First Bancshares Past Earnings Performance

Past criteria checks 5/6

First Bancshares has been growing earnings at an average annual rate of 15.8%, while the Banks industry saw earnings growing at 9.6% annually. Revenues have been growing at an average rate of 16.6% per year. First Bancshares's return on equity is 8.3%, and it has net margins of 28%.

Key information

15.8%

Earnings growth rate

3.7%

EPS growth rate

Banks Industry Growth	11.2%
Revenue growth rate	16.6%
Return on equity	8.3%
Net Margin	28.0%
Last Earnings Update	31 Mar 2024

Recent past performance 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 30

First Bancshares' (NASDAQ:FBMS) Shareholders Will Receive A Bigger Dividend Than Last Year

Jan 29

First Bancshares (NASDAQ:FBMS) Is Increasing Its Dividend To US$0.16

Oct 28

First Bancshares (NASDAQ:FBMS) Is Increasing Its Dividend To US$0.15

Jul 30

Does First Bancshares (NASDAQ:FBMS) Deserve A Spot On Your Watchlist?

Jun 09

Most Shareholders Will Probably Find That The CEO Compensation For The First Bancshares, Inc. (NASDAQ:FBMS) Is Reasonable

May 14

Don't Ignore The Fact That This Insider Just Sold Some Shares In The First Bancshares, Inc. (NASDAQ:FBMS)

Feb 24

Is It Smart To Buy The First Bancshares, Inc. (NASDAQ:FBMS) Before It Goes Ex-Dividend?

Feb 04

Is The First Bancshares, Inc. (NASDAQ:FBMS) An Attractive Dividend Stock?

Jan 27

How Is First Bancshares' (NASDAQ:FBMS) CEO Paid Relative To Peers?

Dec 26

The First Bancshares announces $30M buyback program

Dec 16

If You Had Bought First Bancshares (NASDAQ:FBMS) Shares Five Years Ago You'd Have Earned 61% Returns

Nov 30

Revenue & Expenses Breakdown
Beta

How First Bancshares makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGM:FBMS Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Mar 24	285	80	132
31 Dec 23	282	75	130
30 Sep 23	278	81	119
30 Jun 23	253	70	113
31 Mar 23	226	62	106
31 Dec 22	207	63	98
30 Sep 22	201	62	95
30 Jun 22	197	65	92
31 Mar 22	194	64	91
31 Dec 21	194	64	90
30 Sep 21	191	64	89
30 Jun 21	183	59	88
31 Mar 21	177	61	87
31 Dec 20	162	53	84
30 Sep 20	156	49	79
30 Jun 20	150	49	74
31 Mar 20	147	44	69
31 Dec 19	145	44	66
30 Sep 19	136	39	72
30 Jun 19	126	32	69
31 Mar 19	115	25	67
31 Dec 18	103	21	51
30 Sep 18	91	17	52
30 Jun 18	83	16	49
31 Mar 18	75	13	47
31 Dec 17	73	11	47
30 Sep 17	68	10	38
30 Jun 17	62	8	36
31 Mar 17	56	8	33
31 Dec 16	51	10	31
30 Sep 16	49	10	28
30 Jun 16	47	9	27
31 Mar 16	46	9	26
31 Dec 15	44	8	26
30 Sep 15	43	8	26
30 Jun 15	42	7	26
31 Mar 15	41	7	26
31 Dec 14	40	6	25
30 Sep 14	38	6	25
30 Jun 14	37	5	24
31 Mar 14	36	4	23
31 Dec 13	34	4	22
30 Sep 13	32	4	19
30 Jun 13	30	4	18

Quality Earnings: FBMS has high quality earnings.

Growing Profit Margin: FBMS's current net profit margins (28%) are higher than last year (27.6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: FBMS's earnings have grown by 15.8% per year over the past 5 years.

Accelerating Growth: FBMS's earnings growth over the past year (28%) exceeds its 5-year average (15.8% per year).

Earnings vs Industry: FBMS earnings growth over the past year (28%) exceeded the Banks industry -12.9%.

First Bancshares Past Earnings Performance

Past criteria checks 5/6

Key information

Recent past performance updates

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

Full year 2023 earnings: EPS and revenues miss analyst expectations

Full year 2023 earnings: EPS and revenues miss analyst expectations

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

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

Recent updates

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: EPS and revenues miss analyst expectations

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

Consensus EPS estimates fall by 10%

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

Fourth quarter dividend of US$0.25 announced

Full year 2023 earnings: EPS and revenues miss analyst expectations

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

Price target increased by 8.2% to US$32.50

Price target decreased by 8.1% to US$30.55

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

First Bancshares (NASDAQ:FBMS) Has Announced That It Will Be Increasing Its Dividend To $0.24

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

Upcoming dividend of US$0.23 per share at 3.0% yield

Price target increased by 7.2% to US$32.90

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Price target decreased by 7.8% to US$30.70

First Bancshares' (NASDAQ:FBMS) Upcoming Dividend Will Be Larger Than Last Year's

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Price target decreased by 8.9% to US$33.30

Investor sentiment deteriorates as stock falls 19%

Full year 2022 earnings: EPS and revenues miss analyst expectations

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

First Bancshares (NASDAQ:FBMS) Is Increasing Its Dividend To $0.21

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

Full year 2022 earnings: EPS and revenues miss analyst expectations

Price target increased to US$38.25

Price target increased to US$38.25

Consensus revenue estimates increase by 10%

First Bancshares (NASDAQ:FBMS) Is Increasing Its Dividend To $0.20

Third quarter 2022 earnings: EPS exceeds analyst expectations

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

Consensus forecasts updated

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

First Bancshares (NASDAQ:FBMS) Is Increasing Its Dividend To $0.19

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

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

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

First Bancshares raises dividend 5.6% to $0.19/share

First Bancshares receives regulatory approvals for Beach Bancorp acquisition

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

First Bancshares' (NASDAQ:FBMS) Shareholders Will Receive A Bigger Dividend Than Last Year

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

First Bancshares (NASDAQ:FBMS) Is Increasing Its Dividend To US$0.16

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

Upcoming dividend of US$0.15 per share

First Bancshares (NASDAQ:FBMS) Is Increasing Its Dividend To US$0.15

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

Does First Bancshares (NASDAQ:FBMS) Deserve A Spot On Your Watchlist?

Most Shareholders Will Probably Find That The CEO Compensation For The First Bancshares, Inc. (NASDAQ:FBMS) Is Reasonable

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)

Price target increased to US$41.50

Price target increased to US$37.50

Revenue & Expenses Breakdown
Beta