First Bancshares, Inc. (OTCQX: FBSI), the holding company for Stockmens Bank, has announced an annual cash dividend of $0.40 per share for its outstanding common stock. This decision was made by the Board of Directors and reflects the company’s ongoing commitment to providing returns to its shareholders. The dividend is set to be paid on April 15, 2025, to shareholders recorded as of the close of business on April 1, 2025.
First Bancshares operates Stockmens Bank, a commercial bank that is insured by the FDIC and chartered in Colorado. The bank’s headquarters is located in Colorado Springs, Colorado, and it has expanded its reach with eight full-service branches across Missouri cities, including Mountain Grove, Marshfield, and Springfield, as well as additional locations in Akron, Colorado, and Bartley, Nebraska.
The announcement of the dividend comes at a time when First Bancshares has demonstrated solid financial performance. For the year ended December 31, 2024, the company reported an after-tax net income of approximately $6.58 million or $2.71 per diluted share. This reflects a consistent growth trajectory and a robust operational framework that positions the bank for future success.
In its recent financial disclosures, First Bancshares reported an increase in total loans and deposits. The bank’s total assets remained stable at around $537.89 million as of December 31, 2024. Notably, net loans rose to $423.66 million while total deposits increased to $472.60 million.
The company’s performance metrics indicate a strong return on average assets at 1.34% and a return on average equity at 12.56%. Such figures underscore the bank’s efficiency and profitability within a competitive landscape.
Looking ahead to 2025, First Bancshares is poised for strategic growth. The company has maintained healthy liquidity and leverage ratios of 14.65% and 10.97%, respectively. These ratios are critical indicators of financial health and capacity for expansion.
The board’s decision to declare a cash dividend aligns with its strategy to enhance shareholder value while continuing to invest in growth opportunities within its markets. The upcoming dividend payment not only rewards existing shareholders but also signals confidence in the bank’s future performance.
As First Bancshares continues to navigate the complexities of the banking sector, its commitment to returning value to shareholders through dividends reinforces its position as a reliable investment choice. With a solid foundation and proactive management strategies in place, First Bancshares is well-equipped to meet the challenges of an evolving financial landscape while delivering consistent returns to its shareholders.
