ServisFirst Q3 EPS $0.98; net interest margin falls to 2.64% from 3.64% YoY

ServisFirst Bancshares, Inc.

2023-Q3 EPS reported $3.02

Diluted EPS $0.98, flat QoQ but down 17% from $1.17 in Q3 2022.
Net interest income $99.7M, NIM 2.64% vs 2.93% Q2 and 3.64% prior year.
Total assets $16.0B (+16% YoY), deposits $13.1B (+19% YoY), no FHLB advances or brokered deposits.
Non-performing assets / total assets 0.15%; allowance for credit losses 1.31% of loans.
Loan yields 6.13%, up from 5.94% Q2; cost of total deposits 3.17% vs 0.50% year ago.

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 third quarter of 2023 results: net income $53.3 million, EPS $0.98.

Period: third quarter of 2023
Net income: $53.3 million
EPS: $0.98
Result: reported results

Exact text from the filing

ServisFirst Bancshares, Inc. reported net income and net income available to common stockholders of $53.3 million for the quarter ended September 30, 2023

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ServisFirst Bancshares, Inc. filing history →

Source: SEC EDGAR

accession 0001157523-23-001490

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