Financial Data December 2025
Financial Information YTD through December 31, 2025
FIRST BANCSHARES, INC.
Unaudited Financial Information
Condensed Statement of Operations
Year Ended December 31, 2025 Year Ended December 31, 2024
- Loan Interest Income $11,161,536 $11,384,114
- Investment Portfolio Interest Income $2,660,828 $2,119397
- Fed Funds Sold Interest Income $1,312,291 $692,638
- Gain (Loss) on Sale of Securities ($9,482,404) 0
- Interest and Securities Income (Loss) $5,652,252 $14,196,149
- Interest Expense ($5,404,762) ($5,490,710)
- Net Interest and Securities Income (Loss) $247,489 $8,705,440
- Provision for Loan Losses ($350,000) 0
- Net Interest Income (Loss) after Provision ($102,511) $8,705,440
- Non-Interest Income $1,154,148 $1,231,153
- Non-Interest Expense ($9,156,775) ($8,437,049)
- Income (Loss) before Federal Income Tax ($8,105,138) $1,449,543
- Federal Income Tax (Expense) Recovery $1,924,934 ($183,922)
- Net Income (Loss) ($6,180,204) $1,315,621
Per Share Data
- Net Income (Loss) (Annualized) ($11.33) $2.42
- Cash Dividends (Annualized) $1.32 $1.32
- Book Value (Period End) $39.81 $31.51
Financial Ratios
- Return on Average Assets (Annualized) -1.79% 0.44%
- Return on Average Equity (Annualized) -21.45% 7.70%
- Net Interest Margin (Annualized) 3.50% 3.46%
- Loans to Deposits (Period End) 61.59% 66.66%
- Allowance for Loan Losses to Total Loans (Period End) 1.49% 1.28%
Period End Balances
- Assets $309,400,972 $290,490,574
- Loans $171,404,108 $176,401,703
- Deposits $278,159,494 $264,295,158
- Stockholder’s Equity $21,372,226 $17,148,805
- Common Shares Outstanding $545,509 $544,219
- Preferred Shares Outstanding 0 0
Supplemental Detail
Core Operations Without Security Loss
Year Ended Dec. 31, 2025 Variance from Actual Dec. 31,2025 Variance from Actual Dec. 31, 2024
- Loan Interest Income $11,161,536 – ($222,578)
- Investment Portfolio Interest Income $2,660,828 0 $541,431
- Fed Funds Sold Interest Income $1,312,291 0 $619,653
- Gain (Loss) on Sale of Securities 0 $9,482,404 0
- Interest and Securities Income (Loss) $15,134,656 $9,482,404 $938,506
- Interest Expense ($5,404,762) 0 $85,947
- Net Interest and Securities Income (Loss) $9,729,893 $9,482,404 $1,024,454
- Provision for Loan Losses (350,000) 0 (350,000)
- Net Interest Income (Loss) after Provision $9,379,893 $9,482,404 $674,454
- Non-Interest Income $1,154,148 0 ($77,005)
- Non-Interest Expense ($9,156,775) 0 ($719,726)
- Income (Loss) before Federal Income Tax $1,377,266 $9,482,404 ($122,277)
- Federal Income Tax ($156,320) ($2,081,254) $27,602
- Net Income (Loss) $1,220946 $7,401,150 ($94,675)
Per Share Data
- Net Income (Loss) (Annualized) $2.24 $13.57 ($0.18)
- Cash Dividends (Annualized) $1.32 – –
- Book Value (Period End) $36.90 ($2.28) $5.39
Financial Ratios
- Return on Average Assets (Annualized) 0.39% 2.18% -0.04%
- Return on Average Equity (Annualized) 5.91% 27.36% -1.78%
- Net Interest Margin (Annualized) 3.50% 0.00% 0.04%
- Loans to Deposits (Period End) 61.59% 0.00% -5.07%
- Allowance for Loan Losses to Total Loans (Period End) 1.49% 0.00% 0.21%
Period End Balances
- Assets $299,918,568 ($9,482,404) $9,427,994
- Loans $171,404,108 – ($4,997,595)
- Deposits $278,159,494 – $13,864,336
- Stockholder’s Equity $20,131,002 ($1,241,224) $2,982,197
- Common Shares Outstanding $545,509 0 $1,290
- Preferred Shares Outstanding 0 0 0