The First Bancshares, Inc.

NYSE:FBMS Stock Report

Market Cap: US$1.1b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

First Bancshares Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Hoppy Cole

Chief executive officer

US$2.4m

Total compensation

CEO salary percentage29.10%
CEO tenure19.6yrs
CEO ownership0.4%
Management average tenureno data
Board average tenure25.7yrs

Recent management updates

Recent updates

User avatar
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) Is Increasing Its Dividend To $0.21

The First Bancshares, Inc. ( NASDAQ:FBMS ) will increase its dividend from last year's comparable payment on the 24th...
Analysis Article • Nov 01

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

The board of The First Bancshares, Inc. ( NASDAQ:FBMS ) has announced that it will be paying its dividend of $0.20 on...
Analysis Article • Aug 02

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

The First Bancshares, Inc. ( NASDAQ:FBMS ) will increase its dividend from last year's comparable payment on the 25th...
Seeking Alpha • Jul 27

First Bancshares raises dividend 5.6% to $0.19/share

First Bancshares (NASDAQ:FBMS) declares $0.19/share quarterly dividend, 5.6% increase from prior dividend of $0.18. Forward yield 2.48% Payable Aug. 25; for shareholders of record Aug. 8; ex-div Aug. 5. See FBMS Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Jul 06

First Bancshares receives regulatory approvals for Beach Bancorp acquisition

First Bancshares (NASDAQ:FBMS) received all required regulatory approvals for the consummation of its proposed acquisition of Beach Bancorp, parent company of Beach Bank. The acquisition is anticipated to become effective on Aug. 1, subject to the satisfaction of customary closing conditions and approval of the transaction by the shareholders of Beach Bancorp. Source: Press Release
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...

CEO Compensation Analysis

How has Hoppy Cole's remuneration changed compared to First Bancshares's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2024n/an/a

US$77m

Sep 30 2024n/an/a

US$70m

Jun 30 2024n/an/a

US$76m

Mar 31 2024n/an/a

US$80m

Dec 31 2023US$2mUS$706k

US$75m

Sep 30 2023n/an/a

US$81m

Jun 30 2023n/an/a

US$70m

Mar 31 2023n/an/a

US$62m

Dec 31 2022US$3mUS$642k

US$63m

Sep 30 2022n/an/a

US$62m

Jun 30 2022n/an/a

US$65m

Mar 31 2022n/an/a

US$64m

Dec 31 2021US$2mUS$581k

US$64m

Sep 30 2021n/an/a

US$64m

Jun 30 2021n/an/a

US$59m

Mar 31 2021n/an/a

US$61m

Dec 31 2020US$2mUS$523k

US$53m

Sep 30 2020n/an/a

US$49m

Jun 30 2020n/an/a

US$49m

Mar 31 2020n/an/a

US$44m

Dec 31 2019US$1mUS$469k

US$44m

Sep 30 2019n/an/a

US$39m

Jun 30 2019n/an/a

US$32m

Mar 31 2019n/an/a

US$25m

Dec 31 2018US$894kUS$413k

US$21m

Compensation vs Market: Hoppy's total compensation ($USD2.43M) is below average for companies of similar size in the US market ($USD3.56M).

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

CEO

Hoppy Cole (62 yo)

19.6yrs
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

NamePositionTenureCompensationOwnership
Milton Cole
Chairman24.2yrsUS$2.43m0.36%
$ 3.8m
Jonathan Levy
Independent Director2.6yrsUS$118.99k0.050%
$ 529.3k
J. Seidenburg
Independent Director27.2yrsUS$166.49k0.33%
$ 3.4m
Andrew Stetelman
Independent Director30.2yrsUS$146.49k0.19%
$ 2.0m
David Bomboy
Independent Director30.2yrsUS$160.99k0.43%
$ 4.5m
Fred McMurry
Independent Director30.2yrsUS$146.49k0.30%
$ 3.1m
Ted Parker
Lead Independent Director30.2yrsUS$178.99k0.30%
$ 3.1m
E. Gibson
Independent Director30.2yrsUS$136.49k0.35%
$ 3.7m
Charles Lightsey
Independent Director22.2yrsUS$174.49k0.31%
$ 3.3m
Thomas Mitchell
Independent Director7.8yrsUS$121.49k0.054%
$ 570.5k
Diana Moore
Independent Director4.8yrsUS$118.99k0.023%
$ 244.4k
Valencia Williamson
Independent Director1.8yrsUS$111.49k0.0087%
$ 91.2k
25.7yrs
Average Tenure
63.5yo
Average Age

Experienced Board: FBMS's board of directors are seasoned and experienced ( 25.7 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/03/31 07:18
End of Day Share Price 2025/03/31 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

AnalystInstitution
Christopher McGrattyKeefe, Bruyette, & Woods
Catherine Summerson MealorKeefe, Bruyette, & Woods