The First Bancshares(US:FBMS)2024-01-28 15:49Financial Performance - The company's net interest income after provision for credit losses was $47216 thousand for December 31, 2022, increasing to $56415 thousand for December 31, 2023[3] - Pre-tax pre provision income operating was $22202 thousand for December 31, 2022, increasing to $25879 thousand for December 31, 2023[3] - The company's total assets grew from $6462 million in 2022 to $7999 million in 2023[73] - Net income increased from $629 million in 2022 to $755 million in 2023[73] Key Ratios and Metrics - The company's operating return on average assets (ROAA) was 122% in 2023[73] - The company's operating return on average tangible common equity (ROATCE) was 175% in 2023[73] - The company's net interest margin (FTE) was 359% in 2023[73] - The company's efficiency ratio was 616% in 2023[73] - The company's common equity tier 1 (CET1) ratio was 121% as of December 31, 2023[11] - The company's total risk-based capital ratio was 150% as of December 31, 2023[11] Deposit and Loan Portfolio - 29% of the company's deposits are demand deposits[11] - The average deposit size is approximately $23 thousand[11] - The loan portfolio is granular, with an average loan size of approximately $215 thousand[53] - The top 20 loans represent approximately 7% of the total loan portfolio[53]