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, 2022

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 and vesting of performance shares. The difference in earnings per share under the two-class method was not significant at December 31, 2022, 2021 and 2020.

	Year Ended December 31,
	2022		2021		2020
	(Dollar Amounts In Thousands Except Per Share Amounts)
Earnings Per Share
Weighted average common shares outstanding		54,300,366		54,160,990		53,844,482
Net income available to common stockholders	$	251,442	$	207,672	$	169,506
Basic earnings per common share	$	4.63	$	3.83	$	3.15

Weighted average common shares outstanding		54,300,366		54,160,990		53,844,482
Dilutive effects of assumed exercise of stock options and vesting of performance shares		234,408		273,583		374,555
Weighted average common and dilutive potential common shares outstanding		54,534,774		54,434,573		54,219,037
Net income available to common stockholders	$	251,442	$	207,672	$	169,506
Diluted earnings per common share	$	4.61	$	3.82	$	3.13