The First Bancshares, Inc. (Mississippi)

The First Bancshares, Inc. (Mississippi)

The First Bancshares, Inc. (Mississippi)

Overview
Date Founded

1996

Headquarters

6480 U.S. Highway 98 West, Suite A, Hattiesburg, MS, 39402, USA

Type of Company

Public

Employees (Worldwide)

315

Industries

Retail & Commercial Banking
Holding Companies

Company Description

First Bancshares, Inc. (Mississippi) operates as a bank holding company. It provides banking services such as personal and business which include checking, savings, and loans, cards, and others. It operates through the following segments: Commercial/Retail Bank, Mortgage Banking, and Holding Company. The Commercial/Retail Bank segment provides a full range of commercial banking services to corporations and other business customers. Loans are provided for a variety of general corporate purposes, including financing for commercial and industrial projects, income producing commercial real estate, owner-occupied real estate and construction and land development. The Mortgage Banking segment provides residential mortgage banking services, including construction financing, for conventional and government insured home loans to be sold in the secondary market. The company was founded in 1996 and is headquartered in Hattiesburg, MS.

Executives & Employees

President, Chief Executive Officer & Vice Chairman

Executive Vice President & Chief Financial Officer

President-Southern Region

President-Northern Region

Chief Operating Officer & Executive Vice President

Secretary

Board of Directors

President at Laurel Jones County Council on Aging, Inc.

Former President at The Mississippi Orthopaedic Society

Former Licensed Commodity Floor Broker at Chicago Mercantile Exchange

President at University of Southern Mississippi

Director at The First Bancshares, Inc. (Mississippi)

President at Hattiesburg Board of Realtors

President & Owner at Molloy-Seidenburg & Co. PA

Director at The First Bancshares, Inc. (Mississippi)

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The First Bancshares, Inc. (Mississippi)
Owners & Shareholders
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ICM offers value investment solutions across the US equity market capitalization spectrum. In doing so, the firm utilizes two distinct investment processes – Small-Cap, SMID-Cap & Mid-Cap Value and Large-Cap/All-Cap Value. Both approaches employ a value-oriented investment method with a focus on fundamental analysis. ICM attempts to measure the value of a security by looking at economic and financial factors including the overall economy, industry conditions, and the financial condition and management of the company itself, to determine if the company is underpriced or overpriced.

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Stieven Capital Advisors aims to achieve superior total returns with lower price volatility than the broad equity market. Investments are concentrated in US financial institutions, primarily bank holding companies, financial holding companies, thrift holding companies and institutions, finance real estate investment trusts (REITs) and other financial-related companies. The firm primarily seeks long positions in the securities of companies with solid management teams and healthy long-term earnings growth potential. They also seek positions in the undervalued securities of turnaround situations, young and start-up companies, and companies having limited analyst coverage.

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TBFC primarily invest their funds in US-based, sub-regional small financial service companies. This may include insurance companies, securities brokerage companies, leasing, and finance companies. Over 90% of the funds’ invested capital goes to depository companies.

Recent Transactions
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The First Bancshares, Inc. (Mississippi) purchases Southwest Georgia Financial Corp.

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The First Bancshares, Inc. (Mississippi) purchases First Florida Bancorp, Inc.

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The First Bancshares, Inc. (Mississippi) purchases FPB Financial Corp.

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onThe First Bancshares, Inc. (Mississippi) purchases First Florida Bancorp, Inc.

Underwriter

Advised onThe First Bancshares, Inc. (Mississippi) issued USD Common Stock

Legal Advisor

Advised onThe First Bancshares, Inc. (Mississippi) purchases Iberville Bank from A. Wilbert's Sons Lumber & Shingle Co.

Legal Advisor

Advised onThe First Bancshares, Inc. (Mississippi) purchases First Florida Bancorp, Inc.

Investment Advisor

Advised onThe First Bancshares, Inc. (Mississippi) purchases Southwest Banc Shares, Inc. (Alabama)

Associate

Advised onThe First Bancshares, Inc. (Mississippi) purchases First Florida Bancorp, Inc.

Key Stats and Financials As of 2020
Market Capitalization
$679M
Total Enterprise Value
$349M
Earnings Per Share
$2.52
Revenue
$221M
Net Profit
$52.5M
Total Debt
$259M
Total Equity
$645M
Enterprise Value / Sales
1.58x
TEVNet Income
6.64x
Debt TEV
0.74x
Three Year Compounded Annual Growth Rate Of Revenue
40.1%
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