ServisFirst Bancshares, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported total interest income of $56,200,000 compared to $48,451,000 a year ago. Net interest income was $49,109,000 compared to $43,161,000 a year ago. The increase in net interest income on a linked quarter basis is attributable to a $126.1 million increase in average loans outstanding, a $39.3 million increase in average non-interest-bearing deposits and a $17.6 million increase in average stockholders' equity, all resulting in a positive mix change in the balance sheet. Net interest income after provision for losses was $45,034,000 compared to $39,853,000 a year ago. Income before income tax was $29,036,000 compared to $24,326,000 a year ago. Net income available to common stockholders was $21,714,000 or $0.40 per diluted share compared to $19,726,000 or $0.39 per diluted share a year ago. Return on average assets was 1.39% compared to 1.55% a year ago. Return on average common stockholders' equity was 16.71% compared to 17.75% a year ago.

For the year, the company reported total interest income of $212,902,000 compared to $179,975,000 a year ago. Net interest income was $187,097,000 compared to $162,271,000 a year ago. Net interest income after provision for losses was $173,699,000 compared to $149,424,000 a year ago. Income before income tax was $110,818,000 compared to $89,005,000 a year ago. Net income available to common stockholders of $81,432,000 or $1.52 per diluted share compared to $63,260,000 or $1.20 per diluted share a year ago. Return on average assets was 1.42% compared to 1.38% a year ago. Return on average common stockholders' equity was 16.63% compared to 15.30% a year ago. Core net income available to common stockholders was $81,432,000 or $1.52 per diluted share compared to $65,027,000 or $1.23 per diluted share a year ago. Core return on average assets was 1.42% compared to 1.42% a year ago. Core return on average common stockholders equity was 16.63% compared to 15.73% a year ago. Book value per share as at December 31, 2016 was $9.93 against $8.65 a year ago. Tangible book value per share as at December 31, 2016 was $9.65 against $8.35 a year ago.

For the quarter, the company reported net charge-offs of $1,115,000 against $2,463,000 a year ago.