First Bancshares Inc Miss (FBMS)

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

NASDAQ

Website

www.thefirstbank.com

CEO

M. Ray Cole

Incorporated

Mississippi

Location

Mississippi

Fiscal year end

Dec 31

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

National Commercial Banks

Citigroup • Wells Fargo & Co. • JPMorgan Chase & Co. • U.S. Bancorp. • PNC Financial Services • Capital One Financial • Shinhan Financial • HSBC USA • Regions Financial • Keycorp ...

Former names

COMMUNITY CAPITAL CORP /MS/

SEC CIK

0000947559

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

THE FIRST BANCSHARES, INC. ...

IRS number

640862173

FBMS stock data

1M 1Y 5Y

News

From Benzinga Pro

Benzinga's Top Ratings Upgrades, Downgrades For July 28, 2022

28 Jul 22

Janney Montgomery Scott Downgrades First Bancshares to Neutral

28 Jul 22

Janney Montgomery Scott analyst Christopher Marinac downgrades First Bancshares (NASDAQ:FBMS) from Buy to Neutral.

First Bancshares: Q2 Earnings Insights

27 Jul 22

First Bancshares (NASDAQ:FBMS) reported its Q2 earnings results on Wednesday, July 27, 2022 at 06:00 PM. Here's what investors need to know about the announcement.

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

From Benzinga Pro

SHAREHOLDER INVESTIGATION NOTICE: Halper Sadeh LLP Investigates VMW, ZEN, EGY, FBMS

3 Aug 22

NEW YORK, Aug. 3, 2022 /PRNewswire/ -- Halper Sadeh LLP, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties

The First Bancshares to Participate in 2022 KBW Community Bank Investor Conference

2 Aug 22

The First Bancshares, Inc. (NASDAQ:FBMS), holding company for The First Bank, (www.thefirstbank.com) will participate in the 2022 KBW Community Bank Investor Conference, which is being held August 1, 2022 through August

The First Bancshares, Inc. Completes Acquisition of Beach Bancorp, Inc.

1 Aug 22

The First Bancshares, Inc. (NASDAQ:FBMS) ("First Bancshares" or the "Company"), the holding company for The First Bank ("The First"), announced today that it has completed its acquisition of Beach Bancorp, Inc. ("BBI").

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

Data from SEC filings

Securities sold

Number of investors

Calendar

10 May 22

12 Aug 22

31 Dec 22

Financial summary

Financial statements Chart FBMS financial data

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

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

FBMS insider ownership history Insider history

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

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

FBMS institutional ownership history Ownership history

62.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	109	102	+6.9%
Opened positions	16	14	+14.3%
Closed positions	9	5	+80.0%
Increased positions	43	31	+38.7%
Reduced positions	29	33	-12.1%

13F shares	Current	Prev Q	Change
Total value	429.92M	1.36B	-68.4%
Total shares	12.77M	13.35M	-4.3%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
TROW T. Rowe Price	2.58M	$86.92M	-0.6%
BLK Blackrock	1.73M	$58.12M	+5.3%
Vanguard	1.02M	$34.46M	-4.1%
Royce & Associates	750.55K	$25.26M	+24.2%
STT State Street	557.25K	$18.76M	+0.1%
Manufacturers Life Insurance Company, The	551.27K	$18.56M	+0.1%
Dimensional Fund Advisors	536.15K	$18.05M	+5.5%
Stieven Capital Advisors	485.5K	$16.34M	-1.5%
EJF Capital	435.35K	$14.65M	-72.3%
Mendon Capital Advisors	425K	$14.31M	+26.9%

Largest transactions	Shares	Bought/sold	Change
EJF Capital	435.35K	-1.14M	-72.3%
Royce & Associates	750.55K	+146.41K	+24.2%
Mendon Capital Advisors	425K	+90K	+26.9%
BLK Blackrock	1.73M	+86.6K	+5.3%
HoldCo Asset Management	280.08K	-70.4K	-20.1%
Bridgeway Capital Management	117.3K	+51K	+76.9%
Vanguard	1.02M	-43.82K	-4.1%
Healthcare Of Ontario Pension Plan Trust Fund	40.4K	+40.4K	NEW
Cornercap Investment Counsel	31.18K	+31.18K	NEW
Millennium Management	92.18K	+28.05K	+43.7%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

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

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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

From filing 10-Q 2022 Q1

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