First Guaranty Bancshares, Inc. (FGBI) 10-Year Financial Performance & Capital Metrics

FGBI • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingSoutheast Community Banks

AboutFirst Guaranty Bancshares, Inc. operates as the holding company for First Guaranty Bank that provides commercial banking services in Louisiana and Texas. It offers various deposit products, including personal and business checking, savings, money market, and demand accounts, as well as time deposits to consumers, small businesses, and municipalities. The company also provides loans, such as non-farm, non-residential loans secured by real estate, commercial and industrial loans, one- to four-family residential loans, multifamily loans, construction and land development loans, agricultural loans, farmland loans, and consumer and other loans to small to medium-sized businesses and professionals, and individuals. In addition, it offers a range of consumer services, including credit cards, mobile deposit capture, safe deposit boxes, official checks, online and mobile banking, automated teller machines, and online bill pay; provides additional solutions, such as merchant services, remote deposit capture, and lockbox services to business customers; and invests a portion of its assets in securities issued by the United States Government and its agencies, state and municipal obligations, corporate debt securities, mutual funds, and equity securities, as well as invests in mortgage-backed securities primarily issued or guaranteed by United States Government agencies or enterprises. The company operates through 36 banking facilities primarily located in market services areas of Hammond, Baton Rouge, Lafayette, Shreveport-Bossier City, Lake Charles, Alexandria, Dallas-Fort Worth-Arlington, Waco, Kentucky, and West Virginia. First Guaranty Bancshares, Inc. was founded in 1934 and is headquartered in Hammond, Louisiana.Show more

Net Interest Income $88M +4.4%
Total Revenue $245M +27.6%
Net Income $12M +35.0%
Return on Equity 4.93% +29.7%
Net Interest Margin 2.23% -6.6%
Efficiency Ratio 30.83% -24.1%
ROA 0.33% +20.3%
Equity / Assets 6.42% -8.6%
Book Value per Share 20.40 -8.7%
Tangible BV/Share 19.09 -8.3%
Debt/Equity 0.79 -28.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓Efficient operations: 30.8% efficiency ratio
✓Healthy dividend yield of 5.2%
✓Trading at only 0.4x book value

✗Weaknesses

✗Shares diluted 12.0% in last year

Price & Volume

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Growth Metrics

Revenue CAGR

10Y15.42%

5Y19.91%

3Y26.5%

TTM-

Profit (Net Income) CAGR

10Y1.04%

5Y-2.66%

3Y-23.03%

TTM-551%

EPS CAGR

10Y-3.69%

5Y-9.58%

3Y-30.57%

TTM-608.88%

ROCE

10Y Avg10.01%

5Y Avg8.77%

3Y Avg6.64%

Latest3.43%

Peer Comparison

Southeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FFINFirst Financial Bankshares, Inc.	4.68B	32.65	20.93	18.79%	30.24%	14.14%	6.26%	0.12
FHNFirst Horizon Corporation	11.85B	24.44	17.97	4.71%	15.7%	9.58%	10.33%	0.50
AUBAtlantic Union Bankshares Corporation	5.47B	38.36	17.13	28.8%	15.53%	4.22%	5.51%	0.17
UCBUnited Community Banks, Inc.	4.09B	33.91	16.62	14.65%	17.05%	8.83%	7.4%	0.13
SNVSynovus Financial Corp.	6.95B	50.05	16.52	1.16%	14.09%	13.7%	11.01%	0.35
PNFPPinnacle Financial Partners, Inc.	14.67B	97.65	16.38	15.32%	16.65%	9.1%	5.5%	0.39
CADECadence Bank	8.27B	44.40	16.03	32.37%	18.03%	9.08%	9.39%	0.01
ABCBAmeris Bancorp	5.56B	81.41	15.69	9.75%	21.97%	9.91%	2.53%	0.11

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	47.47M	48.39M	53.15M	57.02M	61.68M	74.67M	89.62M	100.04M	84.7M	88.44M
NII Growth %	0.08%	0.02%	0.1%	0.07%	0.08%	0.21%	0.2%	0.12%	-0.15%	0.04%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	56.08M	58.53M	67.55M	78.39M	91.64M	100.68M	111.92M	136.58M	183.01M	221.71M
Interest Expense	8.61M	10.14M	14.39M	21.37M	29.97M	26.02M	22.3M	36.53M	98.3M	133.27M
Loan Loss Provision	3.86M	3.71M	3.82M	1.35M	4.86M	14.88M	2.06M	3.66M	3.71M	20.03M
Non-Interest Income+	7.93M	8.41M	7.18M	4.07M	7.08M	22.45M	9M	9.26M	8.77M	23.07M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	64.01M	66.94M	74.72M	82.46M	98.72M	123.13M	120.92M	145.84M	191.78M	244.78M
Revenue Growth %	0.1%	0.05%	0.12%	0.1%	0.2%	0.25%	-0.02%	0.21%	0.32%	0.28%
Non-Interest Expense	30.07M	31.84M	37.36M	42.06M	46M	56.7M	62.11M	69.25M	77.87M	75.47M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	21.47M	21.26M	19.15M	17.68M	17.9M	25.54M	34.45M	36.39M	11.9M	16.01M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.28%	-0.01%	-0.1%	-0.08%	0.01%	0.43%	0.35%	0.06%	-0.67%	0.35%
Pretax Income+	21.47M	21.26M	19.15M	17.68M	17.9M	25.54M	34.45M	36.39M	11.9M	16.01M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	6.96M	7.16M	7.4M	3.46M	3.66M	5.22M	7.16M	7.51M	2.68M	3.56M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	14.51M	14.09M	11.75M	14.21M	14.24M	20.32M	27.3M	28.88M	9.22M	12.45M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.29%	-0.03%	-0.17%	0.21%	0%	0.43%	0.34%	0.06%	-0.68%	0.35%
Net Income (Continuing)	14.51M	14.09M	11.75M	14.21M	14.24M	20.32M	27.3M	28.88M	9.22M	12.45M
EPS (Diluted)+	1.51	1.39	1.13	1.33	1.34	1.90	2.42	2.48	0.62	0.81
EPS Growth %	0.28%	-0.08%	-0.19%	0.18%	0.01%	0.42%	0.27%	0.02%	-0.75%	0.31%
EPS (Basic)	1.51	1.39	1.13	1.33	1.34	1.90	2.42	2.48	0.62	0.81
Diluted Shares Outstanding	9.34M	10.13M	10.42M	10.66M	10.66M	10.71M	10.72M	10.72M	11.16M	12.5M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	37.69M	17.84M	37.2M	127.42M	66.51M	298.9M	261.75M	82.8M	286.11M	564.03M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	1.38B	1.44B	1.64B	1.62B	1.94B	1.95B	2.26B	2.63B	2.84B	3.04B
Investments Growth %	-0.03%	0.04%	0.14%	-0.01%	0.2%	0.01%	0.15%	0.17%	0.08%	0.07%
Long-Term Investments	1B	1.04B	1.26B	1.32B	1.6B	1.72B	2.05B	2.5B	2.75B	2.76B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	2M	2M	3.47M	3.47M	12.94M	12.9M	12.9M	12.9M	12.9M	12.9M
Intangible Assets	1.39M	1.06M	4.42M	3.53M	7.17M	6.59M	5.92M	4.98M	4.3M	3.47M
PP&E (Net)	22.02M	23.52M	38.02M	39.7M	56.46M	59.89M	58.64M	58.21M	69.79M	67.79M
Other Assets	12.35M	12.35M	16.57M	16.25M	24.64M	24.7M	27.38M	32.38M	42.05M	48M
Total Current Assets	420.07M	422.35M	426.72M	431.11M	415.36M	652.94M	727.95M	542.32M	668.78M	1.08B
Total Non-Current Assets	1.04B	1.08B	1.32B	1.39B	1.7B	1.82B	2.15B	2.61B	2.88B	2.89B
Total Assets+	1.46B	1.5B	1.75B	1.82B	2.12B	2.47B	2.88B	3.15B	3.55B	3.97B
Asset Growth %	-0.04%	0.03%	0.17%	0.04%	0.17%	0.17%	0.16%	0.09%	0.13%	0.12%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0%	0%
Accounts Payable	1.71M	1.93M	2.49M	3.95M	6.05M	5.29M	4.48M	4.29M	11.81M	20.44M
Total Debt+	42.22M	43.23M	52.94M	34.54M	86.75M	116.63M	49.63M	183.37M	275.4M	201.92M
Net Debt	4.53M	25.39M	15.73M	-92.88M	20.24M	-182.27M	-212.11M	100.57M	-10.72M	-362.11M
Long-Term Debt	40.42M	36.73M	37.44M	34.54M	66.83M	60.51M	43.2M	36.93M	209.1M	194.91M
Short-Term Debt	1.8M	6.5M	15.5M	0	19.92M	56.12M	6.44M	146.44M	66.3M	7.01M
Other Liabilities	1.73M	5.25M	1.74M	1.81M	5.37M	6.25M	3.62M	4.91M	6.84M	19.06M
Total Current Liabilities	1.3B	1.33B	1.57B	1.63B	1.88B	2.23B	2.61B	2.87B	3.09B	3.5B
Total Non-Current Liabilities	42.15M	41.98M	39.17M	36.35M	72.2M	66.76M	46.82M	41.83M	215.94M	213.97M
Total Liabilities	1.34B	1.38B	1.61B	1.67B	1.95B	2.29B	2.65B	2.92B	3.3B	3.72B
Total Equity+	118.22M	124.35M	143.98M	147.28M	166.03M	178.59M	223.89M	234.99M	249.63M	255.05M
Equity Growth %	-0.15%	0.05%	0.16%	0.02%	0.13%	0.08%	0.25%	0.05%	0.06%	0.02%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.11%	0.12%	0.09%	0.1%	0.09%	0.12%	0.14%	0.13%	0.04%	0.05%
Book Value per Share	12.66	12.28	13.82	13.82	15.57	16.67	20.89	21.93	22.36	20.40
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	7.61M	8.37M	8.81M	9.69M	9.74M	10.72M	10.72M	10.72M	12.47M	12.51M
Additional Paid-in Capital	61.58M	81M	92.27M	109.79M	110.84M	130.09M	130.09M	130.09M	149.09M	149.39M
Retained Earnings	49.93M	38.98M	44.46M	34.95M	43.28M	37.13M	56.65M	76.35M	67.97M	72.97M
Accumulated OCI	-901K	-4M	-1.56M	-7.14M	2.17M	647K	-6.63M	-15.23M	-12.96M	-12.87M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	33.06M	33.06M	33.06M	33.06M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	17.21M	22.21M	12.28M	26.89M	29.08M	23.76M	26.52M	36.87M	21.71M	33.73M
Operating CF Growth %	0.03%	0.29%	-0.45%	1.19%	0.08%	-0.18%	0.12%	0.39%	-0.41%	0.55%
Net Income	14.51M	14.09M	11.75M	14.21M	14.24M	20.32M	27.3M	28.88M	9.22M	12.45M
Depreciation & Amortization	2M	2.19M	2.44M	3.29M	3.06M	3.78M	4.78M	4.11M	4.03M	4.43M
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	3.18M	2.37M	3.93M	4.24M	5.09M	2.93M	795K	3.69M	4.46M	2.56M
Working Capital Changes	-2.46M	3.56M	-5.85M	5.15M	6.69M	-3.27M	-6.35M	179K	4.01M	14.28M
Cash from Investing+	47.21M	-67.78M	-83M	6.79M	-131.91M	-128.46M	-452.64M	-467.91M	-206.09M	-142.07M
Purchase of Investments	-699.02M	-1.04B	-547.72M	-309.35M	-274.44M	-1.08B	-552.56M	-153.05M	-2.63M	-365.49M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	-2.91M	0	-23.32M	0	0	0	0	0
Other Investing	-53.91M	-108.26M	-80.16M	-75.82M	-122.99M	-320.27M	-316.94M	-365.2M	-240.3M	56.97M
Cash from Financing+	-71.72M	26.41M	90.64M	56.26M	42.29M	336.88M	388.45M	252.33M	387.61M	386.09M
Dividends Paid	-4.63M	-4.87M	-5.21M	-5.64M	-5.8M	-6.23M	-7.78M	-9.19M	-9.7M	-7.46M
Share Repurchases	0	0	-10.65M	0	0	0	0	0	0	0
Stock Issued	9.34M	0	10.65M	0	1M	0	0	0	20M	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	669K	-1000K	1000K	-1000K	-1000K	-1000K	1000K	-1000K
Other Financing	-75.97M	35.01M	95.18M	64.84M	18.38M	349.41M	380.49M	267.3M	205.16M	407.88M
Net Change in Cash+	-7.3M	-19.16M	19.92M	89.94M	-60.54M	232.18M	-37.67M	-178.71M	203.24M	277.75M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	44.58M	37.27M	18.11M	38.03M	127.97M	67.42M	299.61M	261.93M	83.22M	286.45M
Cash at End	37.27M	18.11M	38.03M	127.97M	67.42M	299.61M	261.93M	83.22M	286.45M	564.21M
Interest Paid	8.9M	9.92M	13.84M	19.9M	27.87M	26.77M	23.11M	36.73M	90.79M	124.64M
Income Taxes Paid	8.4M	3M	10.7M	2.4M	3.27M	4.83M	11.44M	7.62M	3.43M	0
Free Cash Flow+	12.81M	18.1M	5.46M	23.1M	17.14M	17.45M	24.32M	34.22M	6.76M	30.68M
FCF Growth %	-0.15%	0.41%	-0.7%	3.23%	-0.26%	0.02%	0.39%	0.41%	-0.8%	3.54%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	11.25%	11.62%	8.76%	9.76%	9.09%	11.79%	13.56%	12.59%	3.8%	4.93%
Return on Assets (ROA)	0.97%	0.95%	0.72%	0.8%	0.72%	0.89%	1.02%	0.96%	0.27%	0.33%
Net Interest Margin	3.25%	3.22%	3.04%	3.14%	2.91%	3.02%	3.11%	3.17%	2.38%	2.23%
Efficiency Ratio	46.98%	47.56%	50%	51.01%	46.6%	46.05%	51.36%	47.49%	40.6%	30.83%
Equity / Assets	8.1%	8.28%	8.23%	8.1%	7.84%	7.22%	7.78%	7.46%	7.03%	6.42%
Book Value / Share	12.66	12.28	13.82	13.82	15.57	16.67	20.89	21.93	22.36	20.4
NII Growth	7.66%	1.94%	9.84%	7.28%	8.16%	21.06%	20.02%	11.63%	-15.33%	4.41%
Dividend Payout	31.93%	34.56%	44.34%	39.65%	40.75%	30.68%	23.42%	23.75%	79.94%	41.19%

Frequently Asked Questions

Valuation & Price

First Guaranty Bancshares, Inc. (FGBI) has a price-to-earnings (P/E) ratio of 9.8x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

First Guaranty Bancshares, Inc. (FGBI) grew revenue by 27.6% over the past year. This is strong growth.

First Guaranty Bancshares, Inc. (FGBI) reported a net loss of $57.5M for fiscal year 2024.

Dividend & Returns

Yes, First Guaranty Bancshares, Inc. (FGBI) pays a dividend with a yield of 5.18%. This makes it attractive for income-focused investors.

First Guaranty Bancshares, Inc. (FGBI) has a return on equity (ROE) of 4.9%. This is below average, suggesting room for improvement.

Industry Metrics

First Guaranty Bancshares, Inc. (FGBI) has a net interest margin (NIM) of 2.2%. NIM has been under pressure due to interest rate environment.

First Guaranty Bancshares, Inc. (FGBI) has an efficiency ratio of 30.8%. This is excellent, indicating strong cost control.

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