FBMS - First Bancshares Inc.

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The First Bancshares, Inc. operates as the bank holding company for The First, A National Banking Association that provides commercial and retail banking services to small to medium-sized businesses, professional concerns, and individuals. It accepts various deposit products, including checking accounts, NOW accounts, and savings accounts; time deposits, such as money market accounts and certificates of deposit; and individual retirement accounts. The company also offers 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, and 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 or construct new homes, and to refinance existing mortgages. Further, the company offers Internet banking services, voice response telephone inquiry services, commercial sweep accounts, cash management services, safe deposit boxes, travelers' checks, direct deposit of payroll and social security checks, automatic drafts for various accounts, automated teller machines, and VISA and MasterCard credit card services. It operates through 27 branches, 1 motor bank facility, and 4 loan production offices in the states of Mississippi, Alabama, and Louisiana. The First Bancshares, Inc. was incorporated in 1995 and is headquartered in Hattiesburg, Mississippi.

 

The First Bancshares posts 3Q profit
HATTIESBURG, Miss. (AP) _ The First Bancshares Inc. (FBMS) on Friday reported third-quarter net income of $2.6 million.

The bank, based in Hattiesburg, Mississippi, said it had earnings of 45 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, came to 48 cents per share.

The bank holding company posted revenue of $13.2 million in the period.

The First Bancshares shares have dropped nearly 3 percent since the beginning of the year. The stock has climbed slightly more than 6 percent in the last 12 months.