First Bancshares

First Bancshares, Inc. (Mississippi) operates as a bank holding company. It provides banking services such as personal and business which include checking, savings, and loans, cards, and others. It operates through the following segments: Commercial/Retail Bank, Mortgage Banking, and Holding Company. The Commercial/Retail Bank segment provides a full range of commercial banking services to corporations and other business customers. Loans are provided for a variety of general corporate purposes, including financing for commercial and industrial projects, income producing commercial real estate, owner-occupied real estate and construction and land development. The Mortgage Banking segment provides residential mortgage banking services, including construction financing, for conventional and government insured home loans to be sold in the secondary market. The company was founded in 1996 and is headquartered in Hattiesburg, MS.

Earnings data Q1 2021

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Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

First Bancshares (FBMS) reports strong 2022 performance and strategic growth

First Bancshares (FBMS) delivered a strong performance in 2022, with robust loan growth and strategic acquisitions driving asset expansion.
While facing challenges in the Heritage integration and expense management, the bank's focus on asset quality and strategic balance sheet management positions it for sustained growth.
Opportunities lie in increasing the loan-to-deposit ratio, focusing on organic growth, and capitalizing on market opportunities to achieve targeted earnings growth.

First Bancshares excels in Q1, eyes $10B assets milestone

First Bancshares delivered strong financial performance, managed credit risks effectively, and is strategically positioning itself for growth. They are focused on integrating recent acquisitions, optimizing operations, and navigating regulatory expectations.

First Bancshares (FBMS) posts strong Q2 earnings, eyes Southeast expansion

First Bancshares (FBMS) reported a robust performance in Q2 2023, showcasing resilience in earnings and balance sheet strength.
The company's strategic focus on credit quality, expense management, and growth opportunities positions it well for future success.
While challenges exist in a competitive market environment, First Bancshares is poised to capitalize on opportunities for expansion and efficiency.
Overall, First Bancshares remains committed to driving growth, enhancing shareholder returns, and pursuing strategic acquisitions for long-term success.

First Bancshares reports mixed Q3 performance, eyes growth opportunities

First Bancshares (FBMS) reported a mixed performance with increased net income but decreased operating income. Strong loan growth and credit quality were notable strengths, while challenges included margin compression and rising deposit costs.
Opportunities lie in leveraging liquidity for strategic investments, community development initiatives, and revenue diversification. The company's focus on franchise growth and grant programs aligns with its commitment to underserved markets.
Overall, First Bancshares remains well-positioned with stable capital ratios and a focus on sustainable growth. Navigating challenges in net interest margins and maximizing opportunities for revenue growth will be key focus areas moving forward.
The company's performance reflects resilience amidst market dynamics, with a strategic emphasis on community development and financial stability. Continued efforts in loan growth and operational efficiency are crucial for sustained success.

First Bancshares faces margin challenges but sees growth opportunities ahead

First Bancshares navigated challenges of margin compression and increased expenses to achieve strong loan growth and credit quality improvements. Strategic moves in personnel and bond restructuring position the company for potential margin expansion and continued performance in key markets.

First Bancshares (FBMS) reports strong Q1 earnings and growth opportunities

First Bancshares (FBMS) delivered strong financial performance with increased earnings and stable credit quality.
The company demonstrated confidence through dividend and tangible book value growth, while facing challenges in loan balances.
Opportunities lie in growing loan pipeline and optimizing efficiency, supported by strong liquidity and credit quality.
Strategic capital management will be crucial to sustaining performance and navigating evolving market conditions.

First Bancshares (FBMS) reports solid Q2 performance amidst growth

First Bancshares demonstrated resilience and strategic management in the face of economic challenges.
While facing short-term hurdles, the company's strong fundamentals and liquidity position bode well for future growth.
Strategic focus on optimizing margins, managing costs, and maintaining credit quality will be key to sustained success.

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First Bancshares, Inc. is a bank holding company, which engages in banking services such as personal and business, which include checking, savings, and loans, cards, and others. It operates through the following segments: Commercial, Financial and Agriculture, Commercial Real Estate, Consumer Real Estate, and Consumer Installment. The Commercial, Financial and Agriculture segment provides loans to business entities issued for commercial, industrial, or other business purposes. The Commercial Real Estate segment offers loans that are grouped as such because repayment is mainly dependent upon either the sale of the real estate, operation of the business occupying the real estate, or refinance of the debt obligation. The Consumer Real Estate segment includes loans secured by 1-4 family residential properties and/or residential lots. The Consumer Installment segment focuses on the l loans issued to individuals that are not for any purpose related to operation of a business, and not secured by real estate. The company was founded in 1996 and is headquartered in Hattiesburg, MS.

The First Bancshares (FBMS) came out with quarterly earnings of $0.65 per share, beating the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.76 per share a year ago.

The First Bancshares (FBMS) Tops Q3 Earnings Estimates

HATTIESBURG, Miss.--(BUSINESS WIRE)--The First Bancshares, Inc. (“FBMS” or “the Company”) (NYSE: FBMS), holding company for The First Bank, (www.thefirstbank.com) reported today financial results for the quarter ended September 30, 2024. Highlights for the Quarter: Net income available to common shareholders totaled $18.6 million for the quarter ended September 30, 2024, representing a decrease of 5.7% when compared to $19.7 million for the quarter ended June 30, 2024. The Company recorded $1.0.

The First Bancshares, Inc. Reports Results for Third Quarter Ended September 30, 2024

HATTIESBURG, Miss.--(BUSINESS WIRE)--The First Bancshares, Inc. (“The First”) (NYSE: FBMS), holding company for The First Bank, (www.thefirstbank.com), announced today that the previously announced merger between The First and Renasant Corporation (“Renasant”), pursuant to the Agreement and Plan of Merger, dated as of July 29, 2024, (the “Merger Agreement”), has been approved by its shareholders. Completion of the transaction remains subject to customary closing conditions, including the receip.

The First Bancshares, Inc. Announces Receipt of Shareholder Approval for Merger

PetIQ

NEW YORK, NY / ACCESSWIRE / October 9, 2024 / Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating: PetIQ, Inc. (Nasdaq: PETQ ), relating to its proposed merger with Bansk Group.

SHAREHOLDER ALERT: The M&A Class Action Firm Investigates the Mergers and Upcoming Votes of PETQ and FBMS

NEW YORK, NY / ACCESSWIRE / October 8, 2024 / Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating: PetIQ, Inc. (NASDAQ: PETQ ), relating to its proposed merger with Bansk Group.

STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Mergers and Imminent Votes of PETQ and FBMS

NEW YORK, NY / ACCESSWIRE / October 7, 2024 / Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating: PetIQ, Inc. (Nasdaq: PETQ ), relating to its proposed merger with Bansk Group.

STOCKHOLDER ALERT: The M&A Class Action Firm Investigates the Mergers and Imminent Votes of PETQ and FBMS

Renasant

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of The First Bancshares, Inc. (NYSE: FBMS) to Renasant Corporation (NYSE: RNST). Under the terms of the proposed transaction, shareholders of First will receive 1.00 share of Renasant for each share of First that they own. KSF is seeking to determine whether this consideration and the process that led to it are a.

THE FIRST BANCSHARES INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of The First Bancshares, Inc. - FBMS

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of The First Bancshares, Inc. (NYSE: FBMS) to Renasant Corporation for 1.00 share of Renasant common stock for each share of First Bancshares common stock is fair to First Bancshares shareholders. Halper Sadeh encourages First Bancshares shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halper.

FBMS Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of The First Bancshares, Inc. Is Fair to Shareholders

The First Bancshares (FBMS) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

The First Bancshares (FBMS) Upgraded to Buy: What Does It Mean for the Stock?

NEW YORK, July 30, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating The First Bancshares, Inc . ( NYSE: FBMS ) , relating to its proposed merger with Renasant Corp. Under the terms of the agreement, each share of First Bancshares stock will be converted into the right to receive 1 share of Renasant common stock.

SHAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of The First Bancshares, Inc. – FBMS

MILWAUKEE , July 29, 2024 /PRNewswire/ -- Ademi LLP is investigating The First (NYSE: FBMS) for possible breaches of fiduciary duty and other violations of law in its transaction with Renasant. Click here to learn how to join our investigation https://www.ademilaw.com/case/first-bancshares-inc or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether The First Bancshares, Inc. has obtained a Fair Price for its Public Shareholders

TUPELO, Miss.--(BUSINESS WIRE)--Renasant Corporation (NYSE: RNST) (“Renasant”) and The First Bancshares, Inc. (“The First”) (NYSE: FBMS) jointly announced today that they have entered into a definitive agreement and plan of merger, pursuant to which The First will merge with and into Renasant (the “Merger”) in an all-stock transaction valued at approximately $1.2 billion, based on Renasant's closing stock price as of July 26, 2024. The Merger has been approved unanimously by each company's boar.

Renasant Corporation to Acquire The First Bancshares, Inc.

The First Bancshares, Inc. (NYSE:FBMS ) Q2 2024 Earnings Conference Call July 25, 2024 11:00 AM ET Company Participants Milton Cole - Chairman & Chief Executive Officer Donna Lowery - Chief Financial Officer JJ Fletcher - Chief Lending Officer George Noonan - Chief Credit Officer Conference Call Participants Matt Olney - Stephens Brett Rabatin - Hovde Group Catherine Mealor - KBW Christopher Marinac - Janney Montgomery Scott LLC Matt Olney - Stephens Operator Good day, and thank you for standing by. Welcome to the review of Second Quarter 2024 Financial Results.

The First Bancshares, Inc. (FBMS) Q2 2024 Earnings Call Transcript

The First Bancshares (FBMS) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.61 per share. This compares to earnings of $0.85 per share a year ago.

The First Bancshares (FBMS) Q2 Earnings and Revenues Top Estimates

HATTIESBURG, Miss.--(BUSINESS WIRE)--The First Bancshares, Inc. (“FBMS” or “the Company”) (NYSE: FBMS), holding company for The First Bank, (www.thefirstbank.com) reported today financial results for the quarter ended June 30, 2024. Highlights for the Quarter: Net income available to common shareholders totaled $19.7 million for the quarter ended June 30, 2024, representing a decrease of 4.5% when compared to $20.6 million for the quarter ended March 31, 2024. The Company recorded $1.7 million.

The First Bancshares, Inc. Reports Results for Second Quarter ended June 30, 2024

The First Bancshares (FBMS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: The First Bancshares (FBMS) Q2 Earnings Expected to Decline

HATTIESBURG, Miss.--(BUSINESS WIRE)--The First Bancshares, Inc. (“FBMS” or “the Company”) (NYSE: FBMS), holding company for The First Bank, (www.thefirstbank.com) will announce 2024 second quarter results following the NYSE's closing on Wednesday, July 24, 2024. The Company will hold executive management's quarterly conference call on Thursday, July 25, 2024 at 11:00 AM Eastern Time (10:00 AM Central Time). The webcast is accessible by clicking on the following link: https://register.vevent.com.

The First Bancshares, Inc. Announces 2024 Second Quarter Call Information

HATTIESBURG, Miss.--(BUSINESS WIRE)--The First Bancshares, Inc. (NASDAQ: FBMS), the parent company of The First Bank, announced today that it is transferring the listing of its common stock to the New York Stock Exchange (NYSE) from The Nasdaq Stock Market LLC (Nasdaq). The First Bancshares' common stock is expected to begin trading on the NYSE on Thursday, May 30, 2024, under the ticker symbol of “FBMS.” The First Bancshares expects its common stock to continue to trade on Nasdaq until the clo.

The First Bancshares, Inc. Announces Transfer of Listing of Common Stock to the New York Stock Exchange

HATTIESBURG, Miss.--(BUSINESS WIRE)--The First Bancshares, Inc. (NASDAQ: FBMS), holding company for The First Bank, (www.thefirstbank.com) will participate in the 2024 Gulf South Bank Conference, which is being held April 29, 2024 through April 30, 2024 at the Four Seasons Hotel, New Orleans, Louisiana and will have one-on-one meetings with certain bank stock analysts and investors. The presentation prepared for use during these meetings is available at the company's website www.thefirstbank.co.

The First Bancshares to Participate in 2024 Gulf South Bank Conference

The First Bancshares (FBMS) came out with quarterly earnings of $0.65 per share, beating the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.86 per share a year ago.

The First Bancshares (FBMS) Surpasses Q1 Earnings and Revenue Estimates

HATTIESBURG, Miss.--(BUSINESS WIRE)--The First Bancshares, Inc. (“FBMS” or “the Company”) (NASDAQ: FBMS), holding company for The First Bank, (www.thefirstbank.com) reported today financial results for the quarter ended March 31, 2024. Highlights for the Quarter: Net income available to common shareholders totaled $20.6 million for the quarter ended March 31, 2024, representing an increase of 86.7% when compared to $11.0 million for the quarter ended December 31, 2023. Several one-time items ar.

The First Bancshares, Inc. Reports Results for First Quarter ended March 31, 2024

HATTIESBURG, Miss.--(BUSINESS WIRE)--The First Bancshares, Inc. (“FBMS” or “the Company”) (NASDAQ: FBMS), holding company for The First Bank, (www.thefirstbank.com) will announce 2024 first quarter results following the NASDAQ's closing on Wednesday, April 24, 2024. The Company will hold executive management's quarterly conference call on Thursday, April 25, 2024 at 11:00 AM Eastern Time (10:00 AM Central Time). The webcast is accessible by clicking on the following link: https://register.veven.

The First Bancshares, Inc. Announces 2024 First Quarter Call Information

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HATTIESBURG, Miss.--(BUSINESS WIRE)--The First Bancshares, Inc. (NASDAQ: FBMS) (“First Bancshares” or the “Company”), the holding company for The First Bank, announced today that the Company's board of directors has approved a new share repurchase program for the 2024 calendar year. Under the program, the Company may, but is not required to, from time to time repurchase up to $50 million of shares of its common stock in any manner determined appropriate by the Company's management. The actual t.

The First Bancshares, Inc. Announces New Share Repurchase Plan

HATTIESBURG, Miss.--(BUSINESS WIRE)--The First Bancshares, Inc. (NASDAQ: FBMS), holding company for The First Bank, (www.thefirstbank.com) will participate in the Janney CEO Forum which is being held January 31, 2024 - February 1, 2024 at the Hyatt Regency Resort & Spa at Gainey Ranch, Scottsdale, Arizona, and will have one-on-one meetings with certain bank stock analysts and investors. The presentation prepared for use during these meetings is available at the company's website www.thefirs.

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