ServisFirst Bancshares (SFBS) Q3 Earnings and Revenues Beat Estimates

Core Insights - ServisFirst Bancshares (SFBS) reported quarterly earnings of $1.10 per share, exceeding the Zacks Consensus Estimate of $0.97 per share, and showing an increase from $0.98 per share a year ago, representing an earnings surprise of 13.40% [1] - The company generated revenues of $123.67 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 2.46% and increasing from $107.83 million year-over-year [1] - ServisFirst has consistently outperformed consensus EPS estimates over the last four quarters, achieving this four times [1] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.04 on revenues of $126.85 million, while the estimate for the current fiscal year is $3.89 on revenues of $473.65 million [4] - The estimate revisions trend for ServisFirst is currently favorable, leading to a Zacks Rank 1 (Strong Buy) for the stock, indicating expected outperformance in the near future [4] Industry Context - The Financial - Savings and Loan industry, to which ServisFirst belongs, is currently ranked in the top 22% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [5] - Southern Missouri Bancorp (SMBC), another company in the same industry, is expected to report quarterly earnings of $1.11 per share, reflecting a year-over-year decline of 4.3% [5]