The First Bank - M&A Summary and Business Overview

Financial ServicesCompany

The First Bank M&A Summary

The First Bank has acquired 12 companies, including 4 in the last 5 years.

The First Bank’s largest acquisition to date was in 2022, when it acquired Beach Bancorp for $117M. The First Bank has acquired in 6 different US states. The Company’s most targeted sectors include financial services (100%).

The First Bank Business Overview

Where is The First Bank headquartered?

The First Bank is headquartered in Hattiesburg, Mississippi.

What is The First Bank’s revenue?

The First Bank disclosed revenue of 290M USD for 2023 and 211M USD for 2022.

What sector is The First Bank in?

The First Bank is a financial services company.

When was The First Bank founded?

The First Bank was founded in 1995.

M&A Summary

  • M&A Total Activity12
    • M&A Buy Activity12
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2
  • M&A Advisors 7

The First Bank

The First Bancshares, Inc.

6480 U.S. Highway 98 West,
Hattiesburg, Mississippi 39402
United States,
(601) 268-8998
www.thefirstbank.com

The First Bank is a provider of financial services. The First Bank was founded in 1995 and is based in Hattiesburg, Mississippi.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 9 - 1 2 - - 12
vol $243M $117M $360M
Sell (0.0/yr) # - - - - - - 0
  12

Most Recent M&A

Company Date Value Type
Heritage Southeast Bancorporation, Inc. 2022-12-12 - Merger
Hinesville, Georgia · www.the-heritage-bank.com
Beach Bancorp, Inc. 2022-04-26 117M USD Add-on Acquisition
Fort Walton Beach, Florida · www.beach.bank
Cadence Bank - Seven Branches 2021-09-02 - Divestiture
Houston, Texas
First Florida Bancorp, Inc. 2019-07-22 85M USD Merger
Destin, Florida · www.firstflbank.com
Florida Parishes Bank 2018-11-06 86M USD Merger
Hammond, Louisiana · www.bankfpb.com
Sunshine Financial, Inc. 2017-12-06 32M USD Add-on Acquisition
Tallahassee, Florida · www.sunshinesavingsbank.com
Southwest Banc Shares, Inc. 2017-10-24 - Add-on Acquisition
San Antonio, Texas
Iberville Bank 2016-10-14 31M USD Divestiture
Plaquemine, Louisiana · www.ibervillebank.com
Gulf Coast Community Bank 2016-10-14 2M USD Add-on Acquisition
Gulf Breeze, Florida · www.mygulfbank.com
The Mortgage Connection LLC 2015-11-19 - Add-on Acquisition
Jackson, Mississippi · www.tmchomeloans.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 12 (100%) 360M (100%) - -
Total 12 $360M - -

By Geo

State/Country Buy Value Sell Value
United States 12 360M - -
  Florida 4 236M - -
  Texas 2 - - -
  Louisiana 2 117M - -
  Alabama 2 7M - -
  Mississippi 1 - - -
  Georgia 1 - - -
Total 12 $360M - -

Top M&A Advisors

Financial Deals
Performance Trust Capital Partners LLC
 2
Keefe, Bruyette, & Woods, Inc.
 2
Hovde Group LLC
 2
Legal Deals
Alston & Bird
 5
Jones Walker
 3

Deal Values

buy # Total
$100M to $1B 1 $117M
< $100M 6 $243M
TOTAL $360M
Largest Beach Bancorp, Inc.
$117M (2022-04-26)

M&A Connections

Deals
Acquired from
Strategic(s)
17%
2 (17%)

Company Summary

SECTOR

Financial Services

Revenue

290   38% 2023
211   12% 2022
190   4% 2021
183   26% 2020
146   44% 2019
102   42% 2018
72   2017
(millions of USD) Show More Show Less

Established

1995

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Related Lists for The First Bank

Mississippi Companies , Financial Services Companies , United States Companies , Mississippi Financial Services Companies , Mississippi Financial Services with Acquisitions , Mississippi Financial Services with Divestitures

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