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., Annual General Meeting, Oct 22, 2009, at 13:00 US Central Time. Location: Days Inn, 300 East 19th Street, Mountain Grove, Missouri,United States. Agenda: To consider election of two directors to serve until the 2012 annual meeting of stockholders .

First Bancshares Inc. reported earnings results for the third quarter and nine months ended March 31, 2009. For the quarter, the company had a net loss of $243 000, or $0.16 per basic and diluted share, compared to a net loss of $32,000, or $0.02 per basic and diluted share for the comparable period in 2008. The loss in the third quarter of fiscal 2009 compared to the loss for the third quarter of fiscal 2008 was primarily attributable to a decrease in net interest income of $299,000 and a $215,000 increase in the provision for loan losses between the quarters. These items were partially offset an increase of $14,000 in non-interest income, a decrease of $93,000 in non-interest expense between the periods, and by the income tax benefit recorded in the 2009 period compared to an income tax expense in the 2008 period. Net interest income decreased by $299,000 during the quarter ended March 31, 2009 compared to the prior year. This was the result of a decrease of $747,000, or 20.2%, in interest income from $3.7 million in the third quarter of fiscal 2008 to $2.9 million in the comparable quarter of fiscal 2009, which was partially offset by a decrease of $448,000, or 24.7%, in interest expense from $1.8 million in the fiscal 2008 quarter to $1.4 million in the fiscal 2009 quarter. The decrease in interest income was the result of a decrease in the average yield on interest-earning assets from 6.63% in the 2008 period to 5.41% in the 2009 period, and by a decrease in the average balance of interest-earning assets of $5.2 million from $223.3 million in 2008 to $218.1 in 2009. Total interest income was $3 million against $3.7 million a year ago. Loss before income tax was $0.4 million against income before income tax of $0.07 million reported a year ago. For the nine months ended March 31, 2009, the company had a net loss of $3.0 million, or $1.94 per basic and diluted share, compared to net income of $280,000, or $0.18 per basic and diluted share for the comparable period in 2008. The loss in the first nine months of fiscal 2009 compared to the net income in the first nine months of fiscal 2008 was primarily attributable to a $5.0 million provision for loan losses in the 2009 period compared to a provision of $428,000 in the 2008 period. Net interest income decreased by $55,000 during the nine months ended March 31, 2009 compared to the prior year. This was the result of a decrease of $1.7 million, or 14.8%, in interest income from $11.2 million in the first nine months of fiscal 2008 to $9.6 million in the first nine months of fiscal 2009. This was partially offset by a decrease of $1.6 million, or 27.4%, in interest income from $5.9 million in the fiscal 2008 period to $4.3 million in the fiscal 2009 period. Total interest income was $9.6 million against $11.2 million a year ago. Book value per common share decreased to $16.01 at March 31, 2009 from $17.47 at June 30, 2008. Loss before income tax was $4.0 million against income before income tax of $0.5 million reported a year ago.