First Bancshares, Inc. Announces Annual Cash Dividend of $0.30 Per Share

Rhea-AI Summary

First Bancshares (OTCQX: FBSI) declared an annual cash dividend of $0.30 per share on March 10, 2023. This dividend is payable on April 15, 2023, to shareholders of record by the close of business on April 1, 2023. The company operates Stockmens Bank, with its headquarters in Colorado Springs and additional offices in Missouri and Nebraska, providing essential financial services.

Positive

• Annual cash dividend of $0.30 per share strengthens shareholder income.
• Company's operational presence in Colorado, Missouri, and Nebraska enhances market reach.

Negative

• None.

MOUNTAIN GROVE, Miss., March 10, 2023 (GLOBE NEWSWIRE) -- First Bancshares, Inc. (OTCQX: FBSI), the holding company for Stockmens Bank (“Bank”), Colorado Springs, Colorado, announced today that its Board of Directors declared an annual cash dividend of $0.30 per share on the Company’s outstanding common stock. The cash dividend will be payable on April 15, 2023 to shareholders of record as of the close of business on April 1, 2023.

About the Company

First Bancshares, Inc. is the holding company for Stockmens Bank, a FDIC-insured commercial bank chartered by the State of Colorado that conducts business from its home office in Colorado Springs, Colorado, and eight full-service offices in the Missouri cities of Mountain Grove, Marshfield, Ava, Kissee Mills, Gainesville, Hartville, Crane and Springfield, as well as full-service offices in Akron, Colorado and Bartley, Nebraska.

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. These forward-looking statements 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 laws and regulations applicable to financial services companies; 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.

FAQ

What is the dividend amount declared by First Bancshares (FBSI) in 2023?

First Bancshares declared a dividend of $0.30 per share.

When will the dividend be paid to shareholders of First Bancshares (FBSI)?

The dividend will be paid on April 15, 2023.

What is the record date for the First Bancshares (FBSI) dividend?

The record date for the dividend is April 1, 2023.

Where is First Bancshares (FBSI) headquartered?

First Bancshares is headquartered in Colorado Springs, Colorado.

What does First Bancshares (FBSI) do?

First Bancshares is the holding company for Stockmens Bank, providing commercial banking services.