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Stock impact report

ServisFirst Bancshares, Inc. Announces Results For First Quarter of 2024

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: Business Wire
BIRMINGHAM, Ala.--(BUSINESS WIRE)--ServisFirst Bancshares, Inc. (NYSE: SFBS), today announced earnings and operating results for the quarter ended March 31, 2024.First Quarter 2024 Highlights:Loans grew by 8% annualized for the first quarter of 2024.Net interest margin increased to 2.66% for the first quarter of 2024 from 2.57% for the fourth quarter of 2023.Credit quality continues to be strong with non-performing assets to total assets of 0.22%.Deposits grew 10% year-over-year.Book value per share of $27.08, up 10% from the first quarter of 2023.Tom Broughton, Chairman, President, and CEO, said, “We hired nine new bankers during the first quarter after seven in the fourth quarter and we continue to attract the best talent in the industry in the Southeast.”Kirk Pressley, CFO, said, “We are pleased to have stabilized our funding costs, which will continue to improve our net interest margin. Our expenses remain tightly controlled, as evidenced by our efficiency ratio, which we beli Show less Read more
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