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First Guaranty Bancshares, Inc.

First Guaranty Bancshares, Inc.

NASDAQ•FGBI
CEO: Mr. Eric John Dosch C.F.A.
Sector: Financial Services
Industry: Banks - Regional
Listing Date: 2012-08-13
First 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 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. First Guaranty Bancshares, Inc. was founded in 1934 and is headquartered in Hammond, Louisiana.
Contact Information
400 East Thomas Street, Hammond, LA, 70401, United States
985-345-7685
www.fgb.net
Market Cap
$125.74M
P/E (TTM)
-1.9
15.5
Dividend Yield
0.5%
52W High
$10.60
52W Low
$4.31
52W Range
62%
Rank48Top 64.4%
3.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$54.97M-10.48%
4-Quarter Trend

EPS

-$3.28-3081.82%
4-Quarter Trend

FCF

$28.74M+475.66%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Significant Quarterly Net Loss Q3 2025 reported net loss of $(45.0)M, a sharp reversal from $1.9M income year-over-year, driven by credit provisions.
Loan Portfolio Shrinkage Net loans decreased 15.4% ($414.0M) year-to-date to $2.28B, reflecting management's strategic focus on reducing risk.
Credit Provision Surge Provision for credit losses spiked to $47.9M in Q3, primarily due to establishing a specific reserve for a troubled commercial lease.
Goodwill Impairment Recorded The company recognized a one-time, non-cash goodwill impairment charge totaling $12.9M triggered by stock price decline.

Risk Factors

Concentrated Credit Deterioration $52.0M commercial lease exposure was downgraded to substandard following an auto parts manufacturer bankruptcy filing.
Asset Quality Decline Non-performing loans increased to $114.3M (5.01% of loans), necessitating the Allowance for Credit Losses to reach $85.7M.
Net Interest Margin Compression Q3 Net Interest Margin fell 17 basis points to 2.34% as lower yields on earning assets outpaced liability cost reductions.
Shareholder Equity Reduction Total shareholders' equity decreased to $221.1M, largely due to the $58.5M net loss recorded over the nine-month period.

Outlook

Credit Cost Uncertainty Management believes the current allowance covers expected losses, but economic uncertainty may require additional increases in future periods.
Continued Risk Reduction Strategy The bank plans to continue its modified business strategy aimed at reducing exposure to commercial real estate related loans.
Capital Preservation Focus Capital ratios remain above regulatory minimums; common stock dividend was reduced to preserve capital under the new strategy.
Deposit Mix Management Management will continue evaluating deposit product mix and technology to attract and retain lower-cost funding sources.

Peer Comparison

Revenue (TTM)

BCB Bancorp, Inc.BCBP
$184.62M
-8.7%
First Guaranty Bancshares, Inc.FGBI
$180.76M
-23.8%
MainStreet Bancshares, Inc.MNSB
$138.62M
+2.0%

Gross Margin (Latest Quarter)

Eagle Bancorp Montana, Inc.EBMT
71.4%
+7.2pp
SB Financial Group, Inc.SBFG
71.4%
+3.1pp
Patriot National Bancorp, Inc.PNBK
55.6%
+15.0pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
PNBK$171.28M-6.2-35.9%1.7%
FCAP$170.67M16.65.8%0.0%
EBMT$163.81M11.97.5%6.5%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-2.8%
Flat Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Next earnings:Jan 29, 2026
|
EPS:-$0.29
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 17, 2025|
    Revenue: $54.97M-10.5%
    |
    EPS: $-3.28-3081.8%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 18, 2025|
    Revenue: $55.98M-18.6%
    |
    EPS: $-0.50-194.3%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 12, 2025|
    Revenue: $10.03M-81.7%
    |
    EPS: $-0.54-485.7%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 17, 2025|
    Revenue: $244.78M+27.6%
    |
    EPS: $0.81+30.6%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 12, 2024|
    Revenue: $61.41M+23.6%
    |
    EPS: $0.11+10.0%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 9, 2024|
    Revenue: $68.78M+49.0%
    |
    EPS: $0.53+178.9%
    Beat
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 10, 2024|
    Revenue: $54.80M+25.7%
    |
    EPS: $0.14-48.1%
    Beat
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 15, 2024|
    Revenue: $191.78M+31.5%
    |
    EPS: $0.62-75.0%
    Beat