The First Bancshares Inc (FBMS) Annual Income Statement

Annual · GAAP · USD millions
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The income statement data below highlights shifts in The First Bancshares Inc's operating performance over recent quarters.
Annual Report, GAAP in USD millions
ITEM
(Dec 31 2024)
2024
(Dec 31 2022) (Dec 31 2021) (Dec 31 2020) (Dec 31 2019)
Revenues
Interest and Fee Income, Loans and Leases321.67
Interest Income, Securities, Operating, Tax Exempt11.73
Interest Income, Federal Funds Sold0.00
Interest Income, Deposits with Financial Institutions3.44
Other Income33.00
Total Interest Income369.84
Interest Expense, Time Deposits, $100,000 or More117.85
Interest Expense, Borrowings17.72
Net Interest (-)Expense / Income-135.57
Net Interest Income234.27
Provision for loan losses3.79
Total Net Interest Income230.48
Revenue From Contract With Customer Including Assessed Tax0.00
Other Non-interest Income25.47
Gain (Loss) on Disposition of Assets and Other Investments-0.18
Loss / Gain on Investment3.35
Other Non-Interest Income20.84
Total Non-interest Income49.76
Total Revenues280.24
Costs & Expenses
Salaries & employee benefits, SGA102.15
Restructuring, Accretion & impairment charges3.74
Depreciation & Amortization9.53
Communications, Occupancy and Information Technology20.14
Professional Fees6.21
Other Noninterest Expense20.81
Other loss /-income6.73
Total Operating Expenses182.28
Total Costs & Expenses317.84
Income & Taxes
Income /-loss before income taxes97.97
Income taxes expenses/-benefit20.77
Income after income taxes77.19
Net income/-loss of other equity0.00
Income /-loss after income taxes77.19
Net Income/-loss77.19
Income/-loss to shareholder77.19
Earnings Per Share
Basic EPS (excl. extra items)2.45
Basic Net EPS2.45
Basic shares outstanding (Mill. of Units)31.51
Diluted Net EPS2.44
Diluted average shares (Mill. of Units)31.62
Dividend per share0.97
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About First Bancshares Inc ms Annual Income Statement

What this statement shows

This page presents issuer-reported income statement data, detailing revenue, operating costs, expenses, and earnings as disclosed in SEC 10-K filings and standardized by CSIMarket. The income statement reflects operating performance over a reporting period rather than financial position at a single date.

Revenue and expense treatment

Revenue and expense items are aligned to support period-to-period comparability. Operating and non-operating items, interest, and income taxes are classified based on issuer disclosures and XBRL tagging.

Source & verification

  • Source: SEC 10-K filings
  • Filed with the SEC: March 3, 2025
  • Original filing: fbms-20241231.htm

Income statement figures represent operating results for each reporting period and may be revised in subsequent filings.