The First Bancshares Inc (NYSE: FBMS) |
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Price: $33.8100
$0.16
0.475%
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Day's High:
| $34.08
| Week Perf:
| -5.13 %
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Day's Low: |
$ 32.91 |
30 Day Perf: |
-5.21 % |
Volume (M): |
2,277 |
52 Wk High: |
$ 39.21 |
Volume (M$): |
$ 76,992 |
52 Wk Avg: |
$34.13 |
Open: |
$33.15 |
52 Wk Low: |
$26.41 |
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Market Capitalization (Millions $) |
1,070 |
Shares
Outstanding (Millions) |
32 |
Employees |
259 |
Revenues (TTM) (Millions $) |
280 |
Net Income (TTM) (Millions $) |
77 |
Cash Flow (TTM) (Millions $) |
-135 |
Capital Exp. (TTM) (Millions $) |
3 |
The First Bancshares Inc
Our company, The First Bancshares, Inc. was incorporated on June 23, 1995 to
serve as a bank holding company for The First, A National Banking Association
(“The First”), headquartered in Hattiesburg, Mississippi. The First
began operations on August 5, 1996 from our main office in the Oak Grove community,
which is now included within the city of Hattiesburg. At year end, the First
had 27 branches, one motor bank facility and four loan production offices in
the states of Mississippi, Alabama, and Louisiana.
We exited the recent recession with strong asset quality metrics compared to
most of our peers, which we believe illustrates our historically disciplined
underwriting and credit culture. As such, we benefited from our strength by
taking advantage of growth opportunities when many of our peers were unable
to do so. Since that time, we focused on growing earnings per share and increasing
our tangible common equity and tangible book value per share. In addition, we
returned to strong levels of loan growth by continuing to strengthen our relationships
with existing clients and creating new relationships.
In April 2013, we completed our first post-recession acquisition with the purchase
of First National Bank of Baldwin County, which resulted in our strategic entry
into the south Alabama market. Then in July 2014 we completed our acquisition
of Bay Bank, previously headquartered in Mobile, Alabama. The conversion and
integration of these acquisitions have been successful to date, and we are optimistic
that this market will continue to contribute to our future growth and success.
Also in 2014 we established a de novo branch in Baton Rouge, Louisiana and a
loan production office in Slidell, Louisiana.
We strive to provide our customers with the breadth of products and services
offered by large regional banks, while maintaining the timely response and personal
service of a locally owned and managed bank. In addition to offering a full
range of deposit services and commercial and personal loans, we have a mortgage
division. The following is a description of the products and services we offer.
Deposit Services. We offer a full range of deposit services that are typically
available in most banks and savings and loan associations, 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. The transaction accounts and time certificates are tailored to our
principal market area at rates competitive to those offered by other banks in
the area. All deposit accounts are insured by the FDIC up to the maximum amount
allowed by law. We solicit these accounts from individuals, businesses, associations
and organizations, and governmental authorities. In addition, we offer certain
retirement account services, such as Individual Retirement Accounts (IRAs).
Loan Products. We offer a full range of commercial and personal loans. Commercial
loans include both secured and unsecured loans for working capital (including
loans secured by inventory and accounts receivable), business expansion (including
acquisition of real estate and improvements), and purchase of equipment and
machinery. Consumer loans include equity lines of credit and secured and unsecured
loans for financing automobiles, home improvements, education, and personal
investments. We also make real estate construction and acquisition loans. Our
lending activities are subject to a variety of lending limits imposed by federal
law. While differing limits apply in certain circumstances based on the type
of loan or the nature of the borrower (including the borrowers relationship
to the bank), in general we are subject to a loans-to-one-borrower limit of
an amount equal to 15% of our unimpaired capital and surplus.
Mortgage Loan Division. We have a mortgage loan division which originates loans
to purchase existing or construct new homes and to refinance existing mortgages.
Private Banking Division. We have a Private Banking Division, which offers financial
services and wealth management services to individuals who meet certain criteria.
Other Services. Other bank services we offer include on-line internet banking
services, voice response telephone inquiry service, commercial sweep accounts,
cash management services, safe deposit boxes, travelers checks, direct deposit
of payroll and social security checks, and automatic drafts for various accounts.
We are associated with the Interlink, Plus, Pulse, Star, and Community Cash
networks of automated teller machines that may be used by our customers throughout
our market area and other regions. The First also offers VISA and MasterCard
credit card services through a correspondent bank.
Company Address: 6480 U.S. Hwy. 98 West, Suite A Hattiesburg 39402 MS
Company Phone Number: 268-8998 Stock Exchange / Ticker: NYSE FBMS
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Customers Net Income grew by |
FBMS's Customers Net Profit Margin grew to |
6.91 % |
13.26 %
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Stock Performances by Major Competitors |
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Business Update
Published Sun, May 19 2024 3:39 AM UTC
In an exciting move, The First Bancshares Inc. has announced the transfer of its common stock listing from The Nasdaq Stock Market to the New York Stock Exchange (NYSE). This strategic decision is expected to have a significant impact on the company s visibility and market positioning.The transition is set to take place on Thursday, May 30, 2024, with The First Bancshares c...
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Business Update
Published Sat, May 18 2024 12:15 AM UTC
HATTIESBURG, Miss. - The First Bancshares, Inc. (NASDAQ: FBMS), the parent company of The First Bank, has announced the transfer of its common stock listing from The Nasdaq Stock Market LLC (Nasdaq) to the New York Stock Exchange (NYSE) on Thursday, May 30, 2024. Under the new ticker symbol FBMS, The First Bancshares aims to leverage the NYSE listing to enhance its market vi...
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Business Update
Published Fri, May 17 2024 3:15 PM UTC
The First Bancshares, Inc. Makes Strategic Leap to NYSE Amid Rising Revenues and Market ChallengesThe First Bancshares, Inc. (NASDAQ: FBMS), the financial cornerstone of The First Bank, has announced a pioneering move to transfer the listing of its common stock from The Nasdaq Stock Market LLC (Nasdaq) to the prestigious New York Stock Exchange (NYSE). This strategic decisi...
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Stock Transactions
Published Wed, Feb 28 2024 9:30 PM UTC
HATTIESBURG, Miss. - The First Bancshares, Inc. (NASDAQ: FBMS), the parent company of The First Bank, has recently announced the approval of a new share repurchase program for the 2024 calendar year. With the potential to repurchase up to $50 million worth of shares of its common stock, this development holds substantial implications for the company s shareholders....
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Dividend
Published Wed, Jan 24 2024 11:50 PM UTC
The First Bancshares, Inc. Reports Financial Results for Fourth Quarter ended December 31, 2023; Increases Quarterly Dividend 4% HATTIESBURG, Miss. - The First Bancshares, Inc. (NASDAQ: FBMS), the holding company for The First Bank, released its financial results for the quarter that ended on December 31, 2023. Despite the challenging market conditions, the company repor...
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Per Share |
Current |
Earnings (TTM) |
2.44 $ |
Revenues (TTM) |
8.86 $
|
Cash Flow (TTM) |
- |
Cash |
-
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Book Value |
31.78 $
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Dividend (TTM) |
0.97 $ |
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Per Share |
|
Earnings (TTM) |
2.44 $
|
Revenues (TTM) |
8.86 $ |
Cash Flow (TTM) |
- |
Cash |
-
|
Book Value |
31.78 $ |
Dividend (TTM) |
0.97 $ |
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