ServisFirst Bancshares, Inc. Announces Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2019
January 22, 2020 at 02:31 am IST
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ServisFirst Bancshares, Inc. announced unaudited earnings results for the fourth quarter and full year ended December 31, 2019. For the quarter, the company announced net interest income was $75,777,000 compared to $68,858,000 for the same period a year ago. Net income was $41,037,000 compared to $36,237,000 for the same period a year ago. Basic earnings per common share was $0.77 compared to $0.68 for the same period a year ago. Diluted earnings per common share was $0.76 compared to $0.67 for the same period a year ago.
For the full year, the company announced net interest income was $287,645,000 compared to $262,679,000 for the same period a year ago. Net income was $149,243,000 compared to $136,940,000 for the same period a year ago. Basic earnings per common share was $2.79 compared to $2.57 for the same period a year ago. Diluted earnings per common share was $2.76 compared to $2.53 for the same period a year ago.
ServisFirst Bancshares, Inc. is a bank holding company. Through its subsidiary ServisFirst Bank (the Bank), provides business and personal financial services from locations in Alabama, Florida, Georgia, North and South Carolina, Tennessee, and Virginia. The Bankâs principal business is to accept deposits from the public and to make loans and other investments. The Company also operates loan production offices in Florida. Through the bank, the Company originate commercial, consumer and other loans and accept deposits, provide electronic banking services, such as online and mobile banking, including remote deposit capture, deliver treasury and cash management services and provide correspondent banking services to other financial institutions. The Banks offers a range of loans to retail customers in the communities. Bank's consumer loans include home equity loans (open and closed-end), vehicle financing, loans secured by deposits, and secured and unsecured personal loans.
SERVISFIRST BANCSHARES, INC. 
