secwatch.observer — SEC 8-K summary
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Issuer:     ServisFirst Bancshares, Inc. (SFBS)
CIK:        0001430723
Form:       8-K
Filed at:   2024-01-29T23:59:59+00:00
Accession:  0001157523-24-000128
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ServisFirst Bancshares Q4 EPS $0.77 ($0.91 adjusted); raises dividend 7% to $0.30; enters Memphis market
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1430723/000115752324000128/0001157523-24-000128-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1430723/000115752324000128/a53889032.htm
  HTML page:      https://secwatch.observer/filing/0001157523-24-000128

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