FBMS - First Bancshares Inc Profile, Stock Quotes, Financial Analysis, Charts, Fundamentals

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.

Break-even, Single Digit Topline Growth

In the third quarter Optileaf, Inc reached break-even of $0.00 per share compare to $0.00 a year ago and from $0.00 per share from the previous quarter.

Sales grew by 5.72 % to $0.01 millions from $0.01 millions in the same quarter a year ago and sequentially Sales fell by -16.23 % from $0.01 millions.

Break-even, Sales more than Double

In the third quarter Olb Group, Inc reached break-even of $0.00 per share compare to $-0.01 a year ago and from $0.00 per share from the previous quarter.

Sales increased sharply by 29831.75 % to $2.98 millions from $0.01 millions in the same quarter a year ago and sequentially Sales deteriorated by -7.5 % from $3.22 millions.

Deficit Bigger Than a Year Ago, Topline Crumbles

In the third quarter Icagen, Inc losses widen of $-0.36 per share compare to $-0.18 a year ago and improved from $-0.56 per share from the previous quarter.

Sales faded by -46.56 % to $3.01 millions from $5.63 millions in the same quarter a year ago and sequentially Sales Tumbled by -31.26 % from $4.38 millions.

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FBMS Company Profile

Company Fail to Break-even Despite Surge in Sales

Break-even, Single Digit Topline Growth

Break-even, Sales more than Double

Deficit Bigger Than a Year Ago, Topline Crumbles

Mict, Inc announced third quarter operating deficit of $-3.512 millions