ServisFirst Bancshares (SFBS) announced its fourth-quarter profits, showcasing an increase compared to the same period last year and surpassing Wall Street predictions.
For this quarter, the company reported earnings of $65.14 million, or $1.19 per share, which is an improvement from last year's figures of $42.04 million, or $0.77 per share. When excluding special items, the adjusted earnings remained the same, at $65.14 million or $1.19 per share, for this period.
Market analysts had, on average, anticipated earnings of $1.11 per share, typically excluding any extraordinary items from their projections.
Here’s a quick overview of ServisFirst Bancshares’ earnings in accordance with GAAP standards:
- Earnings: $65.14 million, up from $42.04 million the previous year.
- Earnings per Share (EPS): $1.19, compared to $0.77 the year before.
