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

ServisFirst Bancshares

15/07/2024 22:01

* ServisFirst Bancshares Inc  SFBS.N  reported quarterly
adjusted
earnings of 95 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 98 cents.  The mean expectation of three analysts for the
quarter was for earnings of 91 cents per share. Wall Street
expected results to range from 89 cents to 93 cents per share.
    * Revenue rose 4.5% to $114.77 million from a year ago;
analysts
expected $114.57 million. 
    * ServisFirst Bancshares Inc's reported EPS for the quarter
was 95
cents​.
    * The company reported quarterly net income of $52.11
million.
    * ServisFirst Bancshares Inc shares had risen by 8.3% this
quarter and gained 2.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for ServisFirst
Bancshares Inc is $65.50 
This summary was machine generated from LSEG data July 15 at
09:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.91           0.95           Beat
 Mar. 31 2024      0.88           0.92           Beat
 Dec. 31 2023      0.88           0.77           Missed
 Sep. 30 2023      0.95           0.98           Beat