ServisFirst (SFBS) Reports Q3 Earnings: What Key Metrics Have to Say

Core Insights - ServisFirst Bancshares reported revenue of $123.67 million for Q3 2024, a 14.7% year-over-year increase, with EPS of $1.10 compared to $0.98 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate of $120.7 million by 2.46%, and the EPS surpassed the consensus estimate of $0.97 by 13.40% [1] Financial Performance Metrics - Efficiency Ratio stood at 36.9%, better than the average estimate of 37.6% from two analysts [2] - Net charge-offs to total average loans were 0.1%, matching the average estimate [2] - Net Interest Margin was 2.8%, in line with the average estimate [2] - Average Balance of Interest-earning Assets reached $16.12 billion, exceeding the average estimate of $15.71 billion [2] - Net Interest Income was reported at $115.12 million, above the average estimate of $112.22 million [2] - Total Non-interest income matched the average estimate at $8.55 million [2] - Cash surrender value life insurance income was $2.11 million, surpassing the estimated $1.87 million [2] - Service charges on deposit accounts were $2.34 million, exceeding the average estimate of $2.27 million [2] - Mortgage banking income was $1.35 million, above the estimated $1.11 million [2] - Other Operating Income was reported at $0.82 million, matching the average estimate [2] Stock Performance - Shares of ServisFirst have returned +1.4% over the past month, compared to the Zacks S&P 500 composite's +4.5% change [2] - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating potential for outperformance in the near term [2]