February 27, 2015 6:10 PM ET

Banks

Company Overview of ServisFirst Bancshares, Inc.

Company Overview

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

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: 59
Total Annual Compensation: $640.0K
Chief Financial Officer, Principal Accounting Officer, Executive Vice President, Secretary, Treasurer, Chief Financial Officer of ServisFirst Bank, Principal Accounting Officer of ServisFirst Bank, Executive Vice President of ServisFirst Bank, Secretary of ServisFirst Bank and Treasurer of ServisFirst Bank
Age: 59
Total Annual Compensation: $341.0K
Chief Operating Officer, Executive Vice President of Servisfirst Bank, Chief Operating Officer of Servisfirst Bank and Executive Vice President
Age: 57
Total Annual Compensation: $345.0K
Compensation as of Fiscal Year 2013.

ServisFirst Bancshares, Inc. Key Developments

ServisFirst Bank Announces Executive Appointments

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

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

ServisFirst Bancshares, Inc. announced that they will report Q4, 2014 results at 4:00 PM, US Eastern Standard Time on Jan 20, 2015

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Recent Private Companies Transactions

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Date
Target
Merger/Acquisition
October 20, 2014
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