First Bancshares Inc Mo Stock Price, News & Analysis

First Bancshares (OTCQX: FBSI), the holding company for Stockmens Bank in Colorado Springs, has announced that its Board of Directors has declared an annual cash dividend of $0.40 per share on the company's outstanding common stock. The dividend will be paid on April 15, 2025, to shareholders who are on record as of the close of business on April 1, 2025.

First Bancshares (OTCQX: FBSI) has reported strong financial results for Q4 and full-year 2024. The company achieved quarterly after-tax net income of $1,719,000 ($0.71 per share-diluted) and annual after-tax net income of $6,578,000 ($2.71 per share-diluted).

Key financial metrics show solid performance: consolidated assets stood at $537.89 million, net loans increased to $423.66 million, and total deposits rose to $472.60 million. The company demonstrated strong capital growth with tier 1 capital increasing 11.09% to $58.40 million and total capital up 10.25% to $64.09 million.

The bank outperformed its peer group with impressive metrics including a 1.34% after-tax return on average assets, 12.56% after-tax return on average equity, 4.35% net interest margin, and 56.07% efficiency ratio. With strong liquidity (14.65%) and leverage (10.97%) ratios, the bank is well-positioned for 2025 growth.

First Bancshares (OTCQX: FBSI), the holding company for Stockmens Bank, announced its financial results for the quarter ended September 30, 2024. The company reported net income of $1,576,000 or $0.65 per share-diluted, compared to $1,635,000 or $0.68 per share-diluted for the same period in 2023. Year-to-date net income was $4,859,000 or $2.00 per share-diluted, down from $5,158,000 or $2.12 per share-diluted in 2023. The Bank successfully navigated rising interest rates through careful management of interest rate risk and avoidance of debt securities. Despite inflationary pressures on non-interest expenses, the Bank maintained strong earnings, efficiency, liquidity, and asset quality ratios. Consolidated total assets decreased 4.42% to $517.65 million, net loans increased 1.11% to $422.69 million, total deposits decreased 4.02% to $453.00 million, and GAAP capital rose 8.03% to $57.90 million. The Bank meets all regulatory requirements for “well-capitalized” status.

First Bancshares, the holding company for Stockmens Bank, released its financial results for Q2 2024. The company reported a net income of $1.63 million or $0.67 per diluted share, down from $1.735 million or $0.71 per diluted share in Q2 2023. For the first half of 2024, net income was $3.283 million or $1.35 per diluted share, compared to $3.522 million or $1.44 per diluted share for the same period in 2023. Key changes included a $371,000 increase in net interest income, a $156,000 decrease in income tax expense, but were offset by a $28,000 decrease in non-interest income, a $402,000 increase in non-interest expenses, and a $336,000 extraordinary income in January 2023. Total assets saw a 4.58% decrease to $516.78 million, and total deposits decreased 3.60% to $454.99 million since year-end 2023. Net loans increased 2.73% to $429.44 million, and GAAP capital grew 4.56% to $56.04 million. The Bank remains well-capitalized by regulatory standards.