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.
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