First Bancshares Inc (Mississippi) (OQ:FBMS)

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
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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

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