July 12, 2023
ServisFirst Bancshares, Inc. Ranks Third Among
Top Publicly Traded Banks with between $10 Billion to $50 Billion in Assets
Second Year in a Row to Receive Third Place Ranking
Birmingham, AL -
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.