ServisFirst Bank clients, prospects, directors and supporters, |
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We are pleased to share the launch of our new quarterly newsletter.
ServisFirst Bank believes that communication and staying connected with our valued customers and partners are key to building strong relationships. With this vision in mind, we have created this newsletter to keep you updated on the latest happenings within our company.
We are delighted to present to you the financial highlights of ServisFirst Bank for the second quarter of the year. Our dedicated team has worked tirelessly to ensure the bank's growth and deliver exceptional customer service. We are proud to report that the second quarter has been immensely successful, marked by profitability and numerous opportunities. As we reflect on these achievements, we eagerly anticipate the forthcoming developments and prospects that the rest of the year holds for ServisFirst Bank.
In this newsletter, we are pleased to share the detailed earnings results for the second quarter, along with several notable updates for 2023. These include the announcement of a new addition to our Board of Directors, various recognitions and awards received, significant market news, and more.
We would like to express our sincere gratitude for your unwavering support and confidence in our institution. It is through your continued patronage that we are able to forge ahead and achieve these commendable results. We remain committed to upholding our commitment to excellence and
providing you with unparalleled service.
Thank you for your continued support.
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ServisFirst Bancshares, Inc. Announces Results
For Second Quarter of 2023
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Second Quarter 2023 Highlights
- Net income of $53.5 million, or $0.98 per share.
- Deposits grew $672.9 million on a linked-quarter basis, or 23.2% annualized.
- Loans grew $987.6 million, or 9.3%, year-over-year.
- Strong liquidity and significant available liquidity sources with no FHLB advances and no brokered deposits.
- Consolidated Common Equity Tier 1 capital to risk-weighted asset increased from 9.64% to 10.37% year-over-year.
- Bank level Tier 1 capital to average assets increased from 8.60% to 10.25% year-over-year.
- An increase of 20% in new accounts opened year-over-year.
- Book value per share increased 12% year-over-year.
For more detailed financials, please read the press release below.
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ServisFirst Bancshares Ranks 15th on Forbes
2023 America’s Best Banks List
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ServisFirst Bank ranked 15th on the 2023 Forbes America’s Best Banks list. Forbes looks at growth, credit quality, and profitability to rank the 100 largest publicly traded banks, by assets, and then ranks them from best to worst. This is Forbes’ 14th annual America’s Best Banks list. |
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Global Market Intelligence Recognizes ServisFirst as a
Top 50 U.S. Public Bank
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ServisFirst Bank ranked 21st on the S&P Global Market Intelligence’s 2022 Top 50 Public Banks, which ranks US public banks by financial performance and are limited to banks with greater than $10 billion in total assets. We’re honored to be recognized for our strong performance alongside other top banks across the United States.
Thank you to our amazing clients and team who make recognitions like this possible!
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ServisFirst Bank Added to 2023 KBW Bank Honor Roll: Spotlight on consistent earnings growth for 8th consecutive year |
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ServisFirst Bank was featured amongst 13 other banking institutions on the 2023 KBW Bank Honor Roll for the 8th consecutive year. This exclusive list highlights banks that consistently deliver a strong track record of earnings growth over the past decade.
Congratulations to the entire ServisFirst Bank team!
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American Banker names ServisFirst Bancshares Inc. third among top publicly traded banks between $10 billion and $50 billion in assets in 2022 |
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ServisFirst Bank is pleased to announce we have ranked third in the top publicly traded banks with between $10 billion to $50 billion in assets, based on year-end 2022 data. Consulting firm Capital Performance Group partners with American Banker to compile the annual ranking, and this is the second year in a row that ServisFirst Bancshares has achieved the third-place ranking.
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ServisFirst Bank Adds to Board of Directors |
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This spring, ServisFirst Bank named Betsy Bugg Holloway, Ph.D. to its board of directors. Dr. Holloway is vice president for advancement and marketing for Samford University, leading all of its marketing, branding and philanthropic initiatives.
Dr. Holloway has held various faculty positions with Samford and has been a visiting professor at Kiev Business School, the University of Jordan and the Beijing Institute of Technology. Dr. Holloway is also on the board of directors and executive committee and chair of the nominating committee of Blue Cross & Blue Shield of Alabama and Founders Advisors’ board of advisors, among other boards across the state. She is past president of the Rotary Club of Birmingham, Omicron Delta Kappa national leadership honor society and the Public Affairs Research Council of Alabama.
She is a trustee for the Alabama Symphony Orchestra Endowment, the IPC Foundation and the Charles and Estelle Campbell Foundation. And she was a founding board member and former chair of Scholarships for Kids. She is a graduate of Leadership Birmingham and Leadership Alabama and was the 2011 Aspen Institute Ideas Festival Scholar.
Welcome, Betsy!
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ServisFirst Bank Celebrates its First Panama City Location |
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ServisFirst Bank commemorated its expansion into Panama City, Florida with a ribbon-cutting ceremony on Thursday, January 26, 2023.
Bryan Taylor, ServisFirst Community Development Officer, led the ceremony as key spokesperson which took place on the sixth floor of The Chapman Building, 1022 West 23rd Street, Suite 600, Panama City, FL 32405. The Bay County Chamber of Commerce and Panama City Beach Chamber of Commerce
both attended the ceremony.
“We are excited to introduce our new location in Panama City,” stated Steve Aase, ServisFirst Bank Panama City Market President. “Our dedicated employees are ready to serve the community of Bay County and the surrounding areas and showcase the commitment we have for our clients.”
ServisFirst Bank continues to successfully expand by utilizing their extensive experience and commitment to their clients. This is Panama City’s first ServisFirst Bank location, and their overall 9th banking location in Florida.
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ServisFirst Bank announces the expansion of the Correspondent Banking Division into Texas. Founded in 2011, ServisFirst Bank’s Correspondent Banking Division currently operates in 27 states for 344 correspondent bank customers. Veteran banker, Don Dickerson will serve as Senior Vice President, Correspondent Banking for the Texas region.
“We are excited to expand our Correspondent Banking Division into Texas to offer a program that will help banks offer quality products and solutions to their customers,” states Rodney Rushing, ServisFirst Bank Executive Vice President and Chief Operating Officer “With Don’s leadership and wide-ranging banking experience, ServisFirst will continue to provide exceptional service across the United States.”
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ServisFirst Bank Announces Expansion in Virginia |
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ServisFirst Bank opened its first location in Virginia on April 24, 2023.
The new office is located at 4505 Columbus Street, Six Columbus Center, Suite 100, Virginia Beach, Virginia 23462. This marks ServisFirst Bank’s 30th location across seven states in the United States.
ServisFirst Bank Virginia has a trustworthy and skilled team of bankers led by Mike Jakubowski and Bobby Fox. Jakubowski serves as Market President of ServisFirst Bank Virginia and Fox serves as Senior Vice President, Senior Commercial Banker.
“We are excited to bring the nationally-ranked ServisFirst Bank brand and strategy to Virginia,” states Mike Jakubowski, ServisFirst Bank Virginia Market President.
“Our team of experienced bankers are proud to be a part of Virginia’s business
community and look forward to continuing the ServisFirst Bank standard of
superior service throughout this thriving market.”
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ServisFirst Bank Tallahassee Expands
With New Mortgage Team
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Tallahassee native Caitlin Yancey Moore will serve as Vice President, Mortgage Production Manager. Lori Rawlings, Sheila Rogers, and Nick Hague are joining the team as Vice President, Mortgage Loan Officers. Stephanie Colley joins the team as Mortgage Loan Assistant, Sheila Chatman as Mortgage Loan Processor,
and Calob Cook as Mortgage Loan Closer.
“We are proud to welcome Caitlin, Lori, Sheila, Nick, Stephanie, Sheila and Calob to ServisFirst Bank as our new mortgage team,” states Steven Lohbeck, ServisFirst Bank Tallahassee Market President. “This group brings impressive banking experience, understanding of the Tallahassee market and passion for providing exceptional customer service that will allow our Tallahassee branch to bring a new level of mortgage expertise to the market and clients we serve.”
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CONTACT US
Give us a call, send us an email, or visit us in person at a local branch.
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Follow ServisFirst Bank on LinkedIn |
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2500 Woodcrest Place | Birmingham, Alabama 35209
866.922.5794 | www.servisfirstbank.com
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