First Bancshares Q1 Net Income Surges 25% to $2.1M, EPS Up 24% Year-Over-Year
FBSI has more than doubled off its 52-week low of $11.25 on light trading volume (0.1× avg).
Summary
First Bancshares, Inc. reported robust first-quarter 2026 operating results, with after-tax net income surging 25.2% year-over-year to $2.118 million, or $0.88 per diluted share, compared to $1.692 million, or $0.71 per diluted share, in the prior year period. The company demonstrated strong financial health, with total assets increasing 9.4% to $590.5 million, loan balances growing 20.4% to $496.8 million, and stockholders' equity rising 23.63% to $68.3 million. These results highlight effective management in a competitive environment, building on strong performances from late 2025. Traders will be watching the company's continued execution of its growth strategy, including new branch openings, and its ability to sustain this momentum.
At the time of this announcement, FBSI was trading at $31.50 on OTC in the Finance sector, with a market capitalization of approximately $76.8M. The 52-week trading range was $11.25 to $35.96. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.