ServisFirst Bancshares (SFBS) Lags Q3 Earnings and Revenue Estimates

Core Viewpoint - ServisFirst Bancshares reported quarterly earnings of $1.3 per share, missing the Zacks Consensus Estimate of $1.38 per share, representing an earnings surprise of -5.80% [1] - The company posted revenues of $136.28 million for the quarter, missing the Zacks Consensus Estimate by 8.41% [2] Financial Performance - Earnings per share (EPS) for the current quarter was $1.3, compared to $1.1 per share a year ago [1] - Revenues increased from $123.67 million year-over-year to $136.28 million [2] - Over the last four quarters, the company has surpassed consensus EPS estimates two times [2] Market Performance - ServisFirst shares have declined approximately 11.3% since the beginning of the year, while the S&P 500 has gained 13.3% [3] - The current Zacks Rank for ServisFirst is 4 (Sell), indicating expected underperformance in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $1.42 on revenues of $152.7 million, and for the current fiscal year, it is $5.17 on revenues of $565.4 million [7] - The outlook for the Financial - Savings and Loan industry is favorable, ranking in the top 37% of Zacks industries, which historically outperforms the bottom 50% by a factor of more than 2 to 1 [8]