The authorization covers a three-year window, remaining active until Dec. 31, 2027. This move follows a period of market fluctuation for the firm, which operates ServisFirst Bank across a footprint spanning eight states, including Florida, Georgia, and Texas. Currently, the company maintains 109.3 million shares outstanding, with a public float of 102.1 million shares.
In section Market Quotes
ServisFirst Bancshares Launches Maiden Share Buyback Program
With a market capitalization of $4.21 billion, ServisFirst Bancshares is moving to tighten its share supply. The board of the Alabama-based holding company officially greenlit its first-ever stock repurchase program, authorizing the buyback of up to 2 million shares as it looks to manage its equity base through the end of 2027.
Investors reacted to the news amid broader trading pressures. Shares of the bank closed at $38.07 in the latest session, marking a 1.3% decline. By initiating this program, the company provides a mechanism to return value to shareholders, signaling confidence in its long-term financial position despite recent price volatility.
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