First Bancshares approves new share repurchase plan

The First Bancshares announced that the Company’s board of directors has approved a new share repurchase program for the 2024 calendar year. Under the program, the Company may, but is not required to, from time to time repurchase up to $50 million of shares of its common stock in any manner determined appropriate by the Company’s management. The actual timing and method of any purchases, the target number of shares and the maximum price (or range of prices) under the program, will be determined by management at its discretion and will depend on a number of factors, including the market price of the Company’s common stock, general market and economic conditions, and applicable legal and regulatory requirements. The new share repurchase program has an expiration date of December 31, 2024, and is effectively a renewal of the Company’s 2024 share repurchase program.