SFBS - ServisFirst GAAP EPS of $1.06 beats by $0.01 revenue of $114.62M misses by $5.53M

2023-04-17 16:33:30 ET

• ServisFirst press release ( NYSE: SFBS ): Q1 GAAP EPS of $1.06 beats by $0.01 .
• Revenue of $114.62M (+5.8% Y/Y) misses by $5.53M .
• Available liquidity sources totaled $8.4 billion as of March 31, 2023.
• Return on assets increased from 1.53% to 1.63% year-over-year.
• Book value per share grew from $21.61 to $24.63, or 14%, year-over-year.

• Average loans for the first quarter of 2023 were $11.65 billion, an increase of $166.4 million, or 5.9% annualized, over average loans of $11.49 billion for the fourth quarter of 2022, and an increase of $2.00 billion, or 20.8%, over average loans of $9.65 billion for the first quarter of 2022.

• Average total deposits for the first quarter of 2023 were $11.50 billion, an increase of $118.9 million, or 4.2%, annualized, over average total deposits of $11.39 billion for the fourth quarter of 2022, and a decrease of $875.0 million, or 7.1%, over average total deposits of $12.38 billion for the first quarter of 2022.

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