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Stock impact report

Why ServisFirst Bancshares Stock Popped Today [Yahoo! Finance]

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: Yahoo! Finance
10 stocks we like better than ServisFirst Bancshares › ServisFirst Bancshares (NYSE: SFBS) jumped on Wednesday after the Alabama-based bank holding company announced strong fourth-quarter results. By the close of trading, ServisFirst's stock price was up more than 14%. ServisFirst's deposits rose by 5% year over year to $675.6 million, while its loans increased by 12% to $384.9 million. The bank's net interest margin, an important profitability metric for lenders, increased by 42 basis points to 3.38%, as interest rates declined. ServisFirst's earnings per share, in turn, surged by 33% to $1.58. Impressively, the financial services provider's efficiency ratio, which measures non-interest expenses relative to revenue, improved to 29% from 36% in the year-ago quarter. "We continued our focus on net interest margin expansion, which was enhanced by a reduction in benchmark interest rates, and we remain disciplined on expense controls," chief financial officer David Sparacio Show less Read more
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