Welcome to our dedicated page for First Bancshares news (Ticker: FBMS), a resource for investors and traders seeking the latest updates and insights on First Bancshares stock.
First Bancshares, Inc. (FBMS) provides investors and stakeholders with timely updates through this comprehensive news resource. Track the latest press releases, financial disclosures, and strategic developments from this regional banking leader serving Mississippi, Louisiana, and Alabama communities.
This centralized hub delivers essential updates including quarterly earnings reports, acquisition announcements, and regulatory filings. Users gain immediate access to operational milestones, leadership changes, and market expansion initiatives that shape FBMS's position in community banking.
Discover verified information about First Bancshares' commercial lending programs, digital banking enhancements, and community development projects. Our news collection serves as your primary source for monitoring the company's financial health and strategic direction within the evolving regional markets.
Bookmark this page for streamlined access to FBMS's corporate communications. Check back regularly to stay informed about key developments affecting one of the Gulf Coast's prominent financial institutions.
The First Bancshares, Inc. (FBMS) reported a steady net income of $16.3 million for Q1 2023, unchanged from Q4 2022. However, operating net earnings surged 57.8%, reaching $27.1 million, bolstered by recent acquisitions of Heritage Southeast Bancorporation and Beach Bank. Total loans grew by 1.0% excluding acquired loans, totaling $4.970 billion, while total deposits increased by 21.4% to $6.668 billion. The net interest margin improved to 3.63% from 3.31% in the previous quarter. The company declared a cash dividend of $0.22 per share, a 5% increase, payable on May 24, 2023. Despite rising provisions for credit losses at $11.0 million, FBMS remains optimistic about growth in new markets and strong operating returns from its recent expansions.
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