ServisFirst Bancshares, Inc. (NYSE: SFBS) (“the company”), headquartered in Birmingham, Alabama, is a $17.7 billion-asset bank holding company that conducts operations through its lead subsidiary, ServisFirst Bank. With a branch-lite network of 33 offices, SFBS’ footprint primarily covers prominent southeastern MSAs, situated in contiguous states of Alabama, Tennessee, Georgia, Florida, the Carolinas, and Virginia, while the company recently entered the Houston, TX market. The company maintains a traditional commercial banking model centered on “loan making and deposit taking” catering to small and medium-sized businesses in its markets. Complementing its core spread-lending operations, the company maintains a sizeable correspondent banking platform that offers clearing, liquidity, credit, settlement, and international services to more than 380 small community banks across the U.S.
The composition of the loan book reflects a commercially focused…
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