The First Bancshares, Inc.
The First Bancshares, Inc. operates as the bank holding company for The First Bank that provides general commercial and retail banking services. The company operates through three segments: Commercial/Retail Bank, Mortgage Banking Division, and Holding Company. It offers deposit services, including checking, NOW accounts, and savings accounts; other time deposits, such as daily money market accou… Read more
The First Bancshares, Inc. (FBMS) - Net Assets
Latest net assets as of December 2024: $1.01 Billion USD
Based on the latest financial reports, The First Bancshares, Inc. (FBMS) has net assets worth $1.01 Billion USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($8.00 Billion) and total liabilities ($7.00 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.01 Billion |
| % of Total Assets | 12.56% |
| Annual Growth Rate | 19.65% |
| 5-Year Change | 55.93% |
| 10-Year Change | 872.03% |
| Growth Volatility | 25.03 |
The First Bancshares, Inc. - Net Assets Trend (1996–2024)
This chart illustrates how The First Bancshares, Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for The First Bancshares, Inc. (1996–2024)
The table below shows the annual net assets of The First Bancshares, Inc. from 1996 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.01 Billion | +5.94% |
| 2023-12-31 | $949.03 Million | +46.76% |
| 2022-12-31 | $646.66 Million | -4.36% |
| 2021-12-31 | $676.17 Million | +4.86% |
| 2020-12-31 | $644.82 Million | +18.61% |
| 2019-12-31 | $543.66 Million | +49.66% |
| 2018-12-31 | $363.25 Million | +63.28% |
| 2017-12-31 | $222.47 Million | +43.97% |
| 2016-12-31 | $154.53 Million | +49.39% |
| 2015-12-31 | $103.44 Million | +7.50% |
| 2014-12-31 | $96.22 Million | +13.05% |
| 2013-12-31 | $85.11 Million | +29.18% |
| 2012-12-31 | $65.89 Million | +9.04% |
| 2011-12-31 | $60.43 Million | +5.83% |
| 2010-12-31 | $57.10 Million | +30.91% |
| 2009-12-31 | $43.62 Million | +19.28% |
| 2008-12-31 | $36.57 Million | +0.79% |
| 2007-12-31 | $36.28 Million | +12.10% |
| 2006-12-31 | $32.36 Million | +75.16% |
| 2005-12-31 | $18.48 Million | +10.38% |
| 2004-12-31 | $16.74 Million | +6.95% |
| 2003-12-31 | $15.65 Million | +4.88% |
| 2002-12-31 | $14.92 Million | +6.67% |
| 2001-12-31 | $13.99 Million | +6.14% |
| 2000-12-31 | $13.18 Million | +5.67% |
| 1999-12-31 | $12.47 Million | +94.22% |
| 1998-12-31 | $6.42 Million | +0.86% |
| 1997-12-31 | $6.37 Million | -3.82% |
| 1996-12-31 | $6.62 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to The First Bancshares, Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 34673765800.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $346.18 Million | 34.43% |
| Other Comprehensive Income | $-109.56 Million | -10.90% |
| Other Components | $768.81 Million | 76.47% |
| Total Equity | $1.01 Billion | 100.00% |
The First Bancshares, Inc. Competitors by Market Cap
The table below lists competitors of The First Bancshares, Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Khang Dien House Trading and Investment JSC
VN:KDH
|
$991.00 Million |
|
Trupanion Inc
NASDAQ:TRUP
|
$991.05 Million |
|
Corvus Pharmaceuticals Inc
NASDAQ:CRVS
|
$991.72 Million |
|
Nanobiotix
NASDAQ:NBTX
|
$991.81 Million |
|
Old Second Bancorp Inc
NASDAQ:OSBC
|
$990.37 Million |
|
Clarkson PLC
PINK:CKNHF
|
$990.23 Million |
|
Starlake Bioscience Co Inc Zhaoqing Guangdong
SHG:600866
|
$990.13 Million |
|
Schaeffler AG
PINK:SFFLY
|
$989.80 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The First Bancshares, Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 949,034,000 to 1,005,431,000, a change of 56,397,000 (5.9%).
- Net income of 77,194,000 contributed positively to equity growth.
- Dividend payments of 30,664,000 reduced retained earnings.
- Share repurchases of 2,275,000 reduced equity.
- Other comprehensive income increased equity by 8,018,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $77.19 Million | +7.68% |
| Dividends Paid | $30.66 Million | -3.05% |
| Share Repurchases | $2.27 Million | -0.23% |
| Other Comprehensive Income | $8.02 Million | +0.8% |
| Other Changes | $4.12 Million | +0.41% |
| Total Change | $- | 5.94% |
Book Value vs Market Value Analysis
This analysis compares The First Bancshares, Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.07x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 6.26x to 1.07x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | $5.40 | $33.81 | x |
| 1997-12-31 | $4.37 | $33.81 | x |
| 1998-12-31 | $4.33 | $33.81 | x |
| 1999-12-31 | $5.41 | $33.81 | x |
| 2000-12-31 | $5.60 | $33.81 | x |
| 2001-12-31 | $5.93 | $33.81 | x |
| 2002-12-31 | $6.22 | $33.81 | x |
| 2003-12-31 | $6.45 | $33.81 | x |
| 2004-12-31 | $7.03 | $33.81 | x |
| 2005-12-31 | $7.46 | $33.81 | x |
| 2006-12-31 | $12.40 | $33.81 | x |
| 2007-12-31 | $11.86 | $33.81 | x |
| 2008-12-31 | $12.04 | $33.81 | x |
| 2009-12-31 | $14.48 | $33.81 | x |
| 2010-12-31 | $18.89 | $33.81 | x |
| 2011-12-31 | $19.66 | $33.81 | x |
| 2012-12-31 | $21.08 | $33.81 | x |
| 2013-12-31 | $19.46 | $33.81 | x |
| 2014-12-31 | $18.25 | $33.81 | x |
| 2015-12-31 | $19.01 | $33.81 | x |
| 2016-12-31 | $24.69 | $33.81 | x |
| 2017-12-31 | $23.27 | $33.81 | x |
| 2018-12-31 | $27.74 | $33.81 | x |
| 2019-12-31 | $31.64 | $33.81 | x |
| 2020-12-31 | $30.97 | $33.81 | x |
| 2021-12-31 | $31.95 | $33.81 | x |
| 2022-12-31 | $29.17 | $33.81 | x |
| 2023-12-31 | $30.07 | $33.81 | x |
| 2024-12-31 | $31.70 | $33.81 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The First Bancshares, Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.68%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 166.40%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 7.96x
- Recent ROE (7.68%) is above the historical average (5.64%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | -5.37% | -857.76% | 0.00x | 2.14x | $-1.02 Million |
| 1997 | -4.11% | -70.33% | 0.01x | 4.32x | $-898.76K |
| 1998 | 1.04% | 17.36% | 0.01x | 7.77x | $-575.45K |
| 1999 | -1.39% | -21.51% | 0.01x | 7.32x | $-1.42 Million |
| 2000 | 4.28% | 56.00% | 0.01x | 8.92x | $-753.31K |
| 2001 | 4.80% | 47.44% | 0.01x | 9.69x | $-727.14K |
| 2002 | 5.79% | 11.04% | 0.05x | 10.55x | $-628.50K |
| 2003 | 6.44% | 11.09% | 0.06x | 10.54x | $-557.71K |
| 2004 | 7.42% | 12.71% | 0.05x | 12.69x | $-431.22K |
| 2005 | 10.33% | 16.14% | 0.04x | 15.93x | $61.43K |
| 2006 | 10.24% | 19.94% | 0.04x | 12.91x | $78.53K |
| 2007 | 10.54% | 17.83% | 0.04x | 13.67x | $194.61K |
| 2008 | 5.06% | 8.91% | 0.04x | 12.98x | $-1.81 Million |
| 2009 | 4.00% | 9.23% | 0.04x | 10.95x | $-2.62 Million |
| 2010 | 4.46% | 12.31% | 0.04x | 8.81x | $-3.16 Million |
| 2011 | 4.75% | 12.13% | 0.03x | 11.28x | $-3.17 Million |
| 2012 | 6.14% | 14.83% | 0.04x | 10.95x | $-2.54 Million |
| 2013 | 5.45% | 13.48% | 0.04x | 11.06x | $-3.87 Million |
| 2014 | 6.87% | 16.63% | 0.04x | 11.37x | $-3.01 Million |
| 2015 | 8.51% | 19.92% | 0.04x | 11.07x | $-1.54 Million |
| 2016 | 6.55% | 19.87% | 0.04x | 8.27x | $-5.33 Million |
| 2017 | 4.77% | 14.54% | 0.04x | 8.15x | $-11.63 Million |
| 2018 | 5.84% | 20.54% | 0.03x | 8.27x | $-15.10 Million |
| 2019 | 8.05% | 30.17% | 0.04x | 7.25x | $-10.62 Million |
| 2020 | 8.14% | 32.50% | 0.03x | 7.99x | $-11.98 Million |
| 2021 | 9.49% | 33.02% | 0.03x | 8.99x | $-3.45 Million |
| 2022 | 9.73% | 30.36% | 0.03x | 9.99x | $-1.75 Million |
| 2023 | 7.95% | 26.00% | 0.04x | 8.43x | $-19.45 Million |
| 2024 | 7.68% | 166.40% | 0.01x | 7.96x | $-23.35 Million |
Industry Comparison
This section compares The First Bancshares, Inc.'s net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The First Bancshares, Inc. (FBMS) | $1.01 Billion | -5.37% | 6.96x | $990.47 Million |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |