The First Bancshares, Inc. (FBMS) financial statements (2021 and earlier)

Company profile

Business Address 6480 US HIGHWAY 98 WEST
HATTIESBURG, MS 39402
State of Incorp. MS
Fiscal Year End December 31
SIC 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments563169159916241
Cash and cash equivalents563169159916241
Total current assets:563169159916241
Noncurrent Assets
Finance lease, right-of-use asset3 
Operating lease, right-of-use asset67
Property, plant and equipment1159875463534
Intangible assets, net (including goodwill)188189113251616
Goodwill15715990201414
Intangible assets, net (excluding goodwill)313023522
Total noncurrent assets:311294188715050
Other undisclosed assets4,2793,4792,6571,6511,1661,055
TOTAL ASSETS:5,1533,9423,0041,8131,2771,145
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt11121086783592
Total current liabilities:11121086783592
Noncurrent Liabilities
Other undisclosed liabilities4,3973,1892,5551,5131,088950
Total liabilities:4,5083,3982,6411,5911,1231,042
Stockholders' equity
Stockholders' equity attributable to parent645544363222155103
Preferred stock     17
Common stock2219151195
Treasury stock, value(14)(6)(0)(0)(0)(0)
Additional paid in capital45741027915810345
Accumulated other comprehensive income (loss)2610(2)(0)(1)1
Retained earnings15411072544436
Total stockholders' equity:645544363222155103
TOTAL LIABILITIES AND EQUITY:5,1533,9423,0041,8131,2771,145

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues17413491684643
Net investment income16513491604136
Financial services revenue867
Cost of revenue(25)(4)(2)(1)(1)(1)
Cost of goods and services sold    (1)(1)
Provision for loan, lease, and other losses(25)(4)(2)
Financial services costs(1)(1)(0)
Gross profit:14913189674542
Operating expenses(73)(60)(55)(40)(28)(24)
Other operating income, net
(Noninterest Income, Other Operating Income)
321111
Operating income:797335281819
Nonoperating income1965550
Investment income, nonoperating186454 
Gains (losses) on sales of other real estate(1)(0)0(0)(0)(0)
Bank owned life insurance income2 1110
Interest and debt expense(27)(27)(15)(7)(4)(3)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(9)52(9)(4)(4)
Income from continuing operations before income taxes:635627181412
Income tax expense(11)(13)(6)(7)(4)(3)
Net income attributable to parent:53442111109
Preferred stock dividends and other adjustments    (0)(0)
Net income available to common stockholders, basic:53442111108
Convertible preferred dividends    0 
Other undisclosed net loss available to common stockholders, diluted  (21)   
Net income available to common stockholders, diluted:5344011108

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:53442111109
Other comprehensive income (loss)1612(1)1(2)(1)
Comprehensive income, net of tax, attributable to parent:6856201188

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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