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BIRMINGHAM, Ala. (AP) _ ServisFirst Bancshares Inc. (SFBS) on Monday reported fourth-quarter earnings of $51 million.
The Birmingham, Alabama-based company said it had profit of 94 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 82 cents per share.
The holding company for ServisFirst Bank posted revenue of $109.3 million in the period. Its adjusted revenue was $100.3 million.
For the year, the company reported profit of $169.6 million, or $3.13 per share. Revenue was reported as $368.2 million.
ServisFirst shares have risen 6% since the beginning of the year. In the final minutes of trading on Monday, shares hit $42.77, an increase of 10% in the last 12 months.