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The First Bancshares posts 1Q profit

HATTIESBURG, Miss. (AP) _ The First Bancshares Inc. (FBMS) on Friday reported first-quarter profit of $1.1 million.

The Hattiesburg, Mississippi-based bank said it had earnings of 12 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, came to 37 cents per share.

The bank holding company posted revenue of $19.1 million in the period. Its adjusted revenue was $17.6 million.

The First Bancshares shares have increased nearly 2 percent since the beginning of the year. In the final minutes of trading on Friday, shares hit $28, an increase of 74 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FBMS at https://www.zacks.com/ap/FBMS


Keywords: The First Bancshares, Earnings Report