BIRMINGHAM, Ala. (AP) _ ServisFirst Bancshares Inc. (SFBS) on Monday reported fourth-quarter profit of $53.8 million.

The Birmingham, Alabama-based company said it had net income of 99 cents per share. Earnings, adjusted for non-recurring costs, were $1.03 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 98 cents per share.

The holding company for ServisFirst Bank posted revenue of $116.3 million in the period. Its adjusted revenue was $108.5 million, also topping Street forecasts. Three analysts surveyed by Zacks expected $108.1 million.

For the year, the company reported profit of $207.7 million, or $3.82 per share. Revenue was reported as $418 million.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SFBS at https://www.zacks.com/ap/SFBS

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