First Bancshares Inc. reported unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company has posted net interest income was $8,871,000 against $7,766,000 a year ago. Income before income tax was $2,723,000 against $2,070,000 a year ago. Net income was $2,041,000 against $1,498,000 a year ago. Net income available to common stockholders was $1,955,000 or $0.36 diluted per share against $1,392,000 or $0.27 diluted per share a year ago. Annualized return on average assets was 0.76% against 0.64% a year ago. Annualized return on average equity was 9.03% against 7.24% a year ago.

For the year, the company has posted net interest income was $33,398,000 against $28,401,000 a year ago. Income before income tax was $9,050,000 against $6,243,000 a year ago. Net income was $6,614,000 against $4,639,000 a year ago. Net income available to common stockholders was $6,251,000 or $1.19 diluted per share against $4,215,000 or $0.96 diluted per share a year ago. Annualized return on average assets was 0.64% against 0.49% a year ago. Annualized return on average equity was 7.49% against 5.45% a year ago.