earnings
confidence high
sentiment positive
materiality 0.75
ServisFirst Bancshares Q4 EPS $0.77 ($0.91 adjusted); raises dividend 7% to $0.30; enters Memphis market
ServisFirst Bancshares, Inc.
2023-FY EPS reported
$3.79
- Diluted EPS of $0.77; adjusted diluted EPS of $0.91; book value per share $26.45, +10.7% YoY.
- Deposits grew 15% YoY; new deposit accounts up 12% YoY; non-performing assets 0.14% of total assets.
- Cash dividend increased 7% to $0.30 per share; CET1 ratio improved to 10.91% from 9.95%.
- Entering Memphis, TN market with hire of Joel Smith as President; $2.1B cash on hand, no FHLB or brokered deposits.