First Bancshares INC /MS/

Market Movers (8-K)

The First Bancshares, Inc. has completed its merger with Renasant Corporation, resulting in The First's delisting from the New York Stock Exchange.
Renasant Corporation and The First Bancshares, Inc. have received all necessary regulatory approvals for their proposed merger, expected to close on April 1, 2025.
The First Bancshares, Inc. reports a slight decrease in net income for Q4 2024, alongside strong loan growth and an increasing net interest margin, while preparing for its merger with Renasant Corporation.
Worse than expected
The First Bancshares, Inc. released its third quarter 2024 investor presentation, highlighting key financial metrics and strategic updates.
Better than expected
The First Bancshares, Inc. reported a net income of $18.6 million for the third quarter of 2024, alongside announcing a merger agreement with Renasant Corporation.
Worse than expected
The First Bancshares, Inc. has received shareholder approval for its merger with Renasant Corporation, marking a significant step towards the completion of the transaction.

Quarterly Earnings (10-Q)

The First Bancshares reported a decrease in net income for Q3 2024 compared to Q3 2023, alongside updates on its pending merger with Renasant Corporation.
Worse than expected
First Bancshares' second quarter earnings were down compared to the previous year, while the company announced a merger with Renasant Corporation.
Worse than expected
First Bancshares, Inc. announced a net income of $20.6 million for the first quarter of 2024, an increase compared to the same period last year, despite a decrease in net interest income.
Worse than expected

Annual Reports (10-K)

The First Bancshares, Inc. files an amendment to its annual report on Form 10-K to include Part III information due to a delay in filing its definitive annual proxy statement.
Delay expected
The First Bancshares, Inc. reports a slight increase in net income available to common shareholders for 2024 and anticipates a merger with Renasant Corporation in the first half of 2025.
The First Bancshares, Inc. files amendments to executive retirement plans and reports a significant increase in net income for 2023, alongside growth in assets, loans, and deposits.
Better than expected

Insider Trading (Form 4)

Director David W. BomBoy reports the disposition of First Bancshares Inc. shares due to the merger with Renasant Corporation, where each share was converted into the right to receive 1.00 share of Renasant common stock.
Director Jonathan Levy reports the disposition of 15,729 shares of First Bancshares common stock due to the merger with Renasant Corporation on April 1, 2025.
Donna T. Rutland (Lowery), CFO of First Bancshares Inc, reports the disposition of 52,550 shares of common stock due to the merger with Renasant Corporation on April 1, 2025.
Valencia M. Williamson, a director of First Bancshares Inc., reported the disposition of 2,711 shares of common stock due to the merger with Renasant Corporation on April 1, 2025.
Director Andrew D. Stetelman reports the disposition of First Bancshares Inc. shares due to the merger with Renasant Corporation on April 1, 2025, where each share was converted into the right to receive 1.00 share of Renasant common stock.
J. Douglas Seidenburg, a director of First Bancshares Inc., reported the disposition of 102,484 shares of common stock due to the merger with Renasant Corporation on April 1, 2025.

Proxy Statements (Def-14A)

Renasant Corporation and The First Bancshares, Inc. have entered into a definitive agreement for Renasant to acquire FBMS in an all-stock transaction, aiming to expand their banking footprint across the Southeast.
Capital raise
The First Bancshares, Inc. will hold its annual shareholder meeting virtually on May 23, 2024, to vote on director elections, executive compensation, a stock incentive plan amendment, and auditor ratification.
The First Bancshares, Inc. is holding its annual shareholder meeting virtually on May 23, 2024, to vote on director elections, executive compensation, an amendment to the stock incentive plan, and the ratification of the accounting firm.
Worse than expected

Schedule 13G - Passive Investments

Dimensional Fund Advisors LP files Schedule 13G, disclosing a 5.1% beneficial ownership stake in First Bancshares Inc/The as of December 31, 2024.