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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.

Overview

First Bancshares (FBMS) is a well-established bank holding company known for its robust regional presence and diversified financial services. As a key player in the Commercial/Retail, Mortgage Banking, and Holding company segments, First Bancshares has built a reputation for delivering a comprehensive suite of deposit products, loan solutions, and wealth management services designed to meet the varying financial needs of individuals, businesses, associations, and governmental authorities. The company combines traditional banking services with a strategic expansion approach, characterized by a series of well-planned acquisitions and expansions, which has allowed it to grow steadily while maintaining a focus on community banking.

History and Expansion

Founded through its parent holding company on June 23, 1995, in Hattiesburg, Mississippi, and commencing operations in August 1996 from its home office, First Bancshares has a storied history of growth and stability. Over the years, the company has expanded its footprint significantly, marked by strategic acquisitions such as the addition of First National Bank of Wiggins in 2006, the integration of several branches under Whitney Bank in 2011, and further geographical expansion into key markets including Ocean Springs and Baldwin County in 2013. The subsequent acquisition of Bay Bank in Mobile, Alabama further underscored the company’s commitment to expanding its regional influence. Today, operating over 30 offices, First Bancshares serves communities across South Mississippi, Louisiana, and South Alabama, reinforcing its local market presence and operational resilience.

Comprehensive Financial Services

The core of First Bancshares' offering lies in its diversified product suite designed to cater to the financial needs of a varied clientele. The company provides an array of deposit products including checking accounts, savings accounts, and time deposit accounts that ensure liquidity and convenience. Its loan portfolio is equally expansive, offering commercial and personal loans that range from secured and unsecured credit facilities to consumer loans, as well as specialized residential mortgage loans. This suite is complemented by a range of ancillary services such as online internet banking, voice response telephone inquiries, mobile deposit, safe deposit boxes, and traveler's checks. Such offerings not only enhance customer convenience but also provide essential tools for effective financial management, demonstrating the firm’s commitment to comprehensive service delivery.

Operational Focus and Market Position

Operating within a dynamic and competitive financial services environment, First Bancshares has positioned itself as a reliable regional bank with a strong emphasis on community engagement and customer service. The company’s operational model is underscored by a focus on local markets, where it leverages community expertise and deep regional knowledge to tailor its services to the needs of local businesses and residents. This deep-rooted approach is evidenced by its consistent market presence and the diverse range of financial products it offers. By integrating financial technology with traditional banking practices through services such as online and mobile banking, First Bancshares ensures that its offerings are both current and accessible, thereby addressing contemporary financial needs while retaining a focus on personalized customer support.

Service Excellence and Competitive Differentiators

The distinguishing features of First Bancshares lie in its capacity to blend conventional banking practices with innovative financial solutions. Investors and analysts have often noted that the institution's well-rounded service portfolio, including deposit and lending solutions, facilitates solid market resilience. The company has continuously evolved its product offerings to provide integrated financial solutions that support both personal and commercial financial objectives. Its strategy to incorporate advanced digital banking features such as mobile deposit options and online management systems has allowed it to streamline operations while maintaining a hands-on approach to customer relationships. This balanced approach differentiates First Bancshares amid a landscape populated by larger, less community-focused institutions.

Financial and Lending Solutions

First Bancshares’ commitment to delivering a holistic range of financial services is evident in its wide-ranging portfolio of deposit and loan products. Whether it is offering basic banking products such as savings and checking accounts, or more complex services like personal and commercial loans and residential mortgages, the company ensures that each product is designed with customer financial stability at its core. These products support the financial well-being of various stakeholders by providing essential financial tools that encourage asset growth, liquidity management, and investment in business and real estate ventures. In addition to basic banking functions, the firm also delivers wealth management and financial advisory services, reinforcing its reputation as a multifaceted financial institution.

Technological Integration and Customer Experience

In the era of digital finance, First Bancshares has successfully integrated technology into its core operations. Through its online banking platform and mobile deposit capabilities, the institution demonstrates its commitment to using technology to improve customer convenience and operational efficiency. The digital channels offered are built with a focus on security and user accessibility, ensuring that personal and business banking needs are met with ease, further enhancing the overall customer experience. This progressive approach to technology not only supports seamless day-to-day banking operations but also positions the company as a forward-thinking player within the regional banking ecosystem.

Community-Centric Philosophy and Local Engagement

Beyond its technical and operational capabilities, First Bancshares maintains a community-centric philosophy. The company's roots in Hattiesburg and its subsequent expansion into neighboring states reflect its ongoing commitment to engaging with local communities and offering tailored financial solutions that foster regional economic growth. The local presence achieved through its network of offices across South Mississippi, Louisiana, and South Alabama allows the company to maintain strong relationships with customers, providing personalized banking experiences that cater specifically to the financial needs of the area. This local focus has fostered trust and reliability, making First Bancshares a stable and accessible financial partner for residents and businesses alike.

Competitive Landscape and Differentiation

In a competitive marketplace where financial institutions vie for customer attention, First Bancshares distinguishes itself through its well-rounded approach to banking. The company's strategic acquisitions have not only broadened its footprint but also enriched its product portfolio. By leveraging its regional market knowledge and combining it with a robust suite of traditional and digital banking services, the institution has carved out a niche that is both resilient and adaptable. While larger national banks may offer a wider geographical reach, First Bancshares' emphasis on local market understanding and customer service offers a personalized alternative that resonates strongly with its client base.

Expertise and Industry Insight

Drawing from decades of operational experience and deep regional insights, First Bancshares demonstrates a strong command over community-based banking. The institution's detailed and diversified approach to providing financial services illustrates a commitment to excellence and a sophisticated understanding of regional market dynamics. Its operations are structured to balance traditional banking methods with innovative financial solutions in a manner that optimizes both service delivery and customer experience. Such an approach ensures that the bank can address both simple and complex financial needs with clarity, precision, and efficiency.

Conclusion

Overall, First Bancshares stands out as a well-rounded financial institution with a clear focus on community-based banking and regional market engagement. Its comprehensive range of deposit products, lending solutions, and financial services, combined with strategic technological integrations, positions it as a steadfast entity in the regional banking sector. For investors and analysts seeking to understand its operational dynamics, the company represents a model of balanced growth and deep market integration, marked by a commitment to personalized service and financial accessibility.

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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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FAQ

What is the current stock price of First Bancshares (FBMS)?

The current stock price of First Bancshares (FBMS) is $33.81 as of April 2, 2025.

What is the market cap of First Bancshares (FBMS)?

The market cap of First Bancshares (FBMS) is approximately 1.1B.

What is the core business of First Bancshares?

First Bancshares operates as a bank holding company providing a variety of banking services including deposit accounts, commercial and personal loans, and wealth management solutions.

How has First Bancshares expanded its market presence?

The company has expanded through strategic acquisitions and de novo branch establishments across South Mississippi, Louisiana, and South Alabama, reinforcing its regional footprint.

What range of financial products does the company offer?

First Bancshares offers a comprehensive suite of products including checking, savings, and time deposit accounts, along with consumer and business loans, and residential mortgage loans.

How does First Bancshares integrate technology into its services?

The company incorporates online banking, mobile deposit capabilities, and voice response systems to enhance customer convenience and operational efficiency.

What market segments does First Bancshares serve?

The institution serves a diverse clientele including individuals, businesses, associations, and governmental authorities, primarily within its regional market areas.

In what ways does the bank differentiate itself from larger national banks?

Its focus on local market dynamics combined with personalized customer service and tailored financial solutions sets it apart from larger, more impersonal institutions.

What are the primary advantages of First Bancshares' regional focus?

A strong regional focus allows the bank to develop deep community ties, enabling it to offer customized financial products and maintain a high level of customer trust.
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