First Bancshares, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023
April 14, 2023 at 05:29 pm EDT
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First Bancshares, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported net interest income was USD 4.91 million compared to USD 3.84 million a year ago. Net income was USD 1.79 million compared to USD 1.02 million a year ago.
Basic earnings per share from continuing operations was USD 0.73 compared to USD 0.42 a year ago. Diluted earnings per share from continuing operations was USD 0.73 compared to USD 0.42 a year ago.
First Bancshares, Inc. is a holding company for Stockmens Bank (the Bank). The Bank provides its customers with a range of community banking services. The Bank is engaged in the business of attracting deposits from, and making loans to, the general public, including individuals and businesses. It originates real estate loans, including one-to-four family residential mortgage loans, multi-family residential loans, commercial real estate loans, agricultural real estate loans and home equity loans and non-real estate loans, including commercial business, agricultural business and consumer loans. It also invests in mortgage-back securities, United States Government and agency securities and other assets. It conducts its business from its home office in Colorado Springs, Colorado, and eight full-service Missouri offices in Mountain Grove, Marshfield, Ava, Kissee, Mills, Gainesville, Crane, Hartville and Springfield, and full-service offices in Bartley, Nebraska and Akron, Colorado.