{"success":true,"data":{"pressRelease":{"id":"165563","rtpr_id":"nGNX8BJBsY-20261009","ticker":"FBSI","exchange":"OTC","all_tickers":["FBSI"],"title":"First Bancshares, Inc. Announces Operating Results for the Quarter Ended September 30, 2026","author":"Globe Newswire","published_at":"2026-10-09T14:29:00.193Z","article_body":"MOUNTAIN GROVE, Mo., Oct. 09, 2026 (GLOBE NEWSWIRE) -- First Bancshares, Inc.\n(OTCQX: FBSI) (“Company”), the holding company for Stockmens Bank\n(“Bank”), today announced its unaudited financial results for the quarter\nended September 30, 2026.\n\nFor the third quarter of 2026, the Company reported after-tax net income of\n$2,559,000 or $1.05 per share-diluted compared to $2,008,000 or $0.83 per\nshare-diluted for the same period in 2025. For the nine months ended September\n30, 2026, net income was $6,814,000 or $2.82 per share-diluted, compared to\n$5,524,000 or $2.29 per share-diluted for the same period in 2025. Third\nquarter net income and earnings per share were Company records, marking the\nsixth consecutive quarter of record earnings and reflecting continued\nimprovement in core operations that began well before the recent expansion\nactivity. Net interest income increased 26.9% over the prior-year quarter on\nstrong loan growth. Interest expense increased only 7.0% despite 20.8% deposit\ngrowth, reducing cost of funds to 1.77% from 2.01% and expanding net interest\nmargin to 4.87% from 4.62%. The efficiency ratio improved to 56.7% for the\nfirst nine months of 2026 from 59.3% for the same period in 2025, despite\nacquisition-related expenses. With the Westcliffe, CO branch now contributing\na full quarter, the annualized after-tax return on assets rebounded to 1.53%\nfrom 1.37% in the second quarter, and the annualized after-tax return on\nequity rebounded to 14.18% from 12.38%. Both of those ratios exceed the 1.43%\nand 12.57% reported for the third quarter of 2025.\n\nSince September 30, 2025, consolidated total assets increased 19.8% to $685.7\nmillion and net loans receivable increased 25.0% to $582.2 million. The\ndeposit portfolio remains core in nature, with no brokered deposits, and grew\n20.8% to $596.0 million. Third quarter growth was organic, with net loans\nincreasing $34.3 million and deposits increasing $31.1 million from June 30,\n2026. Stockholders’ equity rose 16.6% to $75.1 million, which includes\napproximately $3.2 million of equity capital raised from the Company’s core\nshareholder group to support expansion into new markets, and the Company\ncontinues to carry no holding company debt.\n\nAsset quality remains at exceptionally low levels. Nonaccrual loans declined\n42.8% from a year ago to $831,000, or 0.14% of net loans, and loans past due\ntotaled $767,000, or 0.13% of net loans. The allowance for credit losses\nstands at 1.56% of loans, more than ten times the balance of nonaccrual loans,\nand the increase in the provision for credit losses reflects loan growth\nrather than credit deterioration. Together with the de novo branch in Hugo,\nColorado, the Westcliffe acquisition has expanded the Company’s Colorado\nfootprint and franchise value, while the third quarter results demonstrate the\nearnings capacity of the combined organization.\n\nThe Bank meets all regulatory requirements for “well-capitalized” status.\n\nAbout the Company\n\nFirst Bancshares, Inc. is the holding company for Stockmens Bank, an\nFDIC-insured, Colorado state-chartered commercial bank headquartered in\nColorado Springs. The bank operates full-service offices in Hugo, Akron, and\nWestcliffe, Colorado; Bartley, Nebraska; and eight Missouri communities:\nMountain Grove, Marshfield, Ava, Kissee Mills, Gainesville, Crane, Hartville,\nand Springfield.\n\nCautionary Note Regarding Forward-Looking Statements\n\nThe Company and its wholly owned subsidiary, Stockmens Bank, may from time to\ntime make written or oral “forward-looking statements” in its reports to\nshareholders, and in other communications by the Company, which are made in\ngood faith by the Company pursuant to the “safe harbor” provisions of the\nPrivate Securities Litigation Reform Act of 1995.\n\nThese forward-looking statements include statements with respect to the\nCompany’s beliefs, expectations, estimates and intentions that are subject\nto significant risks and uncertainties, and are subject to change based on\nvarious factors, some of which are beyond the Company’s control. Such\nstatements address the following subjects: future operating results; customer\ngrowth and retention; loan and other product demand; earnings growth and\nexpectations; new products and services; credit quality and adequacy of\nreserves; results of examinations by our bank regulators, technology, and our\nemployees. The following factors, among others, could cause the Company’s\nfinancial performance to differ materially from the expectations, estimates\nand intentions expressed in such forward-looking statements: the strength of\nthe United States economy in general and the strength of the local economies\nin which the Company conducts operations; the effects of, and changes in,\ntrade, monetary, and fiscal policies and laws, including interest rate\npolicies of the Federal Reserve Board; inflation, interest rate, market, and\nmonetary fluctuations; the timely development and acceptance of new products\nand services of the Company and the perceived overall value of these products\nand services by users; the impact of changes in financial services’ laws and\nregulations; technological changes; acquisitions; changes in consumer spending\nand savings habits; and the success of the Company at managing and collecting\nassets of borrowers in default and managing the risks of the foregoing. \n\nThe foregoing list of factors is not exclusive. The Company does not\nundertake, and expressly disclaims any intent or obligation, to update any\nforward-looking statement, whether written or oral, that may be made from time\nto time by or on behalf of the Company.\n\nContact:  Robert M. Alexander, Chairman and CEO - (719) 955-2800\n\n First Bancshares, Inc. and Subsidiaries \n Financial Highlights \n (unaudited) \n (In thousands, except per share amounts) \n \n \n Quarter Ended Nine Months Ended \n September 30, September 30, \n 2026 2025 2026 2025 \n Operating Data: \n \n Total interest income $ 10,611 $ 8,753 $ 28,746 $ 25,124 \n Total interest expense 2,673 2,499 7,263 7,220 \n Net interest income 7,938 6,254 21,483 17,904 \n Provision for credit losses 446 227 1,119 466 \n Net interest income after provision for credit losses 7,492 6,027 20,364 17,438 \n Gain (loss) on sale of investments - - 150 - \n Non-interest income 416 391 1,108 1,226 \n Non-interest expense 4,707 3,748 12,810 11,345 \n Income before taxes 3,201 2,670 8,812 7,319 \n Income tax expense 642 662 1,998 1,795 \n Net income $ 2,559 $ 2,008 $ 6,814 $ 5,524 \n \n Earnings per share $ 1.05 $ 0.83 $ 2.82 $ 2.29 \n \n At At At \n September 30, December 31, September 30, \n Financial Condition Data: 2026 2025 2025 \n \n Cash and cash equivalents (excludes CDs) $ 57,554 $ 20,879 $ 62,891 \n Investment securities (includes CDs) 7,198 10,605 12,149 \n Loans receivable, net 582,219 501,445 465,821 \n Goodwill and intangibles 6,366 1,431 1,431 \n Total assets 685,651 564,556 572,251 \n Deposits 596,008 484,872 493,195 \n Repurchase agreements 1,577 1,162 1,100 \n Borrowings 7,500 7,500 7,500 \n Stockholders' equity 75,134 66,188 64,423 \n Book value per share $ 29.82 $ 27.43 $ 26.55 \n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX8BJBsY-20261009","title":"First Bancshares, Inc. Announces Operating Results for the Quarter Ended September 30, 2026","author":"Globe Newswire","ticker":"FBSI","created":"2026-10-09T14:29:00.193Z","tickers":["FBSI"],"exchange":"OTC","article_body":"MOUNTAIN GROVE, Mo., Oct. 09, 2026 (GLOBE NEWSWIRE) -- First Bancshares, Inc.\n(OTCQX: FBSI) (“Company”), the holding company for Stockmens Bank\n(“Bank”), today announced its unaudited financial results for the quarter\nended September 30, 2026.\n\nFor the third quarter of 2026, the Company reported after-tax net income of\n$2,559,000 or $1.05 per share-diluted compared to $2,008,000 or $0.83 per\nshare-diluted for the same period in 2025. For the nine months ended September\n30, 2026, net income was $6,814,000 or $2.82 per share-diluted, compared to\n$5,524,000 or $2.29 per share-diluted for the same period in 2025. Third\nquarter net income and earnings per share were Company records, marking the\nsixth consecutive quarter of record earnings and reflecting continued\nimprovement in core operations that began well before the recent expansion\nactivity. Net interest income increased 26.9% over the prior-year quarter on\nstrong loan growth. Interest expense increased only 7.0% despite 20.8% deposit\ngrowth, reducing cost of funds to 1.77% from 2.01% and expanding net interest\nmargin to 4.87% from 4.62%. The efficiency ratio improved to 56.7% for the\nfirst nine months of 2026 from 59.3% for the same period in 2025, despite\nacquisition-related expenses. With the Westcliffe, CO branch now contributing\na full quarter, the annualized after-tax return on assets rebounded to 1.53%\nfrom 1.37% in the second quarter, and the annualized after-tax return on\nequity rebounded to 14.18% from 12.38%. Both of those ratios exceed the 1.43%\nand 12.57% reported for the third quarter of 2025.\n\nSince September 30, 2025, consolidated total assets increased 19.8% to $685.7\nmillion and net loans receivable increased 25.0% to $582.2 million. The\ndeposit portfolio remains core in nature, with no brokered deposits, and grew\n20.8% to $596.0 million. Third quarter growth was organic, with net loans\nincreasing $34.3 million and deposits increasing $31.1 million from June 30,\n2026. Stockholders’ equity rose 16.6% to $75.1 million, which includes\napproximately $3.2 million of equity capital raised from the Company’s core\nshareholder group to support expansion into new markets, and the Company\ncontinues to carry no holding company debt.\n\nAsset quality remains at exceptionally low levels. Nonaccrual loans declined\n42.8% from a year ago to $831,000, or 0.14% of net loans, and loans past due\ntotaled $767,000, or 0.13% of net loans. The allowance for credit losses\nstands at 1.56% of loans, more than ten times the balance of nonaccrual loans,\nand the increase in the provision for credit losses reflects loan growth\nrather than credit deterioration. Together with the de novo branch in Hugo,\nColorado, the Westcliffe acquisition has expanded the Company’s Colorado\nfootprint and franchise value, while the third quarter results demonstrate the\nearnings capacity of the combined organization.\n\nThe Bank meets all regulatory requirements for “well-capitalized” status.\n\nAbout the Company\n\nFirst Bancshares, Inc. is the holding company for Stockmens Bank, an\nFDIC-insured, Colorado state-chartered commercial bank headquartered in\nColorado Springs. The bank operates full-service offices in Hugo, Akron, and\nWestcliffe, Colorado; Bartley, Nebraska; and eight Missouri communities:\nMountain Grove, Marshfield, Ava, Kissee Mills, Gainesville, Crane, Hartville,\nand Springfield.\n\nCautionary Note Regarding Forward-Looking Statements\n\nThe Company and its wholly owned subsidiary, Stockmens Bank, may from time to\ntime make written or oral “forward-looking statements” in its reports to\nshareholders, and in other communications by the Company, which are made in\ngood faith by the Company pursuant to the “safe harbor” provisions of the\nPrivate Securities Litigation Reform Act of 1995.\n\nThese forward-looking statements include statements with respect to the\nCompany’s beliefs, expectations, estimates and intentions that are subject\nto significant risks and uncertainties, and are subject to change based on\nvarious factors, some of which are beyond the Company’s control. Such\nstatements address the following subjects: future operating results; customer\ngrowth and retention; loan and other product demand; earnings growth and\nexpectations; new products and services; credit quality and adequacy of\nreserves; results of examinations by our bank regulators, technology, and our\nemployees. The following factors, among others, could cause the Company’s\nfinancial performance to differ materially from the expectations, estimates\nand intentions expressed in such forward-looking statements: the strength of\nthe United States economy in general and the strength of the local economies\nin which the Company conducts operations; the effects of, and changes in,\ntrade, monetary, and fiscal policies and laws, including interest rate\npolicies of the Federal Reserve Board; inflation, interest rate, market, and\nmonetary fluctuations; the timely development and acceptance of new products\nand services of the Company and the perceived overall value of these products\nand services by users; the impact of changes in financial services’ laws and\nregulations; technological changes; acquisitions; changes in consumer spending\nand savings habits; and the success of the Company at managing and collecting\nassets of borrowers in default and managing the risks of the foregoing. \n\nThe foregoing list of factors is not exclusive. The Company does not\nundertake, and expressly disclaims any intent or obligation, to update any\nforward-looking statement, whether written or oral, that may be made from time\nto time by or on behalf of the Company.\n\nContact:  Robert M. Alexander, Chairman and CEO - (719) 955-2800\n\n First Bancshares, Inc. and Subsidiaries \n Financial Highlights \n (unaudited) \n (In thousands, except per share amounts) \n \n \n Quarter Ended Nine Months Ended \n September 30, September 30, \n 2026 2025 2026 2025 \n Operating Data: \n \n Total interest income $ 10,611 $ 8,753 $ 28,746 $ 25,124 \n Total interest expense 2,673 2,499 7,263 7,220 \n Net interest income 7,938 6,254 21,483 17,904 \n Provision for credit losses 446 227 1,119 466 \n Net interest income after provision for credit losses 7,492 6,027 20,364 17,438 \n Gain (loss) on sale of investments - - 150 - \n Non-interest income 416 391 1,108 1,226 \n Non-interest expense 4,707 3,748 12,810 11,345 \n Income before taxes 3,201 2,670 8,812 7,319 \n Income tax expense 642 662 1,998 1,795 \n Net income $ 2,559 $ 2,008 $ 6,814 $ 5,524 \n \n Earnings per share $ 1.05 $ 0.83 $ 2.82 $ 2.29 \n \n At At At \n September 30, December 31, September 30, \n Financial Condition Data: 2026 2025 2025 \n \n Cash and cash equivalents (excludes CDs) $ 57,554 $ 20,879 $ 62,891 \n Investment securities (includes CDs) 7,198 10,605 12,149 \n Loans receivable, net 582,219 501,445 465,821 \n Goodwill and intangibles 6,366 1,431 1,431 \n Total assets 685,651 564,556 572,251 \n Deposits 596,008 484,872 493,195 \n Repurchase agreements 1,577 1,162 1,100 \n Borrowings 7,500 7,500 7,500 \n Stockholders' equity 75,134 66,188 64,423 \n Book value per share $ 29.82 $ 27.43 $ 26.55 \n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-10-09T14:29:00.230878356Z","server_sent_at_ms":1791556140230},"received_at":"2026-10-09T14:29:00.323Z","source_url":null},"analysis":{"id":"153954","press_release_id":"165563","analysis_json":{"industry":{"label":"Banks","sector":"Financials"},"redFlags":["provision for credit losses nearly doubled YoY ($446K vs $227K), attributed to loan growth rather than credit deterioration","equity raise of ~$3.2 million from core shareholder group related to expansion"],"eventType":"earnings","narrative":"First Bancshares reported record Q3 2026 net income of $2,559,000, or $1.05 per diluted share, up from $2,008,000, or $0.83, a year earlier — its sixth consecutive quarter of record earnings.\n\nNet interest income rose 26.9% YoY on strong loan growth while the net interest margin expanded to 4.87% from 4.62%, and total assets grew 19.8% to $685.7 million with deposits up 20.8%.\n\nAsset quality remains strong with nonaccrual loans down 42.8% YoY to just 0.14% of loans, and the Bank meets all regulatory requirements for well-capitalized status following Colorado expansion via the Westcliffe acquisition and Hugo de novo branch.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Sixth straight record quarter for small-cap community bank with expanding NIM and pristine asset quality after Colorado expansion."},"keyFigures":{"eps":1.05,"epsBeat":0,"revenue":"$10,611 thousand total interest income (Q3 2026)","customDimensions":{"deposits":"$596.0 million","net_loans":"$582.2 million","total_assets":"$685.7 million","cost_of_funds":"1.77%","efficiency_ratio":"56.7%","nonaccrual_loans":"$831,000","return_on_assets":"1.53%","return_on_equity":"14.18%","net_income_q3_2026":"$2,559,000","net_interest_margin":"4.87%","book_value_per_share":"$29.82","net_income_yoy_growth":"27.4%","net_interest_income_growth":"26.9%"}},"quotedText":"Third quarter net income and earnings per share were Company records, marking the sixth consecutive quarter of record earnings","namedEntities":{"people":[{"name":"Robert M. 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Alexander","role":"Chairman and CEO"}],"products":[],"companies":[{"name":"First Bancshares, Inc.","ticker":"FBSI","relationship":"filer"},{"name":"Stockmens Bank","relationship":"wholly owned bank subsidiary"}],"dollarAmounts":[{"amount":"$2,559,000","context":"Q3 2026 after-tax net income"},{"amount":"$6,814,000","context":"nine-month 2026 net income"},{"amount":"$3.2 million","context":"equity capital raised from core shareholder group"},{"amount":"$685.7 million","context":"total assets at September 30, 2026"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-09T14:29:06.141Z","global_importance":25,"audience_relevance":12,"importance_components":{"tickerTier":"micro-cap OTCQX","eventGravity":"record quarterly earnings, no consensus comparison","sectorWeight":"regional banking","retailFavoriteBoost":0}},"durationMs":5807,"modelName":"glm-5.3-flashx"}}