The First Bancshares, Inc. Reports Impressive Q1 2023 Net Income of $16.3 Million
Company Achieves Robust Q1 2023 Revenue of $80.3 Million
By USInMinutes
Published - Jul 31, 2023, 02:37 PM ET
Last Updated - Jul 31, 2023, 02:37 PM EDT
The First Bancshares, Inc.(FBMS) released its Q1 2023 financial statements, reporting remarkable growth in net income and revenue. The consolidated balance sheets and statements of income showcased the company's strong financial performance during the first quarter of 2023.
Net Income Soars to $16.3 Million in Q1 2023
The First Bancshares, Inc. demonstrated a significant surge in net income for the first quarter of 2023, reaching an impressive $16.3 million. This marked an increase from the previous year's Q1 net income of $16.8 million. The company's strategic financial decisions and prudent management played a pivotal role in achieving this noteworthy growth.
Revenue Reaches $80.3 Million in Q1 2023
