The First Bancshares, Inc. (FBMS) financial statements (2022 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)

12/31/2021
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 investments920563169159916241
Cash and cash equivalents920563169159916241
Total current assets:920563169159916241
Noncurrent Assets
Finance lease, right-of-use asset23 
Operating lease, right-of-use asset467
Property, plant and equipment1261159875463534
Intangible assets, net (including goodwill)186188189113251616
Goodwill15715715990201414
Intangible assets, net (excluding goodwill)30313023522
Total noncurrent assets:319311294188715050
Other undisclosed assets4,8394,2793,4792,6571,6511,1661,055
TOTAL ASSETS:6,0775,1533,9423,0041,8131,2771,145
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 11121086783592
Total current liabilities: 11121086783592
Noncurrent Liabilities
Other undisclosed liabilities5,4014,3973,1892,5551,5131,088950
Total liabilities:5,4014,5083,3982,6411,5911,1231,042
Stockholders' equity
Stockholders' equity attributable to parent676645544363222155103
Preferred stock      17
Common stock222219151195
Treasury stock, value(19)(14)(6)(0)(0)(0)(0)
Additional paid in capital45945741027915810345
Accumulated other comprehensive income (loss)82610(2)(0)(1)1
Retained earnings20615411072544436
Total stockholders' equity:676645544363222155103
TOTAL LIABILITIES AND EQUITY:6,0775,1533,9423,0041,8131,2771,145

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues16317413491684643
Net investment income16016513491604136
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:16314913189674542
Operating expenses(76)(73)(60)(55)(40)(28)(24)
Other operating income, net
(Noninterest Income, Other Operating Income)
4321111
Operating income:90797335281819
Nonoperating income121965550
Investment income, nonoperating10186454 
Gains (losses) on sales of other real estate(0)(1)(0)0(0)(0)(0)
Bank owned life insurance income22 1110
Interest and debt expense(20)(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 equity method investments, income taxes:83635627181412
Other undisclosed loss from continuing operations before income taxes(1)      
Income from continuing operations before income taxes:81635627181412
Income tax expense(17)(11)(13)(6)(7)(4)(3)
Net income attributable to parent:6453442111109
Preferred stock dividends and other adjustments     (0)(0)
Net income available to common stockholders, basic:6453442111108
Convertible preferred dividends     0 
Other undisclosed net loss available to common stockholders, diluted   (21)   
Net income available to common stockholders, diluted:645344011108

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:6453442111109
Other comprehensive income (loss)(18)1612(1)1(2)(1)
Comprehensive income, net of tax, attributable to parent:466856201188

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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