ServisFirst Bancshares (SFBS) Tops Q1 EPS by 1c

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ServisFirst Bancshares, Inc. Announces Results for First Quarter of 2020

April 20, 2020 4:01 PM EDT

BIRMINGHAM, Ala., April 20, 2020 (GLOBE NEWSWIRE) -- ServisFirst Bancshares, Inc. (NASDAQ: SFBS), today announced earnings and operating results for the quarter ended March 31, 2020.

First Quarter 2020 Highlights:

Net income of $34.8 million for the quarterNet interest margin increased to 3.58% compared to 3.47% in the fourth quarter of 2019Diluted earnings per share were $0.64 for the quarterDeposits grew 16% annualized during the quarterLoan loss reserves were enhanced during the quarter in light of current economic... More