First Guaranty Bancshares, Inc.
NASDAQ Global MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Michael Ray Mineer
- Full Time Employees
- 346
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 400 East Thomas Street Hammond LA United States of America 70401
- IPO Date
- Aug 13, 2012
- CIK
- 0001408534
- Website
- fgb.net
- Similar Companies
- Business
- First Guaranty Bancshares, Inc. operates as a bank holding company primarily engaged in commercial banking services through its wholly owned subsidiary, First Guaranty Bank. The company offers a comprehensive range of financial products and services, including commercial real estate loans; commercial and industrial loans; construction and land development loans; agricultural and farmland loans; consumer loans; multifamily loans; deposit accounts such as personal and business checking, savings, time deposits, and money market accounts; SBA loans; treasury management services; lockbox services; ACH debit block/filter; ACH origination; online wire transfers; remote deposit capture; point of sale terminals; mortgage loans; credit cards; and digital banking services accessible via its MyFGB mobile app and online banking platforms. It serves retail, small business, and municipal customers primarily across Louisiana, Texas, Kentucky, and West Virginia. Founded in 1934 and headquartered in Covington, Louisiana, First Guaranty Bancshares also maintains over 35 branch locations in these states. Recent significant developments include the June 2024 completion of a $14.7 million sale-leaseback transaction involving two standalone branches and part of the headquarters building, generating a pre-tax gain of approximately $13 million and resulting in an ongoing annual rent expense. The company reported asset growth with total assets reaching $3.9 billion as of September 30, 2024, up from $3.6 billion at the end of 2023, alongside growth in investment securities and deposits. It has strategically expanded its capital base through issuances of common stock via a bonus plan and private placement in 2023 and early 2024. Additionally, it continues to focus on credit risk management amidst an increase in nonaccrual loans primarily linked to a commercial real estate relationship in the Midwest. The company maintains a consistent dividend payment history and has recently enhanced its digital banking offerings to support customer convenience and operational efficiency. First Guaranty Bancshares operates within the financial services industry, focusing on community banking and related financial services to regional markets in the southern and midwestern United States. Its business strategy emphasizes personalized customer service, regional market penetration, and diversified loan and deposit products aimed at serving a broad customer base including individuals, small businesses, and municipalities. The company is publicly traded under the ticker FGBI on NASDAQ.
First Guaranty Bancshares (FGBI) Surges 10.4%: Is This an Indication of Further Gains?
First Guaranty Bancshares, Inc. (FGBI) Shareholder/Analyst Call Prepared Remarks Transcript
First Guaranty Bancshares (NASDAQ:FGBI) Director Edgar Smith III Buys 138,083 Shares of Stock
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First Guaranty Bancshares (FGBI) Moves 19.7% Higher: Will This Strength Last?
First Guaranty Bancshares (NASDAQ:FGBI) Director Bruce Mcanally Buys 92,600 Shares of Stock
First Guaranty Bancshares (NASDAQ:FGBI) Director Marshall Reynolds Acquires 46,297 Shares of Stock
First Guaranty Bancshares (NASDAQ:FGBI) Director Edgar Smith III Acquires 208,996 Shares
First Guaranty Bancshares (FGBI) Reports Q3 Loss, Misses Revenue Estimates
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First Guaranty Bancshares (FGBI) Reports Q2 Loss, Lags Revenue Estimates
First Guaranty (FGBI) Q2 Loss Jumps 194%
First Guaranty Bancshares (FGBI) Reports Q1 Loss, Tops Revenue Estimates
First Guaranty: Declining Asset Quality Warrants Caution Despite Cheap Shares
First Guaranty Bancshares (FGBI) Surges 6.7%: Is This an Indication of Further Gains?
First Guaranty Bancshares (FGBI) Q4 Earnings Surpass Estimates
Should Value Investors Buy First Guaranty Bancshares (FGBI) Stock?