First Bancshares Inc /Ms/ - Understand $fbms stock

$FBMS Market Cap: $1.164 Billion

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Financial Snapshot

Revenue

$365.0M

TTM

Gross Margin

Net Earnings

$69.94M

TTM

Current Assets

Current Liabilities

$19.85M

Q3 2024

Current Ratio

Total Assets

$7.966B

Q3 2024

Total Liabilities

$6.955B

Q3 2024

Book Value

$1.012B

Q3 2024

Cash

$214.1M

Q3 2024

P/E

16.64

Nov 29, 2024 EST

Free Cash Flow

$92.72M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Revenue	$340.9M	$200.4M	$176.7M	$179.3M	$148.5M	$99.98M	$66.07M	$44.60M	$40.20M	$36.37M	$31.32M	$26.33M
YoY Change	70.13%	13.38%	-1.45%	20.75%	48.56%	51.32%	48.12%	10.95%	10.53%	16.13%	18.94%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue	$340.9M	$200.4M	$176.7M	$179.3M	$148.5M	$99.98M	$66.07M	$44.60M	$40.20M	$36.37M	$31.32M	$26.33M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$7.400M	$5.700M	$5.400M	$4.900M	$3.800M	$2.600M	$2.000M	$1.700M	$1.645M	$1.552M	$1.380M	$1.196M	$1.160M	$870.0K	$970.0K	$1.060M	$980.0K	$680.0K	$630.0K	$660.0K	$670.0K	$570.0K	$460.0K
YoY Change	29.82%	5.56%	10.2%	28.95%	46.15%	30.0%	17.65%	3.34%	5.98%	12.51%	15.38%	3.09%	33.33%	-10.31%	-8.49%	8.16%	44.12%	7.94%	-4.55%	-1.49%	17.54%	23.91%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Interest Expense	$91.61M	$22.58M	$19.68M	$26.66M	$26.72M	$15.09M	$6.909M	$4.315M	$3.207M	$2.973M	$2.917M	$4.137M
YoY Change	305.76%	14.71%	-26.19%	-0.22%	77.08%	118.43%	60.12%	34.53%	7.89%	1.9%	-29.48%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Pretax Income	$96.80M	$78.69M	$81.08M	$63.07M	$56.45M	$27.02M	$17.57M	$14.05M	$12.01M	$9.050M	$6.243M	$5.126M	$3.300M	$3.400M	$2.300M	$2.500M	$5.300M	$4.700M	$2.800M	$1.900M	$1.500M	$1.300M	$900.0K
YoY Change	23.02%	-2.95%	28.56%	11.73%	108.93%	53.76%	25.07%	16.96%	32.73%	44.95%	21.79%	55.34%	-2.94%	47.83%	-8.0%	-52.83%	12.77%	67.86%	47.37%	26.67%	15.38%	44.44%
Income Tax	$21.35M	$15.77M	$16.92M	$10.56M	$12.70M	$5.792M	$6.955M	$3.930M	$3.213M	$2.436M	$1.604M	$1.077M	$500.0K	$900.0K	$500.0K	$700.0K	$1.500M	$1.400M	$900.0K	$600.0K	$500.0K	$400.0K	$200.0K
% Of Pretax Income	22.05%	20.04%	20.86%	16.75%	22.5%	21.44%	39.58%	27.97%	26.75%	26.92%	25.69%	21.02%	15.15%	26.47%	21.74%	28.0%	28.3%	29.79%	32.14%	31.58%	33.33%	30.77%	22.22%
Net Earnings	$75.46M	$62.92M	$64.17M	$52.51M	$43.75M	$21.23M	$10.62M	$10.12M	$8.799M	$6.614M	$4.639M	$4.049M	$2.900M	$2.500M	$1.700M	$1.800M	$3.800M	$3.300M	$1.900M	$1.200M	$1.000M	$900.0K	$700.0K
YoY Change	19.93%	-1.94%	22.21%	20.03%	106.1%	99.93%	4.91%	15.01%	33.04%	42.55%	14.59%	39.61%	16.0%	47.06%	-5.56%	-52.63%	15.15%	73.68%	58.33%	20.0%	11.11%	28.57%
Net Earnings / Revenue	22.13%	31.4%	36.3%	29.28%	29.45%	21.23%	16.07%	22.69%	21.89%	18.18%	14.81%	15.38%
Basic Earnings Per Share	$2.41	$2.86	$3.05	$2.53	$2.57	$1.63	$1.12	$1.86	$1.64	$1.27	$1.07	$1.31
Diluted Earnings Per Share	$2.39	$2.840M	$3.03	$2.52	$2.55	$1.62	$1.11	$1.64	$1.62	$1.25	$1.06	$1.29	$935.5K	$833.3K	$566.7K	$600.0K	$1.226M	$1.269M	$760.0K	$500.0K	$416.7K	$375.0K	$291.7K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$182.2M	$153.1M	$132.4M	$123.5M	$105.0M	$74.80M	$46.40M	$34.60M	$33.60M	$34.80M	$32.10M	$22.20M	$23.00M	$15.00M	$14.30M	$15.30M	$15.60M	$10.00M	$8.300M	$8.700M	$8.400M	$8.000M	$7.600M
YoY Change	19.01%	15.61%	7.21%	17.62%	40.37%	61.21%	34.1%	2.98%	-3.45%	8.41%	44.59%	-3.48%	53.33%	4.9%	-6.54%	-1.92%	56.0%	20.48%	-4.6%	3.57%	5.0%	5.26%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$64.16M				-$2.900M	$2.800M	$4.300M	$5.300M	$4.100M	$4.000M	$3.500M	$300.0K
YoY Change					-203.57%	-34.88%	-18.87%	29.27%	2.5%	14.29%	1066.67%
Total Long-Term Assets
YoY Change
Total Assets	$7.999B	$6.462B	$6.077B	$5.153B	$3.942B	$3.004B	$1.813B	$1.277B	$1.145B	$1.094B	$940.9M	$721.4M	$681.4M	$503.0M	$477.6M	$474.8M	$496.1M	$417.8M	$294.4M	$212.4M	$164.9M	$157.4M	$135.6M
YoY Change
Accounts Payable	$22.70M	$3.324M	$1.700M	$2.100M	$2.500M	$1.500M	$400.0K	$300.0K	$200.0K	$300.0K	$400.0K	$200.0K	$300.0K	$400.0K	$700.0K	$800.0K	$1.300M	$1.000M	$500.0K	$200.0K	$200.0K	$200.0K	$400.0K
YoY Change	582.97%	95.53%	-19.05%	-16.0%	66.67%	275.0%	33.33%	50.0%	-33.33%	-25.0%	100.0%	-33.33%	-25.0%	-42.86%	-12.5%	-38.46%	30.0%	100.0%	150.0%	0.0%	0.0%	-50.0%
Accrued Expenses	$6.550M	$7.810M	$4.200M	$6.000M	$6.500M
YoY Change	-16.13%	85.95%	-30.0%	-7.69%
Deferred Revenue
YoY Change
Short-Term Debt				$0.00	$2.700M		$0.00					$5.000M			$15.00M	$15.00M	$27.90M	$0.00		$0.00	$2.100M	$500.0K	$0.00
YoY Change				-100.0%											0.0%	-46.24%				-100.0%	320.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$29.25M	$11.13M	$5.900M	$8.100M	$9.000M	$1.500M	$400.0K	$300.0K	$200.0K	$300.0K	$400.0K	$200.0K	$300.0K	$400.0K	$700.0K	$800.0K	$1.300M	$1.000M	$500.0K	$200.0K	$200.0K	$200.0K	$400.0K
YoY Change	162.73%	88.71%	-27.16%	-10.0%	500.0%	275.0%	33.33%	50.0%	-33.33%	-25.0%	100.0%	-33.33%	-25.0%	-42.86%	-12.5%	-38.46%	30.0%	100.0%	150.0%	0.0%	0.0%	-50.0%
Long-Term Debt	$123.4M	$145.0M	$146.8M	$150.4M	$82.70M	$81.10M	$10.30M	$10.30M	$10.30M	$10.30M	$10.30M	$10.30M	$10.30M	$10.30M	$10.30M	$10.30M	$10.30M	$11.30M	$7.200M	$7.200M	$7.200M	$7.000M	$0.00
YoY Change	-14.92%	-1.21%	-2.39%	81.86%	1.97%	687.38%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-8.85%	56.94%	0.0%	0.0%	2.86%
Other Long-Term Liabilities	$74.05M	$45.52M	$17.60M	$14.60M	$17.70M	$15.20M	$5.500M	$4.000M	$4.100M	$4.700M	$13.10M	$11.60M	$9.900M	$8.600M	$7.200M	$3.000M	$1.200M	$500.0K	$800.0K	$800.0K	$500.0K	$500.0K	$400.0K
YoY Change	62.67%	158.65%	20.55%	-17.51%	16.45%	176.36%	37.5%	-2.44%	-12.77%	-64.12%	12.93%	17.17%	15.12%	19.44%	140.0%	150.0%	140.0%	-37.5%	0.0%	60.0%	0.0%	25.0%
Total Long-Term Liabilities	$197.4M	$190.6M	$164.4M	$165.0M	$100.4M	$96.30M	$15.80M	$14.30M	$14.40M	$15.00M	$23.40M	$21.90M	$20.20M	$18.90M	$17.50M	$13.30M	$11.50M	$11.80M	$8.000M	$8.000M	$7.700M	$7.500M	$400.0K
YoY Change	3.62%	15.91%	-0.36%	64.34%	4.26%	509.49%	10.49%	-0.69%	-4.0%	-35.9%	6.85%	8.42%	6.88%	8.0%	31.58%	15.65%	-2.54%	47.5%	0.0%	3.9%	2.67%	1775.0%
Total Liabilities	$7.050B	$5.815B	$5.401B	$4.508B	$3.398B	$2.641B	$1.591B	$1.123B	$1.042B	$997.6M	$855.8M	$655.5M	$621.0M	$445.9M	$433.9M	$438.3M	$459.8M	$385.4M	$275.9M	$195.7M	$149.3M	$142.5M	$121.6M
YoY Change	21.24%	7.66%	19.82%	32.66%	28.69%	66.0%	41.68%	7.79%	4.42%	16.57%	30.56%	5.56%	39.27%	2.77%	-1.0%	-4.68%	19.3%	39.69%	40.98%	31.08%	4.77%	17.19%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Basic Shares Outstanding	31.37M shares	22.02M shares	21.02B	20.72B	17.05B	12.99B	9.484K	5.435K	5.371M shares	5.228M shares	4.319M shares	3.101M shares
Diluted Shares Outstanding	31.57M shares	22.17M shares	21.17B	20.82B	17.18B	13.09B	9.561K	6.259K	5.442M shares	5.271M shares	4.373M shares	3.125M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.1637 Billion

About FIRST BANCSHARES INC /MS/

First Bancshares, Inc. is a bank holding company, which engages in banking services such as personal and business, which include checking, savings, and loans, cards, and others. The company is headquartered in Hattiesburg, Mississippi and currently employs 1,078 full-time employees. The company went IPO on 2003-01-02. The firm is a community-focused financial institution that offers a full range of financial services to individuals, businesses, municipal entities and nonprofit organizations in the communities that it serves. These services include consumer and commercial loans, deposit accounts and safe deposit services. The company offers a full range of deposit services that are available in banks and savings institutions, including checking accounts, NOW accounts, savings accounts, and other time deposits of various types, ranging from daily money market accounts to longer-term certificates of deposit. The company offers a full range of commercial and personal loans. Commercial loans include both secured and unsecured loans for working capital, business expansion, purchase of equipment and machinery, and others. Its segments include the Commercial/Retail Bank, the Mortgage Banking Division, and the Holding Company.

Industry: National Commercial Banks Peers: Amalgamated Financial Corp. Bank First Corp Stellar Bancorp, Inc. COMMUNITY TRUST BANCORP INC /KY/ FARMERS & MERCHANTS BANCORP GREAT SOUTHERN BANCORP, INC. HANMI FINANCIAL CORP Metropolitan Bank Holding Corp. PNC FINANCIAL SERVICES GROUP, INC. UNIVEST FINANCIAL Corp