ServisFirst Bancshares soars after strong Q2 loan growth
** Shares of lender ServisFirst Bancshares SFBS.N jump as much as 15%, last up 13.6% at $80.50
** Late on Monday, SFBS posted Q2 adjusted profit of 95 cents/shr, beating analysts' expectation of 91 cents/shr - LSEG
** SFBS saw strong loan and deposit growth in the quarter
** Loans grew 6% to $12.33 bln, while deposits shot up 8% to $13.26 bln compared to last year
** Raymond James analysts say the loan growth was stronger than expected as the loan pipeline continues to improve
** They add that SFBS' net interest margin, a key measure of lending profitability, is likely to continue to expand as deposits costs stabilize
** Including session moves, SFBS up 22% YTD
Reporting by Arasu Kannagi Basil in Bengaluru
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