First Bancshares, Inc. Announces Operating Results for Quarter Ended September 30, 2025

MOUNTAIN GROVE, Mo., Oct. 08, 2025 (GLOBE NEWSWIRE) -- First Bancshares, Inc. (OTCQX: FBSI) (“Company”), the holding company for Stockmens Bank (“Bank”), today announced its unaudited financial results for the quarter ended September 30, 2025.

For the third quarter of 2025, the Company reported after-tax net income of $2,008,000 or $0.83 per share-diluted compared to $1,576,000 or $0.65 per share-diluted for the same period in 2024. Net income for the third quarter of 2025 represents an annualized after-tax return on assets of 1.43% and an annualized after-tax return on equity of 12.57%.

Since September 30, 2024, consolidated total assets increased 10.6% to $572.3 million, cash & cash equivalents increased 27.5% to $62.9 million, and net loans receivable increased 10.2% to $465.8 million. The deposit portfolio continues to be free from brokered deposits and grew 8.9% to $493.2 million, and stockholders’ equity increased 11.3% to $64.4 million.

During the third quarter of 2025, the Company continued its trend of improvement in every noteworthy category. Earnings ratios hit a Company record, deposit growth was derived from core relationship-based sources, excess liquidity was successfully deployed into high quality loan assets, asset quality improved to near-zero levels, and capital balances remain robust.

The Bank meets all regulatory requirements for “well-capitalized” status.

About the Company

First Bancshares, Inc. is the holding company for Stockmens Bank, a FDIC-insured commercial bank chartered by the State of Colorado that conducts business from its home office in Colorado Springs, Colorado, and eight full-service Missouri offices in Mountain Grove, Marshfield, Ava, Kissee Mills, Gainesville, Crane, Hartville and Springfield, and full-service offices in Bartley, Nebraska and Akron, Colorado.

Cautionary Note Regarding Forward-Looking Statements

The Company and its wholly owned subsidiary, Stockmens Bank, may from time to time make written or oral “forward-looking statements” in its reports to shareholders, and in other communications by the Company, which are made in good faith by the Company pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995.

These forward-looking statements include statements with respect to the Company’s beliefs, expectations, estimates and intentions that are subject to significant risks and uncertainties, and are subject to change based on various factors, some of which are beyond the Company’s control. Such statements address the following subjects: future operating results; customer growth and retention; loan and other product demand; earnings growth and expectations; new products and services; credit quality and adequacy of reserves; results of examinations by our bank regulators, technology, and our employees. The following factors, among others, could cause the Company’s financial performance to differ materially from the expectations, estimates and intentions expressed in such forward-looking statements: the strength of the United States economy in general and the strength of the local economies in which the Company conducts operations; the effects of, and changes in, trade, monetary, and fiscal policies and laws, including interest rate policies of the Federal Reserve Board; inflation, interest rate, market, and monetary fluctuations; the timely development and acceptance of new products and services of the Company and the perceived overall value of these products and services by users; the impact of changes in financial services’ laws and regulations; technological changes; acquisitions; changes in consumer spending and savings habits; and the success of the Company at managing and collecting assets of borrowers in default and managing the risks of the foregoing.

The foregoing list of factors is not exclusive. The Company does not undertake, and expressly disclaims any intent or obligation, to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company.

Contact: Robert M. Alexander, Chairman and CEO - (719) 955-2800

First Bancshares, Inc. and Subsidiaries
Financial Highlights
(unaudited)
(In thousands, except per share amounts)


		Quarter Ended				Nine Months Ended
		September 30,				September 30,
			2025		2024		2025		2024
Operating Data:

Total interest income		$	8,753	$	8,220	$	25,124	$	24,374
Total interest expense			2,499		2,748		7,220		8,234
	Net interest income		6,254		5,472		17,904		16,140
Provision for credit losses			227		200		466		543
	Net interest income after provision for credit losses		6,027		5,272		17,438		15,597
Gain (loss) on sale of investments			-		-		-		-
Non-interest income			391		435		1,226		1,221
Non-interest expense			3,748		3,609		11,345		10,366
Income before taxes			2,670		2,098		7,319		6,452
Income tax expense			662		522		1,795		1,593
	Net income	$	2,008	$	1,576	$	5,524	$	4,859

	Earnings per share	$	0.83	$	0.65	$	2.29	$	2.00

		At		At		At
		September 30,		December 31,		September 30,
Financial Condition Data:			2025	2024		2024

Cash and cash equivalents		$	62,891	$	68,570	$	49,348
	(excludes CDs)	$	62,891	$	68,570	$	49,348
Investment securities			12,149		13,066		13,137
	(includes CDs)		12,149		13,066		13,137
Loans receivable, net			465,821		423,657		422,687
Goodwill and intangibles			1,431		1,515		1,550
Total assets			572,251		537,885		517,648
Deposits			493,195		472,596		453,002
Repurchase agreements			1,100		1,084		1,952
Borrowings			7,500		-		-
Stockholders' equity			64,423		59,562		57,895
Book value per share		$	26.55	$	24.53	$	23.85

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