secwatch.observer — SEC 8-K summary
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Issuer:     ServisFirst Bancshares, Inc. (SFBS)
CIK:        0001430723
Form:       8-K
Filed at:   2023-10-16T23:59:59+00:00
Accession:  0001157523-23-001490
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1430723/000115752323001490/0001157523-23-001490-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1430723/000115752323001490/a53613742.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001490

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