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 - -
  Louisiana 2 117M - -
  Alabama 2 7M - -
  Texas 2 - - -
  Georgia 1 - - -
  Mississippi 1 - - -
Total 12 $360M - -

Top M&A Advisors

Financial Deals
Keefe, Bruyette, & Woods, Inc.
 2
Hovde Group LLC
 2
Performance Trust Capital Partners 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

 Subscribe to unlock this and 208,055
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
1 Week Free Trial Learn More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.6K Private Equity Firms
  • 201K M&A Transactions
  • 203K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 81K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

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

Related Lists for Mississippi Companies

Largest Mississippi Companies , Acquisitive Mississippi Companies , Recently Acquired Mississippi Companies , Recently Sold Mississippi Companies , Private Mississippi Companies , Public Mississippi Companies , Acquired Mississippi Companies , PE Backed Mississippi Companies

Related Lists for Financial Services Companies

Largest Financial Services Companies , Acquisitive Financial Services Companies , Recently Acquired Financial Services Companies , Recently Sold Financial Services Companies , Private Financial Services Companies , Public Financial Services Companies , Acquired Financial Services Companies , PE Backed Financial Services Companies

Related Lists for United States Companies

Largest United States Companies , Acquisitive United States Companies , Recently Acquired United States Companies , Recently Sold United States Companies , Private United States Companies , Public United States Companies , Acquired United States Companies , PE Backed United States Companies
Mergr

Product

Company

Legal