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.

Return on Average Assets

1.77%