ServisFirst Bancshares, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
January 29, 2024 at 04:05 pm EST
Share
ServisFirst Bancshares, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported net interest income was USD 101.69 million compared to USD 122.38 million a year ago. Net income was USD 42.07 million compared to USD 67.72 million a year ago. Basic earnings per share from continuing operations was USD 0.77 compared to USD 1.25 a year ago. Diluted earnings per share from continuing operations was USD 0.77 compared to USD 1.24 a year ago.
For the full year, the company reported net interest income was USD 410.94 million compared to USD 470.89 million a year ago. Net income was USD 206.85 million compared to USD 251.5 million a year ago. Basic earnings per share from continuing operations was USD 3.8 compared to USD 4.63 a year ago. Diluted earnings per share from continuing operations was USD 3.79 compared to USD 4.61 a year ago.
ServisFirst Bancshares, Inc. is a bank holding company. Through its subsidiary ServisFirst Bank (the Bank), provides business and personal financial services from locations in Alabama, Florida, Georgia, North and South Carolina, Tennessee, and Virginia. The Bankâs principal business is to accept deposits from the public and to make loans and other investments. The Company also operates loan production offices in Florida. Through the bank, the Company originate commercial, consumer and other loans and accept deposits, provide electronic banking services, such as online and mobile banking, including remote deposit capture, deliver treasury and cash management services and provide correspondent banking services to other financial institutions. The Banks offers a range of loans to retail customers in the communities. Bank's consumer loans include home equity loans (open and closed-end), vehicle financing, loans secured by deposits, and secured and unsecured personal loans.
SERVISFIRST BANCSHARES, INC. 
