FBMS - First Bancshares Inc-The Stock Price, Fair Value and News

24.00USD-0.13 (-0.54%)Delayed as of 30 Apr 2024, 01:59 pm ET

Market Summary

USD24.00-0.13

Delayedas of 30 Apr 2024, 01:59 pm

-0.54%

FBMS Stock Price

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FBMS RSI Chart

FBMS Valuation

Market Cap

753.5M

Price/Earnings (Trailing)

9.99

Price/Sales (Trailing)

2.21

EV/EBITDA

1.11

Price/Free Cashflow

7.19

FBMS Price/Sales (Trailing)

FBMS Profitability

EBT Margin

28.39%

Return on Equity

7.95%

Return on Assets

0.94%

Free Cashflow Yield

13.91%

FBMS Fundamentals

FBMS Revenue

Revenue (TTM)

340.9M

Rev. Growth (Yr)

53.15%

Rev. Growth (Qtr)

3.55%

FBMS Earnings

Earnings (TTM)

75.5M

Earnings Growth (Yr)

-32.2%

Earnings Growth (Qtr)

-54.65%

Breaking Down FBMS Revenue

52 Week Range

22.8232.06

(Low)(High)

Last 7 days

-1.9%

Last 30 days

-7.0%

Last 90 days

-8.7%

Trailing 12 Months

-3.9%

How does FBMS drawdown profile look like?

FBMS Financial Health

Debt/Equity

0.07

Debt/Cashflow

1.76

FBMS Investor Care

Dividend Yield

3.73%

Dividend/Share (TTM)

0.9

Shares Dilution (1Y)

0.53%

Diluted EPS (TTM)

2.39

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	238.0M	278.3M	310.1M	340.9M
2022	174.3M	176.9M	186.3M	200.4M
2021	182.9M	180.4M	178.5M	176.7M
2020	156.9M	165.1M	174.2M	179.3M
2019	114.5M	127.0M	138.6M	148.5M
2018	69.1M	77.6M	86.6M	100.0M
2017	49.8M	55.4M	60.8M	66.1M
2016	41.1M	42.0M	43.2M	44.6M
2015	37.6M	39.1M	39.4M	40.2M
2014	33.1M	34.1M	35.1M	36.4M
2013	26.3M	27.3M	29.5M	31.3M
2012	25.4M	26.1M	26.5M	26.3M
2011	23.7M	24.0M	24.2M	24.5M
2010	0	0	0	23.5M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of First Bancshares Inc-The

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 01, 2024	lowery donna t. rutland	sold (taxes)	-18,274	24.83	-736	chief financial officer
Mar 01, 2024	cole m ray jr	sold (taxes)	-56,612	24.83	-2,280	president, ceo and chairman
Feb 15, 2024	williamson valencia m.	acquired	-	-	1,000	-
Feb 15, 2024	lowery donna t. rutland	acquired	-	-	4,081	chief financial officer
Feb 15, 2024	seidenburg j douglas	acquired	-	-	1,000	-
Feb 15, 2024	moore diana renee	acquired	-	-	1,000	-
Feb 15, 2024	mcmurry fred a	acquired	-	-	1,000	-
Feb 15, 2024	gibson e ricky	acquired	-	-	1,000	-
Feb 15, 2024	levy jonathan a	acquired	-	-	1,000	-
Feb 15, 2024	lightsey charles r	acquired	-	-	1,000	-

Which funds bought or sold FBMS recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 25, 2024	Allworth Financial LP	new	-	156	156	-%
Apr 25, 2024	Zurcher Kantonalbank (Zurich Cantonalbank)	unchanged	-	-16,150	123,989	-%
Apr 25, 2024	Lindbrook Capital, LLC	sold off	-100	-8,682	-	-%
Apr 25, 2024	Bank of New York Mellon Corp	reduced	-3.36	-766,076	4,519,220	-%
Apr 25, 2024	SIMPLEX TRADING, LLC	sold off	-100	-6,000	-	-%
Apr 24, 2024	Spire Wealth Management	new	-	1,791	1,791	-%
Apr 24, 2024	LEAVELL INVESTMENT MANAGEMENT, INC.	unchanged	-	-43,000	330,000	0.02%
Apr 23, 2024	AMALGAMATED BANK	reduced	-61.1	-51,000	27,000	-%
Apr 22, 2024	MetLife Investment Management, LLC	unchanged	-	37,951	471,656	-%
Apr 22, 2024	RAYMOND JAMES & ASSOCIATES	reduced	-9.07	-89,176	366,888	-%

Are Funds Buying or Selling FBMS?

Are funds buying FBMS calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own FBMS

No. of Funds

Unveiling First Bancshares Inc-The's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	t. rowe price investment management, inc.	9.5%	2,960,951	SC 13G/A
Feb 13, 2024	vanguard group inc	5.04%	1,566,603	SC 13G/A
Feb 12, 2024	lehman kenneth r	5.9%	1,842,644	SC 13G
Feb 08, 2024	fj capital management llc	4.27%	1,380,824	SC 13G/A
Jan 25, 2024	blackrock inc.	8.8%	2,721,247	SC 13G/A
Feb 14, 2023	t. rowe price investment management, inc.	11.4%	2,730,357	SC 13G/A
Feb 14, 2023	ejf capital llc	0.2%	49,703	SC 13G/A
Feb 09, 2023	vanguard group inc	5.15%	1,238,455	SC 13G/A
Feb 08, 2023	fj capital management llc	6.33%	1,521,546	SC 13G/A
Jan 24, 2023	blackrock inc.	9.8%	2,363,557	SC 13G/A

Recent SEC filings of First Bancshares Inc-The

View All Filings

Date Filed	Form Type	Document
Apr 26, 2024	8-K	Current Report
Apr 25, 2024	8-K	Current Report
Apr 24, 2024	SCHEDULE 13G	SCHEDULE 13G
Apr 10, 2024	DEF 14A	DEF 14A
Apr 10, 2024	DEFA14A	DEFA14A
Mar 04, 2024	4	Insider Trading
Mar 04, 2024	4	Insider Trading
Feb 29, 2024	10-K	Annual Report
Feb 28, 2024	8-K	Current Report
Feb 15, 2024	4	Insider Trading

First Bancshares Inc-The News

Latest updates

First Bancshares Inc-The Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	3.5%	89.00	86.00	86.00	80.00	58.00	54.00	46.00	43.00	44.00	44.00	43.00	45.00	46.00	46.00	46.00	42.00	40.00	37.00	38.00	33.00	31.00
EBITDA Margin	-6.8%	1.05*	1.13*	1.17*	1.24*	1.34*	1.40*	1.44*	1.44*	1.43*	1.42*	1.37*	-	-	-	-	-	-	-	-	-	-
Interest Expenses	-5.0%	58.00	61.00	66.00	65.00	48.00	49.00	42.00	39.00	40.00	40.00	38.00	39.00	39.00	40.00	39.00	34.00	33.00	30.00	31.00	27.00	25.00
Income Taxes	-52.8%	3.00	7.00	7.00	5.00	4.00	4.00	3.00	4.00	4.00	4.00	4.00	5.00	4.00	3.00	2.00	2.00	3.00	3.00	4.00	2.00	2.00
Earnings Before Taxes	-54.2%	14.00	31.00	30.00	21.00	20.00	18.00	19.00	21.00	20.00	21.00	19.00	21.00	19.00	15.00	19.00	10.00	15.00	16.00	16.00	10.00	9.00
EBT Margin	-14.3%	0.28*	0.33*	0.32*	0.33*	0.39*	0.42*	0.46*	0.46*	0.46*	0.45*	0.41*	-	-	-	-	-	-	-	-	-	-
Net Income	-54.7%	11.00	24.00	24.00	16.00	16.00	14.00	16.00	17.00	16.00	16.00	16.00	17.00	15.00	12.00	17.00	8.00	12.00	12.00	12.00	8.00	7.00
Net Income Margin	-14.9%	0.22*	0.26*	0.25*	0.26*	0.31*	0.33*	0.36*	0.37*	0.36*	0.36*	0.33*	-	-	-	-	-	-	-	-	-	-
Free Cashflow	-34.9%	27.00	42.00	32.00	4.00	12.00	21.00	19.00	22.00	18.00	13.00	25.00	-	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	1.5%	7,999	7,884	7,862	8,017	6,462	6,455	1,700	6,196	6,077	5,512	5,510	5,443	5,153	5,164	5,085	4,062	3,942	3,482	3,473	3,533	3,004
Cash Equivalents	79.7%	355	198	194	333	145	164	357	803	920	657	762	813	563	-	-	-	169	-	-	-	159
Net PPE	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	97.00	97.00	95.00	75.00
Goodwill	-0.1%	273	273	273	272	180	179	157	157	157	157	157	157	157	159	159	-7.83	159	119	119	120	90.00
Liabilities	0.9%	7,050	6,987	6,963	7,121	5,815	5,833	5,477	5,606	5,401	4,843	4,850	4,799	4,508	4,526	4,457	3,506	3,398	3,004	3,006	3,079	2,641
Short Term Borrowings	29.1%	390	302	280	250	130	90.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	62.00	86.00
Shareholder's Equity	5.8%	949	897	899	896	647	621	560	590	676	669	660	644	645	638	628	556	544	478	466	454	363
Retained Earnings	1.2%	300	297	279	262	253	241	232	220	206	194	181	168	154	141	132	117	110	100	89.00	79.00	72.00
Additional Paid-In Capital	0.1%	775	775	774	774	559	558	460	459	459	459	457	457	457	456	456	410	410	356	355	355	279
Float	-	-	-	777	-	-	-	559	-	-	-	752	-	-	-	458	-	-	-	492	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-32.3%	28,151	41,611	34,092	4,654	18,244	26,434	22,245	23,104	18,843	18,867	25,798	32,207	15,001	9,002	13,136	14,046	13,451	14,093	9,453	7,703	8,525
Cashflow From Investing	283.3%	72,659	-39,630	5,087	289,879	-14,638	-34,493	-332,802	-324,956	103,064	-119,585	-122,839	-67,995	-32,308	-18,254	-211,707	3,141	-16,033	-13,425	-12,692	-20,532	49,318
Cashflow From Financing	3441.8%	56,705	1,601	-178,620	-106,357	-22,132	-184,871	-135,285	184,752	140,510	-4,472	46,270	286,491	-23,875	73,863	450,937	100,708	11,456	-6,662	-79,353	102,298	-21,108
Dividend Payments	4.4%	7,350	7,042	6,736	6,422	4,731	4,494	3,627	3,423	3,309	3,102	2,892	2,688	2,526	2,106	2,105	1,852	1,478	1,345	1,347	1,020	728
Buy Backs	-	-	-	-	-	-	-	-	22,180	-	-	-	5,171	8,067	-	-	-	352	435	-	-	-

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FBMS Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
INTEREST INCOME
Interest and fees on loans	$ 294,541	$ 157,768	$ 151,203
Interest and dividends on securities:
Taxable interest and dividends	32,202	29,656	16,685
Tax-exempt interest	11,737	11,017	7,721
Interest on deposits in banks	2,453	1,952	1,136
Total interest income	340,933	200,393	176,745
INTEREST EXPENSE
Interest on deposits	71,359	13,978	12,062
Interest on borrowed funds	20,249	8,599	7,619
Total interest expense	91,608	22,577	19,681
Net interest income	249,325	177,816	157,064
Provision for credit losses, LHFI	13,750	5,350	(1,456)
Provision for credit losses, OBSC exposures	750	255	352
Net interest income after provision for credit losses	234,825	172,211	158,168
NON-INTEREST INCOME
Service charges on deposit accounts	14,175	8,668	7,264
Other service charges and fees	3,177	1,833	1,508
Interchange fees	18,914	12,702	11,562
Secondary market mortgage income	2,866	4,303	8,823
Bank owned life insurance income	3,319	2,101	1,955
BOLI death proceeds	0	1,630	0
Gain (loss) on sale of premises	35	(116)	(264)
Securities (loss) gain	(9,716)	(82)	143
Gain (loss) on sale of other real estate	6	214	(300)
Government awards/grants	6,197	873	1,826
Bargain purchase gain	0	281	1,300
Other	7,732	4,554	3,656
Total non-interest income	46,705	36,961	37,473
NON-INTEREST EXPENSE
Salaries	76,609	57,903	53,371
Employee benefits	16,803	15,174	12,485
Occupancy	17,381	12,854	12,713
Furniture and equipment	3,987	2,981	2,848
Supplies and printing	1,240	967	903
Professional and consulting fees	6,446	3,558	4,035
Marketing and public relations	833	393	615
FDIC and OCC assessments	3,849	2,122	2,074
ATM expense	5,821	3,873	3,623
Bank communications	3,579	1,904	1,754
Data processing	2,771	2,211	1,578
Acquisition expense/charter conversion	9,075	6,410	1,607
Other	36,332	20,133	16,953
Total non-interest expense	184,726	130,483	114,559
Income before income taxes	96,804	78,689	81,082
Income taxes	21,347	15,770	16,915
Net income available to common stockholders, basic	75,457	62,919	64,167
Net income available to common stockholders, diluted	$ 75,457	$ 62,919	$ 64,167
Earnings per share:
Basic earnings per share (in dollars per share)	$ 2.41	$ 2.86	$ 3.05
Diluted earnings per share (in dollars per share)	$ 2.39	$ 2.84	$ 3.03

FBMS Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Cash and due from banks	$ 224,199	$ 67,176
Interest-bearing deposits with banks	130,948	78,139
Total cash and cash equivalents	355,147	145,315
Securities available-for-sale, at fair value (amortized cost: $1,164,227 in 2023; $1,418,337 in 2022; allowance for credit losses: $0 in both 2023 and 2022)	1,042,365	1,257,101
Securities held-to-maturity	654,539	691,484
Other securities	37,754	33,944
Total securities	1,734,658	1,982,529
Loans held for sale	2,914	4,443
Loans, net of ACL of $54,032 in 2023 and $38,917 in 2022	5,116,010	3,735,240
Interest receivable	33,300	27,723
Premises and equipment	174,309	143,518
Operating lease right-of-use assets	6,387	7,620
Finance lease right-of-use assets	1,466	1,930
Cash surrender value of life insurance	134,249	95,571
Goodwill	272,520	180,254
Other real estate owned	8,320	4,832
Other assets	160,065	132,742
Total assets	7,999,345	6,461,717
Deposits:
Non-interest-bearing	1,849,013	1,630,203
Interest-bearing	4,613,859	3,864,201
Total deposits	6,462,872	5,494,404
Interest payable	22,702	3,324
Borrowed funds	390,000	130,100
Subordinated debentures	123,386	145,027
Operating lease liabilities	6,550	7,810
Finance lease liabilities	1,739	1,918
Allowance for credit losses on off-balance sheet credit exposures	2,075	1,325
Other liabilities	40,987	31,146
Total liabilities	7,050,311	5,815,054
Stockholders’ Equity:
Common stock, par value $1 per share: 80,000,000 shares authorized; 32,338,983 shares issued in 2023, 40,000,000 shares authorized, and 25,275,369 shares issued in 2022, respectively	32,339	25,275
Additional paid-in capital	775,232	558,833
Retained earnings	300,150	252,623
Accumulated other comprehensive (loss) income	(117,576)	(148,957)
Treasury stock, at cost (1,249,607 shares - 2023; 1,249,607 shares - 2022)	(41,111)	(41,111)
Total stockholders' equity	949,034	646,663
Total liabilities and stockholders' equity	$ 7,999,345	$ 6,461,717

About First Bancshares Inc-The

The First Bancshares, Inc. operates as the bank holding company for The First Bank that provides general commercial and retail banking services. The company operates through three segments: Commercial/Retail Bank, Mortgage Banking Division, and Holding Company. It offers deposit services, including checking, NOW, and savings accounts; other time deposits, such as daily money market accounts and longer-term certificates of deposit; and individual retirement and health savings accounts. The company also provides commercial loans comprising secured and unsecured loans for working capital, business expansion, and purchase of equipment and machinery; consumer loans consisting of equity lines of credit, as well as secured and unsecured loans for financing automobiles, home improvements, education, and personal investments; and real estate construction and acquisition loans. In addition, it originates loans to purchase existing residential homes or construct new homes, and to refinance existing mortgages; and provides financial and wealth management services. Further, the company offers internet banking services, automated teller machines, voice response telephone inquiry services, commercial sweep accounts, cash management services, safe deposit boxes, merchant, mobile deposit, direct deposit of payroll and social security checks, automatic drafts for various accounts, and credit card services. It primarily serves small to medium-sized businesses, professional concerns, individuals, associations, organizations, and governmental authorities. The company operates in Mississippi, Alabama, Florida, Georgia, and Louisiana. The First Bancshares, Inc. was incorporated in 1995 and is headquartered in Hattiesburg, Mississippi.

CEO	Mr. Milton Ray Cole Jr.
WEBSITE	thefirstbank.com
INDUSTRY	Banks Diversified
EMPLOYEES	870

First Bancshares Inc-The Frequently Asked Questions

What is the ticker symbol for First Bancshares Inc-The? What does FBMS stand for in stocks?

FBMS is the stock ticker symbol of First Bancshares Inc-The. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of First Bancshares Inc-The (FBMS)?

As of Mon Apr 29 2024, market cap of First Bancshares Inc-The is 753.53 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of FBMS stock?

You can check FBMS's fair value in chart for subscribers.

What is the fair value of FBMS stock?

You can check FBMS's fair value in chart for subscribers. The fair value of First Bancshares Inc-The is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of First Bancshares Inc-The is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for FBMS so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is First Bancshares Inc-The a good stock to buy?

The fair value guage provides a quick view whether FBMS is over valued or under valued. Whether First Bancshares Inc-The is cheap or expensive depends on the assumptions which impact First Bancshares Inc-The's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for FBMS.

What is First Bancshares Inc-The's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon Apr 29 2024, FBMS's PE ratio (Price to Earnings) is 9.99 and Price to Sales (PS) ratio is 2.21. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. FBMS PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on First Bancshares Inc-The's stock?

In the past 10 years, First Bancshares Inc-The has provided 0.064 (multiply by 100 for percentage) rate of return.