Overview
Hoping to be first in the hearts of its customers, The First Bancshares is the holding company for The First, a community bank with some two dozen branch locations in southern Mississippi's Hattiesburg, Alabama, and Louisiana. The company provides such standard deposit products as checking and savings accounts, NOW and money market accounts, and IRAs. Real estate loans account for about 80% of the bank's lending portfolio, including about equal
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Read More portions of residential mortgages, commercial mortgages, and construction loans. The bank also writes business loans and consumer loans. The bank, which has expanded beyond Mississippi through several acquisitions, has approximately $970 million in assets.
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Read More portions of residential mortgages, commercial mortgages, and construction loans. The bank also writes business loans and consumer loans. The bank, which has expanded beyond Mississippi through several acquisitions, has approximately $970 million in assets.
Read Less
M Ray Cole Junior
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Depository Credit Intermediation
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Credit Intermediation and Related Activities
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Finance and Insurance
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National commercial banks
Activities Related to Credit Intermediation
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Agencies, Brokerages, and Other Insurance Related Activities
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Insurance Carriers
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Insurance and Employee Benefit Funds
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Monetary Authorities-Central Bank
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Nondepository Credit Intermediation
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Other Financial Investment Activities
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Other Investment Pools and Funds
View more , Securities and Commodity Contracts Intermediation and Brokerage Securities and Commodity Exchanges
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View more , Securities and Commodity Contracts Intermediation and Brokerage Securities and Commodity Exchanges
View fewer
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Actual
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Actual
$419.60 million
Actual
37.69%
19.93%
$7,999
DEC
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NYSE:FBMS
Contacts
Get in Touch with 2 Principals* and 74 Contacts
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M Ray Cole JuniorPresident and Chief Executive Officer and Chairman of the Board
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
Dun & Bradstreet collects private company financials for more than 23 million companies worldwide. Find out more.
Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2023
$419.60 million
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Net Operating Cash | $109 | $90 | $96 |
| Net Investing Cash | $328 | -$707 | -$207 |
| Net Financing Cash | -$227 | -$158 | $469 |
| Net Change in Cash | $210 | -$774 | $357 |
| Cash at Beginning of Period | $145 | $920 | $563 |
| Cash at End of Period | $355 | $145 | $920 |
| Capital Expenditure | -$4 | -$16 | -$7 |
| Assets (mil) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $355 | $145 | $920 |
| Accounts Receivable | $33 | $28 | $23 |
| Inventories | $ | $ | $ |
| Other Current Assets | $ | $ | $ |
| Asset Summary | |||
| Total Current Assets | $ | $ | $ |
| Tangible Fixed Assets | $182 | $153 | $132 |
| Intangible Assets | $ | $ | $ |
| Total Assets | $7,999 | $6,462 | $6,077 |
| Liabilities (mil) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $23 | $3 | $2 |
| Short-Term Debt | $ | $ | $ |
| Other Current Liabilities | $ | $ | $ |
| Liability Summary | |||
| Total Current Liabilities | $ | $ | $ |
| Long-Term Debt | $123 | $275 | $145 |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $7,050 | $5,815 | $5,401 |
| Stakeholder's Equity (mil) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Equity | |||
| Common Stock | $32 | $25 | $22 |
| Retained Earnings | $300 | $253 | $206 |
| Equity Summary | |||
| Total Equity | $949 | $647 | $676 |
| Shares Outstanding | 31,089,376 | 24,025,762 | 21,019,037 |