The First Bancshares, Inc. (FBMS) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16015991624144
Cash and cash equivalents16015991624144
Disposal group, including discontinued operation     2
Total current assets:16015991624146
Noncurrent Assets
Operating lease, right-of-use asset4
Property, plant and equipment977546353435
Intangible assets, net (including goodwill)11911325161615
Goodwill1199020141412
Intangible assets, net (excluding goodwill) 235223
Total noncurrent assets:22018871505050
Other undisclosed assets3,1022,6571,6511,1661,055998
TOTAL ASSETS:3,4823,0041,8131,2771,1451,094
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt48678359280
Total current liabilities:48678359280
Noncurrent Liabilities
Other undisclosed liabilities2,9992,5551,5131,088950917
Total liabilities:3,0042,6411,5911,1231,042998
Stockholders' equity
Stockholders' equity attributable to parent47836322215510396
Preferred stock    1717
Common stock171511955
Treasury stock, value(5)(0)(0)(0)(0)(0)
Additional paid in capital3562791581034544
Accumulated other comprehensive income (loss)10(2)(0)(1)12
Retained earnings1007254443628
Total stockholders' equity:47836322215510396
TOTAL LIABILITIES AND EQUITY:3,4823,0041,8131,2771,1451,094

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1259168464339
Net investment income969160413632
Financial services revenue8677
Cost of revenue(3)(2)(1)(1)(1)(1)
Cost of goods and services sold   (1)(1) 
Provision for loan, lease, and other losses(3)(2)
Financial services costs(1)(1)(0)(1)
Gross profit:1218967454238
Operating expenses(59)(55)(40)(28)(24)(23)
Other operating income, net
(Noninterest Income, Other Operating Income)
 11111
Other undisclosed operating income1     
Operating income:643528181916
Nonoperating income555500
Investment income, nonoperating 454  
Gains (losses) on sales of other real estate00(0)(0)(0)(0)
Bank owned life insurance income 11100
Interest and debt expense(25)(15)(7)(4)(3)(3)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes62(9)(4)(4)(4)
Income from continuing operations before income taxes:50271814129
Income tax expense(11)(6)(7)(4)(3)(2)
Net income attributable to parent:3921111097
Preferred stock dividends and other adjustments   (0)(0)(0)
Net income available to common stockholders, basic:3921111086
Convertible preferred dividends   0  
Other undisclosed net loss available to common stockholders, diluted(21)(21)    
Net income available to common stockholders, diluted:180111086

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:3921111097
Other comprehensive income (loss)17(1)1(2)(1)3
Comprehensive income, net of tax, attributable to parent:5520118810

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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