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17.10.2016 22:05
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PR Newswire
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ServisFirst Bancshares, Inc. Announces Results For Third Quarter Of 2016
Ein Arzt berät einen Patienten (Symbolbild).
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PR Newswire
BIRMINGHAM, Ala., Oct. 17, 2016
BIRMINGHAM, Ala., Oct. 17, 2016 /PRNewswire/ -- ServisFirst Bancshares, Inc. (NASDAQ: SFBS), today announced earnings and operating results for the quarter and nine months ended September 30, 2016.
THIRD QUARTER 2016 HIGHLIGHTS:
- Diluted EPS of $0.78 for third quarter of 2016, a 28% increase year over year
- Net income of $59.7 million and diluted EPS of $2.23 for the nine months ended September 30, 2016
- Core diluted EPS* for the nine months ended September 30, 2016 increased 30% year over year as 2015 results were impacted by acquisition expenses
- Loans and deposits increased 15% and 26%, respectively, year over year
- Loans and deposits increased 10% and 36%, respectively, for the third quarter on an annualized basis
*Core measures exclude non-routine expenses during the comparative periods presented in this press release as more fully described in "GAAP Reconciliation and Management Explanation of Non-GAAP Financial Measures" below.
Tom Broughton, President and CEO, said, "We are pleased to report a solid quarter of growth in net income, loans and deposits with excellent credit quality." Bud Foshee, CFO, stated, "Net income in our Nashville, Tennessee region has continued to grow and net operating losses in our newer regions in Atlanta, Georgia, Charleston, South Carolina and Tampa Bay, Florida decreased in the third quarter."
| FINANCIAL SUMMARY (UNAUDITED) | |||||||||||||||||||||
| (in Thousands except share and per share amounts) | |||||||||||||||||||||
| | |||||||||||||||||||||
| | | | | Period Ending September 30, 2016 | | Period Ending June 30, 2016 | | % Change | | Period Ending September 30, | | % Change | | ||||||||
| QUARTERLY OPERATING RESULTS | | | | | | | | | | | | | | | | | | | | ||
| Net Income | | $ | 20,909 | | | $ | 18,876 | | | 11 | % | | $ | 16,266 | | | 29 | % | | ||
| Net Income Available to Common Stockholders | | $ | 20,909 | | | $ | 18,853 | | | 11 | % | | $ | 16,233 | | | 29 | % | | ||
| Diluted Earnings Per Share | | $ | 0.78 | | | $ | 0.71 | | | 10 | % | | $ | 0.61 | | | 28 | % | | ||
| Return on Average Assets | | | 1.39 | % | | | 1.37 | % | | | | | | 1.38 | % | | | | | ||
| Return on Average Common Stockholders' Equity | | | 16.66 | % | | | 15.79 | % | | | | | | 15.52 | % | | | | | ||
| Average Diluted Shares Outstanding | | | 26,939,664 | | | | 26,726,284 | | | | | | | 26,506,334 | | | | | | ||
| | | | | | | | | | | | | | | | | | | | | | |
| YEAR-TO-DATE OPERATING RESULTS | | | | | | | | | | | | | | | | | | | | ||
| Net Income | | $ | 59,741 | | | $ | 38,832 | | | | | | $ | 43,790 | | | 36 | % | | ||
| Net Income Available to Common Stockholders | | $ | 59,718 | | | $ | 38,809 | | | | | | $ | 43,534 | | | 37 | % | | ||
| Diluted Earnings Per Share | | $ | 2.23 | | | $ | 1.46 | | | | | | $ | 1.65 | | | 35 | % | | ||
| Return on Average Assets | | | 1.43 | % | | | 1.45 | % | | | | | | 1.32 Werbung Mehr Nachrichten zur SERVISFIRST BANCSHARES INC COM USD0.001 Aktie kostenlos abonnieren
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