FBMS - Earnings announcements

Announces Five-Year Community Benefit Plan Renasant Corporation (NYSE:RNST) ("Renasant") and The First Bancshares, Inc. ("The First") (NYSE:FBMS) jointly announced today that they have entered into a definitive agreement and plan of merger, pursuant to which The First will merge with and into Renasant (the "Merger") in an all-stock transaction valued at approximately $1.2 billion, based on Renasant's closing stock price as of July 26, 2024. The Merger has been approved unanimously by each company's board of directors and is expected to close in the first half of 2025. Completion of the transaction is subject to customary closing conditions, including the receipt of required regulatory app

The First Bancshares, Inc. ("FBMS" or "the Company") (NYSE:FBMS), holding company for The First Bank, (www.thefirstbank.com) reported today financial results for the quarter ended June 30, 2024. Highlights for the Quarter: Net income available to common shareholders totaled $19.7 million for the quarter ended June 30, 2024, representing a decrease of 4.5% when compared to $20.6 million for the quarter ended March 31, 2024. The Company recorded $1.7 million provision for credit losses for the quarter ended June 30, 2024 and no provision for credit losses for the quarter ended March 31, 2024. Pre-tax pre-provision operating earnings (non-GAAP) totaled $27.4 million for the quarter en

The First Bancshares, Inc. ("FBMS" or "the Company") (NYSE:FBMS), holding company for The First Bank, (www.thefirstbank.com) will announce 2024 second quarter results following the NYSE's closing on Wednesday, July 24, 2024. The Company will hold executive management's quarterly conference call on Thursday, July 25, 2024 at 11:00 AM Eastern Time (10:00 AM Central Time). The webcast is accessible by clicking on the following link: https://register.vevent.com/register/BI543394697ff8411dad8a7bcdd9804108 The webcast will be archived on www.thefirstbank.com after the call. About The First Bancshares, Inc. The First Bancshares, Inc., headquartered in Hattiesburg, Mississippi, is the par

The First Bancshares, Inc. ("FBMS" or "the Company") (NASDAQ:FBMS), holding company for The First Bank, (www.thefirstbank.com) reported today financial results for the quarter ended March 31, 2024. Highlights for the Quarter: Net income available to common shareholders totaled $20.6 million for the quarter ended March 31, 2024, representing an increase of 86.7% when compared to $11.0 million for the quarter ended December 31, 2023. Several one-time items are detailed in the tables located in the appendix of this release. Excluding one-time items detailed in the tables located in the appendix of this release, net earnings available to common shareholders, operating (non-GAAP) increas

The First Bancshares, Inc. ("FBMS" or "the Company") (NASDAQ:FBMS), holding company for The First Bank, (www.thefirstbank.com) will announce 2024 first quarter results following the NASDAQ's closing on Wednesday, April 24, 2024. The Company will hold executive management's quarterly conference call on Thursday, April 25, 2024 at 11:00 AM Eastern Time (10:00 AM Central Time). The webcast is accessible by clicking on the following link: https://register.vevent.com/register/BIbc177289ae6b45cc8d010c66fc8b81d9 The webcast will be archived on www.thefirstbank.com after the call. About The First Bancshares, Inc. The First Bancshares, Inc., headquartered in Hattiesburg, Mississippi, is th

The First Bancshares, Inc. ("FBMS" or "the Company") (NASDAQ:FBMS), holding company for The First Bank, (www.thefirstbank.com) reported today financial results for the quarter ended December 31, 2023. Highlights for the quarter: Net income available to common shareholders totaled $11.0 million for the quarter ended December 31, 2023, representing a decrease of 54.7% when compared to $24.4 million for the quarter ended September 30, 2023. Several one-time items are detailed in the tables located in the appendix of this release. Excluding one-time items detailed in the tables located in the appendix of this release, net earnings available to common shareholders, operating (non-GAAP) d

First Bancshares, Inc. (NASDAQ:FBMS) (the "Company"), holding company of The First Bank ("The First"), has announced the repositioning of a portion of its securities portfolio and information regarding its 2023 Fourth Quarter earnings call. Securities Portfolio Repositioning In December 2023, The First sold $123 million in available-for-sale securities with a weighted average book yield of 1.12% and average remaining life of 3 years. The First recognized a pre-tax loss on the sale of $9.7 million. The First reinvested the proceeds of the sale in available-for-sale bonds in the amount of $92 million with a weighted average life of 6 years and an average book yield of 5.33%. The First als

The First Bancshares, Inc. ("FBMS" or "the Company") (NASDAQ:FBMS), holding company for The First Bank, (www.thefirstbank.com) reported today financial results for the quarter ended September 30, 2023. Highlights for the Quarter: Net income available to common shareholders totaled $24.4 million for the quarter ended September 30, 2023, representing an increase of 2.4% when compared to $23.8 million for the quarter ended June 30, 2023. Several one-time items are detailed in the tables located in the appendix of this release. Excluding one-time items detailed in the tables located in the appendix of this release, net earnings available to common shareholders, operating (non-GAAP) dec

The First Bancshares, Inc. ("FBMS" or "the Company") (NASDAQ:FBMS), holding company for The First Bank, (www.thefirstbank.com) will announce 2023 third quarter results following the NASDAQ's closing on Wednesday, October 25, 2023. The Company will hold executive management's quarterly conference call on Thursday, October 26, 2023 at 10:00 AM Eastern Time (9:00 AM Central Time). The webcast is accessible by clicking on the following link: https://register.vevent.com/register/BI68bf3aa848aa45e49109eb1ad52aff4f The webcast will be archived on www.thefirstbank.com after the call. About The First Bancshares, Inc. The First Bancshares, Inc., headquartered in Hattiesburg, Mississippi, is

The First Bancshares, Inc. ("FBMS" or "the Company") (NASDAQ:FBMS), holding company for The First Bank, (www.thefirstbank.com) reported today financial results for the quarter ended June 30, 2023. Highlights: Net income available to common shareholders totaled $23.8 million for the quarter ended June 30, 2023, representing an increase of 46.1% when compared to $16.3 million for the quarter ended March 31, 2023. Several one-time items are detailed in the tables located in the appendix of this release. Excluding one-time items detailed in the tables located in the appendix of this release, net earnings available to common shareholders, operating (non-GAAP) decreased $0.3 million, or 1

The First Bancshares, Inc. ("FBMS" or "the Company") (NASDAQ:FBMS), holding company for The First Bank, (www.thefirstbank.com) reported today financial results for the quarter ended March 31, 2023. Highlights: Effective January 1, 2023, the Company closed its acquisition of Heritage Southeast Bancorporation, Inc., parent company of Heritage Southeast Bank ("Heritage Bank") based in Jonesboro, Georgia. Heritage Bank increased the Company's presence in Southern Georgia as well as provided entry into the fast growing markets of Atlanta and Savannah, Georgia and Jacksonville, Florida. Heritage Bank added approximately $1.6 billion of assets and twenty four locations. During the quarter,

The First Bancshares, Inc. ("FBMS" or "the Company") (NASDAQ:FBMS), holding company for The First Bank, (www.thefirstbank.com) reported today financial results for the quarter ended December 31, 2022. Highlights: Effective January 1, 2023, the Company closed its acquisition of Heritage Southeast Bancorporation, Inc., parent company of Heritage Southeast Bank ("Heritage Bank") based in Jonesboro, Georgia. Heritage Bank will increase the Company's presence in Southern Georgia as well as provide entry into the fast growing markets of Atlanta and Savannah, Georgia and Jacksonville, Florida. Heritage Bank will add approximately $1.6 billion of assets and twenty four locations. Systems convers

The First Bancshares, Inc. ("FBMS" or "the Company") (NASDAQ:FBMS), holding company for The First Bank, (www.thefirstbank.com) reported today financial results for the quarter ended September 30, 2022. Highlights for the Quarter: Effective August 1, 2022, the Company closed its acquisition of Beach Bancorp, Inc., parent company of Beach Bank (together with Beach Bancorp, Inc., "Beach Bank"), headquartered in Fort Walton, FL. Beach Bank added 7 locations servicing the Florida Panhandle as well as Tampa, FL. Systems conversion is scheduled for the fourth quarter of 2022. During the quarter, the Company entered into a definitive agreement to acquire Heritage Southeast Bancorporation, Inc.

The First Bancshares, Inc. ("FBMS" or "the Company") (NASDAQ:FBMS), holding company for The First Bank, (www.thefirstbank.com) reported today net income available to common shareholders for the quarter ended June 30, 2022. Highlights for the Quarter: Today, the Company announced that it has entered into a definitive agreement to acquire Heritage Southeast Bancorporation, Inc., parent company of Heritage Southeast Bank ("Heritage Bank") based in Jonesboro, Georgia. The proposed transaction will increase the Company's presence in Southern Georgia as well as provide entry into the fast growing markets of Atlanta and Savannah, Georgia and Jacksonville, Florida. Heritage Bank will add approxi

The First Bancshares, Inc. (NASDAQ:FBMS) ("First Bancshares" or "the Company"), parent company of The First Bank ("The First") and Heritage Southeast Bancorporation, Inc. (OTCQX:HSBI) ("HSBI"), parent company of Heritage Southeast Bank, announced today execution of a definitive merger agreement, pursuant to which the Company has agreed to acquire HSBI. Upon the completion of the acquisition, Heritage Southeast Bank will merge with and into The First Bank. The proposed transactions will deepen The First's presence in Georgia and Florida, including providing The First with entry points into the Atlanta, Savannah, and Jacksonville markets. This press release features multimedia. View the full

The First Bancshares, Inc. (NASDAQ:FBMS), holding company for The First Bank (www.thefirstbank.com), will announce second quarter 2022 financial results on Wednesday, July 27, 2022 after the market closes. Management will host a conference call for analysts and investors at 1:00 p.m. Central Time on Thursday, July 28, 2022 to review the results. Investors and analysts may participate by clicking on the Participant Conference Link: https://register.vevent.com/register/BI3b2b627ac8b444d4aa67f6094dbeb0c4. An audio archive of the conference call along with the transcript will be available within 24-48 hours after the call and placed in the Investor Relations section of our website. About The

The First Bancshares, Inc. ("FBMS" or "the Company") (NASDAQ:FBMS), holding company for The First Bank, (www.thefirstbank.com) reported today net income available to common shareholders for the quarter ended March 31, 2022. Highlights for the Quarter: Today, the Company announced that it has entered into a definitive agreement to acquire Beach Bancorp, Inc., parent company of Beach Bank based in Fort Walton Beach, Florida. The proposed transaction will deepen The First's presence in the Florida panhandle, while also providing an entry into the Tampa, Florida market. Beach Bank will add approximately $620 million of assets and seven locations, six in northwest Florida and 1 in Tampa, Flor

The First Bancshares, Inc. (NASDAQ:FBMS) ("First Bancshares" or "the Company"), holding company for The First Bank ("The First"), announced today that it has entered into a definitive agreement to acquire Beach Bancorp, Inc. ("BBI"), parent company of Beach Bank based in Fort Walton Beach, Florida. The proposed transactions will deepen The First's presence in the Florida panhandle, while also providing an entry into the Tampa, Florida market. Upon the completion of the acquisition, Beach Bank will merge with and into The First Bank. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220426006182/en/ Beach Bank operates seven branches