First Bancshares Inc (Mississippi)

NYSE:FBMSUnited States

Oct 23, 2024

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• -- Earnings Flash (FBMS) THE FIRST BANCSHARES Reports Q3 EPS $0.65, from 5:21PM ET on Wednesday Oct 23, 2024 by MT Newswires

  5:21PM ET on Wednesday Oct 23, 2024 by MT Newswires
  Companies Mentioned: FBMS
  05:21 PM EDT, 10/23/2024 (MT Newswires) -- ...

• The First Bancshares, Inc. Reports Results for Third Quarter Ended September 30, 2024, from 5:20PM ET on Wednesday Oct 23, 2024 by Dow Jones

  5:20PM ET on Wednesday Oct 23, 2024 by Dow Jones
  Companies Mentioned: FBMS
  Total non-interest expense $ 46,394 $ 44,089 $ 43,425 $ 44,433 $ 47,724 Pre-tax non-operating expenses (2,592) (352) (8) (594) (5,777) --------- --------- --------- --------- --------- Adjusted Operating Expense L $ 43,802 $ 43,737 $ 43,417 $ 43,839 $ 41,947 ========= ========= ========= ========= ========= Operating Revenue Net interest income, FTE $ 60,004 $ 58,797 $ 58,339 $ 58,651 $ 61,696 Total non-interest income 12,242 13,319 12,679 2,346 19,324 Pre-tax non-operating items -- -- -- 9,708 (6,197) --------- --------- --------- --------- --------- Adjusted Operating Revenue M $ 72,246 $ 72,116 $ 71,018 $ 70,705 $ 74,823 ========= ========= ========= ========= ========= Efficiency Ratio, operating L/M 60.63% 60.65% 61.14% 62.00% 56.06% Three Months Ended ------------------------------------------------------------------------------ Return Ratios Sept 30, 2024 June 30, 2024 Mar 31, 2024 Dec 31, 2023 Sept 30, 2023 -------------- -------------- -------------- -------------- -------------- Net income available to common shareholders N $ 18,571 $ 19,697 $ 20,628 $ 11,047 $ 24,360 Acquisition and charter conversion charges 2,592 352 8 593 588 Tax on acquisition and charter conversion charges (656) (89) (2) (150) (149) Treasury awards -- -- -- -- (6,197) Tax on Treasury awards -- -- -- -- 1,568 Contributions/consulting/advertising related to Treasury awards -- -- -- -- 5,190 Tax on contributions/consulting/advertising related to Treasury awards -- -- -- -- (1,313) Loss on securities repositioning -- -- -- 9,708 -- Tax loss on securities repositioning -- -- -- (2,457) -- --------- --------- --------- --------- --------- Net earnings available to common shareholders, operating O $ 20,507 $ 19,960 $ 20,634 $ 18,741 $ 24,047 ========= ========= ========= ========= ========= Three Months Ended ---------------------------------------------------------------- Sept 30, June 30, Mar 31, Dec 31, Sept 30, Pre-Tax Pre-Provision Operating Earnings 2024 2024 2024 2023 2023 ------------ ----------- ----------- ----------- ----------- Earnings before income taxes P $23,862 $25,374 $26,595 $14,328 $31,304 Acquisition and charter conversion charges 2,592 352 8 593 588 Provision for credit losses 1,000 1,650 -- 1,250 1,000 Treasury awards -- -- -- -- (6,197) Contributions/consulting/advertising related to Treasury awards -- -- -- -- 5,190 Loss on securities repositioning -- -- -- 9,708 -- ------ --- ------ ------ ------ ------ Pre-Tax, Pre-Provision Operating Earnings Q $27,454 $27,376 $26,603 $25,879 $31,885 ====== === ====== ====== ====== ====== Annualized return on avg assets N/A 0.94% 0.99% 1.03% 0.56% 1.24% Annualized return on avg assets, oper O/A 1.03% 1.01% 1.03% 0.95% 1.22% Annualized pre-tax, pre-provision, oper Q/A 1.38% 1.38% 1.33% 1.31% 1.62% Annualized return on avg common equity, oper O/C 8.41% 8.29% 8.66% 8.32% 10.63% Annualized return on avg tangible common equity, operating O/D 12.82% 12.76% 13.48% 13.41% 17.17% Three Months Ended ---------------------------------------------------------------- Sept 30, June 30, Mar 31, Dec 31, Sept 30, Capital Ratios 2024* 2024 2024 2023 2023 ------------ ----------- ----------- ----------- ----------- Common equity tier 1 (CET1) ratio 12.5% 12.4% 12.2% 12.1% 12.0% Leverage (Tier 1) ratio 10.3% 10.0% 9.7% 9.7% 9.6% Total risk based capital ratio 15.4% 15.3% 15.2% 15.0% 15.1% Tangible common equity ratio 8.9% 8.3% 8.1% 7.9% 7.3% *estimated
  

• *DJ First Bancshares 3Q EPS 59c >FBMS, from 5:20PM ET on Wednesday Oct 23, 2024 by Dow Jones

  5:20PM ET on Wednesday Oct 23, 2024 by Dow Jones
  Companies Mentioned: FBMS