The First Bancshares, Inc. (FBMS)

The First Bancshares Balance Sheet

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

Assets

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	219.76	354.65	145.32	919.71	562.55
Investment Securities	872.2	982.16	1,169	1,066	623.45
Trading Asset Securities	10.51	12.17	12.83	-	-
Mortgage-Backed Securities	730.46	715.95	780.74	688.3	401.23
Total Investments	1,613	1,710	1,963	1,754	1,025
Gross Loans	5,407	5,170	3,774	2,960	3,132
Allowance for Loan Losses	-56.21	-54.03	-38.92	-30.74	-35.82
Other Adjustments to Gross Loans	-	-	-	-	-7.94
Net Loans	5,351	5,116	3,735	2,929	3,088
Property, Plant & Equipment	176.9	182.16	153.07	132.45	123.45
Goodwill	272.52	272.52	180.25	156.66	156.94
Other Intangible Assets	59.28	68.81	-	-	-
Loans Held for Sale	3.69	2.91	4.44	7.68	21.43
Accrued Interest Receivable	34	33.3	27.72	23.26	26.34
Restricted Cash	0.65	0.5	-	-	-
Long-Term Deferred Tax Assets	60.83	64.16	73.45	-	-
Other Real Estate Owned & Foreclosed	7.87	8.32	4.83	2.57	5.8
Other Long-Term Assets	205.07	185.72	174.38	152.35	143.69
Total Assets	8,005	7,999	6,462	6,077	5,153

Liabilities

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Bearing Deposits	4,505	4,321	3,718	3,535	3,495
Institutional Deposits	303.23	292.9	146.6	141.5	149.4
Non-Interest Bearing Deposits	1,797	1,849	1,630	1,550	571.08
Total Deposits	6,605	6,463	5,494	5,227	4,215
Short-Term Borrowings	220.51	402.18	142.93	-	-
Current Portion of Long-Term Debt	-	-	-	-	110
Current Portion of Leases	1.4	-	-	-	-
Accrued Interest Payable	13.86	22.7	3.32	1.71	2.13
Long-Term Debt	-	-	-	-	4.65
Long-Term Leases	6.43	8.29	9.73	6.29	8.31
Trust Preferred Securities	123.73	123.39	145.03	144.73	144.59
Pension & Post-Retirement Benefits	6.3	4.6	3.7	2.7	1.8
Long-Term Deferred Tax Liabilities	-	-	-	4.11	8.41
Other Long-Term Liabilities	22.27	26.29	15.95	14.93	12.77
Total Liabilities	6,999	7,050	5,815	5,401	4,508

Shareholders' Equity

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Common Stock	32.41	32.34	25.28	21.67	21.6
Additional Paid-In Capital	777.51	775.23	558.83	459.23	456.92
Retained Earnings	346.18	300.15	252.62	206.23	154.24
Treasury Stock	-41.11	-41.11	-41.11	-18.93	-13.76
Comprehensive Income & Other	-109.56	-117.58	-148.96	7.98	25.82
Total Common Equity	1,005	949.03	646.66	676.17	644.82
Shareholders' Equity	1,005	949.03	646.66	676.17	644.82
Total Liabilities & Equity	8,005	7,999	6,462	6,077	5,153

Additional Metrics

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total Debt	352.07	533.85	297.68	151.01	267.55
Net Cash (Debt)	-121.8	-167.03	-139.54	768.7	295
Net Cash Growth	-	-	-	160.57%	-
Net Cash Per Share	-3.85	-5.29	-6.30	36.32	14.17
Filing Date Shares Outstanding	31.25	31.23	31.06	20.49	21.02
Total Common Shares Outstanding	31.16	31.09	24.03	21.02	21.12
Book Value Per Share	32.27	30.53	26.92	32.17	30.54
Tangible Book Value	673.63	607.7	466.41	519.51	487.87
Tangible Book Value Per Share	21.62	19.55	19.41	24.72	23.11

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Dec 31, 2024

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jan 1, 2000

Data Sources Report a data error