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First Guaranty Bancshares Inc   (NASDAQ: FGBI)
Other Ticker:  
 
    Sector  Financial    Industry S&Ls Savings Banks
   Industry S&Ls Savings Banks
   Sector  Financial
 
Price: $12.9800 $0.18 1.406%
Day's High: $12.89 Week Perf: -4.63 %
Day's Low: $ 12.64 30 Day Perf: 17.04 %
Volume (M): 2 52 Wk High: $ 14.84
Volume (M$): $ 25 52 Wk Avg: $10.81
Open: $12.64 52 Wk Low: $8.39



 Market Capitalization (Millions $) 162
 Shares Outstanding (Millions) 13
 Employees 429
 Revenues (TTM) (Millions $) 95
 Net Income (TTM) (Millions $) 13
 Cash Flow (TTM) (Millions $) 166
 Capital Exp. (TTM) (Millions $) 10

First Guaranty Bancshares Inc

First Guaranty Bancshares, Inc. is a Louisiana-chartered bank holding company headquartered in Hammond, Louisiana. Our wholly owned subsidiary, First Guaranty Bank (the “Bank”), a Louisiana-chartered commercial bank, provides personalized commercial banking services mainly to Louisiana customers through 21 banking facilities primarily located in the Market Services Areas (MSAs), of Hammond, Baton Rouge, Lafayette and Shreveport-Bossier City. Our principal business consists of attracting deposits from the general public and local municipalities in our market areas and investing those deposits, together with funds generated from operations and borrowings in lending and in securities activities to serve the credit needs of our customer base, including commercial real estate loans, commercial and industrial loans, one- to four-family residential real estate loans, construction and land development loans, agricultural and farmland loans, and to a lesser extent, consumer and multifamily loans. We also participate in certain syndicated loans, including shared national credits, with other financial institutions. We offer a variety of deposit accounts to consumers and small businesses, including personal and business checking and savings accounts, time deposits, money market accounts and demand accounts. We invest a portion of our assets in securities issued by the United States Government and its agencies, state and municipal obligations, corporate debt securities, mutual funds, and equity securities. We also invest in mortgage-backed securities primarily issued or guaranteed by United States Government agencies or enterprises. In addition, we offer a broad range of consumer services, including personal and commercial credit cards, remote deposit capture, safe deposit boxes, official checks, internet banking, automated teller machines, online bill pay, mobile banking and lockbox services.

First Guaranty Bank was founded in Amite, Louisiana on March 12, 1934. While the origins of First Guaranty Bank go back over 80 years, we began our modern history in 1993 when an investor group, led by Marshall T. Reynolds, our Chairman, invested $3.6 million in First Guaranty Bank as part of a recapitalization plan with the objective of building a community-focused commercial bank in our Louisiana markets.

Our mission is to increase shareholder value while providing services for and contributing to the growth and welfare of the communities that we serve.

Our commercial lending team is organized around our regional market areas of Louisiana. A senior experienced lender leads each market team and ensures that our lenders deliver timely service to customers, meet and exceed expectations of loan approval time, and broaden customer relationships through referrals. We hired a seasoned chief lending officer in 2015 who will manage our loan portfolio and foster strong commercial and consumer lending opportunities in both our current and new market areas.

We are expanding upon our successful small business lending program with a new emphasis on growing our SBA, USDA and commercial leasing lending programs. We have invested in training key personnel to focus on this market as we believe that SBA, USDA and commercial leasing loans can serve as new market opportunities for our Bank. We will continue to be a leading agricultural lender and grow our FSA lending.

We intend to grow our consumer loan portfolio principally through our residential mortgage program. We hired an experienced team leader in 2013 to grow the consumer residential mortgage business and we have invested in systems to accelerate the decision making process to deliver quality customer service to our customers. We intend to leverage our existing branch network to expand our retail lending. We have expanded our technology to make it easier for both individual and business customers to bank with us through mobile and internet banking.

We offer a broad range of loan and lease products with a variety of rates and terms throughout our market areas, including business loans to primarily small to medium-sized businesses and professionals, as well as loans to individuals. Our lending operations consist of the following major segments: non-farm, non-residential loans secured by real estate, commercial and industrial loans, one- to four-family residential loans, construction and land development loans, agricultural loans, farmland loans, consumer and other loans, and multifamily loans. All loan decisions are locally made which can allow for a faster approval process than many of our larger regional and nationwide bank competitors.

We actively seek to obtain public funds deposits. We have developed a program for the retention and management of public funds deposits. These deposits are from local government entities such as school districts, hospital districts, sheriff departments and other municipalities. We solicit their operating, savings, and time deposits and we are often the fiscal agent for the municipality. The majority of these deposits are under contractual terms of up to three years. Public funds deposit accounts are collateralized by FHLB letters of credit and by eligible government and government agency securities such as those issued by the FHLB, FFCB, Fannie Mae, and Freddie Mac. We believe that public funds provide a low cost and stable source of funding. The public funds deposit portfolio has been a key driver of earnings for First Guaranty as we have profitability deployed these funds into investment securities and loans.

Our investment policy is to provide a source of liquidity, to provide an appropriate return on funds invested, to manage interest rate risk and to meet pledging requirements for our public funds and other borrowings. Our investment securities consist of: U.S. Treasury obligations; U.S. government agency obligations; mortgage-backed securities; corporate and other debt securities; (5) mutual funds and other equity securities and municipal bonds. Our U.S. government agency securities, primarily consisting of government-sponsored enterprises, comprise the largest share of our investment securities.



   Company Address: 400 East Thomas Street Hammond, 70401 LA
   Company Phone Number: 345-7685   Stock Exchange / Ticker: NASDAQ FGBI


Customers Net Income fell by FGBI's Customers Net Profit Margin fell to

-25.49 %

13.26 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BCBP     
BKU     
BRKL     
NRIM   -0.83%    
TFSL   -2.79%    
WSBF   -0.73%    
• View Complete Report
   



Dividend

First Guaranty Bancshares, Inc. Achieves Robust Financial Results in Second Quarter 2024

Published Wed, Jul 24 2024 2:50 PM UTC

First Guaranty Bancshares, Inc. Reveals Strong Financial Performance in Second Quarter
First Guaranty Bancshares, Inc. (First Guaranty), the holding company for First Guaranty Bank, recently released its key developments and unaudited financial results for the second quarter and six months ending June 30, 2024. The company, listed on the NASDAQ under the ticker symbol FG...

Dividend

First Guaranty Bancshares, Inc. Maintains Dividend Payout Streak with 124th Consecutive Quarterly Dividend

Published Fri, Jun 14 2024 10:49 PM UTC

First Guaranty Bancshares, Inc. Continues Strong Dividend Track Record
On June 14, 2024, the Board of Directors of First Guaranty Bancshares, Inc. (First Guaranty) announced the declaration of a quarterly cash dividend on its outstanding shares of common stock. The dividend, totaling $0.16 per share, is set to be paid to shareholders of record as of June 25, 2024, with a...

First Guaranty Bancshares Inc

First Guaranty Bancshares Inc. Faces EPS Drop Amid Weak Sales in First Quarter of 2024

e: May 3, 2024
HAMMOND, La. - First Guaranty Bancshares, Inc. (First Guaranty) (NASDAQ: FGBI), the parent company of First Guaranty Bank, unveiled its first-quarter financial report for 2024, revealing disappointing figures and a decline in stock performance. The company reported a significant downturn in earnings per share (EPS) and revenue, compared to the same period last year.
During the first quarter of 2024, First Guaranty Bancshares Inc. experienced a notable decline of -48.15% in EPS, reaching $0.14 per share compared to $0.27 in the corresponding period of the previous year. Revenue also experienced a downturn, falling by -11.202% to $21.93 million compared to $24.69 million in the same quarter of 2023.

Product Service News

First Guaranty Bank Opens New Branch in Bridgeport, WV, Amidst Challenging Financial Environment

Published Mon, Apr 22 2024 10:00 PM UTC

First Guaranty Bank Bridgeport, WV Branch Officially OpensHAMMOND, La., April 22, 2024 - The First Guaranty Bank Bridgeport branch has officially opened its doors at its new location in the Market Place business complex on 1000 Jerry Dove Dr in Bridgeport, West Virginia. As a local and established financial institution, First Guaranty Bank is dedicated to providing comprehe...

First Guaranty Bancshares Inc

First Guaranty Bancshares Inc Faces Steep Decline in Financial Performance for Q4 2023

First Guaranty Bancshares Inc, a leading financial institution based in Hammond, Louisiana, has recently announced its financial results for the fiscal period closing December 31, 2023. The company reported a significant decrease in income, profit, and revenue compared to the previous financial reporting period. This sharp decline has also had a negative impact on the company's stock performance, with First Guaranty Bancshares Inc stock dropping by -28.03% from a year ago.
The company's income fell by -84.94% to $0.06 per share from $0.39 a year ago, and profit plummeted by -41.53% from $0.10 per share from the prior financial reporting period. Revenue receded widely by -14.578% to $21.39 million from $25.04 million in the same financial reporting period a year ago. Sequentially, revenue decreased by -4.097% from $22.31 million. The bottom-line also saw a significant decrease, with a profit of $1.303 million in the fiscal period closing December 31, 2023, falling by -74.56% from $5.122 million in the corresponding period a year before.







First Guaranty Bancshares Inc's Segments





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