HATTIESBURG, Miss. (AP) _ The First Bancshares Inc. (FBMS) on Monday reported second-quarter earnings of $12 million.
The Hattiesburg, Mississippi-based bank said it had earnings of 69 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, came to 70 cents per share.
The bank holding company posted revenue of $44.3 million in the period. Its revenue net of interest expense was $37.5 million, topping Street forecasts.
The First Bancshares shares have decreased 1% since the beginning of the year. In the final minutes of trading on Monday, shares hit $29.92, a drop of 17% in the last 12 months.