First Bancshares Past Earnings Performance
Past criteria checks 2/6
First Bancshares has been growing earnings at an average annual rate of 11.5%, while the Banks industry saw earnings growing at 17.4% annually. Revenues have been growing at an average rate of 15.2% per year. First Bancshares's return on equity is 6.9%, and it has net margins of 26%.
Key information
11.5%
Earnings growth rate
-0.8%
EPS growth rate
| Banks Industry Growth | 10.6% |
| Revenue growth rate | 15.2% |
| Return on equity | 6.9% |
| Net Margin | 26.0% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How First Bancshares makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 269 | 70 | 135 | 0 |
| 30 Jun 24 | 277 | 76 | 133 | 0 |
| 31 Mar 24 | 285 | 80 | 131 | 0 |
| 31 Dec 23 | 282 | 75 | 130 | 0 |
| 30 Sep 23 | 278 | 81 | 119 | 0 |
| 30 Jun 23 | 253 | 70 | 113 | 0 |
| 31 Mar 23 | 226 | 62 | 106 | 0 |
| 31 Dec 22 | 207 | 63 | 98 | 0 |
| 30 Sep 22 | 201 | 62 | 95 | 0 |
| 30 Jun 22 | 197 | 65 | 92 | 0 |
| 31 Mar 22 | 194 | 64 | 91 | 0 |
| 31 Dec 21 | 194 | 64 | 90 | 0 |
| 30 Sep 21 | 191 | 64 | 89 | 0 |
| 30 Jun 21 | 183 | 59 | 88 | 0 |
| 31 Mar 21 | 177 | 61 | 87 | 0 |
| 31 Dec 20 | 162 | 53 | 84 | 0 |
| 30 Sep 20 | 156 | 49 | 79 | 0 |
| 30 Jun 20 | 150 | 49 | 74 | 0 |
| 31 Mar 20 | 147 | 44 | 69 | 0 |
| 31 Dec 19 | 145 | 44 | 66 | 0 |
| 30 Sep 19 | 136 | 39 | 72 | 0 |
| 30 Jun 19 | 126 | 32 | 69 | 0 |
| 31 Mar 19 | 115 | 25 | 67 | 0 |
| 31 Dec 18 | 103 | 21 | 51 | 0 |
| 30 Sep 18 | 91 | 17 | 52 | 0 |
| 30 Jun 18 | 83 | 16 | 49 | 0 |
| 31 Mar 18 | 75 | 13 | 47 | 0 |
| 31 Dec 17 | 73 | 11 | 47 | 0 |
| 30 Sep 17 | 68 | 10 | 38 | 0 |
| 30 Jun 17 | 62 | 8 | 36 | 0 |
| 31 Mar 17 | 56 | 8 | 33 | 0 |
| 31 Dec 16 | 51 | 10 | 31 | 0 |
| 30 Sep 16 | 49 | 10 | 28 | 0 |
| 30 Jun 16 | 47 | 9 | 27 | 0 |
| 31 Mar 16 | 46 | 9 | 26 | 0 |
| 31 Dec 15 | 44 | 8 | 26 | 0 |
| 30 Sep 15 | 43 | 8 | 26 | 0 |
| 30 Jun 15 | 42 | 7 | 26 | 0 |
| 31 Mar 15 | 41 | 7 | 26 | 0 |
| 31 Dec 14 | 40 | 6 | 25 | 0 |
| 30 Sep 14 | 38 | 6 | 25 | 0 |
| 30 Jun 14 | 37 | 5 | 24 | 0 |
| 31 Mar 14 | 36 | 4 | 23 | 0 |
| 31 Dec 13 | 34 | 4 | 22 | 0 |
Quality Earnings: 3RY has high quality earnings.
Growing Profit Margin: 3RY's current net profit margins (26%) are lower than last year (29%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 3RY's earnings have grown by 11.5% per year over the past 5 years.
Accelerating Growth: 3RY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 3RY had negative earnings growth (-13.3%) over the past year, making it difficult to compare to the Banks industry average (13%).
Return on Equity
High ROE: 3RY's Return on Equity (6.9%) is considered low.