ServisFirst Bancshares, Inc. Ranks Third Among Top Publicly Traded Banks with between $10 Billion to $50 Billion in Assets
12 Juillet 2023 - 4:00PM
Business Wire
Second Year in a Row to Receive Third Place
Ranking
ServisFirst Bank, a subsidiary of ServisFirst Bancshares
(NYSE:SFBS), is pleased to announce they have ranked third in the
top publicly traded banks with between $10 billion to $50 billion
in assets, based on year-end 2022 data. Consulting firm Capital
Performance Group partners with American Banker to compile the
annual ranking, and this is the second year in a row that
ServisFirst Bancshares has achieved the third-place ranking.
In a recent interview with American Banker, Tom Broughton,
ServisFirst Bank Chairman, President, and CEO stated, “The company
managed to take advantage of excess funds on hand to make loans in
areas like commercial real estate. That helped the institution
maintain its strong results.”
The $14.6 billion-asset institution, ServisFirst Bancshares, had
noninterest expenses that were 1.06% of average assets, well below
the median of 1.97%. CPG primarily ranked the banks by their
three-year average return on average equity between 2020 and 2022.
The median ROAE for all banks in the $10 billion to $50 billion
asset category was 9.64%, a slight increase from the year-ago
figure of 9.13%. This metric was 17.03% for the top 10
performers.
“At the end of the day, it's about who can play defense better,"
said Claude Hanley, a partner at Capital Performance Group. “That
defense came in a few different varieties: They managed to maintain
their margin in the face of rising interest rates and slowing loan
demand, and they managed to maintain noninterest income.”
For more information regarding ServisFirst Bank’s recent
American Banker interview and ranking, please contact Krista Conlin
at Krista@KCProjects.net. For more about ServisFirst Bank, please
visit www.servisfirstbank.com.
ABOUT SERVISFIRST BANK
ServisFirst Bank is a full-service commercial bank focused on
commercial banking, correspondent banking, treasury management,
private banking and the professional consumer market, emphasizing
competitive products, state-of-the-art technology and a focus on
quality service. Recently, the Bank announced that its assets
exceed $14 billion. The Bank offers sophisticated treasury
management products, Internet banking, home mortgage lending,
remote deposit express banking, and highly competitive rates.
ServisFirst Bank was formed in May 2005, and has offices in
Atlanta, Birmingham, Charleston, Charlotte, Dothan, Huntsville,
Mobile, Montgomery, Nashville, Northwest Florida, Virginia Beach,
West Central Florida, and Western North Carolina. In April 2015,
and annually thereafter, ServisFirst Bank has earned
investment-grade ratings and a stable outlook from Kroll Bond
Rating Agency (KBRA), which measures companies’ financial
fundamentals. ServisFirst Bancshares, Inc. files periodic reports
with the U.S. Securities and Exchange Commission (SEC). Copies of
its filings may be obtained at www.servisfirstbancshares.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230712209068/en/
Krista Conlin, Krista@KCProjects.net
ServisFirst Bancshares (NYSE:SFBS)
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