December 9, 2023

ServisFirst Bancshares, Inc. SFBS shares are buying and selling decrease in Monday’s after-hours session after the corporate reported third-quarter earnings.

What To Know: The corporate reported quarterly earnings of 98 cents per share which beat the analyst consensus estimate of 95 cents, however a 19.67% lower over earnings of $1.22 per share from the identical interval final yr.

The corporate reported quarterly gross sales of $107.83 million which missed the analyst consensus estimate of $109.98 million, a 20.33% lower over gross sales of $135.36 million the identical interval final yr.

ServisFirst additionally reported loans grew $362.5 million from the third quarter of 2022, including that its mortgage pipeline is bettering.

Tom Broughton, chairman, president and CEO, stated, “We’re proud to achieve the $16 billion in property milestone within the quarter, with present money exceeding $2 billion and no FHLB advances or brokered deposits. We consider this offers our financial institution a major aggressive benefit.”

Associated Hyperlink: Why Stryker Inventory Rose At this time

SFBS Worth Motion: Shares of SFBS have been down 14.89% at $45 within the after-hours session on the time of publication, based on Benzinga Professional.

Picture: Thomas Breher from Pixabay

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