This quarter has been one of growth, recognition, and continued success for ServisFirst Bank. From strong financial performance to strategic expansion and industry accolades, we are proud of our progress and look forward to the year ahead.

We are excited to celebrate the opening of our new Memphis office, strengthening our presence in Tennessee, and to announce key leadership advancements that will drive our continued success.

Our recent rankings in Business Alabama and the Birmingham Business Journal further reinforce our position as a leader in the banking industry. This recognition, combined with our expanding market reach and strong financial results, reflects our commitment to excellence.

As we move into a new year, we remain dedicated to delivering exceptional service and innovative financial solutions. Thank you for your continued trust and support.

ServisFirst Bancshares, Inc. Announces Results

For Fourth Quarter of 2024

Fourth Quarter 2024 Highlights

• Diluted earnings per share of $1.19 for the quarter.
• Diluted earnings per share increased 8% from the third quarter of 2024, and 31% from the year-ago quarter on an adjusted basis*.
• Net interest margin increased 12 basis points from the third quarter of 2024.
• Net interest income increased by $8.0 million, or 28% annualized, during the quarter.
• Deposits grew by $397 million, or 12% annualized, during the quarter.
• Loans grew by $268 million, or 9% annualized, during the quarter.
• Cash dividend increased from $0.30 to $0.335 per share, a 12% increase.
• Book value per share of $29.63, up 12.0% from the fourth quarter of 2023 and 11.6% annualized, from the third quarter of 2024.
• Liquidity remains solid with $2.4 billion in cash on hand and no FHLB advances or brokered deposits.
• Consolidated common equity tier 1 capital to risk-weighted assets increased from 10.91% to 11.42% year-over-year.
• Credit quality continues to be strong with non-performing assets to total assets of 0.26%.

More detailed financials are linked below.

AWARDS & RANKINGS

ServisFirst Bank Ranked as

Alabama's Second-Largest Bank

In its October 31, 2024, report, Business Alabama ranked ServisFirst Bank as the second-largest Alabama-headquartered bank, with total assets of approximately $15.7 billion—a 7.93% increase from the previous year. The bank also reported net loans and leases totaling about $11.7 billion, reflecting a 2.18% growth. This recognition highlights ServisFirst Bank's significant role in the state's banking industry and its ongoing commitment to financial growth. 

ServisFirst Bancshares Inc. Recognized

Among Birmingham's Largest Banks

The Birmingham Business Journal has named ServisFirst Bank among the largest banks in the Birmingham metro area in its December 12, 2024, report. Ranked by local deposits, the list highlights ServisFirst Bank's strong presence and impact on the region’s banking industry. This recognition reflects the bank’s dedication to serving the Birmingham community and supporting local economic growth.

ServisFirst Bank Strengthens Tennessee Presence with Opening of Memphis Office

ServisFirst Bank is proud to announce the opening of its second office location in Tennessee, located in Memphis. This new office marks a significant milestone in ServisFirst Bank’s expansion in the Tennessee market, providing accessible and personalized financial services to the Memphis community.

ServisFirst Bank Memphis began as a loan production office in March 2024 and is thrilled to officially open its new permanent location this December. The new office is located at 5384 Poplar Avenue, Suite 200, Memphis, TN 38119, and will include a drive-thru and 24-hour ATM. The Memphis team will consist of 12 employees, offering full commercial and private banking services, retail banking, and treasury management expertise.

“We’re excited to open our doors in Memphis and bring the personal, high-quality service ServisFirst Bank is known for,” states Joel E. Smith, Market President for ServisFirst Bank Memphis. “With a dedicated team of experienced banking professionals, we look forward to providing Memphis businesses and residents with financial solutions tailored to their needs.”

ServisFirst Bank Memphis is strengthening the strong foundation that was established earlier this year with their loan production office. This team included Joel E. Smith as Market President, Scott Forman as Senior Vice President, Commercial Banking, and Michael Joyner as Senior Vice President, Commercial Banking Relationship Manager. Additionally, Coers Adams joined as Vice President, Commercial Banking, Harriette Stevens as Vice President, Private Banking and Regional Branch Manager, and Bill Sternberger as Assistant Vice President, Private Banking Officer. Megan Latta also joined as Treasury of Management Sales, and Trudy Griffin as Commercial Client Relationship Associate.

ServisFirst Bank Memphis now welcomes Calandra Freeman as Branch Operations Manager, Peyton McArthur as Vice President, Commercial Banking Relationship Manager, and Lydia Wainwright as Assistant Relationship Manager.

ServisFirst Bank West Central Florida Announces New Market President

ServisFirst Bank is pleased to announce the promotion of Brent Dykstra to Market President of West Central Florida, where he will be responsible for overseeing growth and strategic objectives in the region. With over 22 years of banking experience in the Sarasota and Venice areas, Dykstra brings extensive expertise in business development, commercial lending, and portfolio management. Since joining ServisFirst Bank in 2019 as Executive Vice President and Senior Commercial Banker, his career has been marked by a strong commitment to local businesses and professionals. 

"I am honored to step into this new role with ServisFirst Bank and continue to expand our presence in West Central Florida," stated Brent Dykstra, Market President of ServisFirst Bank West Central Florida. "I look forward to advancing our mission of providing exceptional banking solutions and deepening relationships with our clients and partners across the region."

Congratulations, Brent!

Allen Dye and Cameron Ricks Honored by Business Alabama Rising Stars in Banking 2024

ServisFirst Bank congratulates Allen Dye and Cameron Ricks for their recognition as two of Alabama's Rising Stars of Banking.

Allen Dye serves as first vice president, commercial banking, for ServisFirst Bank in Birmingham. Dye began his decade-long tenure at ServisFirst in the residential mortgage department and has since worked within the commercial banking team. Dye graduated from the University of Alabama, where he obtained his bachelor’s and master’s degrees and currently serves as the University of Alabama’s A-Club President, an organization of former letterwinners. In his free time, Dye enjoys being the head coach for Full Count Ministries in Vestavia Hills, hunting, spending time with his family and playing golf. Dye lives in Birmingham with his wife, Paige, and their two children.

Cameron Ricks is first vice president of commercial banking at ServisFirst Bank. A graduate of the University of North Alabama, he holds a degree in political science, but he has a decade of experience in the banking industry. Ricks is treasurer for the Birmingham Sunrise Rotary Club and holds key positions in the American Legion Alabama Boys State and the Alabama Youth Sports Alliance. He’s on the board of the Alabama Sports Council and is a member of the 2024 freshman class of the Birmingham Monday Morning Quarterback Club. Ricks is active in his church, roots for Alabama football and likes to play golf and travel.

2500 Woodcrest Place | Birmingham, Alabama 35209

866.922.5794 | www.servisfirstbank.com | NMLS ID 556357