ServisFirst Bancshares (NYSE: SFBS) saw its stock price plummet by 5.37% in trading on Tuesday following the release of its first-quarter earnings report that fell short of analysts' expectations. The financial services company, which provides commercial banking services, reported earnings per share (EPS) of $1.16, missing the Zacks Consensus Estimate of $1.18 per share.
The quarterly report revealed a mixed financial performance for ServisFirst Bancshares. While the company's EPS of $1.16 represented a 23.4% increase from the $0.94 per share reported in the same quarter last year, it still disappointed investors who were expecting stronger results. Additionally, the company posted revenues of $131.83 million for the quarter ended March 2025, falling short of the Zacks Consensus Estimate by 0.69%.
Despite the earnings miss, ServisFirst Bancshares showed some positive signs in its financial results. The company reported a net income of $63.224 million for the quarter, with net interest income reaching $123.553 million. However, the provision for credit losses stood at $6.63 million, which may have raised concerns among investors about the quality of the bank's loan portfolio. The market's reaction suggests that investors are reassessing the company's growth prospects and financial health in light of these mixed results.
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