Business & Tech
ServisFirst Awarded Raymond James Community Bankers Cup
Birmingham-based ServisFirst Bank was recognized as one of the top community banks in the country.
BIRMINGHAM, AL - Birmingham-based ServisFirst Bancshares, Inc. announced today that it has received the 2018 Raymond James Community Bankers Cup, which recognizes the top 10 percent of community banks. For the fifth year in a row, ServisFirst has been ranked in the top five community banks.
ServisFirst is the only bank in the Southeast to receive the 2018 award. The bank ranked fourth out of 258 community banks nationwide that are exchange-traded domestic banks with assets between $500 million and $10 billion as of December 31, 2018. Each bank's performance was judged by various metrics regarding profitability, operational efficiency and the balance sheet.
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The six financial performance and stability measures include nonperforming assets to loans and real estate owned, five-year average core deposit percentage, net interest margin, efficiency ratio, return on average assets and return on average tangible common equity.
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