ServisFirst Bancshares declares $0.335 quarterly dividend

By Tamara Parker • Tuesday, March 18 15:16 • Permanent Link

ServisFirst Bancshares, Inc. has declared a quarterly cash dividend of $0.335 per share, payable on April 9, 2025, to stockholders of record as of April 1, 2025. The company provides business and personal financial services through its subsidiary, ServisFirst Bank, with locations in various states including Alabama, Georgia, Florida, and Tennessee.

In the last reported period, ServisFirst Bancshares, Inc. reported a net income of $95.8 million, an increase of 10.6% compared to the previous period. Additionally, the company's total assets grew to $12.3 billion, representing a 13% increase from the prior period.

The company's return on average assets (ROA) stood at 1.57%, reflecting an improvement from the previous period, while its return on average equity (ROE) was reported at 16.42%, signifying a slight decline compared to the last period.

ServisFirst Bancshares, Inc.'s efficiency ratio was 39.6%, a decrease from the prior period's 40.2%, indicating improved efficiency in the allocation of resources. Moreover, the company's net interest margin (NIM) was reported at 3.53%, showing a slight decrease from the previous period.

ServisFirst Bancshares, Inc. also experienced growth in its total loans, which reached $8.4 billion, representing a 9% increase from the last reported period. Additionally, total deposits increased to $10.1 billion, showing a 12% rise compared to the prior period.

The company's nonperforming loans to total loans ratio was reported at 0.15%, reflecting a slight improvement from the previous period, indicating better credit quality. Furthermore, the allowance for loan losses to total loans ratio stood at 1.03%, representing a stable position compared to the last period.

In terms of capital adequacy, ServisFirst Bancshares, Inc. reported a common equity tier 1 capital ratio of 10.9%, signifying a robust capital position to support its operations and future growth.

Today the company's shares have moved -0.8% to a price of $82.46. For the full picture, make sure to review ServisFirst Bancshares's 8-K report.

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