Sector: Financials | Industry: Banks |
See Regulatory Filings on SEC |
Company Contact | |
Address: | SUITE A, 6480 US HIGHWAY 98 WEST HATTIESBURG MS 39402 |
Tel: | 1-601-7051141 |
Website: | https://www.thefirstbank.com |
IR: | See website |
Key People | ||
M. Ray Cole Chairman of the Board, President, Chief Executive Officer of the Company and the Bank | Donna T. Lowery Chief Financial Officer, Executive Vice President of the Company and the Bank |
Business Overview |
The First Bancshares, Inc. is a bank holding company for The First Bank (the First). The Company is a community-focused financial institution that offers a full range of financial services to individuals, businesses, municipal entities and nonprofit organizations in the communities that it serves. These services include consumer and commercial loans, deposit accounts and safe deposit services. It offers a full range of deposit services that are available in banks and savings institutions, including checking accounts, NOW accounts, savings accounts, and other time deposits of various types, ranging from daily money market accounts to longer-term certificates of deposit. It offers a full range of commercial and personal loans. Commercial loans include both secured and unsecured loans for working capital, business expansion, purchase of equipment and machinery, and others. Its segments include the Commercial/Retail Bank, the Mortgage Banking Division, and the Holding Company. |
Financial Overview |
For the fiscal year ended 31 December 2023, First Bancshares Inc (Mississippi) interest income increased 70% to $340.9M. Net interest income after loan loss provision increased 36% to $234.8M. Net income increased 20% to $75.5M. Net interest income after loan loss provision reflects Commercial/ Retail Bank segment increase of 35% to $242.6M, Net Interest Margin, Total - % increase of 13% to 3.59%, Net Interest Spread. |
Employees: | 1,078 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $669.21M as of Dec 31, 2023 |
Annual revenue (TTM): | $340.93M as of Dec 31, 2023 |
EBITDA (TTM): | $142.37M as of Dec 31, 2023 |
Net annual income (TTM): | $75.46M as of Dec 31, 2023 |
Free cash flow (TTM): | $77.27M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 31,218,321 as of Mar 28, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |