secwatch.observer — SEC 8-K summary
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Issuer:     FIRST BANCSHARES INC /MS/ (—)
CIK:        0000947559
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0000947559-24-000018
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/947559/000094755924000018/0000947559-24-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/947559/000094755924000018/fbms-20240424.htm
  HTML page:      https://secwatch.observer/filing/0000947559-24-000018

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