First Bancshares Q4 net income up

The First Bancshares, Inc., a holding company of First Home Savings Bank, has reported that net income applicable to common shareholders for the fourth quarter ended December 31, 2012 was $1.06 million, or $0.34 per diluted share, compared to $869,000, or $0.28 per diluted share, for the same quarter ended December 31, 2011.

Net interest income for the fourth quarter of 2012 was $5.77 million, compared to $5.58 million for the same quarter of 2011.

Net income applicable to common shareholders for the year ended December 31, 2012 was $3.62 million, or $1.16 per diluted share, compared to $2.53 million, or $0.82 per diluted share, for the year ended December 31, 2011.

Net interest income for the year ended December 31, 2012 was $22.19 million, compared to $19.08 million for the year ended December 31, 2011.

M. Ray "Hoppy" Cole, President & CEO, commented, "We are pleased to report that our Company achieved record net income during 2012. Our record performance is the result of the dedication and commitment of our team members and the support of our local communities. We believe the Company is well positioned for future growth and look forward to the opportunities available in 2013 to increase our shareholders value."