ServisFirst Q2 EPS $0.98, Net Interest Income $101.3M, both down YoY; NIM 2.93%

ServisFirst Bancshares, Inc.

2023-Q2 EPS reported $2.04

Net income $53.5M, diluted EPS $0.98 vs $1.14 YoY (down 14%); Q1 2023 EPS $1.06.
Net interest margin declined to 2.93% from 3.26% YoY; loan yield 5.94%, deposit cost up sharply.
Deposits grew $672.9M linked-quarter to $12.29B; no FHLB advances or brokered deposits.
Non-performing assets at 0.16% of total assets (up 4 bps); provision for credit losses $6.7M.
Book value per share up 12% YoY; Common Equity Tier 1 ratio improved to 10.37%.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ServisFirst Bancshares, Inc. reported the quarter ended June 30, 2023 results: net income Net income of $53.5 million, EPS $0.98 per share.

Period: the quarter ended June 30, 2023
Net income: Net income of $53.5 million
EPS: $0.98 per share
Result: reported results

Exact text from the filing

ServisFirst Bancshares, Inc. (NYSE: SFBS), today announced earnings and operating results for the quarter ended June 30, 2023. Second Quarter 2023 Highlights: Net income of $53.5 million, or $0.98 per share.

View on SEC.gov

5 earnings releases filed in the last 30 days. Browse all earnings releases →

ServisFirst Bancshares, Inc. filing history →

Source: SEC EDGAR

accession 0001157523-23-001119

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.