First Bancshares Is Aggressively Building Its Footprint, But Organic Loan Growth Is Lacking [Seeking Alpha]
The First Bancshares, Inc. (FBMS)
Last the first bancshares, inc. earnings: 4/29 08:45 pm
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US:NASDAQ Investor Relations:
thefirstbank.com/investor-relations.htm
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Source: Seeking Alpha
It’s been a while since I’ve written about First Bancshares FBMS meantime I believe that when investors start shifting more from defense (who will suffer the least during this period of spread headwinds and tough loan growth) to offense, First Bancshares will get more of its due, but I won’t underplay the need for improvement in organic loan generation. Although I think the fair value range extends close to $40, the shares may wait on signs of better internal execution. Another Lackluster Quarter Won’t Help First Bancshares didn’t have a bad fourth quarter, but the results weren’t strong enough to shift sentiment meaningfully. Revenue narrowly beat expectations, but expenses ran high, pre-provision profits missed, and loans came in lower than expected. Revenue rose 33% yoy, boosted by the company’s multiple recent acquisitions, and 8% qoq, again beating expectations by a small margin. Net interest income rose a similar 33% yoy and 10% qoq, with net interest margin falling 2bp yoy and
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News
- The First Bancshares (FBMS) Surpasses Q1 Earnings and Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- The First Bancshares, Inc. Reports Results for First Quarter ended March 31, 2024Business Wire
- The First Bancshares, Inc. Announces 2024 First Quarter Call InformationBusiness Wire
- The First Bancshares, Inc. (NASDAQ: FBMS) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- The First Bancshares, Inc. (NASDAQ: FBMS) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
FBMS
Earnings
- 4/24/24 - Beat
FBMS
Analyst Actions
- 2/29/24 - TheStreet
FBMS
Sec Filings
- 4/25/24 - Form 8-K
- 4/24/24 - Form SCHEDULE
- 4/10/24 - Form DEFA14A
- FBMS's page on the SEC website