ServisFirst Bancshares, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Note 19 - Earnings Per Common Share

Note 19 - Earnings Per Common Share

12 Months Ended

Dec. 31, 2021

NOTE 19. EARNINGS PER COMMON SHARE

Basic earnings per common share are computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per common share include the dilutive effect of additional potential common shares issuable pursuant to the exercise of stock options or vesting of performance shares. The difference in earnings per share under the two-class method was not significant at December 31, 2021, 2020 and 2019.

	Year Ended December 31,
	2021		2020		2019
	(Dollar Amounts In Thousands Except Per Share Amounts)
Earnings Per Share
Weighted average common shares outstanding		54,160,990		53,844,482		53,530,766
Net income available to common stockholders	$	207,672	$	169,506	$	149,180
Basic earnings per common share	$	3.83	$	3.15	$	2.79

Weighted average common shares outstanding		54,160,990		53,844,482		53,530,766
Dilutive effects of assumed exercise of stock options and vesting of performance shares		273,583		374,555		572,308
Weighted average common and dilutive potential common shares outstanding		54,434,573		54,219,037		54,103,074
Net income available to common stockholders	$	207,672	$	169,506	$	149,180
Diluted earnings per common share	$	3.82	$	3.13	$	2.76