ServisFirst Bancshares, Inc. operates as the bank holding company for ServisFirst Bank that provides commercial banking services. It offers various deposit products, such as demand, time, savings, and other deposits, including negotiable orders of withdrawal accounts, as well as money market accounts and certificates of deposit. 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, suc...
850 Shades Creek Parkway
Birmingham, AL 35209
Founded in 2005
ServisFirst Bank Announces Executive Appointments
Feb 16 15
ServisFirst Bank, which recently merged with Metro Bancshares Inc, has announced that it has hired three executives for its banking operations. The new recruits are to work under newly hired Ken Barber, president and CEO of ServisFirst Bank Atlanta. Linda Anthony was hired as senior vice president of Cash Management Sales, and Noble Jones was named as senior vice president of Commercial Lending.
ServisFirst Bancshares, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014
Jan 20 15
ServisFirst Bancshares, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net income available to common stockholders of $14,917,000 or $0.58 per diluted share compared to net income available to common stockholders of $11,752,000 or $0.53 per diluted share a year ago. Total interest income was $38,163,000 compared to $33,725,000 a year ago. Net interest income was $34,460,000 compared to $30,115,000 a year ago. Net interest income after provision for losses was $31,701,000 compared to $27,759,000 a year ago. Income before income tax was $21,668,000 compared to $17,832,000 a year ago. Net income was $15,032,000 compared to $11,868,000 a year ago. Return on average assets was 1.47% compared to 1.36% a year ago. Return on average common stockholders' equity was 16.39% compared to 18.86% a year ago. The increase in net interest income on a linked quarter basis is attributable to a $132.3 million increase in average loans outstanding, a $71.9 million increase in average non-interest-bearing deposits and a $14.1 million increase in average stockholders' equity, all resulting in a positive mix change in the balance sheet. The lower net interest margin is driven in part by increasing balances in federal funds at other banks and higher balances at the Federal Reserve, which earn a nominal interest rate.
For the year, the company reported net income available to common stockholders of $51,946,000 or $2.09 per diluted share compared to net income available to common stockholders of $41,201,000 or $1.90 per diluted share a year ago. Total interest income was $144,725,000 compared to $126,081,000 a year ago. Net interest income was $130,606,000 compared to $112,462,000 a year ago. Net interest income after provision for losses was $120,347,000 compared to $99,454,000 a year ago. Income before income tax was $73,978,000 compared to $61,975,000 a year ago. Net income was $52,377,000 compared to $41,617,000 a year ago. Diluted earnings per share included the impact of a 14% increase in average diluted shares outstanding. Return on average assets was 1.39% compared to 1.31% a year ago. Return on average common stockholders' equity was 16.23% compared to 18.30% a year ago. Core net income available to common stockholders was $53,558,000 or $2.16 per diluted share compared to income of $41,201,000 or $1.90 per diluted share a year ago. Core return on average assets was 1.44% compared to 1.31% a year ago. Core return on average common stockholders equity was 16.74% compared to 18.30% a year ago. Core net income was $53,989,000 compared to $41,617,000 a year ago.
ServisFirst Bancshares, Inc. to Report Q4, 2014 Results on Jan 20, 2015
Dec 31 14
ServisFirst Bancshares, Inc. announced that they will report Q4, 2014 results at 4:00 PM, US Eastern Standard Time on Jan 20, 2015