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First Guaranty Bancshares Inc   (FGBI)
Other Ticker:  
 
    Sector  Financial    Industry S&Ls Savings Banks
   Industry S&Ls Savings Banks
   Sector  Financial
 
Price: $10.7600 $0.11 1.033%
Day's High: $11.01 Week Perf: -2.36 %
Day's Low: $ 10.66 30 Day Perf: -3.24 %
Volume (M): 23 52 Wk High: $ 17.61
Volume (M$): $ 243 52 Wk Avg: $11.93
Open: $10.94 52 Wk Low: $9.24



 Market Capitalization (Millions $) 120
 Shares Outstanding (Millions) 11
 Employees 267
 Revenues (TTM) (Millions $) 92
 Net Income (TTM) (Millions $) 9
 Cash Flow (TTM) (Millions $) 203
 Capital Exp. (TTM) (Millions $) 15

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

-4.24 %

11.09 %

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


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BKU   -4.84%    
BRKL   -5.66%    
CFFN      0% 
NRIM   -1.22%    
TFSL   -3.07%    
WSBF   -4.21%    
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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.

Dividend

First Guaranty Bancshares, Inc. Sets New Record with 122nd Consecutive Quarterly Dividend, Making Investors Smile

Published Tue, Nov 21 2023 4:19 PM UTC

First Guaranty Bancshares, Inc. Continues Its Record of Quarterly Dividends as Pay Out Ratio Reaches All-Time High
HAMMOND, La., Nov. 21, 2023 - First Guaranty Bancshares, Inc. (First Guaranty), a leading financial institution in the industry, has recently announced its 122nd consecutive quarterly cash dividend to shareholders. This remarkable milestone not only demonstr...

First Guaranty Bancshares Inc

S&Ls Savings Banks Company Reports Disappointing Decline in Q3 2023 Revenue

The stock market is a complex and dynamic entity that is constantly impacted by various factors. One such factor is the financial performance of companies, which is reflected in their revenue and earnings. First Guaranty Bancshares Inc, a prominent player in the market, recently reported some interesting figures for its most recent fiscal period.
The company experienced a significant decline in revenue, with a reduction of -20.212%. This led to a corresponding fall in earnings, which plummeted by -85.71%. In terms of numbers, First Guaranty Bancshares recorded $22.31 million in revenue, as compared to $27.96 million in the previous year. Similarly, earnings per share (EPS) dropped from $0.70 to $0.10.

First Guaranty Bancshares Inc

First Guaranty Bancshares Inc. Faces Alarming -17.461% Drop in Revenue for Q2 2023

irst Guaranty Bancshares Inc., a financial institution operating in the Savings Banks sector, recently released its financial results for the fiscal interval ending June 30, 2023. The report reveals a distressing decline in earnings per share (EPS) and income, accompanied by a substantial drop in revenue. This performance stands in stark contrast to the overall trend observed in the S&Ls Savings Banks sector, which witnessed a revenue rise during the same period. In addition to the financial results, the company's stock has experienced gains in recent times. However, these gains should be examined in light of the overall financial situation.
Declining Financial Performance:
First Guaranty Bancshares Inc.'s EPS for the fiscal interval ending June 30, 2023, plummeted by 72.86% from $0.70 to $0.19 per share compared to the previous year. Similarly, the company's income faded by 29.63% from $0.27 per share in the previous reporting period. Furthermore, the revenue receded substantially by 17.461% to $23.18 million from $28.08 million in the comparable reporting period a year before. Sequentially, revenue decreased by 6.132% from $24.69 million.

First Guaranty Bancshares Inc

First Guaranty Bancshares Inc Delivers Modest Effort during Q1 2023, but Revenue Per Employee Raises Concerns

Investing in the stock market is always a risky business, and it's important to do your due diligence before making any decisions. When considering First Guaranty Bancshares Inc, there are several factors to keep in mind.
Firstly, the productivity of the company's employees has remained above the company average, which is a positive sign. However, it's worth noting that the company's revenue per employee has fallen on a trailing twelve month basis, which is cause for concern.






 

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