February 22, 2017 12:48 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

Suite 200

Birmingham, AL 35209

United States

Founded in 2005

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: 61
Total Annual Compensation: $850.0K
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: 61
Total Annual Compensation: $395.0K
Chief Operating Officer, Executive Vice President, Chief Operating Officer of Servisfirst Bank and Executive Vice President of Servisfirst Bank
Age: 59
Total Annual Compensation: $440.0K
Executive Vice President, Executive of Correspondent Banking, Executive Vice President of Servisfirst Bank and Executive of Correspondent Banking - Servisfirst Bank
Age: 58
Total Annual Compensation: $390.0K
Chief Credit Officer, Senior Vice President, Chief Credit Officer of Servisfirst Bank and Senior Vice President of Servisfirst Bank
Age: 64
Total Annual Compensation: $252.7K
Compensation as of Fiscal Year 2015.

ServisFirst Bancshares, Inc. Key Developments

ServisFirst Bancshares, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2016; Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2016

ServisFirst Bancshares, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported total interest income of $56,200,000 compared to $48,451,000 a year ago. Net interest income was $49,109,000 compared to $43,161,000 a year ago. The increase in net interest income on a linked quarter basis is attributable to a $126.1 million increase in average loans outstanding, a $39.3 million increase in average non-interest-bearing deposits and a $17.6 million increase in average stockholders' equity, all resulting in a positive mix change in the balance sheet. Net interest income after provision for losses was $45,034,000 compared to $39,853,000 a year ago. Income before income tax was $29,036,000 compared to $24,326,000 a year ago. Net income available to common stockholders was $21,714,000 or $0.40 per diluted share compared to $19,726,000 or $0.39 per diluted share a year ago. Return on average assets was 1.39% compared to 1.55% a year ago. Return on average common stockholders' equity was 16.71% compared to 17.75% a year ago. For the year, the company reported total interest income of $212,902,000 compared to $179,975,000 a year ago. Net interest income was $187,097,000 compared to $162,271,000 a year ago. Net interest income after provision for losses was $173,699,000 compared to $149,424,000 a year ago. Income before income tax was $110,818,000 compared to $89,005,000 a year ago. Net income available to common stockholders of $81,432,000 or $1.52 per diluted share compared to $63,260,000 or $1.20 per diluted share a year ago. Return on average assets was 1.42% compared to 1.38% a year ago. Return on average common stockholders' equity was 16.63% compared to 15.30% a year ago. Core net income available to common stockholders was $81,432,000 or $1.52 per diluted share compared to $65,027,000 or $1.23 per diluted share a year ago. Core return on average assets was 1.42% compared to 1.42% a year ago. Core return on average common stockholders equity was 16.63% compared to 15.73% a year ago. Book value per share as at December 31, 2016 was $9.93 against $8.65 a year ago. Tangible book value per share as at December 31, 2016 was $9.65 against $8.35 a year ago. For the quarter, the company reported net charge-offs of $1,115,000 against $2,463,000 a year ago.

ServisFirst Bancshares, Inc. to Report Q4, 2016 Results on Jan 30, 2017

ServisFirst Bancshares, Inc. announced that they will report Q4, 2016 results at 4:00 PM, US Eastern Standard Time on Jan 30, 2017

ServisFirst Bancshares, Inc., Q4 2016 Earnings Call, Jan 30, 2017

ServisFirst Bancshares, Inc., Q4 2016 Earnings Call, Jan 30, 2017

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