First Bancshares Earnings Reports

The First Bancshares, Inc. reported net income available to common shareholders of $18.3 million for Q4 2024, a decrease of 1.5% compared to the previous quarter. Total loans increased by $88.6 million, representing an annualized growth of 6.7%. The annualized net interest margin increased by 4 basis points to 3.37%.

The First Bancshares, Inc. reported a net income available to common shareholders of $18.6 million for the quarter ended September 30, 2024, a decrease of 5.7% compared to the previous quarter. Total loans increased by $67.7 million, and the annualized net interest margin increased by 7 basis points to 3.33%. The company also announced a definitive merger agreement with Renasant Corporation, expected to close in the first half of 2025.

The First Bancshares, Inc. reported a net income available to common shareholders of $19.7 million for the quarter ended June 30, 2024. Pre-tax pre-provision operating earnings (non-GAAP) totaled $27.4 million for the same period. Total loans increased by $110.9 million, and the annualized net interest margin increased by 6 basis points to 3.26%.

The First Bancshares, Inc. reported a net income available to common shareholders of $20.6 million for the quarter ended March 31, 2024, representing an increase of 86.7% compared to the previous quarter. Total deposits increased by $247.5 million, or 3.8%, while total loans decreased by $30.1 million. The annualized net interest margin decreased slightly to 3.20%.

The First Bancshares, Inc. reported a net income available to common shareholders of $11.0 million for Q4 2023, a decrease of 54.7% compared to the previous quarter. The decrease was partially attributable to a pre-tax loss of $9.7 million on the sale of available-for-sale securities and other one-time items.

The First Bancshares, Inc. reported a solid performance in Q3 2023 with net income available to common shareholders totaling $24.4 million, a 2.4% increase compared to the previous quarter. Loan growth was positive at 6.3% annualized, and credit metrics remained strong. Deposit costs increased, but remained well-contained.

The First Bancshares reported a strong second quarter with net income available to common shareholders totaling $23.8 million, representing a 46.1% increase compared to the previous quarter. Total loans increased by $41.1 million, and the annualized net interest margin increased by 13 bps to 3.76%.

The First Bancshares reported net income available to common shareholders of $16.3 million for the quarter ended March 31, 2023, which remained flat compared to the previous quarter; excluding one-time items, operating net earnings available to common shareholders increased by $9.9 million, or 57.8%, to $27.1 million.

First Bancshares reported a net income available to common shareholders of $16.3 million for Q4 2022, representing a 16.0% increase compared to the previous quarter. The company closed its acquisition of Heritage Southeast Bancorporation effective January 1, 2023, and completed the systems conversion related to the acquisition of Beach Bancorp, Inc.

The First Bancshares, Inc. reported a net income available to common shareholders of $14.0 million for the quarter ended September 30, 2022. The company closed its acquisition of Beach Bancorp, Inc. effective August 1, 2022, and entered into a definitive agreement to acquire Heritage Southeast Bancorporation, Inc. during the quarter.

The First Bancshares completed its acquisition of Beach Bancorp, Inc., expanding its market share in Northwest Florida and establishing a presence in Tampa. The combined company now has approximately $6.7 billion in total assets, $5.8 billion in total deposits and $3.6 billion in total loans.

The First Bancshares, Inc. reported a net income available to common shareholders of $16.8 million for the quarter ended March 31, 2022, representing an increase of $1.0 million, or 6.6%, compared to the previous quarter. The company also announced a definitive agreement to acquire Beach Bancorp, Inc. which will deepen their presence in Florida.

First Bancshares, Inc. reported net income available to common shareholders of $15.8 million for Q4 2021. The company closed its acquisition of seven branches from Cadence Bank and was notified of eligibility to receive $175 million under the Emergency Capital Investment Program.

First Bancshares reported net income available to common shareholders of $16.1 million for the quarter ended September 30, 2021, representing an increase of $0.5 million, or 3.4%, compared to the quarter ended June 30, 2021. The company recognized $0.4 million more in PPP loan fee income during the third quarter 2021 as compared to the second quarter 2021.

The First Bancshares, Inc. reported a net income available to common shareholders of $15.6 million for the quarter ended June 30, 2021, representing a decrease of $1.0 million, or 6.3%, compared to the previous quarter. However, net income available to common shareholders operating totaled $15.6 million, an increase of $4.4 million, or 38.9%, compared to the second quarter of 2020.

First Bancshares reported a strong first quarter with net income available to common shareholders totaling $16.6 million, a 100.3% increase compared to the first quarter of 2020. The company's board also declared an 8% increase in the quarterly cash dividend.

The First Bancshares, Inc. reported a net income available to common shareholders of $15.3 million for Q4 2020, representing a 29.4% increase compared to Q4 2019. Operating earnings (non-GAAP) increased 5.1% to $13.8 million compared to the same period last year. The company's Board of Directors declared a cash dividend of $0.13 per share.

First Bancshares reported a slight decrease in net income available to common shareholders compared to the same quarter last year, but pre-tax, pre-provision operating earnings increased. The company also increased its quarterly dividend by 20%.

The First Bancshares, Inc. reported a 41.4% increase in net income available to common shareholders for the quarter ended June 30, 2020, compared to the same quarter in 2019, driven by the acquisition of Southwest Georgia Bank and growth in loans and deposits.

The First Bancshares, Inc. reported a strong quarter with an 8.9% increase in net income available to common shareholders. The company experienced solid loan and deposit growth, with improvements in net interest income and pre-tax, pre-provision earnings.

The First Bancshares, Inc. reported a 72.8% increase in net income available to common shareholders in quarterly comparison and an increase in the quarterly dividend.