Logo

FGBI

First Guaranty Bancshares, Inc.

FGBI

First Guaranty Bancshares, Inc. • NASDAQ
$4.79 ▼ -0.21% (-0.01)
Market Cap $73.54 M
52w High $15.25
52w Low $4.67
Dividend Yield 0.04%
P/E -1.08
Volume 13.90K
Outstanding Shares 15.35M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $54.97M ▼ $29.785M ▲ $-45.003M ▼ -81.868% ▼ $-3.28 ▼ $-52.942M ▼
Q2-2025 $55.975M ▼ $16.765M ▼ $-7.303M ▼ -13.047% ▼ $-0.5 ▲ $-8.511M ▼
Q1-2025 $56.467M ▼ $17.667M ▲ $-6.166M ▼ -10.92% ▼ $-0.54 ▼ $-6.769M ▼
Q4-2024 $59.789M ▼ $17.457M ▼ $1.01M ▼ 1.689% ▼ $0.034 ▼ $2.373M ▼
Q3-2024 $61.408M $19.282M $1.927M 3.138% $0.11 $3.539M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.106B ▲ $3.797B ▼ $3.576B ▼ $221.075M ▼
Q2-2025 $1.087B ▲ $3.97B ▲ $3.706B ▲ $263.088M ▲
Q1-2025 $864.461M ▲ $3.829B ▼ $3.578B ▼ $251.445M ▼
Q4-2024 $845.125M ▲ $3.973B ▲ $3.718B ▲ $255.049M ▼
Q3-2024 $705.703M $3.924B $3.668B $256.396M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-45.003M ▼ $29.425M ▲ $136.075M ▲ $-126.187M ▼ $39.313M ▼ $28.737M ▲
Q2-2025 $-7.303M ▼ $-18.317M ▼ $-29.385M ▼ $144.143M ▲ $96.441M ▲ $-18.59M ▼
Q1-2025 $-6.166M ▼ $5.389M ▼ $185.656M ▲ $-136.824M ▼ $54.221M ▼ $5.181M ▼
Q4-2024 $1.01M ▼ $18.98M ▲ $133.292M ▲ $44.315M ▼ $196.587M ▲ $18.69M ▲
Q3-2024 $1.927M $4.854M $-240.093M $303.894M $68.655M $4.992M

Five-Year Company Overview

Income Statement

Income Statement Revenue has been climbing steadily over the last five years, showing that the bank is growing its business base. However, profit margins have been squeezed more recently. Earnings peaked a few years ago and then fell back, even as revenue continued to rise. This pattern suggests rising costs of funding, higher operating expenses, or pressure on loan profitability. The bank remains profitable, but the quality of those profits looks less robust than in its best years, and earnings per share have come down from prior highs.

Balance Sheet

Balance Sheet The balance sheet shows a bank that has grown consistently, with total assets expanding each year. Equity has also increased over time, which is a healthy sign of retained strength. Cash levels today are meaningfully higher than they were a few years ago, giving a bit more flexibility and liquidity. Debt has stepped up compared with the past, which can support growth but also adds financing risk if conditions tighten. Overall, it looks like a growing regional bank with a stronger capital base than before, but also a bit more reliant on borrowed funds.

Cash Flow

Cash Flow Operating cash flow has remained positive and fairly stable, which is important for a bank that must meet depositor and lending demands. Free cash flow has also been consistently positive, and spending on physical investments has been modest. This indicates a generally self-funding model, without heavy drain from capital projects. The trade‑off is that cash generation is steady rather than rapidly improving, so there is not a clear acceleration in financial flexibility, but rather a stable, predictable cash profile.

Competitive Edge

Competitive Edge First Guaranty sits in the traditional community and regional banking space, competing mainly on relationships, local knowledge, and service rather than on cutting‑edge technology. Its long history and community presence across several states give it trust and familiarity with local customers, which can be a real advantage against larger but less personal banks. At the same time, the bank operates in a crowded field, facing competition from big national players, other community banks, and online lenders. Its edge appears “narrow but real”: strong relationships and local reputation, but not a dominant, unassailable position.

Innovation and R&D

Innovation and R&D The bank is not a technology pioneer, but it is clearly using modern tools to support its traditional model. Its mobile app and online services are fairly standard, aimed at convenience rather than disruption. More interesting are its marketing automation efforts and interactive teller machines, which blend personal service with efficiency and extended hours. Recent plans to lean more on automation and partnerships (like with Finastra and Marquis) show a push to do more with a smaller, more efficient operation. The key question is execution: if the bank can upgrade technology without losing its personal touch, it can gradually strengthen its economics; if not, the tech investments may simply offset rising costs.

Summary

First Guaranty Bancshares looks like a steadily growing community bank that has recently run into margin pressure. Revenue growth and rising assets are positives, and capital and liquidity are stronger than they were several years ago. However, profitability has slipped from earlier peaks, pointing to a more challenging environment for earning strong returns on its loans and deposits. Its competitive strength lies in long‑standing local relationships and community presence, now being supported by incremental technology upgrades rather than radical innovation. The main themes to watch are whether the bank can rebuild earnings quality through cost control and automation, and whether it can maintain its relationship‑driven culture while modernizing its operations.