First Bancshares Q2 FY26 net income rises 17.11% to $2.14 million
FBSI•Q2 net income and earnings rise
- 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.
- Net interest margin held at 4.76%, while the efficiency ratio edged up to 56% due to acquisition expenses.
Balance sheet growth and branch acquisition
- 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.
