The First Bancshares, Inc.

FBMS

FBMSThe First Bancshares, Inc. US flag

NASDAQ Global Market

33.81

USD

+0.16

- -

1.06BMarket Cap

Income Statement (USD)

API Chat

	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Sales/Revenue/Turnover	21	24	29	35	40	44	51	72	104	146	183	190	211	290	277
+ Sales & Services Revenue	21	24	29	35	40	44	51	72	104	146	183	190	211	290	277
- Cost of Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cost of Goods & Services	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Profit	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Selling, General & Admin	10	11	13	17	20	21	25	35	42	52	63	69	76	98	107
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	-10	-11	-13	-17	-20	-21	-25	-35	-42	-52	-63	-69	-76	-98	-107
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Non-Operating (Income) Loss	-3	-3	-5	-6	-9	-12	-14	-18	-27	-56	-63	-81	-79	-97	-98
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-3	-3	-5	-6	-9	-12	-14	-18	-27	-56	-63	-81	-79	-97	-98
Pretax Income	3	3	5	6	9	12	14	18	27	56	63	81	79	97	98
- Income Tax Expense (Benefit)	1	- -	1	2	2	3	4	7	6	13	11	17	16	21	21
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	3	3	4	5	7	9	10	11	21	44	53	64	63	75	77
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	3	3	4	5	7	9	10	11	21	44	53	64	63	75	77
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	3	3	4	5	7	9	10	11	21	44	53	64	63	75	77
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	2	3	4	4	6	8	10	11	21	44	53	64	63	75	77
EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA	1	1	2	2	2	2	2	3	4	5	12	14	12	12	10
EBITDA Margin (%)	4.2	4.9	6.05	5.4	5.4	5.26	4.54	4.01	4.14	3.64	6.74	7.26	5.78	4.17	3.69
EBITA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Profit Margin (%)	12.31	12.13	14.2	13.07	16.37	20.14	19.96	14.67	20.45	29.97	28.65	33.79	29.86	26	27.87
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.24	0.26	0.26	0.22	0.21	0.21	0.14	0.15	0.17	0.28	0.41	0.57	0.68	0.88	0.97
Depreciation Expense	1	1	2	2	2	2	2	3	4	5	12	14	12	12	10
Basic Weighted Avg Shares	3	3	3	4	5	5	9	9	15	19	21	21	24	31	32
Basic EPS, GAAP	0.74	0.83	1.17	0.98	1.2	1.57	1.08	1.12	1.43	2.33	2.49	3.05	2.62	2.41	2.45
Basic EPS from Cont Ops	0.84	0.94	1.31	1.07	1.27	1.64	1.13	1.12	1.43	2.33	2.49	3.05	2.62	2.41	2.45
Diluted Weighted Avg Shares	3	3	3	4	5	5	9	10	15	19	21	21	24	32	32
Diluted EPS, GAAP	0.74	0.82	1.16	0.96	1.19	1.56	1.08	1.11	1.43	2.33	2.49	3.03	2.62	2.39	2.44
Diluted EPS from Cont Ops	0.84	0.93	1.3	1.06	1.25	1.62	1.13	1.11	1.43	2.33	2.49	3.03	2.62	2.39	2.44

Balance Sheet (USD)

API Chat

	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Total Current Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash, Cash Equivalents & STI	27	235	244	282	299	281	305	448	651	934	1,585	2,672	1,402	1,398	763
+ Cash & Cash Equivalents	25	23	30	38	44	41	62	91	159	169	563	920	145	355	220
+ ST Investments	3	213	214	244	255	240	243	357	492	765	1,022	1,752	1,257	1,042	543
+ Accounts & Notes Receiv	2	3	3	3	4	4	4	7	11	15	26	23	28	33	34
+ Accounts Receivable, Net	2	3	3	3	4	4	4	7	11	15	26	23	28	33	34
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	-30	-238	-247	-286	-303	-285	-309	-455	-662	-949	-1,611	-2,695	-1,430	-1,431	-797
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Property, Plant & Equip, Net	15	23	22	32	35	34	35	46	75	105	123	132	153	182	177
+ Property, Plant & Equip	21	30	30	42	48	48	49	63	95	129	150	164	190	226	228
- Accumulated Depreciation	6	7	8	10	13	14	15	16	20	24	26	31	37	44	51
+ LT Investments & Receivables	107	221	226	258	270	255	256	373	515	792	1,050	1,774	1,983	1,735	1,646
+ LT Investments	107	221	226	258	270	255	256	373	515	792	1,050	1,774	1,983	1,735	1,646
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	-122	-244	-249	-290	-305	-289	-290	-419	-590	-897	-1,173	-1,907	-2,136	-1,917	-1,823
+ Total Intangible Assets	1	9	9	11	12	14	14	20	90	159	157	157	180	273	332
+ Goodwill	1	9	9	11	12	14	14	20	90	159	157	157	180	273	273
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	59
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	-123	-254	-258	-301	-317	-302	-304	-439	-679	-1,055	-1,330	-2,063	-2,316	-2,189	-2,155
Total Assets	503	681	721	941	1,094	1,145	1,277	1,813	3,004	3,942	5,153	6,077	6,462	7,999	8,005
+ Payables & Accruals	- -	- -	- -	- -	- -	- -	- -	- -	2	3	2	2	3	23	14
+ Accounts Payable	- -	- -	- -	- -	- -	- -	- -	- -	2	3	2	2	3	23	14
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	7	8	6	10	8	- -
+ ST Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	7	8	6	10	8	- -
+ Other ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	-2	-9	-10	-8	-13	-31	-14
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	-2	-9	-10	-8	-13	-31	-14
Total Current Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Debt	10	22	42	57	95	110	74	114	166	299	268	151	285	132	342
+ LT Borrowings	10	22	42	57	95	110	74	114	166	292	259	145	275	123	334
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	7	8	6	10	8	8
+ Other LT Liabilities	-10	-22	-42	-57	-95	-110	-74	-114	-166	-299	-268	-151	-285	-132	-342
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	-10	-22	-42	-57	-95	-110	-74	-114	-166	-299	-268	-151	-285	-132	-342
Total Noncurrent Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Liabilities	446	621	655	856	998	1,042	1,123	1,591	2,641	3,398	4,508	5,401	5,815	7,050	6,999
+ Preferred Equity and Hybrid Capital	17	17	17	17	17	17	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	26	27	27	47	50	50	112	170	294	429	479	481	584	808	810
+ Common Stock	3	3	3	5	5	5	9	11	15	19	22	22	25	32	32
+ Additional Paid in Capital	23	24	24	42	44	45	103	158	279	410	457	459	559	775	778
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	6	14	19	41	41	41
+ Retained Earnings	15	17	20	23	28	36	44	54	72	110	154	206	253	300	346
+ Other Equity	-1	1	3	-1	2	1	-1	- -	-2	10	26	8	-149	-118	-110
Equity Before Minority Interest	57	60	66	85	96	103	155	222	363	544	645	676	647	949	1,005
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	57	60	66	85	96	103	155	222	363	544	645	676	647	949	1,005
Total Liabilities & Equity	503	681	721	941	1,094	1,145	1,277	1,813	3,004	3,942	5,153	6,077	6,462	7,999	8,005
Shares Outstanding	3	3	3	5	5	5	9	11	15	19	21	21	24	31	31
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	13	17	13	19	17	8
Net Debt	-15	-1	12	19	51	69	13	23	7	123	-303	-775	130	-232	113
Net Debt to Equity	-25.54	-0.99	18.62	22.35	52.52	67.05	8.16	10.31	1.9	22.7	-47.04	-114.61	20.07	-24.42	11.27
Tangible Common Equity Ratio	7.85	5.08	5.55	6.17	6.18	6.41	11.14	11.29	9.39	10.18	9.77	8.77	7.43	8.76	8.78
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Cash Flow Statement (USD)

API Chat

	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
+ Net Income	3	3	4	5	7	9	10	11	21	44	53	64	63	75	77
+ Depreciation & Amortization	1	1	2	2	2	2	2	3	4	5	12	14	12	12	10
+ Non-Cash Items	2	2	2	3	3	2	2	11	4	-3	1	15	12	28	9
+ Stock-Based Compensation	- -	- -	- -	- -	1	1	1	1	1	2	2	3	2	2	5
+ Deferred Income Taxes	- -	- -	- -	2	- -	- -	- -	6	3	1	-3	2	1	7	3
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	1	2	2	1	2	1	1	4	1	-5	2	10	8	18	1
+ Chg in Non-Cash Work Cap	5	1	2	8	-5	-6	-6	-3	2	-2	-15	3	3	-7	-11
+ (Inc) Dec in Accts Receiv	- -	-1	- -	- -	- -	- -	- -	-1	-1	-1	-9	3	-3	-1	-1
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	- -	2	19	-9
+ Inc (Dec) in Other	5	2	2	8	-4	-5	-6	-2	2	-2	-5	- -	4	-25	-1
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	10	7	10	18	7	8	8	22	32	45	51	96	90	109	86
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	1	- -	- -	- -	- -	1	- -	1	1	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	1	- -	- -	- -	- -	1	- -	1	1	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-1	-1	- -	-1	-1	-1	-3	-5	-4	-8	-4	-7	-16	-4	-3
+ Acq of Fixed Prod Assets	-1	-1	- -	-1	-1	-1	-3	-5	-4	-8	-4	-7	-16	-4	-3
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	- -	19	- -	- -	60	50	- -	-5	-9	-6	-23	- -	-2
+ Increase in Capital Stock	- -	- -	- -	19	- -	- -	60	55	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	-5	- -	-5	-9	-6	-23	- -	-2
+ Net Change in LT Investment	-13	-113	-4	-33	15	13	-5	-26	33	-47	-152	-754	-400	448	93
+ Dec in LT Investment	58	56	60	53	56	47	50	66	108	145	208	234	220	474	314
+ Inc in LT Investment	-71	-168	-64	-86	-42	-34	-55	-92	-75	-192	-360	-989	-621	-26	-221
+ Net Cash From Acq & Div	- -	232	- -	- -	- -	- -	- -	4	42	31	29	359	24	107	- -
+ Cash from Divestitures	- -	116	- -	- -	- -	- -	- -	4	42	31	29	359	24	107	- -
+ Cash for Acq of Subs	- -	116	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	-130	-30	-7	-92	-67	-103	-115	-80	-39	-133	195	-316	-225	-239
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-14	-12	-35	-41	-79	-54	-111	-141	-9	-63	-259	-207	-707	328	-148
+ Dividends Paid	-1	-1	-1	-1	-1	-1	-1	-1	-3	-5	-9	-12	-16	-28	-31
+ Net Cash From Debt	-2	-3	10	15	24	21	-41	25	1	106	-46	-115	105	229	-180
+ Cash From Debt	8	32	133	47	180	194	252	199	170	365	64	- -	2,055	7,600	4,033
+ Repayments of Debt	-10	-35	-124	-32	-156	-173	-293	-174	-169	-259	-109	-115	-1,950	-7,371	-4,213
+ Other Financing Activities	25	-2	23	-2	54	24	107	76	46	-68	664	602	-223	-427	141
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	22	-6	32	31	77	43	124	150	44	28	602	469	-158	-227	-72
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	18	-11	8	8	5	-3	21	30	67	10	394	357	-774	210	-135
EBITDA	1	1	2	2	2	2	2	3	4	5	12	14	12	12	10
EBITDA Margin (%)	4.2	4.9	6.05	5.4	5.4	5.26	4.54	4.01	4.14	3.64	6.74	7.26	5.78	4.17	3.69
Free Cash Flow	9	6	10	17	6	6	5	17	27	37	47	89	75	105	82
Net Cash Paid for Acquisitions	- -	-232	- -	- -	- -	- -	- -	-4	-42	-31	-29	-359	-24	-107	- -
Free Cash Flow to Firm	9	6	10	17	6	6	5	17	27	37	47	89	75	105	82
Free Cash Flow to Equity	19	2	19	32	30	28	-54	42	29	143	3	-26	180	335	-98
Free Cash Flow per Basic Share	2.87	1.88	3.16	3.99	1.16	1.18	0.59	1.79	1.85	1.96	2.22	4.21	3.1	3.34	2.61
Price/Free Cash Flow	1.81	2.25	2.3	2.75	8.09	9.75	19.97	10.84	11.05	11.23	10.56	7.27	6.81	7.97	12.46
Cash Flow to Net Income	3.94	2.48	2.53	3.88	1.07	0.86	0.79	2.03	1.48	1.02	0.97	1.49	1.43	1.44	1.11
Capital Expenditures	-1	-1	- -	-1	-1	-1	-3	-5	-4	-8	-4	-7	-16	-4	-3