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Servisfirst Bancshares (Servisfirst Bancshares) Effective Interest Rate on Debt % : 786.96% (As of Dec. 2023)


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What is Servisfirst Bancshares Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Servisfirst Bancshares's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $509.5 Mil. Servisfirst Bancshares's average total debt for the quarter that ended in Dec. 2023 was $64.7 Mil. Therefore, Servisfirst Bancshares's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 786.96%.


Servisfirst Bancshares Effective Interest Rate on Debt % Historical Data

The historical data trend for Servisfirst Bancshares's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Servisfirst Bancshares Effective Interest Rate on Debt % Chart

Servisfirst Bancshares Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 159.48 78.77 49.13 136.63 621.51

Servisfirst Bancshares Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 448.87 543.39 701.27 786.96 767.52

Competitive Comparison of Servisfirst Bancshares's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Servisfirst Bancshares's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Servisfirst Bancshares's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Servisfirst Bancshares's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Servisfirst Bancshares's Effective Interest Rate on Debt % falls into.



Servisfirst Bancshares Effective Interest Rate on Debt % Calculation

Servisfirst Bancshares's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -402.309/( (64.726+64.735)/ 2 )
=-1  *  -402.309/64.7305
=621.51 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=64.726 + 0
=64.726

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=64.735 + 0
=64.735

Servisfirst Bancshares's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -509.5/( (64.751+64.735)/ 2 )
=-1  *  -509.5/64.743
=786.96 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=64.751 + 0
=64.751

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=64.735 + 0
=64.735

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Servisfirst Bancshares  (NYSE:SFBS) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Servisfirst Bancshares Effective Interest Rate on Debt % Related Terms

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Servisfirst Bancshares (Servisfirst Bancshares) Business Description

Traded in Other Exchanges
N/A
Address
2500 Woodcrest Place, Birmingham, AL, USA, 35209
Servisfirst Bancshares Inc is a bank holding company. It originates commercial, consumer and other loans and accepts deposits, provides electronic banking services, such as online and mobile banking, including remote deposit capture, delivers treasury and cash management services, and provides banking services to other financial institutions. The company offers a range of products and services which include telephone banking, direct deposit, Internet banking, mobile banking, boxes, and automatic account transfers.
Executives
Rodney Eldon Rushing officer: EVP-Correspondent Banking 2500 WOODCREST PLACE, BIRMINGHAM AL 35209
Kirk Pressley officer: EVP, Strategic Planning 2500 WOODCREST PLACE, BIRMINGHAM AL 35209
Thomas A Broughton director, officer: President and CEO 4229 OLD BROOK TRAIL, BIRMINGHAM AL 35243
Irma Loya Tuder director 116 CLIFTS COVE, MADISON AL 35758
Smith Hatton C.v. director 160 CLEAGE DRIVE, BIRMINGHAM AL 35217
Elizabeth Bugg Holloway director 7 MONTCREST DRIVE, BIRMINGHAM AL 35213
James J Filler director 2964 SHOOK HILL PARKWAY, BIRMINGHAM AL 35223
William M Foshee officer: EVP & CFO 5120 STRATFORD ROAD, BIRMINGHAM AL 35242
J. Richard Cashio director 3200 STERLING ROAD, BIRMINGHAM AL 35213
Henry Fulbrook Abbott officer: SVP, Chief Credit Officer 2500 WOODCREST PLACE, BIRMINGHAM AL 35209
Andrew N Kattos officer: EVP, Huntsville Pres. of Bank P. O. BOX 18127, HUNTSVILLE AL 35804
G. Carlton Barker officer: EVP, Montgomery Pres. of Bank P. O. BOX 4008, MONTGOMERY AL 36104
Pouncey Clarence C. Iii officer: Executive VP and COO P. O. BOX 1508, BIRMINGHAM AL 35201-1508
Morris Buford Harrison Iii officer: EVP - Regional CEO 3207 FOXRIDGE ROAD, DOTHAN AL 36303
Rex D Mckinney officer: CEO - ServisFirst Bk Pensacola SERVISFIRST BANK, 316 S BAYLEN ST, STE 100, PENSACOLA FL 35202

Servisfirst Bancshares (Servisfirst Bancshares) Headlines