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Sep 30, 2022
ServisFirst Q3 2022 Earnings Report
Reported a net income increase of 22% year-over-year and earnings per share of $1.17.
Key Takeaways
ServisFirst Bancshares, Inc. reported strong third-quarter results with diluted earnings per share of $1.17, a 22% increase over the third quarter of 2021. Total loans grew by $661.3 million, and the company expanded into new markets.
Diluted earnings per share were $1.17 for the third quarter of 2022, a 22% increase over the third quarter of 2021 and a 3% increase on a linked-quarter basis
Preliminary settlement of litigation and write-down of a private investment resulting in charges of $2.4 million, net of income taxes, or $0.05 per diluted share
Total loans grew $661.3 million during the third quarter of 2022, or 25% annualized
Entered the Piedmont, North Carolina market and expanded our presence in Northwest Florida and Nashville.