First Bancshares Q1 2026 Earnings

First Bancshares announced its unaudited financial results for the first quarter ended March 31, 2026. The company reported after-tax net income of $2,118,000, or $0.88 per share-diluted, an increase from $1,692,000 in the same period of 2025. This performance builds on record results from late 2025. Stockmens Bank, its subsidiary, maintained a net interest margin around 4.90%, an efficiency ratio near 53%, after-tax return on average assets exceeding 1.50%, and after-tax return on average equity over 13.50%. Since March 31, 2025, First Bancshares saw total assets grow 9.4% to $590.5 million, loan balances increase 20.4% to $496.8 million, the deposit portfolio rise 6.2% to $507.4 million, and stockholders' equity jump 23.63% to $68.3 million. The company is also executing a growth strategy, having opened a new full-service branch in Hugo, United States — Colorado, with another planned for Q2 2026. Stockmens Bank continues to meet all regulatory requirements for 'well-capitalized' status.