First Bancshares, Inc. Announces Operating Results for the Quarter Ended June 30, 2026

Rhea-AI Summary

First Bancshares (OTCQX: FBSI) reported unaudited Q2 2026 after-tax net income of $2.14 million, or $0.89 per diluted share, up from $1.82 million, or $0.75, in Q2 2025. Net interest income rose to $6.86 million, with a net interest margin of 4.76% supported by low-cost deposits.

The Company’s subsidiary Stockmens Bank completed the acquisition of a Westcliffe, CO branch, adding about $51 million to the balance sheet using organic capital and no new debt. As of June 30, 2026, total assets were $648.5 million, loans $547.9 million, deposits $564.9 million, and stockholders’ equity $69.2 million, representing year-over-year growth of 19.20%, 23.03%, 20.62%, and 11.08%, respectively. The efficiency ratio was 56%, after-tax return on average assets exceeded 1.37%, and after-tax return on average equity was over 12.38%. The Bank remains categorized as “well-capitalized.”

Positive

• Q2 2026 EPS $0.89 vs. $0.75 in Q2 2025
• Net interest income $6.86M in Q2 2026 vs. $6.00M prior year
• Net interest margin 4.76% supported by low-cost acquired deposits
• Total assets $648.5M, up 19.20% year over year
• Loans $547.9M, up 23.03% year over year
• Deposits $564.9M, up 20.62% year over year

Negative

• Provision for credit losses $369K in Q2 2026 vs. $61K prior year
• Non-interest income $384K in Q2 2026 vs. $474K prior year
• Non-interest expense $4.23M in Q2 2026 vs. $4.01M prior year
• Efficiency ratio 56%, slightly higher due to acquisition expenses
• Goodwill and intangibles $6.59M vs. $1.43M at December 31, 2025

News Market Reaction – FBSI

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In the Jul 28 session, FBSI gained 1.74%, reflecting a mild positive market reaction.

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MOUNTAIN GROVE, Mo., July 24, 2026 (GLOBE NEWSWIRE) -- First Bancshares, Inc. (OTCQX: FBSI) (“Company”), the holding company for Stockmens Bank (“Bank”), today announced its unaudited financial results for the quarter ended June 30, 2026.

For the second quarter of 2026, the Company reported after-tax net income of $2,136,000 or $0.89 per share-diluted compared to $1,824,000 or $0.75 per share-diluted for the same period in 2025, continuing to compound the strong financial results reported in 2025 and the first quarter of 2026. The Company’s operating subsidiary Stockmens Bank executed the acquisition of a branch in Westcliffe, CO growing the balance sheet approximately $51,000,000 with organic capital and no debt utilization. The Bank’s net interest margin remains strong at 4.76% mainly due to the low cost of funds associated to the acquired deposit portfolio. Efficiency ratio increased slightly to 56% due to acquisition expenses and after-tax return on average assets exceeded 1.37%, and after-tax return on average equity was over 12.38%. These ratios experienced slight reductions due to the addition of the acquired assets, however, the Company expects future results to continue to improve based on the strength of the branch into the current franchise.

Since June 30, 2025, total assets increased 19.20% to $648.5 million, loan balances increased 23.03% to $547.9 million, the deposit portfolio grew 20.62% to $564.9 million from both acquired deposits adding liquidity and strong internal growth quarter over quarter, and stockholders’ equity increased 11.08% to $69.2 million from the robust organic earnings reported above.

As previously reported, the Bank continues to execute on its strategic growth strategies and lend to the strength of operating results across all fundamental performance indicators. The addition of the de novo branch in Hugo, CO and the acquired branch in Westcliffe, CO the Company has added liquidity, strong earnings, and expanded the franchise value of the organization while continuing to self-capitalize for future strategic growth opportunities.

The Bank meets all regulatory requirements for “well-capitalized” status.

About the Company

First Bancshares, Inc. is the holding company for Stockmens Bank, an FDIC-insured Colorado state-chartered commercial bank with its home office in Colorado Springs, CO, and full-service offices in Hugo, Akron, and Westcliffe, CO; Bartley, NE; and eight Missouri locations: Mountain Grove, Marshfield, Ava, Kissee Mills, Gainesville, Crane, Hartville, and Springfield.

Cautionary Note Regarding Forward-Looking Statements

The Company and its wholly owned subsidiary, Stockmens Bank, may from time to time make written or oral “forward-looking statements” in its reports to shareholders, and in other communications by the Company, which are made in good faith by the Company pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995.

These forward-looking statements include statements with respect to the Company’s beliefs, expectations, estimates and intentions that are subject to significant risks and uncertainties, and are subject to change based on various factors, some of which are beyond the Company’s control. Such statements address the following subjects: future operating results; customer growth and retention; loan and other product demand; earnings growth and expectations; new products and services; credit quality and adequacy of reserves; results of examinations by our bank regulators, technology, and our employees. The following factors, among others, could cause the Company’s financial performance to differ materially from the expectations, estimates and intentions expressed in such forward-looking statements: the strength of the United States economy in general and the strength of the local economies in which the Company conducts operations; the effects of, and changes in, trade, monetary, and fiscal policies and laws, including interest rate policies of the Federal Reserve Board; inflation, interest rate, market, and monetary fluctuations; the timely development and acceptance of new products and services of the Company and the perceived overall value of these products and services by users; the impact of changes in financial services’ laws and regulations; technological changes; acquisitions; changes in consumer spending and savings habits; and the success of the Company at managing and collecting assets of borrowers in default and managing the risks of the foregoing.

The foregoing list of factors is not exclusive. The Company does not undertake, and expressly disclaims any intent or obligation, to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company.

Contact: Robert M. Alexander, Chairman and CEO - (719) 955-2800

First Bancshares, Inc. and Subsidiaries
Financial Highlights
(unaudited)
(In thousands, except per share amounts)
	Quarter Ended						Six Months Ended
	June 30,						June 30,
	2026			2025			2026			2025
Operating Data:
Total interest income	$	9,244		$	8,407		$	18,136		$	16,371
Total interest expense	2,380			2,411			4,590			4,721
Net interest income	6,864			5,996			13,546			11,650
Provision for credit losses	369			61			673			239
Net interest income after provision for credit losses	6,495			5,935			12,873			11,411
Gain (loss) on sale of investments	150			-			150			-
Non-interest income	384			474			691			835
Non-interest expense	4,226			4,014			8,103			7,597
Income before taxes	2,803			2,395			5,611			4,649
Income tax expense	667			571			1,357			1,133
Net income	$	2,136		$	1,824		$	4,254		$	3,516
Earnings per share	$	0.89		$	0.75		$	1.76		$	1.46
	At			At			At
	June 30,			December 31,			June 30,
Financial Condition Data:	2026			2025			2025
Cash and cash equivalents      (excludes CDs)	$	56,676		$	20,879		$	55,758
Investment securities      (includes CDs)	11,309			10,605			13,421
Loans receivable, net	547,932			501,445			445,372
Goodwill and intangibles	6,587			1,431			1,443
Total assets	648,540			564,556			544,072
Deposits	564,925			484,872			468,345
Repurchase agreements	1,687			1,162			1,102
Borrowings	7,500			7,500			7,500
Stockholders' equity	69,243			66,188			62,336
Book value per share	$	28.70		$	27.43		$	25.68

FAQ

How did First Bancshares (FBSI) perform in Q2 2026?

First Bancshares reported Q2 2026 net income of $2.14 million, or $0.89 per diluted share. According to the company, this compares with $1.82 million, or $0.75 per diluted share, in Q2 2025, reflecting higher net interest income and stable credit costs.

What were the key balance sheet metrics for First Bancshares (FBSI) as of June 30, 2026?

As of June 30, 2026, First Bancshares reported $648.5 million in total assets. According to the company, loans were $547.9 million, deposits $564.9 million, and stockholders’ equity $69.2 million, representing year-over-year growth of 19.20%, 23.03%, 20.62%, and 11.08%, respectively.

What is the impact of the Westcliffe, Colorado branch acquisition on First Bancshares (FBSI)?

Stockmens Bank’s acquisition of the Westcliffe, CO branch added about $51 million to the balance sheet. According to the company, the transaction was funded with organic capital, used no additional debt, brought low-cost deposits, and is expected to strengthen earnings and franchise value.

What net interest margin did First Bancshares (FBSI) report for Q2 2026?

First Bancshares reported a Q2 2026 net interest margin of 4.76%. According to the company, this margin is mainly supported by the low cost of funds associated with the acquired deposit portfolio from the Westcliffe branch, helping drive higher net interest income versus the prior year.

How did First Bancshares (FBSI) earnings for the first half of 2026 compare to 2025?

For the six months ended June 30, 2026, net income was $4.25 million, or $1.76 per share. According to the company, this compares with $3.52 million, or $1.46 per share, in the first half of 2025, reflecting stronger core banking performance.

Is First Bancshares (FBSI) considered well-capitalized as of June 30, 2026?

Yes. According to the company, Stockmens Bank meets all regulatory requirements for a “well-capitalized” institution. Stockholders’ equity totaled $69.2 million at June 30, 2026, up 11.08% year over year, supported by robust organic earnings and balance sheet growth.

What profitability ratios did First Bancshares (FBSI) report for Q2 2026?

For Q2 2026, First Bancshares reported after-tax return on average assets above 1.37% and return on average equity over 12.38%. According to the company, these ratios declined slightly due to added assets from the acquisition but remain supported by strong underlying operating performance.