Oct. 21 at 8:07 PM
$SFBS ServisFirst reports Q3 EPS
$1.10, consensus 97c
Reports Q3 NII
$115.1M vs.
$99.7M. Kirk Pressley, CFO, said, "Margin expansion accelerated during the quarter with dollar interest margin increasing by
$9.2 million, a 35% annualized linked quarter increase, and net interest margin expanded five basis points to 2.84%. Noninterest bearing demand deposits grew by 4% from the second quarter, a 16% annualized linked quarter increase. Expenses remained well controlled with the efficiency ratio dropping to 36.9% for the quarter."