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The First sees earnings increase, declares dividend

face-of-banking_webHATTIESBURG — The First Bancshares Inc. (NASDAQ: FBMS), holding company for The First, A National Banking Association, has reported earnings for the first quarter ended March 31.

Net income available to common stockholders for the three months ended March 31 amounted to $1,321,000, or $0.25 per diluted share, compared to $1,119,000, or $0.35 per diluted share for the same quarter in 2013, an increase of $202,000, or 18.1 percent, in net income available to common stockholders with a decrease of $0.10 per diluted share due to an increase in average common shares outstanding associated with the capital raise in 2013.

The First Bancshares also announced a quarterly dividend of $.0375 per common share. The record date will be May 6, 2014 with a payable date of May 20, 2014.

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