The First Bancshares

The First Bancshares is a bank holding company for The First, A National Banking Association. The Bank offers a full range of deposit services, including checking accounts, NOW accounts, savings accounts, and other time deposits of various types, ranging from daily money market accounts to longer-term certificates of deposit. In addition, it offers certain retirement account services, such as Individual Retirement Accounts. The Bank also provides commercial and personal loans, real estate construction and acquisition loans, and mortgages. Through its private banking division, the Bank offers financial services and wealth management services. Other bank services include online internet banking services, voice response telephone inquiry services, commercial sweep accounts, cash management services, safe deposit boxes, traveler's checks, mobile deposit, direct deposit of payroll and social security checks, and automatic drafts for various accounts.

Type
Public
HQ
Hattiesburg, US
Founded
1996
Size (employees)
306 (est)+4%
The First Bancshares was founded in 1996 and is headquartered in Hattiesburg, US

The First Bancshares Office Locations

The First Bancshares has an office in Hattiesburg
Hattiesburg, US (HQ)
6480 U S Highway 98

The First Bancshares Data and Metrics

The First Bancshares Financial Metrics

The First Bancshares's revenue was reported to be $19.1 m in Q1, 2017
USD

Revenue (Q1, 2017)

19.1 m

Gross profit (Q1, 2017)

17.6 m

Gross profit margin (Q1, 2017), %

92%

Net income (Q1, 2017)

1.1 m

EBIT (Q1, 2017)

14.2 m

Market capitalization (22-Aug-2017)

250.1 m

Cash (31-Mar-2017)

148.5 m
The First Bancshares's current market capitalization is $250.1 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

31.3 m36.4 m40.2 m55.9 m

Revenue growth, %

16%11%39%

Cost of goods sold

3.2 m4.3 m

Gross profit

37 m51.5 m

Gross profit Margin, %

92%92%

EBIT

36.6 m39.7 m

EBIT margin, %

91%71%

Pre tax profit

12 m14 m

Net Income

4.6 m6.6 m8.8 m10.1 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

11.9 m12.1 m13.1 m13.8 m14.4 m19.1 m

Cost of goods sold

806 k793 k922 k1 m1.2 m1.6 m

Gross profit

11.1 m11.3 m12.2 m12.8 m13.2 m17.6 m

Gross profit Margin, %

93%93%93%93%92%92%

Sales and marketing expense

4.6 m4.6 m5.1 m5.4 m5.6 m7.6 m

General and administrative expense

1.1 m1.1 m1.1 m1.1 m1.2 m1.4 m

Operating expense total

5.8 m5.8 m6.2 m6.5 m6.9 m9 m

EBIT

9.2 m9 m9.5 m9.7 m9.9 m14.2 m

EBIT margin, %

78%75%73%70%69%74%

Pre tax profit

3 m3 m3.6 m3.7 m3.6 m1.4 m

Income tax expense

(390 k)(205 k)(388 k)793 k815 k969 k1 m1 m296 k

Net Income

2 m1.1 m1.4 m4.2 m6.4 m2.6 m5.3 m7.8 m1.1 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

39.3 m44.6 m41.3 m62.1 m

Accounts Receivable

3.3 m3.7 m4 m4.4 m

PP&E

32.1 m34.8 m33.6 m34.6 m

Goodwill

10.6 m12.3 m13.8 m13.8 m

Total Assets

940.9 m1.1 b1.1 b1.3 b

Accounts Payable

400 k315.8 k245.7 k1 b

Total Debt

10.3 m

Total Liabilities

1.1 b

Additional Paid-in Capital

42.1 m44.4 m44.7 m102.6 m

Retained Earnings

22.5 m28 m35.6 m44.5 m

Total Equity

85.1 m96.2 m103.4 m154.5 m

Debt to Equity Ratio

0.1 x

Debt to Assets Ratio

0 x

Financial Leverage

11.1 x11.4 x11.1 x8.3 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

55.4 m50.4 m94.5 m62 m65.2 m96 m54.8 m70.1 m148.5 m

Accounts Receivable

3.4 m3.9 m4 m3.6 m3.8 m4.3 m4.1 m4 m5.7 m

Inventories

606.8 m667.5 m716.4 m731 m746.6 m797.8 m824.1 m854.4 m1.1 b

PP&E

31.3 m35.1 m33.8 m33.6 m33.6 m33.4 m33.5 m33.4 m45.4 m

Goodwill

10.6 m12 m12.3 m12.3 m12.3 m13.8 m13.8 m13.8 m20.2 m

Total Assets

1 b1.1 b1.1 b1.1 b1.1 b1.2 b1.2 b1.3 b1.8 b

Accounts Payable

883.9 m907.5 m984.6 m962.1 m963.8 m1 b1 b1.1 b1.6 b

Additional Paid-in Capital

42.2 m44.3 m44.4 m44.3 m44.5 m44.7 m44.9 m45 m104.6 m

Retained Earnings

25 m26.2 m29.7 m31.6 m33.6 m37.9 m40.3 m42.5 m45.3 m

Total Equity

89.8 m93.6 m98.8 m98.4 m101.6 m107.2 m110.3 m112.7 m159 m

Financial Leverage

11.2 x11.5 x11.6 x11.4 x11.2 x11.6 x11.1 x11.2 x11.2 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

4.6 m6.6 m8.8 m10.1 m

Depreciation and Amortization

1.9 m2.2 m2.3 m2.3 m

Accounts Receivable

(54.6 k)(152.3 k)(294.3 k)(404.8 k)

Accounts Payable

(153.1 k)(109.2 k)(70.1 k)60.3 k

Cash From Operating Activities

18 m7.1 m9.7 m9.6 m

Cash From Investing Activities

(40.9 m)(78.7 m)(56.5 m)(112.3 m)

Dividends Paid

(342.5 k)(342.5 k)(342.5 k)(452.3 k)

Cash From Financing Activities

31.2 m77 m43.4 m123.6 m

Interest Paid

2.7 m3.1 m3.4 m4.3 m

Income Taxes Paid

980.5 k275.1 k4.2 m4.7 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

2 m1.1 m1.4 m4.2 m6.4 m2.6 m5.3 m7.8 m1.1 m

Depreciation and Amortization

1.6 m2.4 m870 k1.7 m2.5 m1.1 m

Accounts Receivable

31 k(150 k)(313 k)(150 k)(61 k)344 k

Accounts Payable

(61 k)(84 k)(10 k)(2 k)29 k(34 k)

Cash From Operating Activities

2.4 m7.4 m1.7 m2.2 m2.6 m3.2 m

Cash From Investing Activities

(8 m)(26.3 m)(39.7 m)(61.4 m)(85.5 m)(45.4 m)

Dividends Paid

(171 k)(257 k)(85 k)(171 k)(257 k)

Cash From Financing Activities

23 m39.5 m92.7 m72.7 m111.7 m128.6 m
Y, 2017

Financial Leverage

11.2 x

The First Bancshares Market Value History

The First Bancshares Job Categories

Traffic Overview of The First Bancshares

The First Bancshares Online and Social Media Presence

The First Bancshares Company Life and Culture

You may also be interested in