ServisFirst Bancshares, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 16, 2023 at 04:05 pm EDT
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ServisFirst Bancshares, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 99.7 million compared to USD 126.42 million a year ago. Net income was USD 53.34 million compared to USD 64.03 million a year ago. Basic earnings per share from continuing operations was USD 0.98 compared to USD 1.18 a year ago. Diluted earnings per share from continuing operations was USD 0.98 compared to USD 1.17 a year ago.
For the nine months, net interest income was USD 309.25 million compared to USD 348.51 million a year ago. Net income was USD 164.78 million compared to USD 183.78 million a year ago. Basic earnings per share from continuing operations was USD 3.03 compared to USD 3.38 a year ago. Diluted earnings per share from continuing operations was USD 3.02 compared to USD 3.37 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. 
