ServisFirst Bancshares Q4 Profit Increases, Beats Estimates

(RTTNews) - ServisFirst Bancshares (SFBS) released a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.

The company's earnings totaled $65.14 million, or $1.19 per share. This compares with $42.04 million, or $0.77 per share, last year.

Excluding items, ServisFirst Bancshares reported adjusted earnings of $65.14 million or $1.19 per share for the period.

Analysts on average had expected the company to earn $1.11 per share. Analysts' estimates typically exclude special items.

ServisFirst Bancshares earnings at a glance (GAAP) :

-Earnings: $65.14 Mln. vs. $42.04 Mln. last year. -EPS: $1.19 vs. $0.77 last year.