Financial Data October 2025
Financial Information YTD through September 30, 2025
FIRST BANCSHARES, INC.
Unaudited Financial Information
Condensed Statement of Operations
9 Months Ended September 30, 2025 9 Months Ended September 30, 2024
- Loan Interest Income $8,422,637 $8,583,314
- Investment Portfolio Interest Income $1,694,811 $1,601,048
- Fed Funds Sold Interest Income $954,381 $519,662
- Gain (Loss) on Sale of Securities ($9,482,404) 0
- Interest and Securities Income (Loss) $1,589,425 $10,704,024
- Interest Expense ($4,035,661) ($4,276,256)
- Net Interest and Securities Income (Loss) ($2,446,236) $6,427,768
- Provision for Loan Losses 0 0
- Net Interest Income (Loss) after Provision ($2,446,236) $6,427,768
- Non-Interest Income $865,010 $987,712
- Non-Interest Expense ($6,887,180) ($6,301,256)
- Income (Loss) before Federal Income Tax ($8,468,406) $1,114,224
- Federal Income Tax $1,798,609 ($126,517)
- Net Income (Loss) ($6,669,797) $987,707
Per Share Data
- Net Income (Loss) (Annualized) ($16.28) $2.42
- Cash Dividends (Annualized) $1.32 $1.32
- Book Value (Period End) $36.93 $36.34
Financial Ratios
- Return on Average Assets (Annualized) -2.86% 0.43%
- Return on Average Equity (Annualized) -48.31% 7.79%
- Net Interest Margin (Annualized) 3.42% 3.46%
- Loans to Deposits (Period End) 58.96% 64.85%
- Allowance for Loan Losses to Total Loans (Period End) 1.25% 1.27%
Period End Balances
- Assets $328,655,467 $303,484,669
- Loans $175,930,514 $177,974,617
- Deposits $298,308,910 $274,182,797
- Stockholder’s Equity $20,177,753 $19,774,632
- Common Shares Outstanding $546,309 $544,219
- Preferred Shares Outstanding 0 0
Supplemental Detail
Core Operations Without Security Loss
9 Months Ended Sept. 30, 2025 Variance from Actual Sept. 30,2025 6 Months Ended June 30, 2024
- Loan Interest Income $8,422,637 – ($160,677)
- Investment Portfolio Interest Income $1,694,811 0 $93,763
- Fed Funds Sold Interest Income $954,381 0 $434,719
- Gain (Loss) on Sale of Securities 0 $9,482,404 0
- Interest and Securities Income (Loss) $11,071,829 $9,482,404 $367,805
- Interest Expense ($4,035,661) 0 $240,595
- Net Interest and Securities Income (Loss) $7,036,168 $9,482,404 $608,400
- Provision for Loan Losses 0 0 0
- Net Interest Income (Loss) after Provision $7,036,168 $9,482,404 $608,400
- Non-Interest Income $865,010 0 ($122,702)
- Non-Interest Expense ($6,887,180) 0 ($585,924)
- Income (Loss) before Federal Income Tax $1,013,998 $9,482,404 ($100,226)
- Federal Income Tax ($115,089) ($1,913,698) $11,428
- Net Income (Loss) $898,909 $7,568,706 ($88,798)
Per Share Data
- Net Income (Loss) (Annualized) $2.19 $18.47 ($0.23)
- Cash Dividends (Annualized) $1.32 – $0.01
- Book Value (Period End) $35.02 ($1.91) ($1.31)
Financial Ratios
- Return on Average Assets (Annualized) 0.43% 3.30% 0.00%
- Return on Average Equity (Annualized) 6.51% 54.83% -1.28%
- Net Interest Margin (Annualized) 3.42% 0.00% -0.04%
- Loans to Deposits (Period End) 58.96% 0.00% -5.89%
- Allowance for Loan Losses to Total Loans (Period End) 1.25% 0.00% -0.02%
Period End Balances
- Assets $319,173,063 ($9,482,404) $15,688,394
- Loans $175,930,514 – ($2,044,103)
- Deposits $298,308,910 – $24,126,113
- Stockholder’s Equity $19,134,273 ($1,043,480) ($640,359)
- Common Shares Outstanding $546,309 0 $2,090
- Preferred Shares Outstanding 0 0 0