HATTIESBURG, Miss. (AP) _ The First Bancshares Inc. (FBMS) on Tuesday reported fourth-quarter profit of $11.9 million.
The bank, based in Hattiesburg, Mississippi, said it had earnings of 64 cents per share. Earnings, adjusted for non-recurring costs, came to 72 cents per share.
The bank holding company posted revenue of $48 million in the period. Its revenue net of interest expense was $41 million, topping Street forecasts.
For the year, the company reported profit of $43.7 million, or $2.55 per share. Revenue was reported as $148.8 million.
The First Bancshares shares have dropped slightly more than 5% since the beginning of the year. The stock has increased slightly more than 6% in the last 12 months.