First Bancshares Missouri Q1 net income rises on strong loan growth
FIRST BANCSHARES INC FBSI | 0.00 |
Overview
U.S. bank holding company reported higher Q1 net income and EPS yr/yr
Loan balances grew 20.4% and deposits rose 6.2% from a year earlier
Company deployed capital to open new branch in Hugo, Colorado, with another planned for Q2
Outlook
Company anticipates opening a new branch in Q2 2026 as part of growth strategy
Company says sustaining recent momentum will be challenging amid competitive environment
Result Drivers
NET INTEREST MARGIN - Co said net interest margin remained near 4.9%, supporting profitability
LOAN AND DEPOSIT GROWTH - Co cited 20.4% loan growth and 6.2% deposit growth yr/yr as supporting results
COMPETITIVE PRESSURES - Co said it managed to overcome significant pressure in its markets related to liquidity and interest rate pricing on loans and deposits
Company press release: ID:nGNX5XTJRj
Key Details
Metric |
Beat/Miss |
Actual |
Consensus Estimate |
Q1 EPS |
|
$0.88 |
|
Q1 Net Income |
|
$2.1 mln |
|
Q1 Net Interest Income |
|
$6.7 mln |
|
Q1 Pretax Profit |
|
$2.8 mln |
|
Q1 Provision for Loan Losses |
|
$303,000 |
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