First Bancshares, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
January 31, 2020 at 04:05 pm EST
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First Bancshares, Inc. announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced net interest income was USD 3.350 million compared to USD 3.102 million a year ago. Net income was USD 815,000 compared to USD 750,000 a year ago. Basic earnings per share was USD 0.32 compared to USD 0.29 a year ago. For the full year, net interest income was USD 13.481 million compared to USD 12.362 million a year ago. Net income was USD 3.574 million compared to USD 2.983 million a year ago. Basic earnings per share was USD 1.41 compared to USD 1.17 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.
FIRST BANCSHARES, INC. 
