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June 02, 2015 10:09 AM ET

Banks

Company Overview of ServisFirst Bancshares, Inc.

Company Overview

ServisFirst Bancshares, Inc. operates as the bank holding company for ServisFirst Bank that provides banking services to individual and corporate customers. It offers various deposit products, such as demand, time, savings, and other deposits; checking, money market, and IRA accounts; and various certificates of deposits. The company also provides commercial lending products, such as seasonal loans, bridge loans, and term loans for working capital, expansion of the business, or acquisition of property, plant, and equipment, as well as commercial lines of credit; commercial real estate loans, construction and development loans, and residential real estate loans; and consumer loans, such as ho...

850 Shades Creek Parkway

Birmingham, AL 35209

United States

Founded in 2005

298 Employees

Phone:

205-949-0302

Key Executives for ServisFirst Bancshares, Inc.

Chief Executive Officer, President, Director, Chief Executive Officer of ServisFirst Bank, President of ServisFirst Bank and Director of ServisFirst Bank
Age: 59
Total Annual Compensation: $725.0K
Chief Financial Officer, Executive Vice President, Secretary, Treasurer, Chief Financial Officer of ServisFirst Bank, Executive Vice President of ServisFirst Bank, Secretary of ServisFirst Bank and Treasurer of ServisFirst Bank
Age: 59
Total Annual Compensation: $368.0K
Chief Operating Officer, Executive Vice President of Servisfirst Bank, Chief Operating Officer of Servisfirst Bank and Executive Vice President
Age: 57
Total Annual Compensation: $420.8K
Executive Vice President, Executive for Correspondent Banking, Executive Vice President of Servisfirst Bank and Executive for Correspondent Banking of Servisfirst Bank
Age: 56
Total Annual Compensation: $392.0K
Chief Credit Officer, Senior Vice President, Chief Credit Officer of Servisfirst Bank and Senior Vice President of Servisfirst Bank
Age: 62
Total Annual Compensation: $233.8K
Compensation as of Fiscal Year 2014.

ServisFirst Bancshares, Inc. Key Developments

Servisfirst Bancshares, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

ServisFirst Bancshares, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company's total interest income was $40,783,000 compared to $34,281,000 a year ago. Net interest income was $37,037,000 compared to $30,849,000 a year ago. Net interest income after provision for loan losses was $34,632,000 compared to $28,535,000 a year ago. The increase in net interest income on a linked quarter basis is attributable to a $276.8 million increase in average loans outstanding and a $26.8 million increase in average stockholders' equity, all resulting in a positive mix change in balance sheet. Net income was $13,055,000 compared to $11,758,000 a year ago. Net income available to common stockholders was $12,955,000 compared to $11,658,000 a year ago. Net income for the quarter ended March 31, 2015 was impacted by $2.1 million in merger expenses related to the acquisition of Metro Bancshares, Inc. Diluted earnings per common share was $0.49 compared to $0.51 a year ago. Core net income was $14,822,000 compared to $12,215,000 a year ago. Core net income available to common stockholders was $14,722,000 compared to $12,115,000 a year ago. Core diluted earnings per share was $0.56 compared to $0.53 a year ago. Core return on average assets was 1.43% compared to 1.42% a year ago. Core return on average common stockholders' equity was 15.39% compared to 18.53% a year ago. Book value per share was $15.65. Tangible book value per share was 14.95. Return on average assets was 1.26% compared to 1.36% a year ago. Return on average common stockholders' equity was 13.55% compared to 17.83% a year ago.

ServisFirst Bancshares Seeks Acquisitions

ServisFirst Bancshares, Inc. (NasdaqGS:SFBS) has filed a shelf registration. ServisFirst Bancshares said, "We expect to use the net proceeds from the sale of offered securities by us for general corporate purposes, which may include acquisitions, capital expenditures, investments, and the repayment, redemption or refinancing of all or a portion of any indebtedness or other securities outstanding at a particular time, including our Series A Preferred Stock. Except as otherwise stated in an applicable prospectus supplement, pending the application of the net proceeds from the sale of offered securities, we expect to invest the proceeds in short-term, interest-bearing instruments or other investment-grade securities."

ServisFirst Bancshares, Inc. to Report Q1, 2015 Results on Apr 20, 2015

ServisFirst Bancshares, Inc. announced that they will report Q1, 2015 results at 4:00 PM, US Eastern Standard Time on Apr 20, 2015

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