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)

423

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

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

President at University of Southern Mississippi

President & Chief Executive Officer at The First Bancshares, Inc. (Mississippi)

President & Owner at Molloy-Seidenburg & Co. PA

Former President at Hattiesburg Board of Realtors

Former Licensed Commodity Floor Broker at Chicago Mercantile Exchange

Director at The First Bancshares, Inc. (Mississippi)

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Owners & Shareholders
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KCM offers separately-managed micro-cap, small-cap value, small-cap core, small-cap growth, mid-cap value and mid-cap growth products for institutional investors. The firm also offers a small-cap core tax-sensitive strategy for high net-worth individual investors and family offices and a small-cap socially responsible investment strategy. KCM's investment approach is based on the idea that delays in the timely delivery and use of key company information, such as earnings estimates and restructurings, can lead to the inefficient pricing of stocks. They use a detail-oriented, bottom-up proprietary research process driven by a team of more than a dozen sector-specific analysts. Portfolios are actively managed. KCM does not attempt to time the markets and they seek to minimize risk through diversification.

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Mendon Capital Advisors Corp.'s investment strategies focus on the financial services sector. The firm believes that abnormal absolute returns can be earned in the financial services sector due to ongoing industry consolidation, which they believe can be expected to continue for many years. In addition, Mendon believes that the financial services sector provides investment opportunities in almost all types of interest rate, credit quality and other macroeconomic environments. The firm generally focuses more on smaller-cap companies in which it is possible to gain an information advantage through research, and experience.Mendon's general philosophy is to identify companies that meet either long bullish or short bearish criteria. This strategy provides advisory clients with adequate flexibility to take advantage of opportunities identified during both rising and declining markets. The firm may purchase or sell put options or call options for their advisory clients to protect the underlying investments and to generate income or for speculative purposes.

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Investment Counselors of Maryland (ICM) offers clients value investment solutions across the market-cap spectrum. In doing so, the firm utilizes two distinct investment processes. 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. These two strategies include: Small Cap, SMID Cap & Mid-Cap Value and Large Cap Value.In selecting investments for their Small Cap, SMID Cap & Mid-Cap Value strategies, ICM seeks to invest in companies that they estimate to be undervalued that also possess leading market share positions, shareholder-oriented management teams, and strong balance sheets and cash flow ratios. Usually, the shares of the companies they buy are selling at a price-to-earnings ratio below the average price-to-earnings ratio of the stocks in the broad capitalization-specific indices (i.e. Russell 2000 , Russell 2500 and Russell Midcap). The companies usually have higher return-on-equity and return-on-capital than the average company in those same indices. Using screening parameters such as price-to-earnings, relative return-on-equity and other financial ratios, ICM screens the universe of investments to identify potentially undervalued securities. They further narrow the list of potential investments through traditional fundamental security analysis.For their Large Cap Value strategy, ICM seeks to identify companies that are well-capitalized with sustainable competitive advantages and strong management teams. Using various screening parameters, they seek to identify potentially undervalued securities. ICM further narrows the list of potential investments through traditional fundamental security analysis. Investment are chosen once ICM is convinced the securities are undervalued and after they have attempted to discover a positive inflection point in the company's business momentum. ICM's primary focus is to confirm the competitive position of the company and that it is sufficiently undervalued based on historical valuation parameters, given their projected estimates for earnings and free-cash-flow.

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.

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 2019
Market Capitalization
$656M
Total Enterprise Value
$794M
Earnings Per Share
$2.55
Revenue
$175M
TEVNet Income
18.15x
Debt TEV
0.37x
Enterprise Value Sales
4.52x
Total Equity
$544M
Total Debt
$295M
Net Profit
$43.7M
Three Year Compounded Annual Growth Rate Of Revenue
46.42%
Five Year Compounded Annual Growth Rate Of Revenue
31.77%
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