Home » NEWS » Banking & Finance » First Bancshares income rises for quarter

First Bancshares income rises for quarter

MBJ staff

The First Bancshares Inc., holding company for The First, reported on Monday net income of $12.3 million for the quarter ending Sept. 30, an increase of $7.1 million, or 137.7 percent, compared with $5.2 million for the year-ago quarter.

Earnings per share were 71 cents, compared with 39 cents a year earlier. Excluding the impact of the merger-related costs, operating earnings per share for the third quarter of 2019 were 74 cents compared with 61 cents for the third quarter of 2018.

The First Bancshares, headquartered in Hattiesburg, has operations in Mississippi, Louisiana, Alabama, Florida and Georgia.

On July 22, the company announced the signing of an agreement to acquire First Florida Bancorp Inc. parent company of First Florida Bank, headquartered in Destin, Fla.

Shares of FirstBancshares common stock on the NasdaqGM market rose 13 cents to close at $32.25 on Monday. The 52-week ranges of the stock is $27.85 to $39.02.


… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Jack Weatherly