The First Bancshares, Inc. (FBMS)

The First Bancshares Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	285.01	281.53	209.17	195.64	169.41	145.02
Revenue Growth (YoY)	26.16%	34.59%	6.92%	15.48%	16.82%	40.34%
Gross Profit	285.01	281.53	209.17	195.64	169.41	145.02
Selling, General & Admin	127.42	126.07	96.04	88.55	81.53	63.93
Other Operating Expenses	55.06	58.66	34.44	26.01	24.81	24.64
Operating Expenses	182.48	184.73	130.48	114.56	106.34	88.57
Operating Income	102.53	96.8	78.69	81.08	63.07	56.45
Pretax Income	102.53	96.8	78.69	81.08	63.07	56.45
Income Tax	22.72	21.35	15.77	16.92	10.56	12.7
Net Income	79.81	75.46	62.92	64.17	52.51	43.75
Net Income Growth	27.98%	19.93%	-1.94%	22.21%	20.03%	106.10%
Shares Outstanding (Basic)	31	31	24	21	21	19
Shares Change	0.53%	29.39%	14.31%	-1.80%	13.81%	43.86%
EPS (Basic)	2.56	2.41	2.86	3.05	2.53	2.57
EPS (Diluted)	2.52	2.39	2.84	3.03	2.52	2.55
EPS Growth	-1.56%	-15.85%	-6.27%	20.24%	-1.18%	57.41%
Free Cash Flow	111.43	106.24	75.22	88.59	48.2	36.81
Free Cash Flow Per Share	3.57	3.42	3.13	4.21	2.25	1.96
Dividend Per Share	0.940	0.900	0.740	0.580	0.420	0.310
Dividend Growth	20.51%	21.62%	27.59%	38.10%	35.48%	55.00%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	35.97%	34.38%	37.62%	41.44%	37.23%	38.92%
Profit Margin	28.00%	26.80%	30.08%	32.80%	30.99%	30.17%
Free Cash Flow Margin	39.10%	37.74%	35.96%	45.28%	28.45%	25.38%
Effective Tax Rate	22.16%	22.05%	20.04%	20.86%	16.75%	22.50%
EBITDA	114.99	108.9	90.86	94.87	75.42	61.76
EBITDA Margin	40.35%	38.68%	43.44%	48.49%	44.52%	42.59%
Depreciation & Amortization	12.46	12.1	12.17	13.79	12.35	5.31
EBIT	102.53	96.8	78.69	81.08	63.07	56.45
EBIT Margin	35.97%	34.38%	37.62%	41.44%	37.23%	38.92%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).