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Exhibit 99.2
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May 2022 NASDAQ: FBMS
2 Safe Harbor ABOUT THE FIRST BANCSHARES, INC.The First Bancshares, Inc. (“FBMS” or the “Company”),
headquartered in Hattiesburg, Mississippi, is the parent company of The First Bank. Founded in 1996, The First has operations in Mississippi, Louisiana, Alabama, Florida and Georgia. The Company’s stock is traded on NASDAQ Global Market under
the symbol FBMS. Contact: Chandra Kidd, Corporate Secretary. ADDITIONAL INFORMATION ABOUT THE MERGER & WHERE TO FIND ITIn connection with the proposed merger of FBMS and Beach, FBMS will file with the Securities and Exchange Commission
(the “SEC”) a registration statement on Form S-4 that will include a proxy statement of Beach and a prospectus of FBMS, as well as other relevant documents concerning the proposed transaction. This communication does not constitute an offer
to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. WE URGE INVESTORS AND SECURITY HOLDERS TO READ THE REGISTRATION STATEMENT ON FORM S-4, THE PROXY STATEMENT/PROSPECTUS INCLUDED WITHIN THE
REGISTRATION STATEMENT ON FORM S-4 AND ANY OTHER RELEVANT DOCUMENTS WHEN FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED MERGER BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT FBMS, BEACH AND THE PROPOSED MERGER. The proxy
statement/prospectus will be sent to the shareholders of Beach seeking the required shareholder approvals. Investors and security holders will be able to obtain free copies of the registration statement and the proxy statement/prospectus
(when available) and other documents filed with the SEC by FBMS through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed PARTICIPANTS IN THE TRANSACTIONFBMS, Beach Bancorp, Inc. (“Beach”) and certain of
their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of Beach in connection with the proposed merger of FBMS and Beach. Information about the directors and
executive officers of FBMS may be found in the definitive proxy statement of FBMS filed with the SEC on April 6, 2022. Additional information regarding the interests of these participants and the directors and executive officers of Beach will
also be included in the proxy statement/prospectus regarding the proposed transaction when it become available. The definitive proxy statement can be obtained free of charge from the sources described above. This communication does not
constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval.
3 Forward Looking Statements This slide presentation and certain of our other filings with the
Securities and Exchange Commission contain statements that constitute “forward looking statements” within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are forward-looking statements. Such statements can generally be identified by such words as “believes,” “anticipates,” “expects,” “may,”
“will,” “assumes,” “should,” “predicts,” “could,” “would,” “intends,” “targets,” “estimates,” “projects,” “plans,” “potential,” “positioned” and other similar words and expressions of the future or otherwise regarding the outlook for the
Company’s future business and financial performance and/or the performance of the banking industry and economy in general. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance
and involve known and unknown risk and uncertainties which may cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such
forward-looking statements. Forward-looking statements are based on the information known to, and current beliefs and expectations of, the Company’s management and are subject to significant risks and uncertainties. Actual results may differ
materially from those contemplated by such forward-looking statements. Factors that might cause such differences include, but are not limited to: (1) competitive pressures among financial institutions increasing significantly; (2) changes in
economic or political conditions, either nationally or locally, particularly in areas in which the Company conducts operations; (3) interest rate risk; (4) changes in applicable laws, rules, or regulations; (5) risks related to the Company’s
recently completed acquisitions, including that the anticipated benefits from the recently completed acquisitions are not realized in the time frame anticipated or at all as a result of changes in general economic and market conditions or
other unexpected factors or events; (6) changes in management’s plans for the future; (7) credit risk associated with our lending activities; changes in interest rates, loan demand, real estate values, or competition; (8) changes in
accounting principles, policies, or guidelines; (9) adverse results from current or future litigation, regulatory examinations or other legal and/or regulatory actions, including as a result of the Company’s participation in and execution of
government programs related to the COVID-19 pandemic and related variants; (10) the continued impact of the COVID-19 pandemic and related variants on the Company’s assets, business, cash flows, financial condition, liquidity, prospects and
results of operations; (11) higher inflation and its impacts; (12) the effects of war or other conflicts including the impacts relating to or resulting from Russia’s military action in Ukraine; and (13) other general competitive, economic,
political, and market factors, including those affecting our business, operations, pricing, products, or services. Statements about the potential effects of the COVID-19 pandemic and related variants on the Company’s assets, business,
liquidity, financial condition, prospects, and results of operations may constitute forward-looking statements and are subject to the risks that the actual effects may differ, possibly materially, from what is reflected in these
forward-looking statements due to factors and future developments that are uncertain, unpredictable and in many cases beyond our control, including the depth, dispersion and duration of the pandemic, actions taken by governmental authorities
in response to the pandemic, and the direct and indirect impact of the pandemic on customers, employees, third parties and the Company.Risks relating to the proposed Beach Bancorp, Inc. merger (the “Merger”) including, without limitation, (1)
the risk that the cost savings and any revenue synergies from the Merger may not be realized or take longer than anticipated to be realized, (2) disruption from the Merger with customers, suppliers, employee or other business partners
relationships, (3) the occurrence of any event, change or other circumstances that could give rise to the termination of one or both of the definitive agreement in respect of the Merger, (4) the risk of successful integration of Beach
Bancorp, Inc. into the Company, (5) the failure to obtain the necessary approval by the shareholders of Beach Bancorp, Inc., (6) the amount of the costs, fees, expenses and charges related to the Merger, (7) the ability by the Company to
obtain required governmental approvals of the Merger, (8) reputational risk and the reaction of each of the companies’ customers, suppliers, employees or other business partners to the Merger, (9) the failure of the closing conditions in the
definitive agreements in respect of the Merger to be satisfied, or any unexpected delay in closing of the Merger, (10) the risk that the integration of the operations of Beach Bancorp, Inc. into the operations of the Company will be
materially delayed or will be more costly or difficult than expected, (11) the possibility that the Merger may be more expensive to complete than anticipated, including as a result of unexpected factors or events, (12) the dilution caused by
the Company’s issuance of additional shares of its common stock in the Merger, and (13) general competitive, economic, political and market conditions. Additional factors which could affect the forward looking statements can be found in the
cautionary language included under the headings “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, under
the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and other documents subsequently filed by the Company with the SEC. Consequently, no forward-looking statement can be guaranteed.These and
other factors that could cause results to differ materially from those described in the forward-looking statements, as well as a discussion of the risks and uncertainties that may affect our business, can be found in our Annual Report on Form
10-K and in other filings we make with the Securities and Exchange Commission (“SEC”), which are available on the SEC’s website, http://www.sec.gov. Undue reliance should not be placed on forward-looking statements. The Company disclaims any
obligation to update such factors or to publicly announce the results of any revisions to any of the forward-looking statements included herein to reflect future events or developments.
4 The First Bancshares: Building Shareholder Value
58.4%Q1 ‘22 Efficiency Ratio, Operating (1) 18.2%Total Capital Ratio as of March 31,
2022 5thLargest Bank Headquartered in MS $6.2bnAssets as of March 31, 2022 13# of Closed Transactions since 2010 (2) 5 Our Company Company Overview 90Locations in Gulf South: MS, LA, AL, FL & GA 1996Bank Established in
Hattiesburg, MS Source: S&P Global Market Intelligence, Company documents(1) Refer to appendix for “Non-GAAP Reconciliation”(2) Includes 10 whole bank acquisitions, 2 branch acquisitions and 1 mortgage company acquisition 1.24% Q1
’22PTPP ROAA, Operating (1) VALDOSTA TALLAHASSEE DESTIN PENSACOLA MOBILE GULFPORT BATON
ROUGE JACKSON HATTIESBURG FBMS Location
(90) STARKVILLE
Continuity of Leadership through Multiple Business Cycles 6 Responsible for devising and
executing a disciplined and successful strategy of organic growth and strategic acquisitions Jarrett NicholsonExecutive VPChief Operating Officer29 years experience M. Ray “Hoppy” Cole, Jr.President/CEO36 Years of Experience Dee Dee
LoweryExecutive VP, CFO32 Years of Experience George NoonanExecutive VPChief Credit Officer23 years experience Jerome BrownExecutive VPCommunity Development18 years experience Ion MixonExecutive VPRisk Manager22 years experience JJ
FletcherChief Lending Officer23 years experience Emily AgostinelliChief Audit Officer22 years experience
Evolution of Our Franchise December 31, 2009 March 31, 2022 Total Assets ($mm) – Organic and
Acquisitive Growth FBMS Branch (9) Hattiesburg Source: S&P Global Market IntelligenceData as of 12/31 of each year, respectively; Q1 ’22 data as of 3/31/22 7 2010 –Q1 ’22 CAGR:
25% Hattiesburg Destin Gulfport Pensacola FBMS Branch (88) FBMS LPO (2)
Improving Geographic Diversification of our Balance Sheet 8 2015 Deposits by State March 31, 2022
Deposits by State Source: S&P Global Market Intelligence, Company documents2009 and 2015 data as of 6/30 2015 Loans by State March 31, 2022 Loans by State 2009 Loans by State 2009 Deposits by State
Our Market Demographics 9 Source: S&P Global Market Intelligence Note: Demographic information
may not be indicative of the characteristics of the particular markets in which we operate(1) Demographic data deposit weighted by county; deposit data as of 6/30/21 ‘22 – ‘27 Projected Population Growth (%) ‘22 – ‘27 Projected Median HHI
Growth (%) 2027 Projected Median HHI ($) November 2021 Unemployment Rate (%) (1) (1) (1) (1)
10 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Q1 ‘22 Average Stock Price
($) $9.21 $12.99 $14.54 $16.40 $18.88 $29.06 $35.08 $31.79 $24.54 $37.66 $36.32 Average Market Capitalization ($)In Millions $28.5 $57.3 $75.8 $88.1 $101.4 $277.4 $455.0 $542.9 $505.7 $791.7 $757.3 Average Daily Volume
(shares) 1,679 3,841 4,453 7,387 3,819 24,078 34,841 48,983 77,982 62,675 67,945 Price/LTM EPS (x) 8.1x 14.6x 12.2x 11.8x 16.8x 29.7x 18.7x 15.1x 12.8x 12.8x 11.1x Price/Tangible Book
(%) 78.8% 130.6% 120.0% 140.0% 177.9% 230.0% 179.2% 188.2% 147.6% 165.7% 144.4% Market Information and Historical Pricing Source: S&P Global Market Intelligence, Company documentsCompany financial data and market data as of
3/31/22
11 Overview of Potential Whole Bank Opportunities Source: S&P Global Market Intelligence
Data as of 3/31/22(1) Select Florida markets include banks and thrifts headquartered north of and including the Orlando, FL MSA; excludes merger targets and MHCs Opportunities by State Opportunities by Asset Size Includes all banks and
thrifts headquartered in Alabama, Georgia, Louisiana, Mississippi, Tennessee, and select Florida (1) markets with total assets between $450 million and $3.0
billion LA MS AL FL GA TN New
Orleans Baton Rouge Jacksonville Tallahassee Huntsville Birmingham Chattanooga Columbus Atlanta Knoxville Nashville Memphis Orlando Jackson Shreveport Tampa Mobile Montgomery
Eleven Years of Record Earnings Superior Performance and Execution Strategically Focused on
Acquisitive and Organic Growth Strong Capital Structure Situated in Growing Markets Shareholder Value and Return Demonstrated Successful Leadership Team 12 Seven ReasonsTo Invest in The First
13 Credit Highlights Franchise and Management Strength Southeast markets remain resilient
through the COVID pandemic; unemployment well below national average90 locations across 5 states; ranked in the top 10 by deposit market share by county / parish in ~73% of our franchiseGeographically diversified loan portfolioExperienced,
performance driven management team with local market knowledge Granular Loan and Deposit Portfolio 55% loan-to-deposit ratioCore funded franchise with 97.4% core deposits and 0.18% cost of depositsIncreased monitoring of hotel,
restaurant and retail portfolioPrudent credit culture and pristine asset quality in light of deferrals Strong Profitability and Capital Position Consistent historic improvement in profitability metrics and differentiated sources of
revenueSolid PTPP ROAA (1.24% in Q1 ‘22) to support capital generation and potentially absorb any loan lossesCapital ratios far in excess of well capitalized minimums (Q1 ’22 CET1 Ratio of 13.3% and Total Capital Ratio of 18.2%)Q1 ‘22 58.4%
efficiency ratio, operating (1) Source: S&P Global Market IntelligenceData as of or for the three months ended 3/31/22(1) Refer to appendix for “Non-GAAP Reconciliation”
Building Franchise ValueSeven Acquisitions | Closed 2018 – ‘21 14 Geography Mobile, AL
MSA Tallahassee, FL MSA Tallahassee, FL MSA Hammond, LAMSA Destin, FLMSA Valdosta, GA MSA Starkville, MS Date Closed March ‘18 April ‘18 November ‘18 March ‘19 November ‘19 April ‘20 December
’21 Branches 9 5 6 7 6 8 7 41 Purchase Price Cash & Stock: $60.0M Cash & Stock: $30.5M Cash & Stock: $80.0M All Stock: $86.1M Cash & Stock: $84.3M All Stock: $47.9M Deposit
Premium:$1.0M -- Assets $398.5M $213.1M $477.1M $375.7M $428.5M $535.7M $400M $2.8B Loans $269.9M $173.1M $331.6M $247.8M $248.9M $394.6M $40.5M $1.7B Deposits $357.3M $154.2M $428.1M $313.4M $372.3M $475.9M $410M $2.5B Detailed
Internal & 3rd Party Loan Review Target Assets / FBMS Assets ~22% ~10% ~19% ~13% ~12% ~13% ~7% TotalGained:
15 Financial results
EPS Net Income ($mm) 16 Pre-tax Pre Provision Income ($mm), Operating (1) PTPP ROAA, Oper. (1)
Source: S&P Global Market Intelligence Annual data for the twelve months ended 12/31 of each respective year; quarterly data for the three months ended each respective quarter(1) Refer to appendix for “Non-GAAP Reconciliation” Historical
Performance Over TimeEleven Years of Record Earnings $0.82 $1.16 $0.96 $1.19 $1.55 $1.57 $1.11 $1.62 $2.55 $2.52 1.62% 1.74% 1.75% 1.79% 1.87% 2.03% 1.61% 1.42% 1.49% $3.03 1.33% 1.24%
4.05% Net Interest Income Over Time 3.74% 3.99% 3.59% 3.44% 3.70% 3.72% 3.71% Net Interest
Income ($mm) NIM 3.34% 3.83% 3.94% 4.06% 3.93% 3.63% 3.58% 3.51% 4.02% Source: S&P Global Market IntelligenceAnnual data for the twelve months ended 12/31 of each respective year; quarterly data for the three months ended each
respective quarter 3.13% 3.14% 3.25% 17 3.64% 3.14% 2.78%
Execution of Strategic Vision 18 Source: S&P Global Market Intelligence, Company documentsPricing
data as of 4/21/22 Price Performance since 12/31/08 In 2009, FBMS formulated a strategic vision focused on branch expansion and acquisition of banks with assets less than $500 million in MS, AL, LA, FL and GA $9.04 $33.91 3/22/13$20.0M
Preferred Stock Offering 4/30/13Acquired First National Bank of Baldwin County 7/1/14Acquired BCB Holding Company, Inc. 12/14/15Acquired Mortgage Connection, LLC 10/24/16$63.3M Preferred Stock Offering 1/1/17Acquired Gulf Coast Community
Bank 1/1/17Acquired Iberville Bank 10/26/17$58.4M Common Stock Offering` 3/1/18Acquired South West Banc Shares, Inc. 4/1/18Acquired Sunshine Financial, Inc. 5/1/18$66.0M Subordinated Debt Offering 10/31/18Acquired FMB Banking
Corp. 3/1/19Acquired FPB Financial Corp. 10/31/19 Acquired First Florida Bancorp, Inc. 4/3/20 Acquired Southwest Georgia Financial Corporation 9/25/20$65.0M Subordinated Debt Offering 12/3/21Acquired 7 branches from divested deposits of
BXS-CADE
Historical Profitability Trends 19 Source: S&P Global Market Intelligence, Company Documents
Data as of or for the three months ended each respective quarter(1) Refer to appendix for “Non-GAAP Reconciliation” Reported ROAA (%) ROAA, Operating (%) (1) Reported ROATCE (%) (1) ROATCE, Operating (%) (1) PTPP ROAA, Oper.
(1) 1.61% 1.42% 1.49% 1.33% 1.24%
20 Historical Profitability Trends Non-interest Income, Oper. / Adj. Operating Revenue (%)
(1) Non-interest Income Q1 ‘22 (%) Efficiency Ratio, Operating (%) (1) Adjusted Operating Expense / Average Assets (%) (1) Source: S&P Global Market Intelligence, Company Documents Data as of or for the three months ended each
respective quarter (1) Refer to appendix for “Non-GAAP Reconciliation”
Historical Balance Sheet Growth 21 Assets ($mm) Source: S&P Global Market IntelligenceData as
of 12/31 of each year, respectively; Q1 ’22 data as of 3/31/22 Loans ($mm) Deposits ($mm) PPP Loans 2012 – Q1 ‘22 CAGR: 24% 2012 – Q1 ‘22 CAGR: 26% 2012 – Q1 ‘22 CAGR: 27%
Source: S&P Global Market Intelligence Note: Assets shown as of next quarter after close;
dates are as of transaction close, unless otherwise specified(1) Tangible book value per share as of 3/31/22 inclusive of ($76.8 million) change in accumulated other comprehensive income and the repurchase of 600,000 shares during the quarter
3/22/2013$22.0M Equity OfferingAssets: $789 million 4/23/2013Acquired First Baldwin Bancshares, Inc. Assets: $965 million 7/1/2014Acquired BCB Holding Company, Inc. Assets: $989 million 1/1/2017Acquired Gulf Coast Community
BankAssets: $1.8 billion 12/14/2015Acquired Mortgage Connection, LLCAssets: $1.1 billion 10/24/2016$63.3M Equity OfferingAssets: $1.3 billion 1/1/2017Acquired Iberville BankAssets: $1.8 billion 10/26/2017$58.4M Common Stock
OfferingAssets: $1.8 billion 3/1/2018Acquired South West Banc Shares, Inc.Assets: $2.3 billion 4/1/2018Acquired Sunshine Financial, Inc. Assets: $2.5 billion 5/1/2018$66.0M Subordinated Debt OfferingAssets: $2.5
billion 10/31/2018Acquired FMB Banking CorporationAssets: $3.0 billion 3/2/2019Acquired FPB Financial Corp.Assets: $3.5 billion 10/31/2019Acquired First Florida BancorpAssets: $3.9 billion 4/3/2020Acquired SGBAssets: $5.1
billion Executing Upon Growth Strategy Tangible Book Value Per Share Growth (1) 22 Building Upon a Proven Track Record 9/25/2020$65.0M Subordinated Debt OfferingAssets: $5.2 billion 12/3/2021Acquired 7 MS Branches from
CADEAssets: $400 million
23 Strong Balance Sheet & Earnings Power TCE+ALL / Loans (%) Core Deposits (%) Efficiency
Ratio, Operating (%) (1) Loans / Deposits (%) 38 bps higher than peers 221bps lower than peers 21 percentage points lower than peers 5.5 percentage points higher than peers Source: S&P Global Market Intelligence Peer data as of or
for the three months ended 3/31/22 Note: Peers include all major exchange traded banks headquartered in AL, AR, FL, GA, KY, LA, MS, NC, SC, TN, VA and WV with total assets between $1 billion and $10 billion(1) Refer to appendix for “Non-GAAP
Reconciliation”
24 Loan & deposit information
25 Loan Portfolio Overview Q1 ‘22 Loan Composition Historical Loan Composition Dollars in
millions, unless otherwise notedSource: S&P Global Market IntelligenceData as of 12/31 each respective year Granular loan portfolio, average loan size excluding PPP is ~$161 thousandTop 25 loans represent ~9% of total portfolioDe
Minimis consumer credit card loans ($1.6 million or 0.1% of total loans)Limited energy exposure ($24.4 million or 0.8% of total loans)No Shared National Credits (“SNCs”)
26 Loan Growth Over Time Quarterly Loan Growth (Ex. PPP) Over Time Source: S&P Global Market
IntelligenceQuarterly data as of the three months ended each respective quarter; Quarterly loan growth annualized
27 Granular Loan Portfolio Dollars in millionsSource: Company DocumentsData as of 3/31/22 Size of
our top 75 Relationships Largest individual loan is $16.1 million total committed exposureTotal participations purchased are less than 2% of outstanding balances
28 Escalated MonitoringMarch 31, 2022 Dollars in millionsSource: Company DocumentsData as of
3/31/22 SECTOR TOTAL COMMITTED % OF LOANS LTV % HOTELS $135.8 MILLION 4.6% 61.6% FLAGGED $73.6 MILLION NON-FLAGGED $62.2 MILLION RESTAURANTS $ 90.9 MILLION 3.1% 47.1% CHAIN $70.4 MILLION NON-CHAIN $18.7
MILLION CONSTRUCTION $ 1.8 MILLION RETAIL $207.6 MILLION 7.0% 51.5% CONSTRUCTION $26.6 MILLION NON-OWNER OCCUPIED $46.0 MILLION RETAIL STRIP W/ ANCHOR $50.3 MILLION RETAIL STRIP NO ANCHOR $84.7
MILLION
29 Loan Concentrations Over Time C&D Loan Concentration Over Time CRE Loan Concentration Over
Time Source: S&P Global Market IntelligenceNote: 100% and 300% are the interagency guidance figures for C&D Concentration and CRE Concentration of a banking institution’s total risk-based capital, respectively
30 Overview of PPP Activity As of March 31, 2022, we have 177 loans totaling $19.4 million with
$0.7 million from round 1 and $18.7 million from round 2. The PPP loans have an average size of $109,700Balance of Net Fees - $0.7 million PPP loans made to Enhanced Risk sectors are detailed below: Dollars in millionsSource: Company
documents HOTELS $ 0.1 MILLION RESTAURANTS $ 4.3 MILLION RETAIL $ 1.9 MILLION TOTAL $ 6.3 MILLION
31 Loan Reserves Detail & Nonperforming AssetsMarch 31, 2022 Dollars in millionsSource: Company
documents RESERVES TOTAL LOANS $2.970 BILLION $31.6 MILLION 1.06% LOAN BALANCES ALLL/CREDIT MARK ALLL/MARK TO LOANS NON PERFORMING ASSETS BALANCES % OF LOANS + OREO LEGACY $20.7 MILLION 0.70% TOTAL NON PERFORMING ASSETS $27.6
MILLION 0.93% ACQUIRED $6.9 MILLION 0.23%
32 Asset Quality Over Time NPAs / Loans + OREO (%) NCOs / Average Loans (%) ACL / NPLs (%) ACL /
Loans (%) Source: S&P Global Market IntelligenceYearly data as of or for the twelve months ended each respective year; Q1 ‘22 data for the three months ended 3/31/22
33 History of Prudent Credit Culture 15-Year NCOs / Avg. Loans vs. Banking Industry (%) Source:
S&P Global Market Intelligence, FDICYearly data as of or for the twelve months ended each respective year Note: FDIC data as of 12/31/21 (0.12%)FBMS NCOs / Avg. Loans for the three months ended 3/31/22
34 Attractive Deposit Portfolio Historical Deposit Composition ($bn) Cost of Total Deposits Over
Time (%) Dollars in millions unless otherwise noted Source: S&P Global Market Intelligence; company documents Annual data as of or for the twelve months ended each respective year; Quarterly data as of or for the three months ended each
respective quarter; deposit mix as of 3/31/22(1) Deposits without reclassification; At March 31, 2022, $837.7 million of NOW accounts were reclassified as money market accounts 97.4% core deposits14.9% non-interest bearing demand
deposits Q1 ‘22 Deposit Composition (1)
35 Capital & Liquidity
36 Capital Position TCE / TA (%) (1) Leverage Ratio (%) Total Risk Based Capital Ratio (%) CET1
Ratio (%) Source: S&P Global Market Intelligence Data as of 12/31 of each year, respectively; Q1 ’22 data for the three months ended 3/31/22(1) Non-GAAP measure, see reconciliation to closest GAAP measure in appendix
37 Capital Appreciation & Returns to Shareholders Tangible Book Value per Share ($) Dividends
Declared per Share ($) Shares Repurchased (%) (3) Source: S&P Global Market Intelligence Data as of 12/31 of each year, respectively; Q1 ’22 data as of or for the three months ended 3/31/22(1) Tangible book value per share as of
3/31/22 inclusive of ($76.8 million) change in accumulated other comprehensive income and the repurchase of 600,000 shares during the quarter(2) Q1 ’22 dividend declared per share annualized(3) Represents shares repurchased in period stated
divided by common shares outstanding at prior period end (2) Dollars Returned to Shareholders ($M) (1)
38 Liquidity Position Source: S&P Global Market IntelligenceData as of 12/31 of each year,
respectively; Q1 ’22 data for the three months ended 3/31/22 Gross Loans / Deposits (%) Cash & Cash Equivalents / Total Assets (%)
39 Appendix
40 Deposit Market Share by State Mississippi Florida Alabama Louisiana Georgia Source: S&P
Global Market IntelligenceData as of 6/30/21Note: Deposits capped at $1.0 bn per branchNote: Deposit data pro forma for pending transactions
41 Deposit Market Share by Select MSAs Tallahassee, FL MSA Gulfport-Biloxi, MS MSA Fort Walton
Beach-Destin, FL MSA Mobile, AL MSA Baton Rouge, LA MSA Hattiesburg, MS MSA Source: S&P Global Market IntelligenceData as of 6/30/21Note: Deposits capped at $1.0 bn per branchNote: Deposit data pro forma for pending transactions
Historical Financials 42 Source: S&P Global Market Intelligence Annual data as of or for the
twelve months ended each respective year; quarterly data as of or for the three months ended each respective quarter(1) Non-GAAP measure, see reconciliation to closest GAAP measure
43 Non-GAAP Reconciliation
44 Non-GAAP Reconciliation (cont.)
45 Non-GAAP Reconciliation (cont.)
46 Non-GAAP Reconciliation (cont.)
47 Non-GAAP Reconciliation (cont.)