ServisFirst Bancshares Q1 Net Income $83M, EPS $1.54 Tops Estimates
ServisFirst Bancshares reported Q1 net income of $83 million and profit of $1.52 per share, or $1.54 on an adjusted basis, on revenue of $252.3 million. Adjusted EPS topped estimates by $0.01 and represented 32.8% growth from a year earlier.
1. Q1 Financial Results
ServisFirst Bancshares posted net income of $83 million in the first quarter and reported earnings of $1.52 per share on revenue of $252.3 million.
2. Adjusted vs Reported Performance
Adjusted net income of $1.54 per share excludes non-recurring costs, while adjusted revenue was $159 million compared with total revenue of $252.3 million.
3. Year-Over-Year Comparison
Earnings rose from $1.16 per share in the prior year’s first quarter to an adjusted $1.54, marking a 32.8% year-over-year increase and underlining strong operating momentum.
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Sources
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