The First’s earnings rise

HATTIESBURG — The First Bancshares Inc., holding company for The First, A National Banking Association, reports net income available to common shareholders for the three months ended Sept. 30, 2009 amounted to $693,000 or $0.23 per diluted share, compared to $335,000 or $0.11 per diluted share for the same quarter in 2008.

Hoppy Cole, CEO of The First, said, “We are pleased to report an improvement in our third quarter earnings. Positive loan growth, improvement in our net interest margin, and a reduction in our operating expenses are the result of focused efforts by our employees to improve the bank’s performance in a challenging economic environment.”

Other quarterly highlights include:

• total assets increased to $485.889 million

• total loans increased to $321.402 million

• net interest margin increased to 3.59 percent from 3.54 percent at June 30, 2009

• total borrowed funds decreased 9.6% to $32.063 million

Close this Window Bookmark and Share This Page

Save to Browser Favorites / Bookmarks

Print RSS Feed Ask backflip blinklist BlogBookmark Bloglines BlogMarks Blogsvine BuddyMarks BUMPzee! CiteULike co.mments

Connotea del.icio.us Digg diigo DotNetKicks DropJack dzone Facebook Fark Faves Feed Me Links Friendsite folkd.com

Furl Google Hugg Jeqq Kaboodle kirtsy linkaGoGo linkedin LinksMarker Ma.gnolia Mister Wong Mixx MySpace

MyWeb Netvouz Newsvine oneview OnlyWire PlugIM Propeller Reddit Rojo Segnalo Shoutwire Simpy Slashdot

Sphere Sphinn Spurl Squidoo StumbleUpon Technorati ThisNext Tumblr Twitter Webride Windows Live Yahoo!

Email This to a Friend

Copy HTML: 

 If you like this then please subscribe to the RSS Feed.

More »