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First Bancshares - FBMS STOCK NEWS

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.

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The First Bancshares, Inc. (NASDAQ: FBMS) announces a new share repurchase program for 2024, allowing for up to $50 million in common stock buybacks. Management will decide the timing, method, and price based on various factors, with an expiration date of December 31, 2024.
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The First Bancshares, Inc. (NASDAQ: FBMS) will participate in the Janney CEO Forum from January 31, 2024, to February 1, 2024, at the Hyatt Regency Resort & Spa at Gainey Ranch, Scottsdale, Arizona. The company will have one-on-one meetings with bank stock analysts and investors. The presentation for these meetings is available on the company's website. The First Bancshares, Inc. is the parent company of The First Bank, with operations in Mississippi, Louisiana, Alabama, Florida, and Georgia. The company's stock is traded on NASDAQ under the symbol FBMS.
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The First Bancshares, Inc. reported a decrease in net income available to common shareholders by 54.7% for the quarter ended December 31, 2023, compared to the previous quarter. The company also experienced a decrease in core net interest margin and an increase in nonperforming assets. However, for the year-over-year comparison, net income available to common shareholders increased by 19.9%, and total loans increased by 6.3%. The company's President and CEO emphasized strong results for the full year of 2023, despite margin compression and other challenges.
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First Bancshares, Inc. (FBMS) has repositioned a portion of its securities portfolio, resulting in a pre-tax loss of $9.7 million. The company reinvested the proceeds and used a portion to repay borrowings from the Federal Reserve Bank. This repositioning is expected to increase net interest margin, net interest income, and earnings per share. The company will announce its fourth-quarter 2023 earnings on January 24, 2024, and hold a conference call on January 25, 2024.
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The First Bancshares, Inc. reports financial results for Q3 2023, with net income of $24.4 million, representing a 2.4% increase from the previous quarter. Total loans increased by $78.9 million, or 6.3% on an annualized basis. Net interest margin decreased to 3.47% due to reduced accretion income and increased deposit costs. The company received a $6.2 million award from the U.S. Treasury Equitable Recovery Program.
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The First Bancshares, Inc. to announce 2023 Q3 results
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The First Bancshares, Inc. (NASDAQ: FBMS) will participate in the 2023 KBW Community Bank Investor Conference from August 7 to August 9, 2023, at the Hilton Midtown, New York. The company will have one-on-one meetings with bank stock analysts and investors. The presentation for these meetings is available on the company's website under Investor Relations. The First Bancshares, Inc. is the parent company of The First Bank, with operations in Mississippi, Louisiana, Alabama, Florida, and Georgia. The stock is traded on NASDAQ Global Market under the symbol FBMS.
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The First Bancshares, Inc. reported financial results for Q2 2023. Net income available to common shareholders increased by 46.1% compared to Q1 2023. Total loans increased by $41.1 million, representing net growth of 3.3% on an annualized basis. Net interest margin increased to 3.76% from 3.63%. Cost of deposits averaged 91 bps for Q2. The company added commercial banking teams in St. Petersburg, FL, and New Orleans, LA.
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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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First Bancshares

Nasdaq:FBMS

FBMS Rankings

FBMS Stock Data

1.06B
29.23M
6.3%
74.65%
1.17%
Banks - Regional
National Commercial Banks
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United States
HATTIESBURG