Servisfirst Bancshares, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
January 26, 2021 at 02:31 am IST
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ServisFirst Bancshares, Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced net interest income was USD 92.081 million compared to USD 75.777 million a year ago. Net income was USD 50.981 million compared to USD 41.037 million a year ago. Basic earnings per share from continuing operations was USD 0.94 compared to USD 0.77 a year ago. Diluted earnings per share from continuing operations was USD 0.94 compared to USD 0.76 a year ago. For the full year, net interest income was USD 338.037 million compared to USD 287.645 million a year ago. Net income was USD 169.569 million compared to USD 149.243 million a year ago. Basic earnings per share from continuing operations was USD 3.15 compared to USD 2.79 a year ago. Diluted earnings per share from continuing operations was USD 3.13 compared to USD 2.76 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. 
