secwatch.observer — SEC 8-K summary
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Issuer:     ServisFirst Bancshares, Inc. (SFBS)
CIK:        0001430723
Form:       8-K
Filed at:   2024-07-15T23:59:59+00:00
Accession:  0001171843-24-003951
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ServisFirst Q2 EPS $0.95 beats Q1 $0.92; deposits grow 16% annualized
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- Diluted EPS $0.95 (vs $0.92 Q1, vs $0.98 Q2 2023); net income $52.1M up 4.2% QoQ.
- Net interest margin rose 13 bps to 2.79% QoQ; dollar margin up $3.4M (13% annualized linked-quarter increase).
- Total deposits $13.26B (+16% annualized QoQ, +8% YoY); loans $12.33B (+15% annualized QoQ, +6% YoY).
- Non-performing assets 0.23% of total assets; book value per share $27.71 (+11% YoY).
- Entered Auburn-Opelika, AL market; $1.3B in cash, no FHLB advances or brokered deposits.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1430723/000117184324003951/0001171843-24-003951-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1430723/000117184324003951/f8k_071524.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-003951

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer