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Jun 30, 2021
First Bancshares Q2 2021 Earnings Report
Reported results for the second quarter of 2021.
Key Takeaways
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.
Loans, excluding Paycheck Protection Program (PPP) loans, increased $45.5 million, 1.6% as compared to the quarter ended March 31, 2021, or 6.4% on an annualized basis.
Net income available to common shareholders totaled $15.6 million for the quarter ended June 30, 2021, representing a decrease of $1.0 million, or 6.3%, compared to $16.6 million for the quarter ended March 31, 2021.
Total cost of deposits decreased 19% from 0.37% at quarter end March 31, 2021 to 0.30% at quarter end June 30, 2021.
The Board of Directors declared a cash dividend of $0.15 per share to be paid on its common stock on August 25, 2021 to shareholders of record as of the close of business on August 10, 2021.
First Bancshares
First Bancshares
First Bancshares Revenue by Segment
Revenue by Segment
Loans, including fees Revenue
CapyFin.comInvestment securities Revenue
CapyFin.com