ServisFirst: Overview of Fourth Quarter Financial Results

ServisFirst Bancshares Announces Fourth-Quarter Financial Results

ServisFirst Bancshares Inc., headquartered in Birmingham, Alabama, revealed on Tuesday that its net income for the fourth quarter reached $86.4 million.

The company reported earnings of $1.58 per share for the quarter.

These earnings surpassed analysts’ expectations, as three experts surveyed by Zacks Investment Research had predicted earnings of $1.38 per share.

During the quarter, ServisFirst Bancshares, the parent company of ServisFirst Bank, generated $267.1 million in revenue, with adjusted revenue totaling $162.2 million.

Looking at the full year, the company achieved a profit of $276.6 million, or $5.06 per share, and reported total revenue of $562.4 million.