The First, A National Banking Association (FBMS) 2017年年度报告「NASDAQ」.pdf

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1、Just the Bank-for the Gulf South!2 0 1 7 A N N U A L R E P O R TCMYCMMYCYCMYKThe First 2017 AR Cover_FINAL.pdf 1 3/28/18 5:38 PMTABLE OF CONTENTS Letter to Shareholders.2 Corporate Information.5 Directors and Corporate Officers.5 Advisory Boards.6 Dear Fellow Shareholders:2017 was another phenomenal

2、 year for your company.It was characterized by continued growth,both organic and through acquisition and substantial improvement in profitability.Highlights from 2017 include:Closed and integrated the purchase of IbervilleBank and Gulf Coast Community Bank,adding$390 million in assets and ten branch

3、es in BatonRouge,Louisiana and five branches inPensacola,Florida,respectively.Net income increased 9.8%year over year.Operating earnings(net income adjusted forone-time merger and income tax charges)increased 70.3%.During the third quarter,your companyexceeded its longstanding goal of producing anan

4、nualized return on average assets greater than1.0%,posting 1.06%.Announced the purchase of Southwest BancShares,Inc.and Sunshine Financial,Inc.Thesetwo acquisitions will close during the first halfof 2018 and add approximately$600 million inassets in Mobile,Alabama and Tallahassee,Florida.Achieved 1

5、3%organic loan growth and 9.5%organic deposit growthCompleted a substantially over-subscribed$55million common stock offering in the fourthquarter to support the pending acquisitions andto support continued growth.With the Southwest Banc Shares,Inc.and Sunshine Financial,Inc.acquisitions,The First w

6、ill have over 60 branches covering some of the fastest growing,most diversified markets in the Gulf South.Your company will serve over 40,000 clients in four states from Baton Rouge,Louisiana to Tallahassee,Florida.Our leadership team has proven that we can successfully target,acquire,and integrate