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Dec 31, 2022

ServisFirst Q4 2022 Earnings Report

Earnings and operating results were announced for the quarter and year ended December 31, 2022.

Key Takeaways

ServisFirst Bancshares, Inc. reported a strong fourth quarter in 2022, with diluted earnings per share of $1.24, a 25% increase over the fourth quarter of 2021. Deposits increased $494.9 million, or by 18% annualized, on a linked-quarter basis. The efficiency ratio improved to 29.45% during the fourth quarter of 2022.

Diluted earnings per share increased 25% year-over-year to $1.24.

Deposits increased by $494.9 million, or 18% annualized, on a linked-quarter basis.

Total loans grew by 23% during 2022, reaching $11.7 billion.

Efficiency ratio improved to 29.45% during the fourth quarter of 2022.

Total Revenue
$129M
Previous year: $109M
+19.2%
EPS
$1.24
Previous year: $1.03
+20.4%
Net Interest Margin
3.52%
Previous year: 2.71%
+29.9%
Efficiency Ratio
29.45%
Previous year: 35.47%
-17.0%
Return on Avg Assets
1.89%
Cash and Equivalents
$816M
Previous year: $230M
+254.5%
Total Assets
$14.6B
Previous year: $15.4B
-5.5%

ServisFirst

ServisFirst