ServisFirst Bancshares Inc (N:SFBS)
Business Focus: Commercial Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 2500 Woodcrest Place BIRMINGHAM AL 35209 |
| Tel: | 1-205-9493420 |
| Website: | https://www.servisfirstbancshares.com |
| IR: | See website |
| Key People | ||
| Thomas A. Broughton Chairman of the Board, President, Chief Executive Officer | Kirk Pressley Chief Financial Officer | Rodney Eldon Rushing Chief Operating Officer, Executive Vice President | Henry F. Abbott Senior Vice President, Chief Credit Officer |
| Business Overview |
| ServisFirst Bancshares, Inc. is a bank holding company. Through its subsidiary ServisFirst Bank (the Bank), provides business and personal financial services from locations in Alabama, Florida, Georgia, North and South Carolina, Tennessee, and Virginia. The Bank's principal business is to accept deposits from the public and to make loans and other investments. The Company also operates loan production offices in Florida. Through the bank, the Company originate commercial, consumer and other loans and accept deposits, provide electronic banking services, such as online and mobile banking, including remote deposit capture, deliver treasury and cash management services and provide correspondent banking services to other financial institutions. The Banks offers a range of loans to retail customers in the communities. Bank's consumer loans include home equity loans (open and closed-end), vehicle financing, loans secured by deposits, and secured and unsecured personal loans. |
| Financial Overview |
| For the three months ended 31 March 2024, ServisFirst Bancshares Inc interest income increased 25% to $226.7M. Net interest income after loan loss provision decreased 6% to $98.1M. Net income decreased 14% to $50M. Net interest income after loan loss provision reflects Federal funds sold decrease of 12% to $541K, Nontaxable securities decrease of 57% to $9K. Net income also reflects Deposits increase of 87% to $104.1M (expense). |
| Employees: | 591 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $4,673M as of Mar 31, 2024 |
| Annual revenue (TTM): | $858.63M as of Mar 31, 2024 |
| EBITDA (TTM): | $230.45M as of Mar 31, 2024 |
| Net annual income (TTM): | $198.85M as of Mar 31, 2024 |
| Free cash flow (TTM): | N/A |
| Net Debt Last Fiscal Year: | $1,331M as of Mar 31, 2024 |
| Shares outstanding: | 54,507,778 as of Mar 31, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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