ServisFirst Bancshares Posts Higher-Than-Expected Q1 Results

ServisFirst Bancshares (SFBS), parent company of Birmingham, Alabama-based ServisFirst Bank, reported Q1 results that came above Wall Street expectations.

EPS increased 43% to $0.60 for the March quarter, but beat the $0.58 average estimate of analysts surveyed by Capital IQ.

Q1 net interest income increased to $62.4 million, from $61.4 million, whereas non-interest income increased 7% to $4.9 million.

Q1 revenue expressed as a combination of net interest income and noninterest income amounted to $67.3 million, topping the analyst consensus of $67 million.

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