First Bancshares Q2 FY26 net income rises 17.11% to $2.14 million

Reuters2026/07/24 22:15

By:Reuters

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The First Bancshares posted Q2 net income of $2.14 million, up 17.11% from a year earlier; diluted EPS rose to $0.89.
Net interest income climbed 14.48% to $6.86 million, while provision for credit losses increased to $369,000.
Total assets grew 19.20% to $648.54 million since June 30, 2025, while deposits increased 20.62% to $564.93 million.
Stockmens Bank completed an acquisition of a Westcliffe, Colorado branch, expanding the balance sheet by about $51 million with organic capital and no debt use.
Net interest margin held at 4.76%, while the efficiency ratio edged up to 56% due to acquisition expenses.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The First Bancshares Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607241815PRIMZONEFULLFEED9768048) on July 24, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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First Bancshares Q2 FY26 net income rises 17.11% to $2.14 million

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