The First Bancshares (FBMS) Tops Q3 Earnings Estimates
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 24 2024
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Source: NASDAQ.COM
Earnings Performance: The First Bancshares (FBMS) reported quarterly earnings of $0.65 per share, exceeding estimates but down from $0.76 a year ago; revenues were $71.26 million, missing expectations and also lower than the previous year's $80.03 million.
Market Outlook: Despite a 10.3% increase in shares this year, FBMS is expected to perform in line with the market according to its Zacks Rank #3 (Hold), while industry conditions remain challenging as the Banks - Southeast sector ranks in the bottom 33% of Zacks industries.
Analyst Views on RRBI
About RRBI
Red River Bancshares, Inc. is the bank holding company for Red River Bank (the Bank). The Bank is a Louisiana state-chartered bank that provides a fully integrated suite of banking products and services tailored to the needs of commercial and retail customers. The Bank operates from a network of approximately 28 banking centers throughout Louisiana and one combined loan and deposit production office in New Orleans, Louisiana. It targets privately-owned commercial and industrial operating companies for both credit and treasury management services, while also providing owners and employees with the same customized, personal service for their individual financial needs. It offers a range of deposit products, including checking, savings, money market accounts, and time deposits. It offers real estate loans, commercial and industrial loans, tax-exempt loans, consumer loans, and loans held for sale. It also offers online banking services, night deposits, telephone, mail, and mobile banking.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
