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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16915991624144
Cash and cash equivalents16915991624144
Disposal group, including discontinued operation     2
Total current assets:16915991624146
Noncurrent Assets
Operating lease, right-of-use asset7
Property, plant and equipment987546353435
Intangible assets, net (including goodwill)18911325161615
Goodwill1599020141412
Intangible assets, net (excluding goodwill)30235223
Total noncurrent assets:29418871505050
Other undisclosed assets3,4792,6571,6511,1661,055998
TOTAL ASSETS:3,9423,0041,8131,2771,1451,094
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt2108678359280
Total current liabilities:2108678359280
Noncurrent Liabilities
Other undisclosed liabilities3,1892,5551,5131,088950917
Total liabilities:3,3982,6411,5911,1231,042998
Stockholders' equity
Stockholders' equity attributable to parent54436322215510396
Preferred stock    1717
Common stock191511955
Treasury stock, value(6)(0)(0)(0)(0)(0)
Additional paid in capital4102791581034544
Accumulated other comprehensive income (loss)10(2)(0)(1)12
Retained earnings1107254443628
Total stockholders' equity:54436322215510396
TOTAL LIABILITIES AND EQUITY:3,9423,0041,8131,2771,1451,094

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1349168464339
Net investment income1349160413632
Financial services revenue8677
Cost of revenue(4)(2)(1)(1)(1)(1)
Cost of goods and services sold   (1)(1) 
Provision for loan, lease, and other losses(4)(2)
Financial services costs(1)(1)(0)(1)
Gross profit:1318967454238
Operating expenses(60)(55)(40)(28)(24)(23)
Other operating income, net
(Noninterest Income, Other Operating Income)
211111
Operating income:733528181916
Nonoperating income655500
Investment income, nonoperating6454  
Gains (losses) on sales of other real estate(0)0(0)(0)(0)(0)
Bank owned life insurance income 11100
Interest and debt expense(27)(15)(7)(4)(3)(3)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes52(9)(4)(4)(4)
Income from continuing operations before income taxes:56271814129
Income tax expense(13)(6)(7)(4)(3)(2)
Net income attributable to parent:4421111097
Preferred stock dividends and other adjustments   (0)(0)(0)
Net income available to common stockholders, basic:4421111086
Convertible preferred dividends   0  
Other undisclosed net loss available to common stockholders, diluted (21)    
Net income available to common stockholders, diluted:440111086

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:4421111097
Other comprehensive income (loss)12(1)1(2)(1)3
Comprehensive income, net of tax, attributable to parent:5620118810

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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