The First Bancshares (FBMS) came out with quarterly earnings of $0.65 per share, beating the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.76 per share a year ago.
The First Bancshares (FBMS) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
The First Bancshares, Inc. (NYSE:FBMS ) Q2 2024 Earnings Conference Call July 25, 2024 11:00 AM ET Company Participants Milton Cole - Chairman & Chief Executive Officer Donna Lowery - Chief Financial Officer JJ Fletcher - Chief Lending Officer George Noonan - Chief Credit Officer Conference Call Participants Matt Olney - Stephens Brett Rabatin - Hovde Group Catherine Mealor - KBW Christopher Marinac - Janney Montgomery Scott LLC Matt Olney - Stephens Operator Good day, and thank you for standing by. Welcome to the review of Second Quarter 2024 Financial Results.
| - Industry | - Sector | Mr. Milton Ray Cole Jr. CEO | NYSE Exchange | 318916103 CUSIP |
| US Country | 1,078 Employees | - Last Dividend | 16 Mar 2006 Last Split | 2 Jan 2003 IPO Date |
The First Bancshares, Inc., functioning as the bank holding company for The First Bank, provides a robust suite of general commercial and retail banking services. Established in 1995 and rooted in Hattiesburg, Mississippi, the organization orchestrates its operations across multiple states including Mississippi, Alabama, Florida, Georgia, and Louisiana through an extensive network of full-service banking and financial service offices, a motor bank facility, and loan production offices. With a strategic operational framework divided into three integral segments: Commercial/Retail Bank, Mortgage Banking Division, and Holding Company, The First Bancshares, Inc. has positioned itself to cater to a diverse demographic that comprises small to medium-sized businesses, professional concerns, individuals, associations, organizations, and governmental authorities.
Offers a wide range of deposit products such as checking, NOW, and savings accounts; other time deposits like daily money market accounts and longer-term certificates of deposit, along with individual retirement and health savings accounts.
Provides both secured and unsecured loans catering to various business needs including working capital, business expansion, and purchase of equipment and machinery.
This encompasses equity lines of credit, secured and unsecured loans for financing vehicles, home improvements, education, and personal investments.
Orients towards financing the construction of new homes, acquisition of residential properties, and refinancing existing mortgages.
Engaged in the origination of loans for the purchase of existing homes and construction of new homes, along with refinancing services.
Provides an array of services aimed at managing finances and wealth, aligning with the financial goals of clients.
Facilitates digital banking through online internet services and mobile deposit functionalities, ensuring banking convenience for all customers.
Includes a host of convenience services like automated teller machines, voice response telephone inquiry services, commercial sweep accounts, cash management services, safe deposit boxes, merchant services, direct deposits, automatic drafts, and credit card services, to enhance the banking experience for customers.