The First Bancshares (FBMS) Q2 Earnings and Revenues Top Estimates

Core Viewpoint - The First Bancshares reported quarterly earnings of $0.63 per share, exceeding the Zacks Consensus Estimate of $0.61, but down from $0.85 per share a year ago, indicating a mixed performance trend [7][14]. Company Performance - The First Bancshares achieved revenues of $71.11 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 1.01%, but down from $78.45 million in the same quarter last year [14]. - The company has surpassed consensus EPS estimates two times over the last four quarters [8]. - The stock has gained approximately 2.3% since the beginning of the year, compared to the S&P 500's gain of 16.5% [9]. Earnings Expectations - The upcoming quarterly earnings estimate for The First Bancshares is $1.45 per share, reflecting a year-over-year decline of 12.1% [6]. - The current consensus EPS estimate for the next quarter is $0.64, with projected revenues of $72.2 million, and for the current fiscal year, the estimate is $2.44 on revenues of $285.5 million [15]. Industry Context - The Zacks Industry Rank for Banks - Southeast places it in the bottom 38% of over 250 Zacks industries, suggesting potential challenges for stock performance [5]. - The performance of The First Bancshares may be influenced by the overall outlook for the banking industry [5].