BIRMINGHAM, Ala., June 6, 2016 /PRNewswire/ -- ServisFirst Bank, a subsidiary of ServisFirst Bancshares, Inc. (NASDAQ: SFBS) is ranked 8th out of 217 eligible institutions in American Banker's list of Midtier Performers with $2 billion to $10 billion in assets in the United States. The criterion is based on three-year average returns on equity (ROAE) for 2013-2015. ServisFirst had a three-year average ROAE of 14.93 percent.
American Banker's ranking of the top Midtier Performers highlights an 8.79% median for three-year return on average equity within midtier banks. Compared to the 8.03% median ROAE for banks over $10 billion in assets and 7.26% median ROAE for banks less than $2 billion in assets, midtier banks are performing at a higher rate and are more profitable than their larger and smaller counterparts. According to Capital Performance Group, these higher returns on equity for midtier banks are a direct result of their higher loan and deposit growth year-over-year.
For more information about ServisFirst Bank, please contact Krista Conlin at 205-937-3777. To learn more about ServisFirst Bank, please visit us at www.servisfirstbank.com.
ABOUT SERVISFIRST BANK
ServisFirst is a full service commercial bank focused on commercial banking, correspondent banking, cash 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 its assets exceed $5.4 billion. The Bank offers sophisticated cash management products, Internet banking, home mortgage lending, remote deposit express banking, and highly competitive rates.
ServisFirst Bank was formed in Birmingham in May 2005, opened ServisFirst Bank Huntsville in August 2006, ServisFirst Bank Montgomery in June 2007, ServisFirst Bank Dothan in September 2008, Correspondent Banking Division in March 2011, ServisFirst Bank Pensacola in April 2011, ServisFirst Mobile in July 2012, ServisFirst Bank Nashville in June 2013, ServisFirst South Carolina in January 2015, ServisFirst Bank Atlanta in January 2015, and ServisFirst Bank Tampa Bay Region in January 2016. In April 2015, ServisFirst Bank earned investment-grade ratings and a stable outlook for the ratings by 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 through the SEC's website at www.sec.gov or www.servisfirstbancshares.com.
FOR INFORMATION CONTACT:
Krista Conlin, 205-937-3777
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SOURCE ServisFirst Bank