The First Bancshares, Inc. operates as the bank holding company for The First, A National Banking Association that provides general commercial and retail banking services. The company operates through three segments: Commercial/Retail Bank, Mortgage Banking Division, and Holding Company. It offers deposit services, including checking, NOW, and savings accounts; other time deposits, such as daily money market accounts and longer-term certificates of deposit; and individual retirement and health savings accounts. The company also provides commercial loans comprising secured and unsecured loans for working capital, business expansion, and purchase of equipment and machinery; consumer loans consisting of equity lines of credit, as well as secured and unsecured loans for financing automobiles, home improvements, education, and personal investments; and real estate construction and acquisition loans. In addition, it originates loans to purchase existing residential homes or construct new homes, and to refinance existing mortgages; and provides financial and wealth management services. Further, the company offers internet banking services, automated teller machines, voice response telephone inquiry services, commercial sweep accounts, cash management services, safe deposit boxes, merchant, mobile deposit, direct deposit of payroll and social security checks, automatic drafts for various accounts, and credit card services. It primarily serves small to medium-sized businesses, professional concerns, individuals, associations and organizations, and governmental authorities. As of December 31, 2020, the company operated 84 locations in Mississippi, Alabama, Florida, Georgia and Louisiana. The First Bancshares, Inc. was incorporated in 1995 and is headquartered in Hattiesburg, Mississippi.
IPO Year:
Exchange: NASDAQ
Website: thefirstbank.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/24/2024 | Buy → Neutral | Janney | |
| 8/2/2024 | $31.00 → $40.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 7/29/2024 | $29.00 → $32.50 | Market Perform | Hovde Group |
| 5/6/2024 | $29.50 → $28.00 | Market Perform | Hovde Group |
| 8/29/2023 | $34.00 | Neutral → Buy | DA Davidson |
| 1/4/2023 | $35.00 | Outperform → Market Perform | Hovde Group |
| 11/9/2022 | $33.50 → $39.00 | Neutral → Buy | Janney |
| 10/31/2022 | $38.00 | Market Perform → Outperform | Hovde Group |
| 7/28/2022 | Buy → Neutral | Janney |
15-12G - FIRST BANCSHARES INC /MS/ (0000947559) (Filer)
15-12G - FIRST BANCSHARES INC /MS/ (0000947559) (Filer)
EFFECT - FIRST BANCSHARES INC /MS/ (0000947559) (Filer)
EFFECT - FIRST BANCSHARES INC /MS/ (0000947559) (Filer)
POS AM - FIRST BANCSHARES INC /MS/ (0000947559) (Filer)
POS AM - FIRST BANCSHARES INC /MS/ (0000947559) (Filer)
S-8 POS - FIRST BANCSHARES INC /MS/ (0000947559) (Filer)
S-8 POS - FIRST BANCSHARES INC /MS/ (0000947559) (Filer)
S-8 POS - FIRST BANCSHARES INC /MS/ (0000947559) (Filer)
S-8 POS - FIRST BANCSHARES INC /MS/ (0000947559) (Filer)
Janney downgraded First Bancshares from Buy to Neutral
Keefe Bruyette upgraded First Bancshares from Mkt Perform to Outperform and set a new price target of $40.00 from $31.00 previously
Hovde Group reiterated coverage of First Bancshares with a rating of Market Perform and set a new price target of $32.50 from $29.00 previously
Hovde Group reiterated coverage of First Bancshares with a rating of Market Perform and set a new price target of $28.00 from $29.50 previously
DA Davidson upgraded First Bancshares from Neutral to Buy and set a new price target of $34.00
Hovde Group downgraded First Bancshares from Outperform to Market Perform and set a new price target of $35.00
Janney upgraded First Bancshares from Neutral to Buy and set a new price target of $39.00 from $33.50 previously
Hovde Group upgraded First Bancshares from Market Perform to Outperform and set a new price target of $38.00
Janney downgraded First Bancshares from Buy to Neutral
DA Davidson downgraded First Bancshares from Buy to Neutral and set a new price target of $44.50 from $44.00 previously
4 - FIRST BANCSHARES INC /MS/ (0000947559) (Issuer)
4 - FIRST BANCSHARES INC /MS/ (0000947559) (Issuer)
4 - FIRST BANCSHARES INC /MS/ (0000947559) (Issuer)
4 - FIRST BANCSHARES INC /MS/ (0000947559) (Issuer)
4 - FIRST BANCSHARES INC /MS/ (0000947559) (Issuer)
4 - FIRST BANCSHARES INC /MS/ (0000947559) (Issuer)
4 - FIRST BANCSHARES INC /MS/ (0000947559) (Issuer)
4 - FIRST BANCSHARES INC /MS/ (0000947559) (Issuer)
4 - FIRST BANCSHARES INC /MS/ (0000947559) (Issuer)
4 - FIRST BANCSHARES INC /MS/ (0000947559) (Issuer)
TUPELO, Miss. and HATTIESBURG, Miss., March 17, 2025 (GLOBE NEWSWIRE) -- Renasant Corporation (NYSE:RNST) ("Renasant") and The First Bancshares, Inc. (NYSE:FBMS) ("The First") jointly announced today that they have received all necessary regulatory approvals to complete the proposed merger of The First with and into Renasant, and the related merger of The First's wholly owned subsidiary, The First Bank, with and into Renasant Bank, Renasant's wholly owned subsidiary. Renasant and The First previously announced that their respective shareholders approved the proposed merger at special shareholder meetings on October 22, 2024. "We're excited to have received regulatory approval to move forw
The First Bancshares, Inc. ("FBMS" or "the Company") (NYSE:FBMS), holding company for The First Bank ("the Bank"), (www.thefirstbank.com) reported today financial results for the quarter ended December 31, 2024. Highlights for the quarter: Net income available to common shareholders totaled $18.3 million for the quarter ended December 31, 2024, representing a decrease of 1.5% when compared to $18.6 million for the quarter ended September 30, 2024. The Company recorded $1.1 million provision for credit losses for the quarter ended December 31, 2024 and $1.0 million provision for credit losses for the quarter ended September 30, 2024. Excluding one-time items detailed in the tables l
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 September 30, 2024. Highlights for the Quarter: Net income available to common shareholders totaled $18.6 million for the quarter ended September 30, 2024, representing a decrease of 5.7% when compared to $19.7 million for the quarter ended June 30, 2024. The Company recorded $1.0 million provision for credit losses for the quarter ended September 30, 2024 and $1.7 million provision for credit losses for the quarter ended June 30, 2024. Excluding one-time items detailed in the tables located in the appendix o
The First Bancshares, Inc. ("The First") (NYSE:FBMS), holding company for The First Bank, (www.thefirstbank.com), announced today that the previously announced merger between The First and Renasant Corporation ("Renasant"), pursuant to the Agreement and Plan of Merger, dated as of July 29, 2024, (the "Merger Agreement"), has been approved by its shareholders. Completion of the transaction remains subject to customary closing conditions, including the receipt of required regulatory approvals. About The First Bancshares, Inc. The First Bancshares, Inc., headquartered in Hattiesburg, Mississippi, is the parent company of The First Bank. Founded in 1996, The First Bank has operations in Missi
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. (NASDAQ:FBMS), holding company for The First Bank, (www.thefirstbank.com) will participate in the 2024 Gulf South Bank Conference, which is being held April 29, 2024 through April 30, 2024 at the Four Seasons Hotel, New Orleans, Louisiana and will have one-on-one meetings with certain bank stock analysts and investors. The presentation prepared for use during these meetings is available at the company's website www.thefirstbank.com under Investor Relations>Presentations and Press Releases>Presentations. The First Bancshares, Inc., headquartered in Hattiesburg, Mississippi, is the parent company of The First Bank. Founded in 1996, the First has operations in Mi
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") (NYSE:FBMS), holding company for The First Bank ("the Bank"), (www.thefirstbank.com) reported today financial results for the quarter ended December 31, 2024. Highlights for the quarter: Net income available to common shareholders totaled $18.3 million for the quarter ended December 31, 2024, representing a decrease of 1.5% when compared to $18.6 million for the quarter ended September 30, 2024. The Company recorded $1.1 million provision for credit losses for the quarter ended December 31, 2024 and $1.0 million provision for credit losses for the quarter ended September 30, 2024. Excluding one-time items detailed in the tables l
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 September 30, 2024. Highlights for the Quarter: Net income available to common shareholders totaled $18.6 million for the quarter ended September 30, 2024, representing a decrease of 5.7% when compared to $19.7 million for the quarter ended June 30, 2024. The Company recorded $1.0 million provision for credit losses for the quarter ended September 30, 2024 and $1.7 million provision for credit losses for the quarter ended June 30, 2024. Excluding one-time items detailed in the tables located in the appendix o
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. (NASDAQ:FBMS) ("First Bancshares" or the "Company"), the holding company for The First Bank, announced today that M. Ray "Hoppy" Cole, Jr., the Chief Executive Officer of First Bancshares, assumed the additional position of Chairman of the Board of Directors of each of First Bancshares and The First Bank, effective August 18, 2022. E. Ricky Gibson, the former Chairman of the Board of First Bancshares, will continue to serve as a member of the Board of Directors of each of First Bancshares and The First Bank, and Ted E. Parker has been appointed to serve as Lead Independent Director, effective as of August 18, 2022. Mr. Cole said, "Ricky has been an integral part
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