ServisFirst Bancshares, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported total interest income of $72,060,000 compared to $56,200,000 a year ago. Net interest income was $61,408,000 compared to $49,109,000 a year ago. Net interest income after provision for losses was $52,353,000 compared to $45,034,000 a year ago. Income before income tax was $36,003,000 compared to $29,036,000 a year ago. Net income available to common stockholders was $21,119,000 or $0.39 per diluted share compared to $21,714,000 or $0.40 per diluted share a year ago. Book value per share as at December 31, 2017 was $11.47 against $9.93 a year ago. Tangible book value per share as at December 31, 2017 was $11.19 against $9.65 a year ago. Return on average assets was 1.20% compared to 1.39% a year ago. Return on average common stockholders' equity was 13.97% compared to 16.71% a year ago. Core net income - non-GAAP was $24,424,000. Core return on average assets - non-GAAP was 1.39%. Core net income available to common stockholders - non-GAAP was $24,393,000. Core return on average common stockholders' equity - non-GAAP was 16.13%. Core diluted earnings per share - non-GAAP was $0.45.

For the year, the company reported total interest income of $262,756,000 compared to $212,902,000 a year ago. Net interest income was $227,423,000 compared to $187,097,000 a year ago. Net interest income after provision for losses was $204,198,000 compared to $173,699,000 a year ago. Income before income tax was $137,350,000 compared to $110,818,000 a year ago. Net income available to common stockholders of $93,030,000 or $1.72 per diluted share compared to $81,432,000 or $1.52 per diluted share a year ago. Return on average assets was 1.43% compared to 1.42% a year ago. Return on average common stockholders' equity was 16.37% compared to 16.63% a year ago. Core net income available to common stockholders was $96,304,000 or $1.78 per diluted share compared to $81,432,000 or $1.52 per diluted share a year ago. Core return on average assets was 1.48% compared to 1.42% a year ago. Core return on average common stockholders equity was 16.95% compared to 16.63% a year ago. Core net income - non-GAAP was $96,366,000. Core return on average assets - non-GAAP was 1.48%. Core net income available to common stockholders - non-GAAP was $96,304,000. Core return on average common stockholders' equity - non-GAAP was 16.95%. Core diluted earnings per share - non-GAAP was $1.78.

For the quarter, the company reported net charge-offs of $8,108,000 against $1,115,000 a year ago.