First Bancshares Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Hoppy Cole

Chief executive officer

US$2.4m

Total compensation

CEO salary percentage	29.1%
CEO tenure	19.4yrs
CEO ownership	0.4%
Management average tenure	no data
Board average tenure	25.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Hoppy Cole's remuneration changed compared to First Bancshares's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$70m
Jun 30 2024	n/a	n/a	US$76m
Mar 31 2024	n/a	n/a	US$80m
Dec 31 2023	US$2m	US$706k	US$75m
Sep 30 2023	n/a	n/a	US$81m
Jun 30 2023	n/a	n/a	US$70m
Mar 31 2023	n/a	n/a	US$62m
Dec 31 2022	US$3m	US$642k	US$63m
Sep 30 2022	n/a	n/a	US$62m
Jun 30 2022	n/a	n/a	US$65m
Mar 31 2022	n/a	n/a	US$64m
Dec 31 2021	US$2m	US$581k	US$64m
Sep 30 2021	n/a	n/a	US$64m
Jun 30 2021	n/a	n/a	US$59m
Mar 31 2021	n/a	n/a	US$61m
Dec 31 2020	US$2m	US$523k	US$53m
Sep 30 2020	n/a	n/a	US$49m
Jun 30 2020	n/a	n/a	US$49m
Mar 31 2020	n/a	n/a	US$44m
Dec 31 2019	US$1m	US$469k	US$44m
Sep 30 2019	n/a	n/a	US$39m
Jun 30 2019	n/a	n/a	US$32m
Mar 31 2019	n/a	n/a	US$25m
Dec 31 2018	US$894k	US$413k	US$21m

Compensation vs Market: Hoppy's total compensation ($USD2.43M) is above average for companies of similar size in the German market ($USD1.38M).

Compensation vs Earnings: Hoppy's compensation has been consistent with company performance over the past year.

CEO

Hoppy Cole (62 yo)

19.4yrs

Tenure

US$2,426,148

Compensation

Mr. Milton Ray Cole, Jr., also known as Hoppy, has been the President of First BancShares Inc. since August 8, 2005 and The First Bank since 2009. He serves as Chairman of The First Bank and The First Banc...

Board Members

Name	Position	Tenure	Compensation	Ownership
Milton Cole	Chairman	24yrs	US$2.43m	0.37% € 3.9m
Jonathan Levy	Independent Director	2.4yrs	US$74.26k	0.050% € 538.4k
J. Seidenburg	Independent Director	27yrs	US$88.16k	0.33% € 3.5m
Andrew Stetelman	Independent Director	30yrs	US$77.71k	0.19% € 2.0m
David Bomboy	Independent Director	30yrs	US$78.11k	0.43% € 4.6m
Fred McMurry	Independent Director	30yrs	US$81.91k	0.30% € 3.2m
Ted Parker	Lead Independent Director	30yrs	US$95.96k	0.30% € 3.2m
E. Gibson	Independent Director	30yrs	US$104.96k	0.35% € 3.8m
Charles Lightsey	Independent Director	22yrs	US$98.16k	0.31% € 3.4m
Thomas Mitchell	Independent Director	7.7yrs	US$68.71k	0.054% € 580.4k
Diana Moore	Independent Director	4.7yrs	US$68.86k	0.023% € 248.6k
Valencia Williamson	Independent Director	1.7yrs	US$15.20k	0.0087% € 92.8k

25.5yrs

Average Tenure

63.5yo

Average Age

Experienced Board: 3RY's board of directors are seasoned and experienced ( 25.5 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/20 20:40
End of Day Share Price	2025/01/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

The First Bancshares, Inc. is covered by 7 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
null null	Burkenroad Reports
Brett Rabatin	Hovde Group, LLC
Christopher Marinac	Janney Montgomery Scott LLC

First Bancshares Management

Management criteria checks 2/4

Key information

Recent management updates

The First Bancshares, Inc., Annual General Meeting, May 23, 2024

The First Bancshares, Inc. and The First Bank Appoint M. Ray “Hoppy” Cole, Jr. as Chairman of the Board of Directors

The First Bancshares, Inc. Appoints Mr. Jonathan A. Levy as Director

Insufficient new directors

The First Bancshares, Inc., Annual General Meeting, May 19, 2022

Insufficient new directors

Recent updates

The First Bancshares, Inc. to Report Fiscal Year 2024 Results on Jan 22, 2025

Third quarter dividend of US$0.25 announced

Third quarter 2024 earnings released: EPS: US$0.59 (vs US$0.78 in 3Q 2023)

The First Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on November 22, 2024

Renasant Corporation (NYSE:RNST) entered into a definitive agreement and plan of merger to acquire The First Bancshares, Inc. (NYSE:FBMS) for approximately $1.2 billion.

Renasant Corporation (NYSE:RNST) entered into a definitive agreement and plan of merger to acquire The First Bancshares, Inc. (NYSE:FBMS) for approximately $1.2 billion.

Second quarter dividend of US$0.25 announced

Second quarter 2024 earnings released: EPS: US$0.62 (vs US$0.76 in 2Q 2023)

The First Bancshares, Inc. to Report Q2, 2024 Results on Jul 24, 2024

The First Bancshares, Inc.(NYSE:FBMS) dropped from NASDAQ Composite Index

First quarter dividend of US$0.25 announced

First quarter 2024 earnings released: EPS: US$0.65 (vs US$0.52 in 1Q 2023)

The First Bancshares, Inc. to Report Q1, 2024 Results on Apr 24, 2024

The First Bancshares, Inc., Annual General Meeting, May 23, 2024

Full year 2023 earnings released: EPS: US$2.41 (vs US$2.86 in FY 2022)

The First Bancshares, Inc. (NasdaqGM:FBMS) announces an Equity Buyback for $50 million worth of its shares.

Upcoming dividend of US$0.25 per share at 3.8% yield

Fourth quarter dividend of US$0.25 announced

Full year 2023 earnings released: EPS: US$2.39 (vs US$2.86 in FY 2022)

The First Bancshares, Inc. to Report Q4, 2023 Results on Jan 24, 2024

Upcoming dividend of US$0.24 per share at 4.0% yield

Third quarter 2023 earnings released: EPS: US$0.77 (vs US$0.61 in 3Q 2022)

The First Bancshares, Inc. to Report Q3, 2023 Results on Oct 26, 2023

Second quarter 2023 earnings released: EPS: US$0.75 (vs US$0.77 in 2Q 2022)

New minor risk - Share price stability

First quarter 2023 earnings released: EPS: US$0.52 (vs US$0.81 in 1Q 2022)

Investor sentiment deteriorates as stock falls 18%

Upcoming dividend of US$0.21 per share at 2.8% yield

The First Bancshares, Inc. Increases Quarterly Cash Dividend, Payable on February 24, 2023

Full year 2022 earnings released: EPS: US$2.84 (vs US$3.05 in FY 2021)

Third quarter 2022 earnings released: EPS: US$0.61 (vs US$0.77 in 3Q 2021)

The First Bancshares, Inc. Declares Cash Dividend, Payable on November 25, 2022

The First Bancshares, Inc. and The First Bank Appoint M. Ray “Hoppy” Cole, Jr. as Chairman of the Board of Directors

The First Bancshares, Inc. (NasdaqGM:FBMS) completed the acquisition of Beach Bancorp, Inc.

Second quarter 2022 earnings released: EPS: US$0.76 (vs US$0.74 in 2Q 2021)

The First Bancshares, Inc. Appoints Mr. Jonathan A. Levy as Director

The First Bancshares, Inc. (NasdaqGM:FBMS) executed a definitive agreement to acquire Heritage Southeast Bancorporation, Inc. (OTCPK:HSBI) for approximately $210 million.

Insufficient new directors

The First Bancshares, Inc. (NasdaqGM:FBMS) entered into a definitive agreement to acquire Beach Bank for approximately $120 million.

The First Bancshares, Inc. to Report Q1, 2022 Results on Apr 27, 2022

The First Bancshares, Inc., Annual General Meeting, May 19, 2022

The First Bancshares, Inc. announced delayed annual 10-K filing

Upcoming dividend of US$0.17 per share

The First Bancshares, Inc. Declares A Cash Dividend, Payable on February 25, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

The First Bancshares, Inc. Reports Net Charge Offs for the Quarter Ended December 31, 2021

Insufficient new directors

Upcoming dividend of US$0.16 per share

Third quarter 2021 earnings released: EPS US$0.76 (vs US$0.56 in 3Q 2020)

Second quarter 2021 earnings released: EPS US$0.74 (vs US$0.79 in 2Q 2020)

First quarter 2021 earnings released: EPS US$0.79 (vs US$0.44 in 1Q 2020)

Upcoming dividend of US$0.14 per share

First quarter 2021 earnings released: EPS US$0.79 (vs US$0.44 in 1Q 2020)

Revenue misses expectations

Full year 2020 earnings released: EPS US$2.53 (vs US$2.57 in FY 2019)

New 90-day high: €27.89

Vice Chairman recently sold €136k worth of stock

Full year 2020 earnings released: EPS US$2.52 (vs US$2.57 in FY 2019)

Revenue misses expectations

New 90-day high: €26.03

New 90-day high: €25.08

New 90-day high: €24.65

Market bids up stock over the past week

Third quarter 2020 earnings released: EPS US$0.56

New 90-day high: €20.79

Upcoming Dividend of US$0.12 Per Share

New 90-day high: €19.97

The First Bancshares, Inc. announced a financing transaction

First half earnings released