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First Bancshares (FBMS) Financials

First Bancshares logo
$33.75 +0.10 (+0.30%)
Closing price 03/31/2025
Extended Trading
$33.75 0.00 (0.00%)
As of 03/31/2025 04:37 PM Eastern
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Annual Income Statements for First Bancshares

Annual Income Statements for First Bancshares

This table shows First Bancshares' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Net Income / (Loss) Attributable to Common Shareholders		 77 75 63 64 53 44 21 11 9.67 8.46 6.25
Consolidated Net Income / (Loss)		 77 75 63 64 53 44 21 11 10 8.80 6.61
Net Income / (Loss) Continuing Operations		 77 75 63 64 53 44 21 11 10 8.80 6.61
Total Pre-Tax Income 		98 97 79 81 63 56 27 18 14 12 9.05
Total Revenue		 284 296 215 195 195 149 105 74 52 45 41
Net Interest Income / (Expense)		 234 249 178 157 153 122 85 59 40 37 33
Total Interest Income		 370 341 200 177 179 149 100 66 45 40 36
Loans and Leases Interest Income		 322 295 158 151 158 129 87 57 38 34 30
Investment Securities Interest Income		 45 44 41 24 21 18 12 8.69 5.92 5.80 5.96
Deposits and Money Market Investments Interest Income		 3.44 2.45 1.95 1.14 0.90 1.85 0.99 0.16 0.06 0.09 0.09
Total Interest Expense		 136 92 23 20 27 27 15 6.91 4.32 3.21 2.97
Deposits Interest Expense		 118 71 14 12 20 20 11 5.26 3.44 2.56 2.37
Long-Term Debt Interest Expense		 18 20 8.60 7.62 7.06 6.96 4.31 1.65 0.87 0.65 0.60
Total Non-Interest Income		 50 47 37 37 42 27 21 14 11 7.59 7.80
Service Charges on Deposit Accounts		 14 14 8.67 7.26 7.21 7.84 - - - - -
Other Service Charges		 28 30 19 17 14 11 13 9.36 6.06 6.22 5.72
Net Realized & Unrealized Capital Gains on Investments		 3.33 -0.61 5.47 12 19 5.98 4.31 4.27 4.39 0.96 1.71
Other Non-Interest Income		 4.34 3.32 3.73 1.96 1.51 2.36 3.04 0.74 0.79 0.41 0.37
Provision for Credit Losses		 3.79 15 5.61 -1.10 25 3.74 2.12 0.51 0.63 0.41 1.42
Total Non-Interest Expense		 182 185 130 115 106 89 76 55 37 32 31
Salaries and Employee Benefits		 102 93 73 66 61 47 37 31 22 19 17
Net Occupancy & Equipment Expense		 24 24 18 17 15 12 9.18 7.09 1.80 4.77 4.68
Marketing Expense		 0.45 0.83 0.39 0.62 0.51 0.86 0.51 0.41 0.47 0.50 0.45
Other Operating Expenses		 42 48 28 27 25 22 15 16 11 7.39 7.21
Amortization Expense		 9.53 9.56 4.66 - - - - - - - -
Restructuring Charge		 3.74 9.08 6.41 1.61 3.32 6.28 14 - - - -
Income Tax Expense		 21 21 16 17 11 13 5.79 6.96 3.93 3.21 2.44
Basic Earnings per Share		 $2.45 $2.41 $2.86 $3.05 $2.53 - - - $1.86 $1.64 $1.27
Weighted Average Basic Shares Outstanding		 31.25M 31.23M 31.06M 20.49M 21.02M 18.85M 17.27M 12.34M 5.44M 5.37M 4.90M
Diluted Earnings per Share		 $2.44 $2.39 $2.84 $3.03 $2.52 - - - $1.64 $1.62 $1.25
Weighted Average Diluted Shares Outstanding		 31.25M 31.23M 31.06M 20.49M 21.02M 18.85M 17.27M 12.34M 5.44M 5.37M 4.90M
Weighted Average Basic & Diluted Shares Outstanding		 31.25M 31.23M 31.06M 20.49M 21.02M 18.85M 17.27M 12.34M 5.44M 5.37M 4.90M
Cash Dividends to Common per Share		 $1.00 $0.90 $0.74 $0.58 $0.42 $0.31 $0.20 $0.15 $0.15 $0.15 $0.15

Quarterly Income Statements for First Bancshares

This table shows First Bancshares' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 18 19 20 21 11 24 24 16 16 14
Consolidated Net Income / (Loss)		 18 19 20 21 11 24 24 16 16 14
Net Income / (Loss) Continuing Operations		 18 19 20 21 11 24 24 16 16 14
Total Pre-Tax Income 		22 24 25 27 14 31 30 21 20 18
Total Revenue		 72 71 71 70 60 80 78 78 56 58
Net Interest Income / (Expense)		 60 59 58 57 58 61 66 65 48 49
Total Interest Income		 94 94 91 92 89 86 86 80 58 54
Loans and Leases Interest Income		 82 82 78 79 78 75 75 68 47 42
Investment Securities Interest Income		 11 11 12 11 11 11 11 12 9.35 12
Total Interest Expense		 33 35 33 34 31 25 20 15 10 4.73
Deposits Interest Expense		 29 30 29 29 25 20 15 12 7.04 2.75
Long-Term Debt Interest Expense		 4.47 4.57 3.77 4.91 6.31 5.41 5.40 3.14 2.96 1.98
Total Non-Interest Income		 12 12 13 13 2.35 19 12 13 8.12 9.02
Service Charges on Deposit Accounts		 3.50 3.71 3.33 3.37 3.45 3.65 3.43 3.66 2.37 2.22
Other Service Charges		 0.36 8.65 9.81 9.36 2.90 9.58 9.05 8.29 -0.87 6.80
Net Realized & Unrealized Capital Gains on Investments		 3.32 -0.12 0.18 -0.05 -1.12 -0.10 -0.05 0.66 5.39 0.00
Provision for Credit Losses		 1.14 1.00 1.65 0.00 1.25 1.00 1.25 11 0.71 4.30
Total Non-Interest Expense		 48 46 44 43 44 48 47 46 35 36
Salaries and Employee Benefits		 27 25 25 25 24 23 23 24 20 19
Net Occupancy & Equipment Expense		 7.60 5.66 5.49 5.71 8.46 5.34 5.04 5.30 6.52 3.83
Other Operating Expenses		 2.53 13 13 13 1.27 19 14 13 2.33 9.34
Restructuring Charge		 0.79 2.59 0.35 0.01 0.59 0.59 4.10 3.79 1.19 3.64
Income Tax Expense		 3.84 5.29 5.68 5.97 3.28 6.94 6.53 4.60 4.01 3.92
Basic Earnings per Share		 $0.58 $0.59 $0.62 $0.66 $0.35 $0.78 $0.76 $0.52 $0.67 $0.61
Weighted Average Basic Shares Outstanding		 31.25M 31.20M 31.20M 31.22M 31.23M 31.09M 31.10M 31.05M 31.06M 24.03M
Diluted Earnings per Share		 $0.58 $0.59 $0.62 $0.65 $0.35 $0.77 $0.75 $0.52 $0.66 $0.61
Weighted Average Diluted Shares Outstanding		 31.25M 31.20M 31.20M 31.22M 31.23M 31.09M 31.10M 31.05M 31.06M 24.03M
Weighted Average Basic & Diluted Shares Outstanding		 31.25M 31.20M 31.20M 31.22M 31.23M 31.09M 31.10M 31.05M 31.06M 24.03M

Annual Cash Flow Statements for First Bancshares

This table details how cash moves in and out of First Bancshares' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Net Change in Cash & Equivalents		 -135 210 -774 357 394 9.76 67 30 21 -3.36 5.37
Net Cash From Operating Activities		 86 109 90 96 51 45 32 22 8.02 7.55 7.06
Net Cash From Continuing Operating Activities		 86 109 90 96 51 45 32 22 8.02 7.55 7.06
Net Income / (Loss) Continuing Operations		 77 75 63 64 53 44 21 11 10 8.80 6.61
Consolidated Net Income / (Loss)		 77 75 63 64 53 44 21 11 10 8.80 6.61
Provision For Loan Losses		 3.79 15 5.61 -1.10 25 3.74 2.12 0.51 0.63 0.41 1.42
Depreciation Expense		 10 12 12 14 12 5.31 4.30 2.90 2.30 2.30 2.18
Amortization Expense		 2.03 -4.43 1.71 -0.03 -3.95 -1.79 -0.68 1.74 0.63 0.92 0.90
Non-Cash Adjustments to Reconcile Net Income		 3.32 18 3.24 16 -20 -5.38 2.79 8.62 0.37 0.81 0.62
Changes in Operating Assets and Liabilities, net		 -11 -6.73 4.38 2.64 -15 -0.93 1.74 -2.78 -6.03 -5.69 -4.68
Net Cash From Investing Activities		 -148 328 -707 -207 -259 -63 -8.81 -141 -111 -54 -79
Net Cash From Continuing Investing Activities		 -148 328 -707 -207 -259 -63 -8.81 -141 -111 -54 -79
Purchase of Property, Leasehold Improvements and Equipment		 -3.33 -3.69 -16 -7.13 -4.40 -7.89 -4.06 -4.68 -2.71 -1.23 -0.99
Acquisitions		 0.00 107 - - - - - - - - -
Purchase of Investment Securities		 -461 -253 -621 -798 -497 -236 -156 -214 -159 -103 -138
Sale of Property, Leasehold Improvements and Equipment		 0.43 1.42 0.71 - - - - - - - -
Sale and/or Maturity of Investments		 316 477 -95 239 213 150 109 77 51 50 61
Net Cash From Financing Activities		 -72 -227 -158 469 602 28 44 150 124 43 77
Net Cash From Continuing Financing Activities		 -72 -227 -158 469 602 28 44 150 124 43 77
Net Change in Deposits		 141 -427 -223 602 664 -68 46 76 122 24 54
Issuance of Debt		 4,033 7,600 2,055 0.00 64 365 170 199 252 194 180
Repayment of Debt		 -4,213 -7,371 -1,950 -115 -109 -259 -169 -179 -293 -173 -156
Repurchase of Common Equity		 0.00 0.00 -22 -5.17 -8.07 -5.23 -0.24 0.00 - -0.34 0.00
Payment of Dividends		 -31 -28 -16 -12 -8.59 -5.19 -2.56 -1.42 -1.24 -1.12 -1.11
Other Financing Activities, Net		 -2.28 -0.36 -0.68 -0.72 -0.49 -0.06 -0.02 -0.33 -0.18 -0.09 -0.09
Cash Interest Paid		 127 51 17 16 22 21 11 7.05 4.26 3.45 3.06
Cash Income Taxes Paid		 17 16 7.19 16 14 11 2.12 0.35 4.73 4.15 0.28

Quarterly Cash Flow Statements for First Bancshares

This table details how cash moves in and out of First Bancshares' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents		 6.28 6.53 -132 -15 158 3.58 -139 188 -19 -193
Net Cash From Operating Activities		 18 32 26 10 28 42 34 4.65 18 26
Net Cash From Continuing Operating Activities		 18 32 26 10 28 42 34 4.65 18 26
Net Income / (Loss) Continuing Operations		 18 19 20 21 11 24 24 16 16 14
Consolidated Net Income / (Loss)		 18 19 20 21 11 24 24 16 16 14
Provision For Loan Losses		 1.14 1.00 1.65 0.00 1.25 1.00 1.25 11 0.71 4.30
Depreciation Expense		 -3.98 5.71 4.77 3.70 8.13 1.65 -1.02 3.34 3.23 2.42
Non-Cash Adjustments to Reconcile Net Income		 4.37 2.68 -2.05 -1.67 21 -0.58 -2.50 -0.43 -6.42 8.65
Changes in Operating Assets and Liabilities, net		 -4.15 4.08 1.47 -12 -8.97 15 13 -26 2.72 -2.97
Net Cash From Investing Activities		 -54 25 -137 17 73 -40 5.09 290 -15 -34
Net Cash From Continuing Investing Activities		 -54 25 -137 17 73 -40 5.09 290 -15 -34
Purchase of Property, Leasehold Improvements and Equipment		 -1.03 -0.96 -0.61 -0.72 -0.94 0.17 -1.85 -1.07 -6.38 -5.02
Purchase of Investment Securities		 -104 -75 -187 -95 -98 -76 -39 -41 270 -123
Sale of Property, Leasehold Improvements and Equipment		 0.01 - 0.42 0.00 - 0.69 - 0.73 - -
Sale and/or Maturity of Investments		 52 101 50 112 172 36 45 224 -279 69
Net Cash From Financing Activities		 42 -51 -21 -42 57 1.60 -179 -106 -22 -185
Net Cash From Continuing Financing Activities		 42 -51 -21 -42 57 1.60 -179 -106 -22 -185
Net Change in Deposits		 49 -68 -86 246 -19 -13 -176 -219 -57 -245
Issuance of Debt		 1,417 1,516 1,000 100 4,253 1,209 605 1,533 1,990 65
Repayment of Debt		 -1,415 -1,491 -927 -380 -4,170 -1,187 -601 -1,413 -1,950 -0.04
Repurchase of Common Equity		 0.38 -0.05 -0.02 -0.31 - - - -0.31 - -
Payment of Dividends		 -7.67 -7.67 -7.67 -7.66 -7.35 -7.04 -6.74 -6.42 -4.73 -4.49
Cash Interest Paid		 29 32 28 39 17 14 9.58 11 - -
Cash Income Taxes Paid		 1.75 5.54 9.10 0.16 6.80 5.06 3.28 0.94 - -

Annual Balance Sheets for First Bancshares

This table presents First Bancshares' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Total Assets		 8,005 7,999 6,462 6,077 5,153 3,942 3,004 1,813 1,277 1,145 1,094
Cash and Due from Banks		 114 224 67 115 138 90 71 43 32 24 30
Interest Bearing Deposits at Other Banks		 106 131 78 804 425 79 88 48 30 17 14
Trading Account Securities		 1,003 1,042 691 - 1,022 765 503 368 255 251 265
Loans and Leases, Net of Allowance		 5,351 5,116 0.00 0.00 0.00 11 0.00 0.00 0.00 0.00 0.00
Loans Held for Sale		 3.69 2.91 4.44 - 3,109 - 2,050 1,217 860 - -
Premises and Equipment, Net		 170 174 144 - 115 98 75 46 35 34 35
Goodwill		 273 273 180 157 157 159 90 20 14 14 12
Intangible Assets		 59 69 - - - - - - - - -
Other Assets		 909 967 5,297 72 187 2,740 127 70 52 806 737
Total Liabilities & Shareholders' Equity		 8,005 7,999 6,462 6,077 5,153 3,942 3,004 1,813 1,277 1,145 1,094
Total Liabilities		 6,999 7,050 5,815 5,247 4,508 3,398 2,641 1,591 1,123 1,042 998
Non-Interest Bearing Deposits		 1,797 1,849 1,630 1,550 571 723 570 302 202 189 201
Interest Bearing Deposits		 4,808 4,614 3,864 3,676 3,644 2,353 1,887 1,169 837 727 691
Short-Term Debt		 210 390 130 0.00 - 214 86 - - - -
Accrued Interest Payable		 14 23 3.32 - 2.13 2.51 1.52 0.35 0.31 0.25 0.32
Long-Term Debt		 124 123 145 - 259 81 81 114 79 121 100
Other Long-Term Liabilities		 47 51 41 21 31 24 16 5.47 4.03 4.12 4.70
Total Equity & Noncontrolling Interests		 1,005 949 647 676 645 544 363 222 155 103 96
Total Preferred & Common Equity		 1,005 949 647 676 645 544 363 222 155 103 96
Total Common Equity		 1,005 949 647 676 645 544 363 222 155 86 79
Common Stock		 810 808 584 481 479 429 294 170 112 50 50
Retained Earnings		 346 300 253 206 154 110 72 54 44 36 28
Treasury Stock		 -41 -41 -41 -19 -14 -5.69 -0.46 -0.46 -0.46 -0.46 -0.46
Accumulated Other Comprehensive Income / (Loss)		 -110 -118 -149 7.98 26 10 -1.80 -0.44 -1.08 1.10 1.82

Quarterly Balance Sheets for First Bancshares

This table presents First Bancshares' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets		 7,966 7,966 7,964 7,884 7,862 8,017 6,455
Cash and Due from Banks		 128 117 109 122 106 107 72
Interest Bearing Deposits at Other Banks		 87 91 231 76 88 227 92
Trading Account Securities		 1,060 1,124 1,089 1,142 1,199 1,928 1,379
Loans and Leases, Net of Allowance		 5,263 5,196 5,086 5,036 4,958 4,917 3,681
Loans and Leases		 5,319 5,251 5,140 5,096 5,018 4,970 3,719
Allowance for Loan and Lease Losses		 56 55 54 54 53 52 38
Loans Held for Sale		 2.99 5.89 4.24 - - 4.07 2.23
Premises and Equipment, Net		 171 172 173 176 178 - 141
Goodwill		 273 273 273 273 273 272 179
Other Assets		 983 988 999 1,054 1,053 382 909
Total Liabilities & Shareholders' Equity		 7,966 7,966 7,964 7,884 7,862 8,017 6,455
Total Liabilities		 6,955 6,994 7,004 6,987 6,963 7,117 5,833
Non-Interest Bearing Deposits		 1,797 1,870 1,837 1,968 2,087 2,082 1,771
Interest Bearing Deposits		 4,764 4,756 4,873 4,512 4,406 4,586 3,780
Short-Term Debt		 208 182 110 302 280 250 90
Accrued Interest Payable		 14 15 14 14 7.97 4.09 1.37
Long-Term Debt		 124 124 123 128 128 154 145
Other Long-Term Liabilities		 49 46 46 63 54 41 46
Total Equity & Noncontrolling Interests		 1,012 972 960 897 899 896 621
Total Preferred & Common Equity		 1,012 972 960 897 899 896 621
Total Common Equity		 1,012 972 960 897 899 896 621
Common Stock		 809 809 808 807 806 806 583
Retained Earnings		 336 325 313 297 279 262 241
Treasury Stock		 -41 -41 -41 -41 -41 -41 -41
Accumulated Other Comprehensive Income / (Loss)		 -92 -120 -120 -165 -145 -131 -162

Annual Metrics And Ratios for First Bancshares

This table displays calculated financial ratios and metrics derived from First Bancshares' official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -4.05% 37.83% 10.40% -0.01% 30.79% 41.07% 43.42% 42.66% 15.60% 8.21% 16.11%
EBITDA Growth		 5.49% 12.86% -2.40% 32.69% 19.19% 95.74% 37.94% 30.79% 11.49% 25.53% 50.70%
EBIT Growth		 1.20% 23.02% -2.95% 28.56% 11.73% 108.93% 53.76% 25.07% 16.96% 32.73% 44.95%
NOPAT Growth		 2.30% 19.93% -1.94% 22.21% 20.03% 106.10% 99.93% 4.91% 15.01% 33.04% 42.55%
Net Income Growth		 2.30% 19.93% -1.94% 22.21% 20.03% 106.10% 99.93% 4.91% 15.01% 33.04% 42.55%
EPS Growth		 2.09% -15.85% -6.27% 20.24% 0.00% 0.00% 0.00% 0.00% 1.23% 29.60% 17.92%
Operating Cash Flow Growth		 -21.19% 20.53% -5.94% 87.00% 14.51% 41.90% 45.85% 169.44% 6.21% 6.94% -60.78%
Free Cash Flow Firm Growth		 143.09% -1,509.26% -120.91% 1,172.25% 95.15% -55.16% -85.29% -26,527.32% 101.81% 54.00% -40.69%
Invested Capital Growth		 -8.43% 58.65% 11.06% -8.20% 7.80% 58.45% 57.12% 44.05% 4.36% 14.33% 32.94%
Revenue Q/Q Growth		 4.27% 1.36% 3.22% 11.49% -8.14% -7.39% 51.77% 14.02% 3.79% 1.34% 3.75%
EBITDA Q/Q Growth		 -2.02% -5.01% -1.65% 19.70% -24.99% 2.54% 20.72% 57.92% 2.90% 5.73% 13.46%
EBIT Q/Q Growth		 8.66% -5.82% -3.85% 29.07% -26.60% 2.67% 18.46% 62.29% -0.37% 4.42% 7.77%
NOPAT Q/Q Growth		 10.37% -6.50% 0.81% 13.18% -6.31% -22.75% 18.62% 1.01% -0.49% 3.74% 8.93%
Net Income Q/Q Growth		 10.37% -6.50% 0.81% 50.58% -30.59% 13.93% 38.96% 54.93% -0.49% 3.74% 8.93%
EPS Q/Q Growth		 10.41% -11.48% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 -10.89% 10.05% -0.66% 4.18% 3.12% 12.39% 10.68% 0.50% 191.81% 24.16% -30.34%
Free Cash Flow Firm Q/Q Growth		 266.89% -19.15% -249.57% -2.82% 91.28% -40.60% -7.05% -31.75% 103.54% -112.52% -80.66%
Invested Capital Q/Q Growth		 -0.27% 10.16% 7.63% 2.04% 0.57% 20.67% 17.77% 24.02% 22.45% 31.10% 27.79%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 38.80% 35.29% 43.10% 48.75% 36.74% 40.31% 29.05% 30.21% 32.95% 34.16% 29.45%
EBIT Margin		 34.49% 32.70% 36.64% 41.68% 32.42% 37.95% 25.62% 23.90% 27.26% 26.94% 21.96%
Profit (Net Income) Margin		 27.18% 25.49% 29.30% 32.98% 26.99% 29.41% 20.13% 14.44% 19.63% 19.74% 16.05%
Tax Burden Percent		 78.80% 77.95% 79.96% 79.14% 83.25% 77.50% 78.56% 60.42% 72.03% 73.25% 73.08%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 21.20% 22.05% 20.04% 20.86% 16.75% 22.50% 21.44% 39.58% 27.97% 26.75% 26.92%
Return on Invested Capital (ROIC)		 5.51% 6.33% 7.18% 7.40% 6.03% 6.40% 4.90% 3.72% 4.42% 4.19% 3.85%
ROIC Less NNEP Spread (ROIC-NNEP)		 5.51% 6.33% 7.18% 7.40% 6.03% 6.40% 4.90% 3.72% 4.42% 4.19% 3.85%
Return on Net Nonoperating Assets (RNNOA)		 2.39% 3.13% 2.33% 2.31% 2.81% 3.25% 2.35% 1.91% 3.43% 4.62% 3.44%
Return on Equity (ROE)		 7.90% 9.46% 9.51% 9.72% 8.84% 9.65% 7.25% 5.63% 7.85% 8.81% 7.29%
Cash Return on Invested Capital (CROIC)		 14.31% -39.02% -3.30% 15.95% -1.48% -38.84% -39.53% -32.38% 0.15% -9.19% -24.43%
Operating Return on Assets (OROA)		 1.22% 1.34% 1.26% 1.44% 1.39% 1.63% 1.12% 1.14% 1.16% 1.07% 0.89%
Return on Assets (ROA)		 0.96% 1.04% 1.00% 1.14% 1.15% 1.26% 0.88% 0.69% 0.84% 0.79% 0.65%
Return on Common Equity (ROCE)		 7.90% 9.46% 9.51% 9.72% 8.84% 9.65% 7.25% 5.63% 7.32% 7.30% 5.92%
Return on Equity Simple (ROE_SIMPLE)		 7.68% 7.95% 9.73% 9.49% 8.14% 8.05% 5.84% 4.77% 6.55% 8.51% 6.87%
Net Operating Profit after Tax (NOPAT)		 77 75 63 64 53 44 21 11 10 8.80 6.61
NOPAT Margin		 27.18% 25.49% 29.30% 32.98% 26.99% 29.41% 20.13% 14.44% 19.63% 19.74% 16.05%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 44.74% 39.99% 42.61% 42.98% 39.43% 40.05% 44.17% 51.75% 47.34% 53.39% 54.82%
Operating Expenses to Revenue		 64.17% 62.40% 60.75% 58.89% 54.66% 59.54% 72.37% 75.41% 71.53% 72.14% 74.59%
Earnings before Interest and Taxes (EBIT)		 98 97 79 81 63 56 27 18 14 12 9.05
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 110 104 93 95 71 60 31 22 17 15 12
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.08 0.92 1.10 1.10 0.93 1.09 1.09 1.51 0.85 0.99 0.84
Price to Tangible Book Value (P/TBV)		 1.61 1.44 1.53 1.44 1.23 1.54 1.45 1.66 0.93 1.18 0.99
Price to Revenue (P/Rev)		 3.82 2.95 3.33 3.84 3.08 4.00 3.75 4.56 2.54 1.92 1.60
Price to Earnings (P/E)		 14.05 11.59 11.35 11.64 11.41 13.59 18.64 31.61 13.53 10.14 10.57
Dividend Yield		 2.88% 3.20% 2.49% 1.63% 1.50% 0.98% 0.75% 0.50% 0.63% 0.95% 1.21%
Earnings Yield		 7.12% 8.63% 8.81% 8.59% 8.76% 7.36% 5.36% 3.16% 7.39% 9.87% 9.46%
Enterprise Value to Invested Capital (EV/IC)		 0.89 0.71 0.92 0.00 0.33 0.86 0.76 1.06 0.63 0.81 0.71
Enterprise Value to Revenue (EV/Rev)		 4.22 3.49 3.93 0.00 1.52 4.85 3.82 4.87 2.87 4.09 3.36
Enterprise Value to EBITDA (EV/EBITDA)		 10.87 9.89 9.12 0.00 4.14 12.02 13.14 16.12 8.72 11.96 11.40
Enterprise Value to EBIT (EV/EBIT)		 12.23 10.67 10.73 0.00 4.69 12.77 14.90 20.38 10.53 15.17 15.28
Enterprise Value to NOPAT (EV/NOPAT)		 15.52 13.69 13.42 0.00 5.63 16.48 18.97 33.72 14.63 20.71 20.91
Enterprise Value to Operating Cash Flow (EV/OCF)		 14.01 9.52 9.38 0.00 5.78 16.13 12.78 16.58 18.46 24.14 19.60
Enterprise Value to Free Cash Flow (EV/FCFF)		 5.98 0.00 0.00 0.00 0.00 0.00 0.00 0.00 423.32 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.33 0.54 0.43 0.00 0.40 0.54 0.46 0.51 0.51 1.17 1.04
Long-Term Debt to Equity		 0.12 0.13 0.22 0.00 0.40 0.15 0.22 0.51 0.51 1.17 1.04
Financial Leverage		 0.43 0.49 0.32 0.31 0.47 0.51 0.48 0.51 0.78 1.10 0.89
Leverage Ratio		 8.19 9.06 9.48 8.50 7.65 7.66 8.22 8.20 9.39 11.21 11.22
Compound Leverage Factor		 8.19 9.06 9.48 8.50 7.65 7.66 8.22 8.20 9.39 11.21 11.22
Debt to Total Capital		 24.92% 35.11% 29.85% 0.00% 28.68% 35.18% 31.37% 33.96% 33.92% 53.84% 50.90%
Short-Term Debt to Total Capital		 15.68% 26.67% 14.11% 0.00% 0.00% 25.56% 16.15% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 9.24% 8.44% 15.73% 0.00% 28.68% 9.62% 15.21% 33.96% 33.92% 53.84% 50.90%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 7.64% 8.74%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 75.08% 64.89% 70.15% 100.00% 71.32% 64.83% 68.63% 66.04% 66.08% 38.52% 40.36%
Debt to EBITDA		 3.03 4.91 2.97 0.00 3.63 4.92 5.42 5.15 4.67 7.92 8.22
Net Debt to EBITDA		 1.03 1.51 1.40 0.00 -4.24 2.10 0.23 1.01 1.01 5.21 4.54
Long-Term Debt to EBITDA		 1.12 1.18 1.57 0.00 3.63 1.35 2.63 5.15 4.67 7.92 8.22
Debt to NOPAT		 4.32 6.80 4.37 0.00 4.94 6.74 7.82 10.77 7.84 13.71 15.08
Net Debt to NOPAT		 1.47 2.10 2.06 0.00 -5.78 2.88 0.33 2.12 1.70 9.02 8.34
Long-Term Debt to NOPAT		 1.60 1.64 2.31 0.00 4.94 1.84 3.79 10.77 7.84 13.71 15.08
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 6.64% 17.15% 18.88%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 200 -465 -29 138 -13 -266 -171 -92 0.35 -19 -42
Operating Cash Flow to CapEx		 2,953.78% 4,775.88% 607.88% 1,343.37% 1,163.82% 566.40% 776.44% 461.99% 296.12% 613.31% 713.77%
Free Cash Flow to Firm to Interest Expense		 1.48 -5.08 -1.28 7.02 -0.48 -9.94 -11.34 -13.37 0.08 -6.02 -14.11
Operating Cash Flow to Interest Expense		 0.63 1.18 3.99 4.86 1.92 1.67 2.09 3.13 1.86 2.35 2.37
Operating Cash Flow Less CapEx to Interest Expense		 0.61 1.16 3.33 4.50 1.75 1.38 1.82 2.45 1.23 1.97 2.04
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.03 0.03 0.04 0.04 0.04 0.05 0.04 0.04 0.04
Fixed Asset Turnover		 1.65 1.86 0.00 0.00 1.82 1.72 1.74 1.81 1.51 1.30 1.23
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,339 1,462 922 830 904 839 529 337 234 224 196
Invested Capital Turnover		 0.20 0.25 0.25 0.22 0.22 0.22 0.24 0.26 0.23 0.21 0.24
Increase / (Decrease) in Invested Capital		 -123 541 92 -74 65 309 192 103 9.77 28 49
Enterprise Value (EV)		 1,198 1,033 844 -173 296 721 403 358 148 182 138
Market Capitalization		 1,085 875 714 747 599 595 396 336 131 86 66
Book Value per Share		 $32.23 $30.53 $26.91 $32.17 $30.12 $28.90 $24.48 $19.88 $28.33 $15.97 $14.89
Tangible Book Value per Share		 $21.59 $19.55 $19.41 $24.72 $22.79 $20.47 $18.43 $18.09 $25.80 $13.42 $12.58
Total Capital		 1,339 1,462 922 676 904 839 529 337 234 224 196
Total Debt		 334 513 275 0.00 259 295 166 114 79 121 100
Total Long-Term Debt		 124 123 145 0.00 259 81 81 114 79 121 100
Net Debt		 113 158 130 -920 -303 126 6.91 22 17 79 55
Capital Expenditures (CapEx)		 2.90 2.27 15 7.13 4.40 7.89 4.06 4.68 2.71 1.23 0.99
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 334 513 275 154 259 295 166 114 79 121 100
Total Depreciation and Amortization (D&A)		 12 7.67 14 14 8.41 3.52 3.62 4.64 2.93 3.22 3.08
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.45 $2.41 $2.86 $0.00 $0.00 $0.00 $1.63 $1.12 $1.86 $1.64 $1.27
Adjusted Weighted Average Basic Shares Outstanding		 31.25M 31.23M 31.06M 20.49M 21.02M 18.85M 17.27M 12.34M 9.14M 5.43M 5.38M
Adjusted Diluted Earnings per Share		 $2.44 $2.39 $2.84 $0.00 $0.00 $0.00 $1.62 $1.11 $1.64 $1.62 $1.25
Adjusted Weighted Average Diluted Shares Outstanding		 31.25M 31.23M 31.06M 20.49M 21.02M 18.85M 17.27M 12.34M 9.14M 5.43M 5.38M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 31.25M 31.23M 31.06M 20.49M 21.02M 18.85M 17.27M 12.34M 9.14M 5.43M 5.38M
Normalized Net Operating Profit after Tax (NOPAT)		 80 83 68 65 55 49 32 11 10 8.80 6.61
Normalized NOPAT Margin		 28.22% 27.88% 31.68% 33.64% 28.41% 32.68% 30.42% 14.44% 19.63% 19.74% 16.05%
Pre Tax Income Margin		 34.49% 32.70% 36.64% 41.68% 32.42% 37.95% 25.62% 23.90% 27.26% 26.94% 21.96%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.72 1.06 3.49 4.12 2.37 2.11 1.79 2.54 3.26 3.75 3.04
NOPAT to Interest Expense		 0.57 0.82 2.79 3.26 1.97 1.64 1.41 1.54 2.35 2.74 2.22
EBIT Less CapEx to Interest Expense		 0.70 1.03 2.83 3.76 2.20 1.82 1.52 1.87 2.63 3.36 2.71
NOPAT Less CapEx to Interest Expense		 0.55 0.80 2.13 2.90 1.80 1.34 1.14 0.86 1.72 2.36 1.89
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 39.72% 36.51% 25.87% 18.69% 16.36% 11.86% 12.05% 13.34% 12.20% 12.74% 16.72%
Augmented Payout Ratio		 39.72% 36.51% 61.12% 26.75% 31.72% 23.82% 13.16% 13.34% 12.20% 16.58% 16.72%

Quarterly Metrics And Ratios for First Bancshares

This table displays calculated financial ratios and metrics derived from First Bancshares' official financial filings.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 19.38% -10.96% -9.36% -9.70% 7.07% 37.58% 54.54% 55.71% 13.57% 17.25%
EBITDA Growth		 -19.16% -10.25% 2.93% 25.17% -4.60% 61.64% 32.16% -2.30% 7.49% -16.21%
EBIT Growth		 54.48% -23.77% -16.27% 27.44% -29.44% 74.23% 57.75% -1.59% 9.41% -12.62%
NOPAT Growth		 65.64% -23.76% -17.17% 26.78% -32.20% 73.47% 50.95% -3.32% 3.19% -12.95%
Net Income Growth		 65.64% -23.76% -17.17% 26.78% -32.20% 73.47% 50.95% -3.32% 3.19% -12.95%
EPS Growth		 65.71% -23.38% -17.33% 25.00% -46.97% 26.23% -1.32% -35.80% 0.00% -19.74%
Operating Cash Flow Growth		 -37.11% -23.00% -25.11% 119.90% 54.30% 57.41% 53.26% -79.86% -3.18% 40.11%
Free Cash Flow Firm Growth		 126.73% 100.73% 108.56% 123.79% -601.15% -1,437.98% -602.70% -841.19% -184.04% -128.56%
Invested Capital Growth		 -8.43% 1.15% -2.28% -8.50% 58.65% 55.01% 85.40% 77.39% 11.06% 5.30%
Revenue Q/Q Growth		 0.54% 0.20% 1.56% 16.68% -25.01% 2.01% 1.18% 38.35% -3.65% 14.59%
EBITDA Q/Q Growth		 -38.62% -1.90% -0.49% 34.90% -31.85% 12.51% 21.01% 2.82% 15.47% -8.01%
EBIT Q/Q Growth		 -7.24% -5.96% -4.59% 85.62% -54.23% 3.30% 45.22% 2.77% 13.02% -6.47%
NOPAT Q/Q Growth		 -1.47% -5.72% -4.51% 86.73% -54.65% 2.44% 46.14% -0.14% 16.03% -10.86%
Net Income Q/Q Growth		 -1.47% -5.72% -4.51% 86.73% -54.65% 2.44% 46.14% -0.14% 16.03% -10.86%
EPS Q/Q Growth		 -1.69% -4.84% -4.62% 85.71% -54.55% 2.67% 44.23% -21.21% 8.20% -19.74%
Operating Cash Flow Q/Q Growth		 -44.75% 25.49% 149.49% -63.65% -32.35% 22.06% 632.53% -74.49% -30.98% 18.83%
Free Cash Flow Firm Q/Q Growth		 4,236.89% -93.41% -62.35% 124.83% -18.54% 22.78% -4.67% -631.81% -160.03% -125.24%
Invested Capital Q/Q Growth		 -0.27% 5.09% 7.08% -18.40% 10.16% 1.52% 0.26% 41.49% 7.63% 21.42%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 25.34% 41.51% 42.39% 43.27% 37.42% 41.18% 37.33% 31.22% 42.00% 35.05%
EBIT Margin		 30.90% 33.49% 35.68% 37.98% 23.88% 39.12% 38.63% 26.91% 36.23% 30.89%
Profit (Net Income) Margin		 25.54% 26.06% 27.70% 29.46% 18.41% 30.44% 30.31% 20.98% 29.07% 24.14%
Tax Burden Percent		 82.67% 77.83% 77.63% 77.56% 77.10% 77.82% 78.47% 77.97% 80.24% 78.16%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 17.33% 22.17% 22.37% 22.44% 22.90% 22.18% 21.53% 22.03% 19.76% 21.84%
Return on Invested Capital (ROIC)		 5.18% 5.32% 6.02% 6.81% 4.57% 8.14% 8.14% 4.99% 7.13% 6.02%
ROIC Less NNEP Spread (ROIC-NNEP)		 5.18% 5.32% 6.02% 6.81% 4.57% 8.14% 8.14% 4.99% 7.13% 6.02%
Return on Net Nonoperating Assets (RNNOA)		 2.24% 2.12% 2.30% 2.35% 2.26% 3.57% 3.08% 1.85% 2.31% 1.77%
Return on Equity (ROE)		 7.42% 7.44% 8.32% 9.16% 6.83% 11.71% 11.22% 6.85% 9.44% 7.79%
Cash Return on Invested Capital (CROIC)		 14.31% 4.09% 8.16% 15.27% -39.02% -35.75% -52.85% -49.68% -3.30% 2.31%
Operating Return on Assets (OROA)		 1.10% 1.15% 1.27% 1.37% 0.98% 1.59% 1.50% 0.92% 1.24% 1.07%
Return on Assets (ROA)		 0.91% 0.90% 0.98% 1.06% 0.75% 1.24% 1.18% 0.72% 1.00% 0.84%
Return on Common Equity (ROCE)		 7.42% 7.44% 8.32% 9.16% 6.83% 11.71% 11.22% 6.85% 9.44% 7.79%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 6.91% 7.79% 8.31% 0.00% 8.99% 7.83% 6.96% 0.00% 10.04%
Net Operating Profit after Tax (NOPAT)		 18 19 20 21 11 24 24 16 16 14
NOPAT Margin		 25.54% 26.06% 27.70% 29.46% 18.41% 30.44% 30.31% 20.98% 29.07% 24.14%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 48.95% 43.21% 42.94% 43.16% 53.62% 35.18% 36.14% 37.23% 47.21% 39.41%
Operating Expenses to Revenue		 67.51% 65.11% 62.00% 62.02% 74.04% 59.63% 59.78% 58.90% 62.51% 61.72%
Earnings before Interest and Taxes (EBIT)		 22 24 25 27 14 31 30 21 20 18
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 18 30 30 30 22 33 29 24 24 20
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.08 0.98 0.83 0.83 0.92 0.89 0.85 0.85 1.10 1.08
Price to Tangible Book Value (P/TBV)		 1.61 1.35 1.15 1.16 1.44 1.28 1.22 1.22 1.53 1.52
Price to Revenue (P/Rev)		 3.82 3.66 2.86 2.76 2.95 2.75 2.84 3.14 3.33 3.23
Price to Earnings (P/E)		 14.05 14.24 10.63 9.97 11.59 9.94 10.90 12.19 11.35 10.76
Dividend Yield		 2.88% 3.10% 3.76% 3.69% 3.20% 3.33% 3.32% 3.19% 2.49% 2.50%
Earnings Yield		 7.12% 7.02% 9.41% 10.03% 8.63% 10.06% 9.17% 8.20% 8.81% 9.30%
Enterprise Value to Invested Capital (EV/IC)		 0.89 0.83 0.71 0.58 0.71 0.78 0.75 0.64 0.92 0.87
Enterprise Value to Revenue (EV/Rev)		 4.22 4.08 3.21 2.39 3.49 3.54 3.63 3.43 3.93 3.57
Enterprise Value to EBITDA (EV/EBITDA)		 10.87 9.89 7.79 6.00 9.89 9.41 10.07 9.20 9.12 7.89
Enterprise Value to EBIT (EV/EBIT)		 12.23 12.34 9.25 6.72 10.67 10.07 10.97 10.61 10.73 9.07
Enterprise Value to NOPAT (EV/NOPAT)		 15.52 15.91 11.92 8.64 13.69 12.82 13.94 13.32 13.42 11.90
Enterprise Value to Operating Cash Flow (EV/OCF)		 14.01 11.60 8.56 6.04 9.52 10.50 11.76 11.61 9.38 8.19
Enterprise Value to Free Cash Flow (EV/FCFF)		 5.98 20.37 8.56 3.62 0.00 0.00 0.00 0.00 0.00 38.42
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.33 0.33 0.31 0.24 0.54 0.48 0.45 0.45 0.43 0.38
Long-Term Debt to Equity		 0.12 0.12 0.13 0.13 0.13 0.14 0.14 0.17 0.22 0.23
Financial Leverage		 0.43 0.40 0.38 0.35 0.49 0.44 0.38 0.37 0.32 0.29
Leverage Ratio		 8.19 8.30 8.46 8.61 9.06 9.44 9.52 9.56 9.48 9.28
Compound Leverage Factor		 8.19 8.30 8.46 8.61 9.06 9.44 9.52 9.56 9.48 9.28
Debt to Total Capital		 24.92% 24.66% 23.94% 19.56% 35.11% 32.41% 31.22% 31.07% 29.85% 27.43%
Short-Term Debt to Total Capital		 15.68% 15.45% 14.27% 9.22% 26.67% 22.75% 21.41% 19.22% 14.11% 10.51%
Long-Term Debt to Total Capital		 9.24% 9.21% 9.67% 10.35% 8.44% 9.66% 9.80% 11.85% 15.73% 16.93%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 75.08% 75.34% 76.06% 80.44% 64.89% 67.59% 68.78% 68.93% 70.15% 72.57%
Debt to EBITDA		 3.03 2.94 2.64 2.03 4.91 3.91 4.19 4.48 2.97 2.50
Net Debt to EBITDA		 1.03 1.04 0.85 -0.93 1.51 2.12 2.20 0.78 1.40 0.76
Long-Term Debt to EBITDA		 1.12 1.10 1.07 1.07 1.18 1.17 1.32 1.71 1.57 1.54
Debt to NOPAT		 4.32 4.73 4.04 2.93 6.80 5.33 5.80 6.48 4.37 3.76
Net Debt to NOPAT		 1.47 1.67 1.30 -1.33 2.10 2.88 3.04 1.13 2.06 1.14
Long-Term Debt to NOPAT		 1.60 1.77 1.63 1.55 1.64 1.59 1.82 2.47 2.31 2.32
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 142 3.26 50 131 -530 -447 -579 -553 -76 -29
Operating Cash Flow to CapEx		 1,725.54% 3,327.21% 13,509.52% 1,427.34% 2,997.98% 0.00% 1,842.81% 1,389.25% 286.14% 526.47%
Free Cash Flow to Firm to Interest Expense		 4.23 0.09 1.49 3.83 -17.05 -17.89 -28.69 -35.86 -7.55 -6.15
Operating Cash Flow to Interest Expense		 0.53 0.93 0.77 0.30 0.91 1.67 1.69 0.30 1.82 5.59
Operating Cash Flow Less CapEx to Interest Expense		 0.50 0.90 0.76 0.28 0.88 1.70 1.60 0.28 1.19 4.53
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.04 0.03 0.04 0.04 0.04 0.04 0.04 0.03 0.03 0.03
Fixed Asset Turnover		 1.65 1.57 1.61 0.00 1.86 1.85 1.77 0.00 0.00 1.62
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 1,339 1,343 1,278 1,193 1,462 1,328 1,308 1,304 922 856
Invested Capital Turnover		 0.20 0.20 0.22 0.23 0.25 0.27 0.27 0.24 0.25 0.25
Increase / (Decrease) in Invested Capital		 -123 15 -30 -111 541 471 602 569 92 43
Enterprise Value (EV)		 1,198 1,113 903 689 1,033 1,035 981 831 844 743
Market Capitalization		 1,085 996 805 796 875 802 767 760 714 671
Book Value per Share		 $32.23 $32.42 $31.13 $30.74 $30.53 $28.85 $28.97 $28.86 $26.91 $25.86
Tangible Book Value per Share		 $21.59 $23.69 $22.40 $22.01 $19.55 $20.08 $20.19 $20.11 $19.41 $18.42
Total Capital		 1,339 1,343 1,278 1,193 1,462 1,328 1,308 1,301 922 856
Total Debt		 334 331 306 233 513 430 408 404 275 235
Total Long-Term Debt		 124 124 124 123 123 128 128 154 145 145
Net Debt		 113 117 98 -106 158 233 214 71 130 71
Capital Expenditures (CapEx)		 1.03 0.96 0.19 0.72 0.94 -0.85 1.85 0.34 6.38 5.02
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 334 331 306 233 513 430 408 408 275 235
Total Depreciation and Amortization (D&A)		 -3.98 5.71 4.77 3.70 8.13 1.65 -1.02 3.34 3.23 2.42
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.58 $0.59 $0.62 $0.66 $0.35 $0.78 $0.76 $0.52 $0.67 $0.61
Adjusted Weighted Average Basic Shares Outstanding		 31.25M 31.20M 31.20M 31.22M 31.23M 31.09M 31.10M 31.05M 31.06M 24.03M
Adjusted Diluted Earnings per Share		 $0.58 $0.59 $0.62 $0.65 $0.35 $0.77 $0.75 $0.52 $0.66 $0.61
Adjusted Weighted Average Diluted Shares Outstanding		 31.25M 31.20M 31.20M 31.22M 31.23M 31.09M 31.10M 31.05M 31.06M 24.03M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 31.25M 31.20M 31.20M 31.22M 31.23M 31.09M 31.10M 31.05M 31.06M 24.03M
Normalized Net Operating Profit after Tax (NOPAT)		 19 21 20 21 12 25 27 19 17 17
Normalized NOPAT Margin		 26.45% 28.89% 28.08% 29.47% 19.17% 31.01% 34.41% 24.80% 30.78% 29.03%
Pre Tax Income Margin		 30.90% 33.49% 35.68% 37.98% 23.88% 39.12% 38.63% 26.91% 36.23% 30.89%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.66 0.69 0.76 0.77 0.46 1.25 1.50 1.35 2.03 3.80
NOPAT to Interest Expense		 0.55 0.54 0.59 0.60 0.36 0.98 1.18 1.06 1.63 2.97
EBIT Less CapEx to Interest Expense		 0.63 0.66 0.76 0.75 0.43 1.29 1.41 1.33 1.39 2.74
NOPAT Less CapEx to Interest Expense		 0.52 0.51 0.59 0.58 0.33 1.01 1.09 1.03 0.99 1.91
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 39.72% 43.39% 39.24% 36.07% 36.51% 30.89% 31.80% 30.91% 25.87% 23.80%
Augmented Payout Ratio		 39.72% 43.39% 39.27% 36.07% 36.51% 30.89% 32.24% 31.40% 61.12% 59.33%

Frequently Asked Questions About First Bancshares' Financials

When does First Bancshares's fiscal year end?

According to the most recent income statement we have on file, First Bancshares' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has First Bancshares' net income changed over the last 10 years?

First Bancshares' net income appears to be on an upward trend, with a most recent value of $77.19 million in 2024, rising from $6.61 million in 2014. The previous period was $75.46 million in 2023. View First Bancshares' forecast to see where analysts expect First Bancshares to go next.

How has First Bancshares revenue changed over the last 10 years?

Over the last 10 years, First Bancshares' total revenue changed from $41.20 million in 2014 to $284.03 million in 2024, a change of 589.4%.

How much debt does First Bancshares have?

First Bancshares' total liabilities were at $7.00 billion at the end of 2024, a 0.7% decrease from 2023, and a 601.7% increase since 2014.

How much cash does First Bancshares have?

In the past 10 years, First Bancshares' cash and equivalents has ranged from $23.63 million in 2015 to $224.20 million in 2023, and is currently $114.19 million as of their latest financial filing in 2024.

How has First Bancshares' book value per share changed over the last 10 years?

Over the last 10 years, First Bancshares' book value per share changed from 14.89 in 2014 to 32.23 in 2024, a change of 116.4%.


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This page (NASDAQ:FBMS) was last updated on 5/25/2025 by MarketBeat.com Staff
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