FBMS | Jotup

The First Bancshares, Inc. Announces New Share Repurchase Plan

Retrieved on:

Wednesday, February 28, 2024

Banking, Professional Services, Finance, Share repurchase, FBMS, First Bank

The First Bancshares, Inc. (NASDAQ: FBMS) (“First Bancshares” or the “Company”), the holding company for The First Bank, announced today that the Company’s board of directors has approved a new share repurchase program for the 2024 calendar year.

Key Points:

The First Bancshares, Inc. (NASDAQ: FBMS) (“First Bancshares” or the “Company”), the holding company for The First Bank, announced today that the Company’s board of directors has approved a new share repurchase program for the 2024 calendar year.
Under the program, the Company may, but is not required to, from time to time repurchase up to $50 million of shares of its common stock in any manner determined appropriate by the Company’s management.
The actual timing and method of any purchases, the target number of shares and the maximum price (or range of prices) under the program, will be determined by management at its discretion and will depend on a number of factors, including the market price of the Company's common stock, general market and economic conditions, and applicable legal and regulatory requirements.
The new share repurchase program has an expiration date of December 31, 2024, and is effectively a renewal of the Company’s 2024 share repurchase program.

The First Bancshares to Participate in the Janney CEO Forum

Retrieved on:

Tuesday, January 30, 2024

Banking, Other Professional Services, Professional Services, Finance, Presentation, First, First Bank, FBMS

The First Bancshares, Inc. (NASDAQ: FBMS), holding company for The First Bank, ( www.thefirstbank.com ) will participate in the Janney CEO Forum which is being held January 31, 2024 - February 1, 2024 at the Hyatt Regency Resort & Spa at Gainey Ranch, Scottsdale, Arizona, and will have one-on-one meetings with certain bank stock analysts and investors.

Key Points:

The First Bancshares, Inc. (NASDAQ: FBMS), holding company for The First Bank, ( www.thefirstbank.com ) will participate in the Janney CEO Forum which is being held January 31, 2024 - February 1, 2024 at the Hyatt Regency Resort & Spa at Gainey Ranch, Scottsdale, Arizona, and will have one-on-one meetings with certain bank stock analysts and investors.
The presentation prepared for use during these meetings is available at the company's website www.thefirstbank.com under Investor Relations>Presentations and Press Releases>Presentations.
The First Bancshares, Inc., headquartered in Hattiesburg, Mississippi, is the parent company of The First Bank.
Founded in 1996, the First has operations in Mississippi, Louisiana, Alabama, Florida and Georgia.

The First Bancshares, Inc. Reports Results for Fourth Quarter ended December 31, 2023; Increases Quarterly Dividend 4%

Retrieved on:

Wednesday, January 24, 2024

Banking, Professional Services, Finance, FDIC, First Bank, Table, ACL, Central Time, Appendix, FTE, Heritage Bank, Sale, First, Acquisition, Conference, FBMS, Federal Reserve Bank, Cryptocurrency

For the quarter ended December 31, 2023, total loans increased $80.2 million, or 6.3%, on an annualized basis, as compared to the quarter ended September 30, 2023.

Key Points:

For the quarter ended December 31, 2023, total loans increased $80.2 million, or 6.3%, on an annualized basis, as compared to the quarter ended September 30, 2023.
Core net interest margin (non-GAAP) decreased 13 basis points during the quarter ended December 31, 2023 from 3.27% to 3.14%.
Cost of deposits averaged 154 basis points for the fourth quarter of 2023 compared to 121 basis points for the third quarter 2023.
The Company recorded a provision for credit losses of $1.3 million for the quarter ended December 31, 2023 and $1.0 million for the quarter ended September 30, 2023.

First Bancshares, Inc. Announces Securities Portfolio Repositioning and 2023 Fourth Quarter Earnings Call Information

Retrieved on:

Tuesday, January 16, 2024

Banking, Professional Services, Finance, Sale, First Bank, First, Federal Reserve Bank, FBMS, Webcast

First Bancshares, Inc. (NASDAQ: FBMS) (the “Company”), holding company of The First Bank (“The First”), has announced the repositioning of a portion of its securities portfolio and information regarding its 2023 Fourth Quarter earnings call.

Key Points:

First Bancshares, Inc. (NASDAQ: FBMS) (the “Company”), holding company of The First Bank (“The First”), has announced the repositioning of a portion of its securities portfolio and information regarding its 2023 Fourth Quarter earnings call.
In December 2023, The First sold $123 million in available-for-sale securities with a weighted average book yield of 1.12% and average remaining life of 3 years.
The First recognized a pre-tax loss on the sale of $9.7 million.
The First Bancshares will announce 2023 fourth quarter results following the NASDAQ’s closing on Wednesday, January 24, 2024.

The First Bancshares, Inc. Reports Results for Third Quarter ended September 30, 2023; Increases Quarterly Dividend 4%

Retrieved on:

Thursday, October 26, 2023

Net income available to common shareholders totaled $24.4 million for the quarter ended September 30, 2023, representing an increase of 2.4% when compared to $23.8 million for the quarter ended June 30, 2023.

Key Points:

Net income available to common shareholders totaled $24.4 million for the quarter ended September 30, 2023, representing an increase of 2.4% when compared to $23.8 million for the quarter ended June 30, 2023.
Total loans increased $78.9 million for the quarter ended September 30, 2023, representing net growth of 6.3% on an annualized basis, as compared to the quarter ended June 30, 2023.
Net income available to common shareholders totaled $24.4 million for the quarter ended September 30, 2023, an increase of $0.6 million, or 2.4%, when compared to $23.8 million for the quarter ended June 30, 2023.
The Company recorded a provision for credit losses of $1.0 million for the quarter ended September 30, 2023 and $1.3 million for the quarter ended June 30, 2023.

The First Bancshares, Inc. Announces 2023 Third Quarter Call Information

Retrieved on:

Thursday, October 12, 2023

Banking, Professional Services, Finance, First Bank, Webcast, FBMS, First Bank System, Rare-earth element, Broadcasting, Cryptocurrency

The First Bancshares, Inc. (“FBMS” or “the Company”) (NASDAQ: FBMS), holding company for The First Bank, ( www.thefirstbank.com ) will announce 2023 third quarter results following the NASDAQ’s closing on Wednesday, October 25, 2023.

Key Points:

The First Bancshares, Inc. (“FBMS” or “the Company”) (NASDAQ: FBMS), holding company for The First Bank, ( www.thefirstbank.com ) will announce 2023 third quarter results following the NASDAQ’s closing on Wednesday, October 25, 2023.
The Company will hold executive management’s quarterly conference call on Thursday, October 26, 2023 at 10:00 AM Eastern Time (9:00 AM Central Time).
The webcast is accessible by clicking on the following link:

The First Bancshares to Participate in 2023 KBW Community Bank Investor Conference

Retrieved on:

Friday, August 4, 2023

Banking, Other Professional Services, Professional Services, Finance, New York Hilton Midtown, First Bank, Presentation, KBW, First, FBMS, Community Bank, Texas First Bank, Conference, Cryptocurrency

The First Bancshares, Inc. (NASDAQ: FBMS), holding company for The First Bank, ( www.thefirstbank.com ) will participate in the 2023 KBW Community Bank Investor Conference , which is being held August 7, 2023 through August 9, 2023 at the Hilton Midtown, New York and will have one-on-one meetings with certain bank stock analysts and investors.

Key Points:

The First Bancshares, Inc. (NASDAQ: FBMS), holding company for The First Bank, ( www.thefirstbank.com ) will participate in the 2023 KBW Community Bank Investor Conference , which is being held August 7, 2023 through August 9, 2023 at the Hilton Midtown, New York and will have one-on-one meetings with certain bank stock analysts and investors.
The presentation prepared for use during these meetings is available at the company's website www.thefirstbank.com under Investor Relations>Presentations and Press Releases>Presentations.
The First Bancshares, Inc., headquartered in Hattiesburg, Mississippi, is the parent company of The First Bank.
Founded in 1996, the First has operations in Mississippi, Louisiana, Alabama, Florida and Georgia.

The First Bancshares, Inc. Reports Results for Second Quarter Ended June 30, 2023; Increases Quarterly Dividend 5%

Retrieved on:

Wednesday, July 26, 2023

Annualized net interest margin increased 13 bps to 3.76% for the quarter ended June 30, 2023 from 3.63% for the quarter ended March 31, 2023.

Key Points:

Annualized net interest margin increased 13 bps to 3.76% for the quarter ended June 30, 2023 from 3.63% for the quarter ended March 31, 2023.
The Company recorded a provision for credit losses of $1.3 million for the quarter ended June 30, 2023 and $11.0 million for the quarter ended March 31, 2023.
For the second quarter of 2023, diluted earnings per share were $0.75, compared to $0.52 for the first quarter of 2023 and $0.76 for the second quarter of 2022.
Diluted earnings per share, operating (non-GAAP) were $0.85 for the second quarter of 2023 compared to $0.86 for the first quarter of 2023 and $0.80 for the second quarter of 2022.

The First Bancshares to Participate in 2023 Gulf South Bank Conference

Retrieved on:

Friday, May 5, 2023

Banking, Professional Services, Finance, Season, Four Seasons Hotels and Resorts, First Bank, Presentation, First, FBMS, Texas First Bank, Four Seasons Hotel New York, Conference

The First Bancshares, Inc. (NASDAQ: FBMS), holding company for The First Bank, ( www.thefirstbank.com ) will participate in the 2023 Gulf South Bank Conference, which is being held May 8, 2023 through May 9, 2023 at the Four Seasons Hotel, New Orleans, Louisiana and will have one-on-one meetings with certain bank stock analysts and investors.

Key Points:

The First Bancshares, Inc. (NASDAQ: FBMS), holding company for The First Bank, ( www.thefirstbank.com ) will participate in the 2023 Gulf South Bank Conference, which is being held May 8, 2023 through May 9, 2023 at the Four Seasons Hotel, New Orleans, Louisiana and will have one-on-one meetings with certain bank stock analysts and investors.
The presentation prepared for use during these meetings is available at the company’s website www.thefirstbank.com under Investor Relations>Presentations and Press Releases>Presentations.
The First Bancshares, Inc., headquartered in Hattiesburg, Mississippi, is the parent company of The First Bank.
Founded in 1996, the First has operations in Mississippi, Louisiana, Alabama, Florida and Georgia.

The First Bancshares, Inc. Reports Results for First Quarter ended March 31, 2023; Increases Quarterly Dividend 5%

Retrieved on:

Wednesday, April 26, 2023

Net income available to common shareholders totaled $16.3 million for the quarter ended March 31, 2023, representing no change when compared to $16.3 million for the quarter ended December 31, 2022.

Key Points:

Net income available to common shareholders totaled $16.3 million for the quarter ended March 31, 2023, representing no change when compared to $16.3 million for the quarter ended December 31, 2022.
Net interest margin increased 32 bps to 3.63% for the quarter ended March 31, 2023 from 3.31% for the quarter ended December 31, 2022.
The Company recorded a provision for credit losses of $11.0 million for the quarter ended March 31, 2023 and $0.7 million for the quarter ended December 31, 2022.
The ratio of annualized net charge-offs (recoveries) to total loans was 0.01% for the quarter ended March 31, 2023 compared to 0.004% for the quarter ended December 31, 2022 and (0.12%) for the quarter ended March 31, 2022.