First Bancshares Management
Management criteria checks 4/4
First Bancshares' CEO is Hoppy Cole, appointed in Aug 2005, has a tenure of 18.75 years. total yearly compensation is $2.43M, comprised of 29.1% salary and 70.9% bonuses, including company stock and options. directly owns 0.46% of the company’s shares, worth $3.62M. The average tenure of the management team and the board of directors is 18.8 years and 24.8 years respectively.
Key information
Hoppy Cole
Chief executive officer
US$2.4m
Total compensation
| CEO salary percentage | 29.1% |
| CEO tenure | 18.8yrs |
| CEO ownership | 0.5% |
| Management average tenure | 18.8yrs |
| Board average tenure | 24.8yrs |
Recent management updates
Recent updates
First Bancshares (NASDAQ:FBMS) Has Announced That It Will Be Increasing Its Dividend To $0.24
Oct 29
First Bancshares' (NASDAQ:FBMS) Upcoming Dividend Will Be Larger Than Last Year's
Apr 30First Bancshares (NASDAQ:FBMS) Is Increasing Its Dividend To $0.21
Jan 29First Bancshares (NASDAQ:FBMS) Is Increasing Its Dividend To $0.20
Nov 01First Bancshares (NASDAQ:FBMS) Is Increasing Its Dividend To $0.19
Aug 02First Bancshares raises dividend 5.6% to $0.19/share
Jul 27First Bancshares receives regulatory approvals for Beach Bancorp acquisition
Jul 06First Bancshares' (NASDAQ:FBMS) Shareholders Will Receive A Bigger Dividend Than Last Year
Jan 29First Bancshares (NASDAQ:FBMS) Is Increasing Its Dividend To US$0.16
Oct 28First Bancshares (NASDAQ:FBMS) Is Increasing Its Dividend To US$0.15
Jul 30Does First Bancshares (NASDAQ:FBMS) Deserve A Spot On Your Watchlist?
Jun 09Most Shareholders Will Probably Find That The CEO Compensation For The First Bancshares, Inc. (NASDAQ:FBMS) Is Reasonable
May 14Don't Ignore The Fact That This Insider Just Sold Some Shares In The First Bancshares, Inc. (NASDAQ:FBMS)
Feb 24Is It Smart To Buy The First Bancshares, Inc. (NASDAQ:FBMS) Before It Goes Ex-Dividend?
Feb 04Is The First Bancshares, Inc. (NASDAQ:FBMS) An Attractive Dividend Stock?
Jan 27How Is First Bancshares' (NASDAQ:FBMS) CEO Paid Relative To Peers?
Dec 26The First Bancshares announces $30M buyback program
Dec 16If You Had Bought First Bancshares (NASDAQ:FBMS) Shares Five Years Ago You'd Have Earned 61% Returns
Nov 30CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 |
| Sep 30 2018 | n/a | n/a | US$17m |
| Jun 30 2018 | n/a | n/a | US$16m |
| Mar 31 2018 | n/a | n/a | US$13m |
| Dec 31 2017 | US$837k | US$386k | US$11m |
Compensation vs Market: Hoppy's total compensation ($USD2.43M) is about average for companies of similar size in the US market ($USD3.40M).
Compensation vs Earnings: Hoppy's compensation has been consistent with company performance over the past year.
CEO
Hoppy Cole (61 yo)
18.8yrs
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...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 18.8yrs | US$2.43m | 0.46% $ 3.6m | |
| Executive VP & CFO | 19.3yrs | US$1.09m | 0.20% $ 1.6m | |
| Compliance Officer & Compliance Officer of The First | no data | no data | no data | |
| Vice President of Human Resource | no data | no data | no data | |
| Executive VP & Chief Credit Officer | no data | no data | no data | |
| VP & Corporate Secretary | no data | no data | no data | |
| President of Southern Region - The First | no data | US$261.45k | no data | |
| President of Northern Region - The First | no data | US$260.81k | no data | |
| Credit Administrator of The First | no data | US$179.88k | no data | |
| Chief Retail Banking Officer & Executive VP of The First | 14.8yrs | US$246.17k | no data | |
| Executive Vice President of Private Banking - The First | no data | US$276.03k | no data | |
| President of Alabama Region | no data | US$268.01k | no data |
18.8yrs
Average Tenure
Experienced Management: FBMS's management team is seasoned and experienced (18.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 23.3yrs | US$2.43m | 0.46% $ 3.6m | |
| Independent Director | 1.8yrs | US$74.26k | 0.050% $ 389.6k | |
| Independent Director | 26.3yrs | US$88.16k | 0.33% $ 2.5m | |
| Independent Director | 29.3yrs | US$77.71k | 0.19% $ 1.5m | |
| Independent Director | 29.3yrs | US$78.11k | 0.43% $ 3.3m | |
| Independent Director | 29.3yrs | US$81.91k | 0.30% $ 2.3m | |
| Lead Independent Director | 29.3yrs | US$95.96k | 0.29% $ 2.3m | |
| Independent Director | 29.3yrs | US$104.96k | 0.35% $ 2.7m | |
| Independent Director | 21.3yrs | US$98.41k | 0.31% $ 2.4m | |
| Independent Director | 7yrs | US$68.71k | 0.054% $ 419.9k | |
| Independent Director | 4yrs | US$68.86k | 0.023% $ 179.9k | |
| Independent Director | less than a year | US$15.20k | 0.0086% $ 67.2k |
24.8yrs
Average Tenure
62.5yo
Average Age
Experienced Board: FBMS's board of directors are seasoned and experienced ( 24.8 years average tenure).