First Bancshares, Inc. Announces First Quarter 2011 EPS of $(0.04)

First Bancshares, Inc. FBSI today announced earnings for the first quarter of its fiscal year ending June 30, 2011. For the quarter ended September 30, 2010, the Company had a net loss of $(66,000), or $(0.04) per share – diluted, compared to net income of $199,000, or $0.13 per share – diluted for the comparable period in 2009. Net interest income decreased by $177,000 to $1.5 million during the quarter ended September 30, 2010 compared to $1.7 million for the same period in the prior year. The decrease was the result of a decrease in interest income of $460,000, or 17.3%, to $2.2 million during the quarter ended September 30, 2010 from $2.7 million during the comparable quarter in 2009