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AI brief of an SEC Form 8-K · ServisFirst Bancshares (SFBS)

ServisFirst Q4 diluted EPS falls to $0.77 from $1.24 a year earlier on one-time costs

Negative Impact 4 of 5 earnings Written later

ServisFirst Bancshares reported fourth-quarter 2023 net income of $42.1 million, or $0.77 per diluted share, down from $67.7 million, or $1.24 per share, in the fourth quarter of 2022. The company said a $7.2 million FDIC special assessment, a $2.2 million privilege tax adjustment and $1.1 million in EDP contract termination costs weighed on results, and that adjusted diluted EPS was $0.91.

Key points

  • Diluted EPS was $0.77, compared with $0.98 in the third quarter of 2023 and $1.24 in the fourth quarter of 2022; adjusted diluted EPS was $0.91.
  • Net interest income was $101.7 million, down from $122.4 million a year earlier, and net interest margin was 2.57%, compared with 3.52%.
  • Non-interest expense was $58.3 million, up from $38.1 million in the fourth quarter of 2022, and total deposits reached $13.27 billion, up 15.0% year over year.
  • The quarterly cash dividend rose to $0.30 per share from $0.28, and the company hired Joel Smith as President to enter the Memphis, Tennessee market.

The filing

CompanyServisFirst Bancshares (SFBS)
Form8-K, current report
Filed with the SECJan 29, 2024, 4:05 PM ET
Accession number0001157523-24-000128

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 29, 2024.

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.