First Bancshares, Inc. · OTC:FIBH
First Bancshares — Investor Presentation (May 2020)
16 slides from First Bancshares's investor presentation, May 28, 2020
Slide 1: 2019 Annual Report
ASSETS 2019 $ 3,941,863,000 2009 $477,552,269 2019 2009 3.9 3.1 2.6 78 BILLION DOLLARS BILLION DOLLARS BILLION DOLLARS 478 MILLION DOLLARS 384 MILLION DOLLARS 315 MILLION DOLLARS 10 DEPOSITS 2019 $ 3,076,533,000 2009 $ 383,753,904 LOANS (EXCLUDES HELD FOR SALE) 2019 $ 2,600,358,000 2009 $ 315,102,56
Slide 2: Forward Looking Statements
2 Forward Looking Statements This slide presentation and certain of our other filings with the Securities and Exchange Commission contain statements that co nstitute “forward - looking statements” within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as
Slide 3: Overview of The First Bancshares, Inc.
Overview of The First Bancshares, Inc. 3 Bank Headquartered in Hattiesburg, MS in 1996 76 Locations in Southeast: MS, LA, AL, FL & GA Revenues of $156.6 Million LTM Assets of $4.1 Billion at March 31, 2020 4 th Largest Bank Headquartered in Mississippi # of Employees – 695 Stock Traded on Nasdaq – S
Slide 4: Franchise Footprint
Franchise Footprint FBMS Branch (68) SGB (8) FBMS LPO (2) FFB (6)
Slide 5: Organic and Acquisitive Growth
New Orleans Mobile Baton Rouge Jackson Tallahassee Montgomery Shreveport Columbus $503 $500 $540 $571 $647 $698 $830 $986 $1,080 $1,184 $1,304 $181 $181 $370 $447 $447 $447 $827 $1,924 $2,758 $2,758 $681 $721 $941 $1,094 $1,145 $1,277 $1,813 $3,004 $3,942 $4,062 $0 $600 $1,200 $1,800 $2,400 $3,000 $
Slide 6: Historical Financial Performance
Historical Financial Performance Ninth Year of Record Earnings 6 $2.5 $3.6 $4.2 $6.3 $8.5 $9.7 $10.6 $21.2 $43.7 $7.6 $8.3 $2.0 $6.0 $10.0 $14.0 $18.0 $22.0 $26.0 $30.0 $34.0 $38.0 $42.0 $46.0 2011 2012 2013 2014 2015 2016 2017 2018 2019 1Q19 1Q20 $2.58 $1.62 $0.82 $1.16 $0.96 $1.19 $1.55 $1.57 $1.1
Slide 7: Building Franchise Value: Three Acquisitions Closed 2019-20
7 FPB Financial Corp. Hammond MSA First Florida Bancorp, Inc. Destin MSA Southwest Georgia Financial Corp. Moultrie The First Gained Date Closed March 2, 2019 November 1, 2019 April 3 , 2020 Branches 7 6 8 21 Purchase Price Cash & Stock: $86.1M Cash & Stock: $84.3M Cash & Stock: $47.9M -- Assets $38
Slide 8: Balance Sheet Composition by State
Mississippi 73% Alabama 23% Louisiana 4% Mississippi 100% Balance Sheet Composition by State 8 2015 Deposits by State March 31, 2020 Deposits by State Source : S&P Global Market Intelligence and Company Documents 2009 and 2015 data as of June 30 2015 Loans by State March 31, 2020 Loans by State 2009
Slide 9: Overview of Potential Whole Bank Opportunities
27 3 26 40 24 13 6 16 8 7 3 4 5 47 3 35 60 37 0 20 40 60 80 AL FL GA LA MS Number of Opportunities $200 mm - $500 mm $500 mm - $1.0 bn $1.0 bn - $2.0 bn Banks: $200 mm - $500 mm Banks: $500 mm - $1.0 bn Banks: $1.0 bn - $2.0 bn 9 Overview of Potential Whole Bank Opportunities Source: S&P Global Mark
Slide 10: FBMS Performance vs. Peers
10.4% 8.3% 28.8% Public Peers All Peers FBMS FBMS Performance vs. Peers 10 Universe of Nationwide Banking Institutions With Assets Between $1.0bn and $5.0bn 5 - Year Asset CAGR Projected 2021 PTPP ROAA Source : S&P Global Market Intelligence; FactSet Data as of 3/31/20 Excludes merger targets * Defi
Slide 11: FBMS Performance vs. Peers
63% 124% 181% SNL Southeast U.S. Bank SNL U.S. Bank $1B-$5B FBMS 154% 194% 214% SNL Southeast U.S. Bank SNL U.S. Bank $1B-$5B FBMS FBMS Performance vs. Peers 11 Source: S&P Global Market Intelligence Data as of 5/18/20 Note: Total return includes reinvestment of dividends 15 - Year Total Return 10 -
Slide 12: Shareholder Value and Return
12 Shareholder Value and Return 0.00 50.00 100.00 150.00 200.00 250.00 300.00 2014 2015 2016 2017 2018 2019 Comparison of 5 Year Cumulative Total Return Assumes Initial Investment of $100 December 2019 First Bancshares, Inc NASDAQ Composite-Total Returns NASDAQ OMX Banks Index
Slide 13: Response to Covid
13 Response to Covid - 19 Enacted the Pandemic section of our internal Business Continuity Plan Informed employees of CDC and internal recommendations, procedures and protocols concerning: social distancing, business travel, sanitation and disinfection; weekly system wide calls to re - enforce proce
Slide 14: Response to Covid - Continued
14 Response to Covid - 19 Continued Moved as many as practical employees to work by remote access Rotated access as much as practical for employees who’s function could not be performed remotely Provided lunch daily to on site personnel to limit their off premise exposure during the day; rotate purc
Slide 15: SBA Paycheck Protection Program
SBA Paycheck Protection Program Data as of 5/18/20
Slide 16: The First Bancshares, Inc.
TheFirst BANCSHARES, INC. NASDAQ: FBMS