ServisFirst Bancshares, Inc. (OQ:SFBS)

Sector:  Financials Industry:  Banks
 
See Regulatory Filings on SEC
Company Contact
Address: 2500 Woodcrest Pl
BIRMINGHAM AL 35209-1374
Tel: 1-205-9493420
Website: www.servisfirstbancshares.com
IR: See website
<
Key People
Thomas A. Broughton
Chairman of the Board, President, Chief Executive Officer
Rodney Eldon Rushing
Executive Vice President, Executive for Correspondent Banking for company and the bank
William M. Foshee
Chief Financial Officer, Executive Vice President, Treasurer, Secretary
B. Harrison Morris
Chief Executive Officer of Dothan Regional
Clarence C. Pouncey
Chief Operating Officer, Executive Vice President
G. Carlton Barker
Executive Vice President , Montgomery President and Chief Executive Officer of the Bank
Gregory W. Bryant
Executive Vice President and Tampa Bay Area President and Chief Executive Officer of the Bank
J. Harold Clemmer
Executive Vice President, Atlanta President and Chief Executive Officer of the Bank
Andrew N. Kattos
Executive Vice President, Huntsville President and Chief Executive Officer of the Bank
Rex D. McKinney
Executive Vice President and Pensacola President and Chief Executive Officer of the Bank
   
Business Overview
ServisFirst Bancshares, Inc. is a bank holding company whose business is conducted by its subsidiary, ServisFirst Bank (the Bank). The Company's principal business is to accept deposits from the public and to make loans and other investments. The Company, through its bank, originates commercial, consumer and other loans; accept deposits; provides electronic banking services, such as online and mobile banking, including remote deposit capture, deliver treasury and cash management services, and provides correspondent banking services to other financial institutions. The Company's principal sources of funds for loans and investments are demand, time, savings and other deposits and the amortization and prepayment of loans and borrowings. The Company offers a range of products and services, including round the clock telephone banking, direct deposit, Internet banking, mobile banking, traveler's checks, safe deposit boxes, attorney trust accounts and automatic account transfers.
Financial Overview
For the three months ended 31 March 2020, ServisFirst Bancshares, Inc. interest income increased 3% to $96.8M. Net interest income after loan loss provision increased 11% to $70.8M. Net income decreased 1% to $34.8M. Net interest income after loan loss provision reflects Net Interest Margin, Total - % increase of 1% to 3.58%, Net Interest Spread, Total - % increase of 5% to 3.27%, Interest and fees on loans increase of 5% to $89.4M.
Employees: 505 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $2,406M as of Mar 31, 2020
Annual revenue (TTM): $393.87M as of Mar 31, 2020
EBITDA (TTM): $208.62M as of Mar 31, 2020
Net annual income (TTM): $148.95M as of Mar 31, 2020
Free cash flow (TTM): $147.34M as of Mar 31, 2020
Net Debt Last Fiscal Year: $527.87M as of Mar 31, 2020
Shares outstanding: 53,844,009 as of Mar 31, 2020
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization