ServisFirst posts 1Q profit

BIRMINGHAM, Ala. (AP) _ ServisFirst Bancshares Inc. (SFBS) on Monday reported first-quarter profit of $22.5 million.

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The Birmingham, Alabama-based company said it had net income of 42 cents per share.

The holding company for ServisFirst Bank posted revenue of $64.1 million in the period. Its adjusted revenue was $56.6 million.

ServisFirst shares have declined 8.5 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $34.27, a rise of 44 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SFBS at https://www.zacks.com/ap/SFBS

Keywords: ServisFirst Bancshares, Earnings Report