First Bancshares Inc. reported earnings results for the second quarter and six months ended December 31, 2009. For the quarter, the company reported net income of $47,000 or $0.03 per basic and diluted share on net interest income of $1,642,000 against net loss of $3,005,000 or $1.94 per basic and diluted share on net interest income of $1,818,000 for the same period a year ago. Income before income tax of $155,000 compared to loss before income tax of $3,967,000 a year ago. The increase in net income when compared to the prior year is attributable primarily to the absence of a $51,000 negative provision for loan losses in the quarter ended December 31, 2009, compared to a provision of $4,200,000 million in the quarter ended December 31, 2008. Net interest income decreased by $176,000 compared to the prior year. This was the result of a decrease of $721,000, or 22.4%, in interest income from $3,200,000 in the quarter ended December 31, 2008 to $2,500,000 in the quarter ended December 31, 2009. For the six months, the company reported net income of $246,000 or $0.16 per basic and diluted share on net interest income of $3,367,000 against net loss of $2,760,000 or $1.78 per basic and diluted share on net interest income of $3,728,000 for the same period a year ago. Income before income tax of $496,000 compared to loss before income tax of $3,606,000 a year ago. The increase in net income attributable primarily to the absence of a provision for loan losses in the 2009 period compared to a provision of $4,400,000 in the 2008 period. The decrease in net interest income was the result of a decrease of $1,500,000, or 22.2%, in interest income from $6,600,000 in the six months ended December 31, 2008 to $5,200,000 in the six months ended December 31, 2009.

First Bancshares Inc. reported earnings results for the first quarter ended September 30, 2009. For the quarter, the company reported net interest income of $1,724,000, income before income tax of $341,000 and net income of $199,000 or $0.13 per diluted share against net interest income of $1,910,000, income before income tax of $361,000 and net income of $245,000 or $0.16 per diluted share for the same period last year. Net interest income after provision for loan losses was $1,673,000 against $1,761,000 for the same period a year ago. The decrease in net income for the quarter ended September 30, 2009 when compared to the prior year is attributable to a decrease in net interest income, a decrease in non-interest income, which were partially offset by decreases in the provision for loan losses in non-interest expense and income tax expenses. The decrease in net interest income was the result of a decrease of $753,000, or 22.0%, in interest income from $3.4 million in the fiscal 2009 first quarter to $2.7 million in the fiscal 2010 first quarter. Book value per common share increased to $15.59 at September 30, 2009 from $15.32 at June 30, 2009.

First Bancshares Inc. announced earnings for the fourth quarter and full year ended June 30, 2009. For the quarter, the company had a net loss of $1.0 million or $0.66 per diluted share, compared to net income of $83 000 or $0.05 per diluted share for the comparable period in 2008. Net interest income decreased by $399,000, or 19.8%, to $1.6 million from $2.0 million during the quarter ended June 30, 2008. This decrease was the result of a decrease in interest income of $795,000, or 22.2%. The decrease in interest income was primarily the result of a significant decrease in market interest rates between the two periods. Total interest income was $2.8 million compared to $3.6 million a year ago. Loss before income tax was $1.6 million compared to $0.09 million a year ago. For the full year, the company's net loss was $4.0 million or $2.60 per diluted share, compared to net income of $363,000 or $0.23 per diluted share for the year ended June 30, 2008. The net losses for the quarter and full year were attributable to increases in the provision for loan losses and in non-interest expense, along with decreases in net interest income and non-interest income, which were partially offset by income tax benefits recorded during these periods. Net interest income decreased by $454,000, or 6.2%, to $6.9 million from $7.4 million during the year ended June 30, 2008. This decrease was the result of a decrease in interest income of $2.5 million, or 16.6%. Total interest income was $12.4 million compared to $14.8 million a year ago. Loss before income tax was $5.6 million compared to income before income tax of $0.43 million a year ago. Book value per common share decreased to $15.32 at June 30, 2009 from $17.47 at June 30, 2008.

First Bancshares, Inc. Announces Second Quarter Fiscal 2010 Results

First Bancshares, Inc. Announces Second Quarter Fiscal 2010 Results

FIRST BANCSHARES INC /MO/ Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and

FIRST BANCSHARES INC /MO/ Files SEC form 10-Q, Quarterly Report

FIRST BANCSHARES INC /MO/ Files SEC form 8-K, Other Events

FIRST BANCSHARES INC /MO/ Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Ex

FIRST BANCSHARES INC /MO/ Files SEC form 8-K, Other Events, Financial Statements and Exhibits

FIRST BANCSHARES INC /MO/ Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and

First Bancshares, Inc. Announces Fourth Quarter Fiscal 2009 Results

First Bancshares, Inc. Announces Annual Meeting Results

FIRST BANCSHARES INC /MO/ Files SEC form 10-K, Annual Report

FIRST BANCSHARES INC /MO/ Files SEC form 10-Q, Quarterly Report

First Bancshares, Inc. Announces First Quarter Fiscal 2010 Results

FIRST BANCSHARES INC /MO/ Files SEC form 8-K, Other Events, Financial Statements and Exhibits

FIRST BANCSHARES INC /MO/ Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and