First Bancshares

-10.11%

The First Bancshares, Inc. is a bank holding company based in Hattiesburg, Mississippi. It was founded in 1996 and is the parent company of The First, A National Banking Association, which has over 70 locations throughout Mississippi, Alabama, and Louisiana.
The First Bancshares offers a wide range of financial services to its customers, including personal and business banking, wealth management, insurance, mortgage lending, and investments. The company prides itself on being a community-focused bank, with a commitment to providing personalized service and supporting local communities.
In addition to its banking operations, The First Bancshares is also an active acquirer of community banks, expanding its presence in the Southeast region through strategic mergers and acquisitions. The company’s mission is to create sustainable value for its shareholders, customers, employees, and communities by building long-term relationships and delivering exceptional financial services.
The First Bancshares is publicly traded on the NASDAQ stock exchange under the ticker symbol FBMS. As of 2021, the company has approximately $4.6 billion in total assets and employs over 800 people. Its leadership team is headed by M. Ray Hoppy Cole, who serves as the Chairman and CEO.

1. Strong community focus: First Bancshares is committed to serving and supporting the local communities where it operates. Through various community initiatives and partnerships, the company actively gives back and invests in the growth and well-being of its communities.
2. Customer-centric approach: First Bancshares puts its customers at the heart of all its operations and decisions. The company strives to build personal relationships with its customers and provide them with tailored financial solutions to meet their specific needs.
3. Strong financial performance: First Bancshares has a track record of consistent and strong financial performance. The company has a history of growth and profitability, showcasing its solid financial foundation and successful business strategies.
4. Diversified portfolio: With a wide range of financial products and services, First Bancshares offers diverse options for its customers and has a strong portfolio that helps mitigate risks and ensures stability.
5. Experienced leadership: The company has a strong leadership team with extensive experience and expertise in the financial industry. This enables the company to make strategic and informed decisions for the long-term success and growth of the business.
6. Technologically advanced: First Bancshares has embraced technology and constantly invests in the latest innovations to enhance the customer experience and improve operational efficiency.
7. Strong corporate culture: The company values a positive and inclusive work culture that fosters teamwork, integrity, and professionalism. This has not only led to a high level of employee satisfaction and retention but also translates to better customer service.
8. Commitment to sustainability: First Bancshares is dedicated to promoting and practicing sustainable business practices. The company strives to reduce its environmental impact, support sustainable growth in its communities, and maintain responsible business practices.
9. Strong risk management: The company has a robust risk management framework that helps identify and mitigate potential risks in its operations. This ensures the safety and security of its customers’ assets and investments.
10. Growth through strategic acquisitions: First Bancshares has a history of successful strategic acquisitions, which have contributed to its expansion and growth. The company continues to evaluate potential acquisition opportunities to further strengthen its market presence.

The First Bancshares company’s business model is to operate as a holding company for its subsidiary, First Bank, which specializes in providing a range of financial services to individuals and businesses. This includes personal and business banking, wealth management, mortgage lending, insurance, and investment services. The company focuses on building strong customer relationships and utilizing technology to enhance the customer experience. It also seeks growth opportunities through strategic acquisitions and organic growth initiatives.

• First Bancshares is headquartered in Hattiesburg, Mississippi and was founded in 1916.
• The company operates as the bank holding company for The First, A National Banking Association, which was established in 1996.
• The First has 80 branches and over 65 ATMs throughout Mississippi, Alabama, and Louisiana.
• In addition to traditional banking services, The First also offers wealth management, trust and asset management, and insurance services.
• The First was the first bank in Mississippi to offer mobile banking and has won numerous awards for their mobile app, including being named one of the top 10 banks in the nation for mobile banking by Bank Director magazine.
• In 2020, The First was ranked as the top performing bank in Mississippi by Bank Director magazine.
• In 2019, First Bancshares was recognized by Forbes as one of the 100 Best Banks in America.
• The company has over $1.5 billion in assets and has experienced steady growth over the years through both organic expansion and strategic acquisitions.
• First Bancshares is committed to giving back to the communities it serves and has established programs such as the First Giving Program, which provides donations to local non-profit organizations, and the First Opportunity Scholarship Program, which awards scholarships to high school seniors.
• First Bancshares places a strong emphasis on customer service and has been recognized for having a high level of customer satisfaction, including being named the Mississippi Bankers Association’s Community Bank of the Year in 2019.