– ServisFirst Bank, a subsidiary of ServisFirst Bancshares
(NYSE:SFBS), is pleased to announce they have ranked fourth in the top publicly traded banks
with between $10 billion to $50 billion in assets, based on year-end 2023 data. ServisFirst
Bancshares is the only bank in Alabama that made it into the top ten, and this is the third year
in a row that the bank has achieved a top-five ranking.
The annual list is compiled by consulting firm Capital Performance Group, which uses each
institution’s three-year average return on average equity, or ROAE, to determine the ranking.
These rankings are published annually by American Banker.
“The top performers remained more liquid in 2023, which helped their profitability in a rising
rate environment,” stated Ally Akins and Claude Hanley, analysts at Capital Performance
Group.
The $16 billion-asset institution, ServisFirst Bancshares, had a 3-year average return on
average equity (ROAE) of 18.38%, a return on average assets (ROAA) of 1.37%, a net interest
margin (NIM) of 2.81%, nonperforming assets/total assets of 0.13%, and core deposits/total
deposits of 91.30%.
Net loan growth of top performers and the segment overall exceeded 5% last year, but the
strongest banks grew core deposits in 2023 by more than 2%, while the group overall saw a
decline. This helped the highest-ranked banks to minimize deposit cost increases because of
high rates, supporting net interest margins and bottom lines. The NIM on average for the top
10 banks were 15 basis points higher than overall. Profits in 2023 were more than 40% higher
for the top banks compared to their overall peer group.
For more information regarding ServisFirst Bank’s recent 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 $16 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.
