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

ServisFirst Q1 net income $50.0 million, up 19% from Q4 but down 14% from Q1 2023

Mixed Impact 3 of 5 earnings Written later

ServisFirst Bancshares reported first quarter 2024 net income of $50.0 million, or $0.92 per diluted share, up from $42.1 million and $0.77 in the fourth quarter of 2023 but down from $58.0 million and $1.06 in the first quarter of 2023. Total deposits fell 3.9% from the prior quarter to $12.75 billion, which the company attributed partly to moving away from high-cost, non-core deposits.

Key points

  • Net income $50.0 million vs. $42.1 million in Q4 2023 and $58.0 million in Q1 2023
  • Diluted EPS $0.92 vs. $0.77 in Q4 2023 and $1.06 in Q1 2023; adjusted diluted EPS $0.94
  • Net interest margin 2.66%, up from 2.57% in Q4 2023 but down from 3.15% in Q1 2023
  • Total deposits $12.75 billion, down 3.9% from Q4 2023 and up 9.8% from Q1 2023; non-performing assets 0.22% of total assets vs. 0.14% in Q4 2023

The filing

CompanyServisFirst Bancshares (SFBS)
Form8-K, current report
Filed with the SECApr 22, 2024, 4:05 PM ET
Accession number0001171843-24-002124

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 April 22, 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.