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 183M USD for 2020 and 146M USD for 2019.

How many employees does The First Bank have?

The First Bank has 744 employees.

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
Keefe, Bruyette, & Woods, Inc.
2
Hovde Group LLC
2
Performance Trust Capital Partners LLC
2
Legal Deals
Alston & Bird LLP
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%)

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