YOUR BUSINESS AUTHORITY
Springfield, MO
Stockmens Bank parent company First Bancshares Inc. (OTCQX: FBSI) reported higher profits during the second quarter.
First Bancshares, which operates a Springfield branch of Stockmens Bank at 1465 E. Sunshine St., posted second quarter net income of $1.7 million, or 71 cents per share. That's up from $1.4 million, or 57 cents per share, a year earlier.
Total interest income climbed to $7.1 million from $4.6 million, while noninterest expenses were up to $2.4 million from $1.9 million.
"The increase in noninterest expenses is primarily due to increases in employment-related expenses, professional fees and an industry-wide elevation in the FDIC’s assessment rate," officials said in the release.
First Bancshares has eight Missouri branches.
After discovering a niche for vintage typewriters, Laura Prather quickly grew a home-based typewriter sale and service business.
Physician sues CoxHealth, alleging business interference and defamation
Wendy’s franchisee ordered to pay $7M over harassment, PPP fraud accusations
Former PFH execs sentenced to prison time
Springfield CPA pleads guilty to embezzlement scheme
Updated: First Watch business partner sues another for breach of fiduciary duty, fraud