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Stock impact report

ServisFirst Bancshares, Inc. Announces Results for First Quarter of 2020

ServisFirst Bancshares, Inc. (SFBS) 
Last servisfirst bancshares, inc. earnings: 4/20 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: snl.com/irw/presentations/4188426
Company Research Source: GlobeNewswire
BIRMINGHAM, Ala., April 20, 2020 (GLOBE NEWSWIRE) -- ServisFirst Bancshares, Inc. (NASDAQ: SFBS), today announced earnings and operating results for the quarter ended March 31, 2020. First Quarter 2020 Highlights: Net income of $34.8 million for the quarterNet interest margin increased to 3.58% compared to 3.47% in the fourth quarter of 2019Diluted earnings per share were $0.64 for the quarterDeposits grew 16% annualized during the quarterLoan loss reserves were enhanced during the quarter in light of current economic conditionsNon-interest income increased by $1.7 million, or 35%, year-over-year Tom Broughton, Chairman, President and CEO, said, “Our current focus is on serving our client needs during the current pandemic and our team has done an outstanding job. I could not be more proud of our hard working bankers who have gone above and beyond.  They are what makes our company a standout in our industry for customer service.” Bud Foshee, CFO, said, “We are ple Show less Read more
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