ServisFirst Q4 2024 Earnings Report
Key Takeaways
ServisFirst Bancshares, Inc. announced strong earnings for the fourth quarter of 2024, with net income reaching $65.2 million and earnings per share at $1.19. The bank experienced growth in net interest income, driven by an improved net interest margin, and maintained strong credit quality.
Net income for Q4 2024 was $65.2 million, compared to $42.1 million in Q4 2023.
Basic and diluted earnings per common share were $1.19 in Q4 2024, up from $0.77 in Q4 2023.
Net interest income increased to $123.2 million for Q4 2024, compared to $101.7 million in Q4 2023.
Non-interest expense decreased to $46.9 million for Q4 2024, from $58.3 million in Q4 2023.
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ServisFirst Revenue by Segment
Forward Guidance
ServisFirst Bancshares is optimistic about the bank's outlook for 2025, citing a solid loan pipeline, an improving margin, strong liquidity, and strong credit quality.
Positive Outlook
- Solid loan pipeline
- Improving margin
- Strong liquidity
- Strong credit quality
- Operating efficiency remains a focus