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) - Total Assets
Latest total assets as of December 2024: $8.00 Billion USD
Based on the latest financial reports, The First Bancshares, Inc. (FBMS) holds total assets worth $8.00 Billion USD as of December 2024.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
The First Bancshares, Inc. - Total Assets Trend (1996–2024)
This chart illustrates how The First Bancshares, Inc.’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
The First Bancshares, Inc. - Asset Composition Analysis
Current Asset Composition (December 2024)
The First Bancshares, Inc.'s total assets of $8.00 Billion consist of 1.5% current assets and 98.6% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 2.8% |
| Accounts Receivable | $34.00 Million | 0.4% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $59.28 Million | 0.7% |
| Goodwill | $272.52 Million | 3.4% |
Asset Composition Trend (1996–2024)
This chart illustrates how The First Bancshares, Inc.'s asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: The First Bancshares, Inc.'s current assets represent 1.5% of total assets in 2024, a decrease from 26.8% in 1996.
- Cash Position: Cash and equivalents constituted 2.8% of total assets in 2024, down from 26.6% in 1996.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 3.0% of total assets, an increase from 0.0% in 1996.
- Asset Diversification: The largest asset category is goodwill at 3.4% of total assets.
The First Bancshares, Inc. Competitors by Total Assets
Key competitors of The First Bancshares, Inc. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Ping An Bank Co Ltd
SHE:000001
|
China | CN¥5.77 Trillion |
|
Bank of Ningbo Co Ltd
SHE:002142
|
China | CN¥3.58 Trillion |
|
Bank of Zhengzhou Co Ltd Class A
SHE:002936
|
China | CN¥743.55 Billion |
|
Qingdao Rural Commercial Bank Corp Class A
SHE:002958
|
China | CN¥509.92 Billion |
|
Bank of Suzhou
SHE:002966
|
China | CN¥776.04 Billion |
|
Jeju Bank
KO:006220
|
Korea | ₩7.72 Trillion |
|
Industrial Bank Of Korea
KO:024110
|
Korea | ₩490.11 Trillion |
|
Hana Financial
KO:086790
|
Korea | ₩659.08 Trillion |
The First Bancshares, Inc. - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - The First Bancshares, Inc. generates 0.01x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, The First Bancshares, Inc. generates $ 0.96 in net profit.
The First Bancshares, Inc. - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 88.99 | 60.45 | 1150.93 |
| Quick Ratio | 88.99 | 70.96 | 1148.02 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $1.21 Billion | $ 1.32 Billion | $ 2.88 Billion |
The First Bancshares, Inc. - Advanced Valuation Insights
This section examines the relationship between The First Bancshares, Inc.'s asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 1.10 |
| Latest Market Cap to Assets Ratio | 0.12 |
| Asset Growth Rate (YoY) | 0.1% |
| Total Assets | $8.00 Billion |
| Market Capitalization | $990.47 Million USD |
Valuation Analysis
Below Book Valuation: The market values The First Bancshares, Inc.'s assets below their book value (0.12 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: The First Bancshares, Inc.'s assets grew by 0.1% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for The First Bancshares, Inc. (1996–2024)
The table below shows the annual total assets of The First Bancshares, Inc. from 1996 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $8.00 Billion | +0.07% |
| 2023-12-31 | $8.00 Billion | +23.80% |
| 2022-12-31 | $6.46 Billion | +6.32% |
| 2021-12-31 | $6.08 Billion | +17.94% |
| 2020-12-31 | $5.15 Billion | +30.72% |
| 2019-12-31 | $3.94 Billion | +31.22% |
| 2018-12-31 | $3.00 Billion | +65.67% |
| 2017-12-31 | $1.81 Billion | +41.95% |
| 2016-12-31 | $1.28 Billion | +11.55% |
| 2015-12-31 | $1.15 Billion | +4.70% |
| 2014-12-31 | $1.09 Billion | +16.25% |
| 2013-12-31 | $940.89 Million | +30.43% |
| 2012-12-31 | $721.38 Million | +5.87% |
| 2011-12-31 | $681.41 Million | +35.46% |
| 2010-12-31 | $503.04 Million | +5.34% |
| 2009-12-31 | $477.55 Million | +0.57% |
| 2008-12-31 | $474.82 Million | -4.28% |
| 2007-12-31 | $496.06 Million | +18.74% |
| 2006-12-31 | $417.77 Million | +41.91% |
| 2005-12-31 | $294.39 Million | +38.60% |
| 2004-12-31 | $212.40 Million | +28.77% |
| 2003-12-31 | $164.94 Million | +4.77% |
| 2002-12-31 | $157.43 Million | +16.08% |
| 2001-12-31 | $135.62 Million | +15.34% |
| 2000-12-31 | $117.58 Million | +28.71% |
| 1999-12-31 | $91.36 Million | +83.03% |
| 1998-12-31 | $49.91 Million | +81.32% |
| 1997-12-31 | $27.53 Million | +94.17% |
| 1996-12-31 | $14.18 Million | -- |