ServisFirst Bancshares, Inc. Ranks Third Among Top Publicly Traded Banks

ServisFirst Bank, a subsidiary of ServisFirst Bancshares (NYSE:SFBS), announced that the company 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 partnered 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.  

“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,” said Tom Broughton, ServisFirst Bank Chairman, President, and CEO.

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 visit www.servisfirstbank.com.