ServisFirst Bancshares rises after Q4 profit beats expectations

Shares of regional lender ServisFirst Bancshares SFBS.N rise 13.36% to $86.53

Late Tuesday, SFBS reported Q4 profit above Wall Street expectations, helped by higher net interest income and borrowings

SFBS posted Q4 net income of $86.4 million, above analysts' estimates of $75.6 million - data compiled by LSEG

Loans grew by $384.9 million, or 12% annualized, during the quarter

Reported Q4 net interest income of $146.5 million, above analysts' estimates of $141.9 million

Three of three brokerages rate the stock "buy" or "strong buy"; their median PT is $89 - LSEG

Including session's move, SFBS down 4.4% in the last 12 months