FBMS Earnings Prediction
The chart below shows how FBMS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FBMS sees a -2.90% change in stock price 10 days leading up to the earnings, and a +3.77% change 10 days following the report. On the earnings day itself, the stock moves by +0.62%. This data can give you a slight idea of what to expect for the next quarter's release.
FBMS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
61.14M
-11.91%
0.79%
Gross Margin
--
--
--
Operating Margin
41.81%
-15.65%
-4.67%
Net Margin
32.22%
-5.95%
-5.26%
EPS
0.62
-17.33%
-4.62%
No Data Available
FBMS Earnings Analysis
The First Bancshares, Inc. Corporation (FBMS.O) Earnings Conference Call
Positive
The company showed significant loan growth in the second quarter, with loans growing by $111 million, up approximately 8.6% on an annualized basis. Additionally, loan originations were robust at about $450 million, indicating a healthy demand for financing.
Despite a slight decrease in net income, the company reported strong financial performance with pre-tax pre-provision income increasing by $800,000 or 2.9%. The core margin expanded by 9 basis points to 3.19%, showing improved operational efficiency and profitability.
The company maintained strong credit quality with only 4 basis points of net charge-offs and 3 basis points migration in NPAs. This demonstrates the company's effective risk management practices and commitment to maintaining a healthy loan portfolio.
The company's liquidity position remains robust, with ratios well above limits. The loan deposit ratio is at 79%, providing ample liquidity for future lending activities. Additionally, the company has significant cash flows coming off the securities book over the next four quarters, further strengthening its liquidity position.
Operational efficiencies were highlighted by the successful migration of legacy branches into a centralized consumer platform and the expansion of the small business platform. The company is on track to complete the 1071 implementation ahead of schedule by the end of the year, showcasing its focus on operational excellence and innovation.
Negative
- Net income was down slightly by $900,000 from the first quarter due to a $1.7 million provision expense associated with loan growth.
- Deposits decreased by $84.2 million in the quarter, with $38.3 million attributed to public funds, indicating a decrease in deposits throughout the year.
- Average yield on earning assets contracted slightly, and interest-bearing deposit costs increased by 1 basis point to 2.46%.
- Non-accruals increased by 5 basis points, and NPAs ticked up 4 basis points to 26 basis points, although still manageable levels.
- Classified loans as a percentage of capital plus ACL moved up by 47 basis points to 7.52%, although still manageable, indicating some movement in credit metrics.
FBMS FAQs
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FBMS Earning Call Sentiment
The First Bancshares, Inc. (FBMS) Q2 2024 Earnings Call Transcript
1.0x
00:00
00:00
FBMS.O
-1.16%Positive
The earnings call presents a mixed picture. Financial performance shows some growth in loans and core margin, but net income is down, and deposits are decreasing. The lack of a share repurchase program and potential regulatory scrutiny on CRE loans are concerns. The Q&A session reveals stable loan growth expectations and easing deposit cost pressures, but vague responses on M&A and public funds impact create uncertainty. These factors balance each other out, leading to a neutral sentiment rating for the stock price over the next two weeks.
