ServisFirst Bancshares Inc reports results for the quarter ended in June - Earnings Summary

ServisFirst Bancshares

20/07/2023 22:01

* ServisFirst Bancshares Inc  SFBS.N  reported quarterly
adjusted
earnings of 98 cents​​ per share for the quarter ended in June.
The mean expectation of four analysts for the quarter was
for earnings of 89 cents per share.
    * Revenue fell 13.2% to $109.83 million from a year ago;
analysts
expected $105.94 million. 
    * ServisFirst Bancshares Inc's reported EPS for the quarter
was 98
cents​.
    * The mean earnings estimate of analysts had fallen by
about 6.5%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * ServisFirst Bancshares Inc shares had risen by 18.6% this
quarter and lost 29.5% so far this year.
    * The company reported quarterly net income of $53.47
million.
    * Wall Street's median 12-month price target for ServisFirst
Bancshares Inc is $46.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
20 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.89           0.98           Beat
 Mar. 31 2023      1.05           1.06           Beat
 Dec. 31 2022      1.24           1.24           Met
 Sep. 30 2022      1.23           1.17           Missed