Equibles does not estimate personal net worth.
Earlier roles on record: CFO at ServisFirst Bancshares, Inc. (SFBS) until November 2, 2023. ServisFirst Bancshares, Inc. reported in an 8-K filed November 2, 2023 that Bud Foshee retired as Chief Financial Officer. Bud Foshee has spoken on 11 earnings calls across 1 company, most recently for ServisFirst Bancshares, Inc. on April 17, 2023. The companies whose calls Bud Foshee spoke on are classified in the Financial Services sector.
“On November 1, 2023, William "Bud" Foshee, Chief Financial Officer of ServisFirst Bancshares, Inc. ("ServisFirst"), notified the Board of Directors ("Board") of ServisFirst that he will retire from the position of Chief Financial Officer effective after the filing of the Form 10-K in February of 2024.”
“For earnings, we kicked off 2023 with strong earnings in the first quarter as we continued to build capital and liquidity. Diluted earnings per share increased 7% compared to the first quarter of 2022 when adjusting for income on PPP loans.”
“Liquidity, our liquid assets increased by $470 million from September 30 to December 31. We expect this positive trend to continue in 2023, as we anticipate low double-digit deposit growth versus high single-digit loan growth.”
“In mid-June, we decided to make investment purchases due to our strong loan growth. During the third quarter, we reinvested $76 million from maturities and mortgage-backed paydowns into higher-yielding loans.”
“Liquidity; we will continue to evaluate our monthly investment purchase plan based on the bank’s excess funds. Net investment security growth in the second quarter was $172 million.”
“As part of our strategy, in deploying some of our excess liquidity, we’re changing our monthly investment purchase plan. In the future, we’ll purchase a combined total of $75 million in securities: $25 million of that will be 10-year mortgage backed and $50 million will be 2-year treasuries.”
Start not stated–2023-11-02
Banks - Regional · Financial Services
CFO
