Loading...
•
Sep 30, 2020
First Bancshares Q3 2020 Earnings Report
Reported results for the third quarter, with net income decreasing slightly year-over-year but pre-tax, pre-provision income increasing.
Key Takeaways
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%.
Average loans increased $9.1 million, or 0.3% for the sequential quarter comparison.
Average deposits increased $143.2 million, or 3.5% for the sequential quarter comparison.
Pre-tax, pre-provision operating earnings increased 26.5% year-over-year.
The company issued $65 million in aggregate principal amount of subordinated debt.
Forward Guidance
No specific forward guidance was provided in the report.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...