ServisFirst Bancshares (SFBS) Tops Q1 EPS by 1c

ServisFirst Bancshares (NASDAQ: SFBS) reported Q1 EPS of $0.64, $0.01 better than the analyst estimate of $0.63.

Tom Broughton, Chairman, President and CEO, said, “Our current focus is on serving our client needs during the current pandemic and our team has done an outstanding job. I could not be more proud of our hard working bankers who have gone above and beyond. They are what makes our company a standout in our industry for customer service.”

Bud Foshee, CFO, said, “We are pleased to have a strong balance sheet and solid profitability that positions us well during the current pandemic and beyond. Our return on average assets was 1.54% during the first quarter. Our pre-tax, pre-provision return on average assets was 2.49% during the first quarter, which is among the best in the banking industry.”

For earnings history and earnings-related data on ServisFirst Bancshares (SFBS) click here.

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