Every material Form 8-K ServisFirst Bancshares filed with the SEC in 2024, 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). Newest first; each brief links to its own page and to the filing on SEC.gov.
ServisFirst Bancshares reported third-quarter 2024 net income of $59.9 million, up 14.9% from the second quarter and 12.3% from a year earlier, with diluted earnings per share of $1.10. The company also said CFO Kirk Pressley will resign effective October 31, 2024, and Controller Ed Woodie will become interim CFO on that date, a leadership change shareholders will want to monitor.
Q3 2024 net income $59.9 million, up from $52.1 million in Q2 2024 and $53.3 million in Q3 2023
Diluted EPS $1.10, compared with $0.95 in Q2 2024 and $0.98 in Q3 2023
Net interest margin 2.84%, up from 2.79% in Q2 2024
Kirk Pressley resigns as CFO and EVP effective October 31, 2024; Ed Woodie, 57, named interim CFO
ServisFirst Bancshares reported second-quarter 2024 net income of $52.1 million and diluted earnings per share of $0.95, up from $50.0 million and $0.92 in the first quarter but down from $53.5 million and $0.98 in the second quarter of 2023. The company said net interest margin rose to 2.79% and it entered the Auburn-Opelika, Alabama market during the quarter.
Net income $52.1 million vs. $50.0 million in Q1 2024 and $53.5 million in Q2 2023
Diluted EPS $0.95 vs. $0.92 in Q1 2024 and $0.98 in Q2 2023
Net interest margin 2.79% vs. 2.66% in Q1 2024 and 2.93% in Q2 2023
Total deposits $13.26 billion at June 30, 2024, up 7.9% year-over-year
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.
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
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.
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.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every ServisFirst Bancshares filing is on SEC EDGAR ↗. 8-K briefs of other companies →