ServisFirst: Q1 Earnings Snapshot
BIRMINGHAM, Ala. (AP) _ ServisFirst Bancshares Inc. (SFBS) on Monday reported first-quarter profit of $51.5 million.
On a per-share basis, the Birmingham, Alabama-based company said it had profit of 95 cents.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 94 cents per share.
The holding company for ServisFirst Bank posted revenue of $108.9 million in the period. Its adjusted revenue was $100.8 million.
ServisFirst shares have risen 54% since the beginning of the year. In the final minutes of trading on Monday, shares hit $62.03, more than doubling in the last 12 months.