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

ServisFirst Bancshares

22/04/2024 23:16

* ServisFirst Bancshares Inc  SFBS.N  reported quarterly
adjusted
earnings of 92 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of $1.06.  The mean expectation of three analysts for the
quarter was for earnings of 88 cents per share. Wall Street
expected results to range from 84 cents to 90 cents per share.
    * Revenue fell 2.9% to $111.31 million from a year ago;
analysts
expected $109.10 million. 
    * ServisFirst Bancshares Inc's reported EPS for the quarter
was 92
cents​.
    * The company reported quarterly net income of $50.03
million.
    * ServisFirst Bancshares Inc shares had fallen by 9.3% this
quarter and lost 9.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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 $69.00 
This summary was machine generated from LSEG data April 22 at
10:16 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
 Mar. 31 2024      0.88           0.92           Beat
 Dec. 31 2023      0.88           0.77           Missed
 Sep. 30 2023      0.95           0.98           Beat
 Jun. 30 2023      0.89           0.98           Beat