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8-K filings in October 2023, explained

84 material Form 8-K filings that 83 companies we cover made with the SEC in October 2023, each read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). All of them were written later, when past filings were added: a selection, not every 8-K of the month (see the note below).

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SFBSServisFirst Bancshares, Inc. Oct 16, 4:06 PM ET

ServisFirst Q3 profit falls 17% to $53.3 million as net interest margin narrows

Negative earnings Written later 2.02 7.01

ServisFirst Bancshares reported third-quarter 2023 net income of $53.3 million, or $0.98 per diluted share, down 17% from $64.0 million, or $1.17 per share, a year earlier. Net interest income fell to $99.7 million from $126.4 million, as the net interest margin dropped to 2.64% from 3.64%, which management attributed to Federal Reserve rate increases; management said loan pipelines are beginning to rebuild and should improve profitability in coming quarters.

Net income of $53.3 million and diluted EPS of $0.98, versus $64.0 million and $1.17 in Q3 2022 and flat with Q2 2023.
Net interest margin of 2.64%, compared with 2.93% in Q2 2023 and 3.64% in Q3 2022.
Total assets reached $16.0 billion, up 16% from $13.9 billion a year earlier; total deposits were $13.1 billion.
Cash on hand was $2.0 billion with no FHLB advances or brokered deposits, and the non-performing assets ratio was 0.15%.

Read the filing on SEC.gov ↗

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.

Briefs marked “Written later” were written in November 2026 for filings that were by then more than three weeks old, so months before mid-October 2026 hold a selection: every material 8-K of the past year for the 100 largest companies we cover and the last 15 important 8-Ks of every other one. Briefs the number check holds back are not shown or counted. Also: the last 45 days, briefs by company, A–Z and the live SEC filings wire.