First Bancshares, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
July 11, 2020 at 01:35 am IST
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First Bancshares, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced net interest income was USD 3.610 million compared to USD 3.146 million a year ago. Net income was USD 1.040 million compared to USD 835,000 a year ago. Basic earnings per share was USD 0.4 compared to USD 0.33 a year ago. For the half year, net interest income was USD 6.918 million compared to USD 6.312 million a year ago. Net income was USD 1.877 million compared to USD 1.790 million a year ago. Basic earnings per share was USD 0.71 compared to USD 0.71 a year ago.
First Bancshares, Inc. is a holding company for Stockmens Bank (the Bank). The Bank provides its customers with a range of community banking services. The Bank is engaged in the business of attracting deposits from, and making loans to, the general public, including individuals and businesses. It originates real estate loans, including one-to-four family residential mortgage loans, multi-family residential loans, commercial real estate loans, agricultural real estate loans and home equity loans and non-real estate loans, including commercial business, agricultural business and consumer loans. It also invests in mortgage-back securities, United States Government and agency securities and other assets. It conducts its business from its home office in Colorado Springs, Colorado, and eight full-service Missouri offices in Mountain Grove, Marshfield, Ava, Kissee, Mills, Gainesville, Crane, Hartville and Springfield, and full-service offices in Bartley, Nebraska and Akron, Colorado.
FIRST BANCSHARES, INC. 
