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First Bancshares Future Growth

Future criteria checks 1/6

First Bancshares's revenue is forecast to decline at 4.1% per annum while its annual earnings are expected to grow at 8.4% per year. EPS is expected to grow by 8.8% per annum. Return on equity is forecast to be 8.3% in 3 years.

Key information

8.4%

Earnings growth rate

8.76%

EPS growth rate

Banks earnings growth	8.2%
Revenue growth rate	-4.1%
Future return on equity	8.30%
Analyst coverage	Low
Last updated	11 Mar 2025

Recent future growth updates

Recent updates

New Narrative • Sep 24

Elevating Market Position With Critical Operations And Cost Management Amid Financial Challenges

First Bancshares' strategic focus on loan growth and operational efficiency improvements signifies potential for increased future revenues and profitability.

Analysis Article • Jul 28

First Bancshares' (NYSE:FBMS) Dividend Will Be $0.25

The First Bancshares, Inc.'s ( NYSE:FBMS ) investors are due to receive a payment of $0.25 per share on 23rd of August...

Analysis Article • Oct 29

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

The board of The First Bancshares, Inc. ( NASDAQ:FBMS ) has announced that it will be paying its dividend of $0.24 on...

Analysis Article • Apr 30

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

The First Bancshares, Inc. ( NASDAQ:FBMS ) has announced that it will be increasing its dividend from last year's...

Analysis Article • Jan 29

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

The board of The First Bancshares, Inc. ( NASDAQ:FBMS ) has announced that it will be increasing its dividend on the...

Analysis Article • Oct 28

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

The board of The First Bancshares, Inc. ( NASDAQ:FBMS ) has announced that it will be increasing its dividend on the...

Earnings and Revenue Growth Forecasts

NYSE:FBMS - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	258	92	N/A	N/A	2
12/31/2025	248	87	N/A	N/A	2
12/31/2024	280	77	82	86	N/A
9/30/2024	269	70	93	96	N/A
6/30/2024	277	76	103	106	N/A
3/31/2024	285	80	111	114	N/A
12/31/2023	282	75	105	109	N/A
9/30/2023	278	81	89	99	N/A
6/30/2023	253	70	69	83	N/A
3/31/2023	226	62	56	72	N/A
12/31/2022	207	63	75	90	N/A
9/30/2022	201	62	81	91	N/A
6/30/2022	197	65	73	83	N/A
3/31/2022	194	64	79	87	N/A
12/31/2021	194	64	89	96	N/A
9/30/2021	191	64	87	92	N/A
6/30/2021	183	59	81	82	N/A
3/31/2021	177	61	66	69	N/A
12/31/2020	162	53	47	51	N/A
9/30/2020	156	49	42	50	N/A
6/30/2020	150	49	47	55	N/A
3/31/2020	147	44	43	51	N/A
12/31/2019	145	44	37	45	N/A
9/30/2019	136	39	32	40	N/A
6/30/2019	126	32	31	37	N/A
3/31/2019	115	25	37	42	N/A
12/31/2018	103	21	27	32	N/A
9/30/2018	91	17	N/A	28	N/A
6/30/2018	83	16	N/A	26	N/A
3/31/2018	75	13	N/A	16	N/A
12/31/2017	73	11	N/A	22	N/A
9/30/2017	68	10	N/A	21	N/A
6/30/2017	62	8	N/A	13	N/A
3/31/2017	56	8	N/A	10	N/A
12/31/2016	51	10	N/A	8	N/A
9/30/2016	49	10	N/A	5	N/A
6/30/2016	47	9	N/A	9	N/A
3/31/2016	46	9	N/A	10	N/A
12/31/2015	44	8	N/A	8	N/A
9/30/2015	43	8	N/A	6	N/A
6/30/2015	42	7	N/A	6	N/A
3/31/2015	41	7	N/A	5	N/A
12/31/2014	40	6	N/A	7	N/A
9/30/2014	38	6	N/A	10	N/A
6/30/2014	37	5	N/A	13	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FBMS's forecast earnings growth (8.4% per year) is above the savings rate (2.8%).

Earnings vs Market: FBMS's earnings (8.4% per year) are forecast to grow slower than the US market (13.8% per year).

High Growth Earnings: FBMS's earnings are forecast to grow, but not significantly.

Revenue vs Market: FBMS's revenue is expected to decline over the next 3 years (-4.1% per year).

High Growth Revenue: FBMS's revenue is forecast to decline over the next 3 years (-4.1% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: FBMS's Return on Equity is forecast to be low in 3 years time (8.3%).

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/03/31 20:45
End of Day Share Price	2025/03/31 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

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.

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 Github.

Analyst Sources

The First Bancshares, Inc. is covered by 2 analysts. 2 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
Christopher McGratty	Keefe, Bruyette, & Woods
Catherine Summerson Mealor	Keefe, Bruyette, & Woods

This company has been acquired

First Bancshares Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Price target increased by 12% to US$40.00

Price target increased by 7.9% to US$37.50

Consensus revenue estimates decrease by 18%, EPS upgraded

Price target increased by 8.4% to US$32.19

Consensus EPS estimates fall by 10%

Price target increased by 8.2% to US$32.50

Recent updates

Price target increased by 12% to US$40.00

Full year 2024 earnings: EPS misses analyst expectations

Fourth quarter dividend of US$0.25 announced

Full year 2024 earnings: EPS misses analyst expectations

The First Bancshares, Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2024

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

Price target increased by 7.9% to US$37.50

Now 21% undervalued

Third quarter dividend of US$0.25 announced

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

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

Elevating Market Position With Critical Operations And Cost Management Amid Financial Challenges

Consensus revenue estimates decrease by 18%, EPS upgraded

Price target increased by 8.4% to US$32.19

First Bancshares' (NYSE:FBMS) Dividend Will Be $0.25

Second quarter dividend of US$0.25 announced

Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Investor sentiment improves as stock rises 15%

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: 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

Consensus forecasts updated

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

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

First Bancshares raises dividend 5.6% to $0.19/share

First Bancshares receives regulatory approvals for Beach Bancorp acquisition

Insufficient new directors

Upcoming dividend of US$0.17 per share

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

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

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)