The First Bancshares, Inc. - Common Stock (FBMS)

Competitors to The First Bancshares, Inc. - Common Stock (FBMS)

BancorpSouth Bank

BancorpSouth Bank competes with The First Bancshares on similar fronts by offering a wide array of banking services including commercial, retail banking, and insurance products within the same geographic region. BancorpSouth's significant scale advantages and considerable capital resources allow it to invest in technology and customer service platforms at a level that smaller competitors, including The First Bancshares, may find challenging to match. Consequently, BancorpSouth holds a competitive edge because of its larger operational infrastructure.

Community Bank System, Inc. 

Community Bank System, Inc. operates in many overlapping markets with The First Bancshares, offering similar financial services such as banking, insurance, and investment management. Community Bank System differentiates itself through its extensive product range and strong brand recognition, which helps to build customer loyalty and attract new clients. Its competitive advantage comes from its ability to provide comprehensive financial solutions to a diverse clientele, although The First Bancshares focuses more on community relationships.

Peoples Bank & Trust Company

Peoples Bank & Trust Company positions itself as a community bank focusing on personalized customer service, akin to The First Bancshares. The two compete in providing local banking services, but Peoples Bank & Trust has a longer established presence in certain local markets, giving it a slight edge in customer familiarity and trust. Its competitive strategy revolves around maintaining close ties with community members and tailoring products to individual client needs.

Trustmark Corporation 

Trustmark Corporation competes with The First Bancshares, Inc. primarily in the southeastern United States, offering a similar range of financial services including commercial and consumer banking, mortgages, and wealth management. Both companies aim to attract local customers with personalized service, but Trustmark, due to its larger size and wider branch network, often has the advantage of enhanced technology and resources which can attract a broader customer base.