First Bancshares, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 17, 2023 at 09:06 am EDT
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First Bancshares, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 5.47 million compared to USD 4.35 million a year ago. Net income was USD 1.74 million compared to USD 1.4 million a year ago. Basic earnings per share from continuing operations was USD 0.71 compared to USD 0.57 a year ago. Diluted earnings per share from continuing operations was USD 0.71 compared to USD 0.57 a year ago.
For the six months, net interest income was USD 10.39 million compared to USD 8.19 million a year ago. Net income was USD 3.52 million compared to USD 2.42 million a year ago. Basic earnings per share from continuing operations was USD 1.44 compared to USD 0.99 a year ago. Diluted earnings per share from continuing operations was USD 1.44 compared to USD 0.99 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.