---
schema_version: "secwatch.filing_event.v1"
accession: "0000947559-24-000018"
form_type: "8-K"
ticker: null
cik: "0000947559"
company_name: "FIRST BANCSHARES INC /MS/"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T09:07:25.552638+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000947559-24-000018
- form_type: 8-K
- cik: 0000947559
- company_name: FIRST BANCSHARES INC /MS/
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/947559/000094755924000018/0000947559-24-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/947559/000094755924000018/fbms-20240424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000947559-24-000018
- JSON: https://secwatch.observer/filing/0000947559-24-000018.json
- Plain text: https://secwatch.observer/filing/0000947559-24-000018.txt

## Key facts
- Earnings Releases
  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
  source text: The First Bancshares, Inc. issued a press release announcing its results of operations for the first quarter of 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/947559/000094755924000018/0000947559-24-000018-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.