ServisFirst Bancshares hikes dividend by 11.7%

ServisFirst Bancshares (SFBS), a regional bank headquartered in Birmingham, Alabama, has announced an 11.7% increase to its quarterly dividend, raising it to $0.335 per share. At the current stock price of $92.25, this results in a dividend yield of 1.4%. The company’s annual dividend payout now totals $73 million. The next dividend will be paid on January 10, 2025.

The dividend increase highlights ServisFirst’s consistent growth in shareholder returns, with an average annual dividend hike of 13.9% over the past five years. The latest dividend reflects the bank’s robust financial position and ongoing commitment to rewarding its investors. The dividend has been raised for 10 consecutive years.

About ServisFirst Bancshares

ServisFirst Bancshares operates as a full-service commercial bank, serving businesses and individuals across its markets. With operations concentrated in Alabama, Florida, Georgia, South Carolina, and Tennessee, ServisFirst has built a reputation for personalized banking solutions and high-quality service.

The bank focuses on relationship-based banking, providing lending, treasury management, and deposit services to its clients. ServisFirst’s emphasis on operational efficiency and disciplined growth has driven its strong financial performance over the years.

Key Highlights of SFBS’s Dividend History

• 11.7% Increase in 2024: The quarterly dividend rises to $0.335 per share, reflecting the company’s continued commitment to shareholder returns.

• Consistent Growth: Over the past five years, SFBS has increased its dividend by an average of 13.9% annually.

• Strong Annual Payout: ServisFirst now pays $73 million annually in dividends, supported by its solid financial results.

• Attractive Yield: The current dividend yield stands at 1.4% based on a stock price of $92.25.

ServisFirst’s steady dividend growth reflects its disciplined approach to capital management and strong business fundamentals. The bank’s focus on shareholder value, combined with its operational strength, positions it as a reliable income source for investors.