First Bancshares, Inc. (FBSI)

First Bancshares Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Interest Income on Loans	34.17	29.38	26.3	18.8	17.26
Interest Income on Investments	-	3.15	2.02	0.59	0.31
Total Interest Income	34.17	32.53	28.32	19.39	17.57
Interest Paid on Deposits	9.57	10.51	7.02	1.57	1.12
Interest Paid on Borrowings	-	0.12	0.41	0.08	0.01
Total Interest Expense	9.57	10.63	7.44	1.65	1.14
Net Interest Income	24.6	21.9	20.89	17.74	16.43
Net Interest Income Growth (YoY)	12.29%	4.86%	17.76%	7.96%	17.71%
Gain (Loss) on Sale of Assets	-	0	0.08	-	0.13
Gain (Loss) on Sale of Investments	-	-	-	-	0.13
Other Non-Interest Income	1.56	0.67	0.73	0.71	0.44
Total Non-Interest Income	1.56	1.61	1.81	1.72	1.73
Non-Interest Income Growth (YoY)	-3.28%	-10.95%	5.25%	-0.50%	43.36%
Revenues Before Loan Losses	26.15	23.51	22.69	19.45	18.15
Provision for Loan Losses	0.84	0.78	0.79	1.1	1.34
Revenue	25.31	22.73	21.9	18.35	16.81
Revenue Growth (YoY)	11.38%	3.78%	19.31%	9.17%	17.53%
Salaries and Employee Benefits	-	7.9	7.76	6.68	5.81
Occupancy Expenses	-	2.32	2.01	1.65	1.51
Selling, General & Administrative	-	0.78	0.79	0.53	0.47
Other Non-Interest Expense	15.21	3.05	2.42	2.36	2.31
Total Non-Interest Expense	15.21	14.06	12.99	11.22	10.1
EBT Excluding Unusual Items	10.1	8.67	8.91	7.14	6.71
Pretax Income	10.1	8.67	8.91	7.14	6.71
Income Tax Expense	2.48	2.09	2.19	1.86	1.62
Net Income	7.62	6.58	6.72	5.28	5.09
Net Income to Common	7.62	6.58	6.72	5.28	5.09
Net Income Growth	15.86%	-2.11%	27.20%	3.73%	29.11%
Basic Shares Outstanding	2	2	2	2	3
Diluted Shares Outstanding	2	2	2	2	3
Shares Change (YoY)	-0.33%	0.05%	-0.81%	-5.87%	-1.85%
EPS (Basic)	3.15	2.71	2.77	2.16	1.96
EPS (Diluted)	3.15	2.71	2.77	2.16	1.96
EPS Growth	16.24%	-2.17%	28.24%	10.20%	31.54%
Dividend Per Share	-	0.400	0.350	0.300	0.300
Dividend Growth	-	14.29%	16.67%	-	20.00%
Effective Tax Rate	24.56%	24.09%	24.55%	26.00%	24.10%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.