ServisFirst Bancshares Inc reports results for the quarter ended in September 30 - Earnings Summary

ServisFirst Bancshares

21/10/2024 22:36

* ServisFirst Bancshares Inc  SFBS.N  reported quarterly
adjusted
earnings of $1.10​​ per share for the quarter ended September
30, higher 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 97 cents per
share. Wall Street expected results to range from 90 cents
to $1.01 per share.
    * Revenue rose 14.7% to $123.67 million from a year ago;
analysts
expected $120.56 million. 
    * ServisFirst Bancshares Inc's reported EPS for the quarter
was
$1.10​.
    * The company reported quarterly net income of $59.91
million.
    * ServisFirst Bancshares Inc shares had risen by 6.5% this
quarter and gained 28.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.7%
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 78.00 
This summary was machine generated from LSEG data October 21 at
09:36 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
 Sep. 30 2024      0.97           1.10           Beat
 Jun. 30 2024      0.91           0.95           Beat
 Mar. 31 2024      0.88           0.92           Beat
 Dec. 31 2023      0.88           0.77           Missed