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Dec 31, 2020
First Bancshares Q4 2020 Earnings Report
Reported an increase in net income and operating earnings for the fourth quarter of 2020.
Key Takeaways
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.
Net income available to common shareholders totaled $15.3 million, a 29.4% increase compared to Q4 2019.
Operating earnings (non-GAAP) increased 5.1% to $13.8 million compared to Q4 2019.
Fully diluted earnings per share were $0.72, compared to $0.64 for Q4 2019.
The Board of Directors declared a cash dividend of $0.13 per share.
First Bancshares
First Bancshares
Forward Guidance
The Company believes that it is well positioned to take advantage of new growth opportunities as our economy continues to heal from the effects of the pandemic.