FBMS Q1 2024 net income $20.6M, EPS $0.65; deposits up 3.8%; declares $0.25 dividend

FIRST BANCSHARES INC /MS/

2024-Q1 EPS reported $0.65

Net income available to common shareholders $20.6M (diluted EPS $0.65), up 86.7% from $11.0M ($0.35) in Q4 2023.
Operating (non-GAAP) net income $20.6M, +10.1% sequentially; operating EPS $0.65 vs $0.59.
Total deposits grew $247.5M (3.8%) to $6.710B; loans decreased $30.1M (0.6%) to $5.140B.
Net interest margin 3.20% (core NIM 3.10%); cost of deposits rose to 178 bps from 154 bps in Q4.
Quarterly cash dividend of $0.25 per share declared, payable May 23, 2024 to holders of record May 7, 2024.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FIRST BANCSHARES INC /MS/ reported first quarter ended March 31, 2024 results: net income Net income available to common shareholders totaled $20.6 million for the quarter ended March 31, 2024, EPS diluted earnings per share were $0.65.

Period: first quarter ended March 31, 2024
Net income: Net income available to common shareholders totaled $20.6 million for the quarter ended March 31, 2024
EPS: diluted earnings per share were $0.65
Result: reported results

Exact text from the filing

The First Bancshares, Inc. issued a press release announcing its results of operations for the first quarter of 2024.

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Source: SEC EDGAR

accession 0000947559-24-000018

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