Bill Peters is a Los Angeles-based MarketWatch reporter who covers earnings.
Shares of ServisFirst Bancshares Inc.
a bank with offices in the southern U.S., fell 7.5% after hours on Monday after the company reported third-quarter net interest income that came in below Wall Street’s expectations. The bank reported net interest income of $99.7 million, below FactSet estimates for $102.5 million. “Net interest income was negatively impacted by the continued narrowing in net interest spread due to Federal Reserve increases in interest rates over the last year,” the company said.
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