ServisFirst Bancshares (SFBS) Tops Q2 EPS by 5c
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ServisFirst Bancshares, Inc. Announces Results For Second Quarter of 2023
July 20, 2023 4:05 PM EDTBIRMINGHAM, Ala.--(BUSINESS WIRE)-- ServisFirst Bancshares, Inc. (NYSE: SFBS), today announced earnings and operating results for the quarter ended June 30, 2023.
Second Quarter 2023 Highlights:
Net income of $53.5 million, or $0.98 per share. Deposits grew $672.9 million on a linked-quarter basis, or 23.2% annualized. Loans grew $987.6 million, or 9.3%, year-over-year. Strong liquidity and significant available liquidity sources with no FHLB advances and no brokered deposits. Consolidated Common Equity Tier 1 capital to risk-weighted asset increased from 9.64% to 10.37% year-over-year. Bank level Tier 1 capital to average assets increased... More