11:14 AM EDT, 04/23/2024 (MT Newswires) -- (Updates with the latest stock movement in the headline and first paragraph.)

ServisFirst Bancshares' ( SFBS ) stock jumped 9.3% in recent Tuesday trading after the company posted better-than-expected Q1 results.

The company reported Q1 adjusted earnings late Monday of $0.94 per diluted share, down from $1.06 a year earlier. Analysts polled by Capital IQ expected $0.86.

Revenue, calculated as the sum of net interest income and noninterest income, fell to $111.3 million in the three months ended March 31 from $114.6 million a year earlier. Analysts expected $109 million.

Price: 66.63, Change: +5.33, Percent Change: +8.69