First Bancshares, Inc. Announces Operating Results for Quarter Ended June 30, 2025

Core Viewpoint - First Bancshares, Inc. reported strong financial results for the second quarter of 2025, showing growth in net income and key balance sheet categories compared to the same period in 2024 [2][3]. Financial Performance - The Company reported after-tax net income of $1,824,000 or $0.75 per share-diluted for Q2 2025, an increase from $1,630,000 or $0.67 per share-diluted in Q2 2024 [2]. - The after-tax return on average assets was 1.36%, and the return on equity was 11.82% for Q2 2025 [2]. - Total interest income for Q2 2025 was $8,407,000, up from $8,013,000 in Q2 2024, while total interest expense decreased to $2,411,000 from $2,689,000 [10]. - Net interest income increased to $5,996,000 in Q2 2025 from $5,324,000 in Q2 2024 [10]. Balance Sheet Highlights - Total assets increased by $27.3 million to $544.1 million since June 30, 2024 [3]. - Cash and cash equivalents rose by $13.0 million to $55.8 million, and net loans receivable increased by $15.9 million to $445.3 million [3]. - Total deposits grew by $13.4 million to $468.3 million, and stockholders' equity increased by $6.3 million to $62.3 million [3]. Capital and Liquidity - The Company has made significant efforts to strengthen its balance sheet, maintaining robust liquidity and deploying excess cash into high-quality loan assets [4]. - The capital ratios have developed to a level that allows the Company to pursue growth opportunities [4]. - The Bank meets all regulatory requirements for "well-capitalized" status [5].