secwatch.observer — SEC 8-K summary
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Issuer:     ServisFirst Bancshares, Inc. (SFBS)
CIK:        0001430723
Form:       8-K
Filed at:   2023-07-20T23:59:59+00:00
Accession:  0001157523-23-001119
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1430723/000115752323001119/0001157523-23-001119-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1430723/000115752323001119/a53470949.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001119

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