The First Bancshares, Inc., headquartered in Hattiesburg, Mississippi, is the parent company of The First, A National Banking Association ('The First'). Founded in 1996, The First has operations in Mississippi, Louisiana, Alabama, Florida and Georgia.

Company profile
Ticker
FBMS
Exchange
Website
CEO
M. Ray Cole
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
COMMUNITY CAPITAL CORP /MS/
SEC CIK
Corporate docs
Subsidiaries
THE FIRST BANCSHARES, INC. ...
IRS number
640862173
FBMS stock data
News

Benzinga's Top Ratings Upgrades, Downgrades For July 28, 2022
28 Jul 22
Janney Montgomery Scott Downgrades First Bancshares to Neutral
28 Jul 22
First Bancshares: Q2 Earnings Insights
27 Jul 22
First Bancshares Q2 EPS $0.80 Misses $0.81 Estimate, Sales $42.10M Miss $43.32M Estimate
27 Jul 22
Earnings Scheduled For July 27, 2022
27 Jul 22
Press releases
SHAREHOLDER INVESTIGATION NOTICE: Halper Sadeh LLP Investigates VMW, ZEN, EGY, FBMS
3 Aug 22
The First Bancshares to Participate in 2022 KBW Community Bank Investor Conference
2 Aug 22
The First Bancshares, Inc. Completes Acquisition of Beach Bancorp, Inc.
1 Aug 22
Lifshitz Law PLLC Announces Investigation of RFP, RNWK, FBMS and SMED
30 Jul 22
SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating The First Bancshares, Inc. Merger
29 Jul 22
Investment data
Securities sold
Number of investors
Calendar
10 May 22
12 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 802.61M | 802.61M | 802.61M | 802.61M | 802.61M | 802.61M |
Cash burn (monthly) | 39.03M | 9.76M | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 172.7M | 43.18M | n/a | n/a | n/a | n/a |
Cash remaining | 629.91M | 759.44M | n/a | n/a | n/a | n/a |
Runway (months of cash) | 16.1 | 77.8 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
13 Jun 22 | M Ray Cole JR | COMMON STOCK | Payment of exercise | Dispose F | No | No | 28.84 | 1,379 | 39.77K | 118,559 |
13 Jun 22 | Donna T Rutland | COMMON STOCK | Payment of exercise | Dispose F | No | No | 28.84 | 166 | 4.79K | 51,644 |
19 May 22 | M Ray Cole JR | COMMON STOCK | Grant | Acquire A | No | No | 0 | 34,990 | 0 | 119,938 |
19 May 22 | Donna T Rutland | COMMON STOCK | Grant | Acquire A | No | No | 0 | 9,761 | 0 | 51,810 |
Institutional ownership, Q1 2022
62.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 109 |
Opened positions | 16 |
Closed positions | 9 |
Increased positions | 43 |
Reduced positions | 29 |
13F shares | Current |
---|---|
Total value | 429.92M |
Total shares | 12.77M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
TROW T. Rowe Price | 2.58M | $86.92M |
BLK Blackrock | 1.73M | $58.12M |
Vanguard | 1.02M | $34.46M |
Royce & Associates | 750.55K | $25.26M |
STT State Street | 557.25K | $18.76M |
Manufacturers Life Insurance Company, The | 551.27K | $18.56M |
Dimensional Fund Advisors | 536.15K | $18.05M |
Stieven Capital Advisors | 485.5K | $16.34M |
EJF Capital | 435.35K | $14.65M |
Mendon Capital Advisors | 425K | $14.31M |
Financial report summary
?Management Discussion
- The Company reported net income available to common shareholders of $16.8 million for the three months ended March 31, 2022, compared with net income available to common shareholders of $16.6 million for the same period last year, an increase of $185 thousand or 1.1%. For the first quarter of 2022, fully diluted earnings per share were $0.81, compared to $0.79 for the first quarter of 2021.
- Operating net earnings, a non-GAAP financial measure, for the first quarter of 2022 totaled $15.0 million compared to $16.6 million for the first quarter of 2021, a decrease of $1.7 million or 10.0%. Operating net earnings, which is a non-GAAP financial measure, for the first quarter of 2022 excludes merger and conversion related costs of $305 thousand, net of tax, financial assistance grant from the U.S. Treasury of $524 thousand, net of tax, and bank-owned life insurance (“BOLI”) death proceeds of $1.6 million. Diluted operating earnings per share, a non-GAAP financial measure, were $0.72 on a fully diluted basis for the first quarter 2022, compared to $0.79 for the same period in 2021, excluding the costs and income described above. See reconciliation of non-GAAP financial measures provided below.
- Net interest income for the first quarter 2022 was $38.6 million, a decrease of $590 thousand or 1.5%, for the three months ended March 31, 2022, compared to $39.2 million for the same period in 2021. Fully tax equivalent (“FTE”) net interest income, which is a non-GAAP measure, totaled $39.5 million and $39.9 million for the first quarter of 2022 and 2021, respectively. Purchase accounting adjustments decreased $226 thousand for the first quarter comparisons. First quarter 2022 FTE net interest margin, which is a non-GAAP measure, of 2.78% included 5 basis points related to purchase accounting adjustments compared to 3.34% for the same quarter in 2021, which included 9 basis points related to purchase accounting adjustments. Excluding the purchase accounting adjustments, the net interest margin decreased 52 basis points in prior year quarterly comparison. See reconciliation of non-GAAP financial measures provided below.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Avg
|
New words:
Bancorp, BBI, Beach, calendar, charter, conflict, coupled, death, eliminate, forma, geopolitical, gradually, half, illustrative, immaterial, impracticable, larger, member, military, ongoing, paragraph, pro, recognition, Russia, simultaneously, terrorism, Topic, transparency, Ukraine, vintage, wholly
Removed:
accreted, adapt, Administration, agency, ALLL, allocated, American, approved, ARP, assessment, assist, attempting, bearing, begin, broader, CAA, calculating, carryback, carryover, charged, chart, Codification, commerce, compliant, complying, concept, conditioned, counter, covered, creating, creation, declared, deductible, defer, disrupted, disruption, distancing, downturn, earlier, earned, easing, eligible, enacted, encourage, entry, establish, evidence, evidencing, executed, expectation, expedient, faith, fee, fill, forbearance, foreseeable, gas, good, hindered, ii, individual, inform, insignificant, intent, introduced, LDG, led, legacy, lender, lowered, maximize, noncredit, nonessential, oil, opened, OREO, outbreak, package, par, partial, payroll, PCI, pooled, pooling, portal, PPPFA, practical, proactively, processing, prospective, protect, rapid, rated, receiving, rehiring, remitted, removed, rent, replaced, Rescue, reserved, restructuring, retrospective, revised, round, SBA, segregated, shelter, slight, small, social, speed, spent, spread, stem, strategy, strict, struggling, sum, targeted, travel, trillion, Trump, unable, uncertain, uncollectability, unique, unit, unprecedented, usage, vacant, volatility, widespread, work, working, World
Financial reports
Current reports
8-K
Regulation FD Disclosure
2 Aug 22
8-K
Results of Operations and Financial Condition
1 Aug 22
8-K
Entry into a Material Definitive Agreement
1 Aug 22
8-K
Departure of Directors or Certain Officers
27 Jul 22
8-K
Results of Operations and Financial Condition
27 Jul 22
8-K
The First Bancshares, Inc. and Heritage Southeast Bancorporation, Inc. Announce Proposed Merger Transaction
27 Jul 22
8-K
Other Events
6 Jul 22
8-K
Submission of Matters to a Vote of Security Holders
23 May 22
8-K
Regulation FD Disclosure
19 May 22
8-K
Entry into a Material Definitive Agreement
2 May 22
Registration and prospectus
425
Business combination disclosure
5 Aug 22
425
Business combination disclosure
1 Aug 22
S-8
Registration of securities for employees
1 Aug 22
425
Business combination disclosure
27 Jul 22
425
Business combination disclosure
27 Jul 22
425
Business combination disclosure
27 Jul 22
425
Business combination disclosure
27 Jul 22
425
Business combination disclosure
27 Jul 22
425
Business combination disclosure
6 Jul 22
424B3
Prospectus supplement
22 Jun 22
Proxies
DEFA14A
Additional proxy soliciting materials
6 Apr 22
DEFA14A
Additional proxy soliciting materials
7 Apr 21
DEFA14A
Additional proxy soliciting materials
11 May 20
DEFA14A
Additional proxy soliciting materials
15 Apr 20
DEFA14A
Additional proxy soliciting materials
3 Apr 19
DEF 14A
Definitive proxy
10 Apr 18
Other
EFFECT
Notice of effectiveness
22 Jun 22
CORRESP
Correspondence with SEC
15 Jun 22
UPLOAD
Letter from SEC
2 Jun 22
EFFECT
Notice of effectiveness
18 Dec 20
CORRESP
Correspondence with SEC
14 Dec 20
UPLOAD
Letter from SEC
29 Nov 20
EFFECT
Notice of effectiveness
8 Sep 20
CORRESP
Correspondence with SEC
1 Sep 20
UPLOAD
Letter from SEC
1 Sep 20
EFFECT
Notice of effectiveness
20 Feb 20
Ownership
3
FIRST BANCSHARES / JONATHAN A LEVY ownership change
11 Aug 22
SC 13G
FIRST BANCSHARES / T. Rowe Price Investment Management ownership change
10 Aug 22
SC 13G/A
FIRST BANCSHARES / PRICE T ROWE ASSOCIATES ownership change
10 Aug 22
11-K
Annual report of employee stock purchases
15 Jul 22
4
FIRST BANCSHARES / DONNA T RUTLAND ownership change
15 Jun 22
4
FIRST BANCSHARES / M RAY COLE JR ownership change
15 Jun 22
4
FIRST BANCSHARES / DONNA T RUTLAND ownership change
23 May 22
4
FIRST BANCSHARES / M RAY COLE JR ownership change
23 May 22
4
FIRST BANCSHARES / J DOUGLAS SEIDENBURG ownership change
3 Mar 22
4
FIRST BANCSHARES / J DOUGLAS SEIDENBURG ownership change
2 Mar 22
Reddit threads
Daily Discussion Thread - August 5th, 2022
5 Aug 22
Daily Discussion Thread - July 27th, 2022
27 Jul 22
Daily Discussion Thread - July 26th, 2022
26 Jul 22
Daily Discussion Thread - July 25th, 2022
25 Jul 22
Daily General Discussion and Advice Thread - July 14, 2022
14 Jul 22
Daily Discussion Thread - May 9th, 2022
9 May 22
Daily Discussion Thread - May 6th, 2022
6 May 22
Daily Discussion Thread - April 27th, 2022
27 Apr 22
Daily Discussion Thread - April 26th, 2022
26 Apr 22
Daily Discussion Thread - April 20th, 2022
20 Apr 22