First Guaranty Bancshares, Inc. Financial Ratios — FGBIP

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	12.88	21.77	16.35	21.22	26.68	26.87	23.36	29.03	29.17	40.28	44.98	34.39	8.23	12.2	-101.2
Return on Assets (%)	0.65	0.87	0.64	0.76	0.97	0.95	0.72	0.8	0.72	0.89	1.02	0.96	0.28	0.33	-1.39
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	3.5	3.93	4.47	4.36	3.6	3.86	4.05	5.38	4.45	3.89	4.84	3.76	4.31	3.97	4.58
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	23.94	33.61	29.06	34.01	38.75	37.42	31.74	28.93	26.03	26.3	34.94	33.29	12.73	14.35	-73.14
Profit Margin (%)	16.36	22.61	19.36	22.84	26.18	24.81	19.48	23.27	20.71	20.92	27.68	26.43	9.86	11.16	-59.76
Net Income to Common Margin (%)	12.34	18.92	17.86	22.03	25.49	24.81	19.48	23.27	20.71	20.92	26.28	24.3	7.37	9.07	-62.24
Effective Tax Rate (%)	31.67	32.71	33.35	32.85	32.43	33.7	38.64	19.59	20.43	20.44	20.77	20.63	22.5	22.23	- -
Dvd Payout Ratio (%)	57.07	40	47.75	37.18	30.08	34.56	44.34	39.65	40.75	30.68	24.67	25.83	106.95	50.66	-0.96
Sustainable Growth Rate (%)	5.53	13.06	8.54	13.33	18.66	17.59	13	17.52	17.28	27.92	33.88	25.51	-0.57	6.02	-102.17

Credit (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	3	3	2	3	42	43	53	35	80	111	43	177	269	195	179
ST Debt	- -	2	2	2	2	6	16	- -	13	50	- -	140	60	- -	- -
LT Debt	3	1	- -	1	40	37	37	35	67	61	43	37	209	195	179
Total Debt/EBITDA	1.86	1.38	1.09	1.52	21.16	19.74	21.66	10.5	26.14	29.23	9.05	43.06	66.84	43.98	41.73
Net Debt/EBITDA	-23.64	-38.74	-28.07	-23.97	2.27	11.59	6.44	-28.24	4.38	-49.83	-45.77	22.91	-4.23	-83.28	-155.34
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	3.2	3.51	3.74	3.18	3.94	3.15	3.04	2.46	2.5	1.93	2.34	2.76	2.26	2.15	0.73
Long-Term Debt/Equity (%)	2.53	0.82	0.41	1.04	34.19	29.54	26	23.45	40.25	33.88	19.29	15.71	83.76	76.42	79.13
Long-Term Debt/Capital (%)	3.72	1.2	0.52	1.6	40.52	40.55	35.25	43.62	50.27	38.21	30.08	12.43	54.65	62.19	74
Long-Term Debt/Total Assets (%)	0.24	0.08	0.03	0.1	2.77	2.45	2.14	1.9	3.16	2.45	1.5	1.17	5.89	4.91	4.39
Total Debt/Equity (%)	2.53	2.16	1.86	2.33	35.71	34.77	36.77	23.45	48.13	61.88	19.29	75.29	107.8	76.42	79.13
Total Debt/Capital (%)	3.72	3.16	2.41	3.58	42.32	47.73	49.84	43.62	60.11	69.78	30.08	59.56	70.33	62.19	74
Total Debt/Total Assets (%)	0.24	0.21	0.16	0.21	2.89	2.88	3.02	1.9	3.77	4.47	1.5	5.61	7.57	4.91	4.39
Net Debt to Equity	-32.08	-60.51	-48.03	-36.79	3.84	20.42	10.93	-63.06	8.07	-105.49	-97.62	40.06	-6.82	-144.72	-294.58
Net Debt/Capital (%)	-96.38	-1,066.73	-174.62	-141.12	7.3	34.91	22.8	192.52	20.17	134.05	185.02	43.93	-17.63	147.3	110.42
EBITDA	2	2	2	2	2	2	2	3	3	4	5	4	4	4	4
EBITDA-CapEx	-1	1	- -	- -	-2	-2	-4	- -	-9	-3	3	1	-11	1	3
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	3.2	3.51	3.74	3.18	3.94	3.15	3.04	2.46	2.5	1.93	2.34	2.76	2.26	2.15	0.73
Long-Term Debt/Equity (%)	2.53	0.82	0.41	1.04	34.19	29.54	26	23.45	40.25	33.88	19.29	15.71	83.76	76.42	79.13
Long-Term Debt/Capital (%)	3.72	1.2	0.52	1.6	40.52	40.55	35.25	43.62	50.27	38.21	30.08	12.43	54.65	62.19	74
Long-Term Debt/Total Assets (%)	0.24	0.08	0.03	0.1	2.77	2.45	2.14	1.9	3.16	2.45	1.5	1.17	5.89	4.91	4.39
Total Debt/Equity (%)	2.53	2.16	1.86	2.33	35.71	34.77	36.77	23.45	48.13	61.88	19.29	75.29	107.8	76.42	79.13
Total Debt/Capital (%)	3.72	3.16	2.41	3.58	42.32	47.73	49.84	43.62	60.11	69.78	30.08	59.56	70.33	62.19	74
Total Debt/Total Assets (%)	0.24	0.21	0.16	0.21	2.89	2.88	3.02	1.9	3.77	4.47	1.5	5.61	7.57	4.91	4.39
CFO/Total Liabilities	1.46	1.33	1.31	1.22	1.28	1.61	0.76	1.61	1.49	1.04	1	1.26	0.66	0.91	-0.21
CFO/CapEx	7.69	10.79	9.77	10.07	3.91	5.41	1.8	7.1	2.44	3.76	12.03	13.95	1.45	11.08	-4.88
Altman's Z-Score	0.07	0.08	0.08	0.07	0.09	0.07	0.07	0.06	0.06	0.06	0.06	0.07	0.05	0.05	0.03

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	6.22	7.19	7.28	7.78	8.94	8.7	8.03	8.31	9.09	9.55	8.23	8.73	6.51	7.3	6.87
Days Sales Outstanding	58.7	50.79	50.11	46.94	40.84	41.94	45.44	43.91	40.15	38.23	44.38	41.82	56.06	50.02	53.16
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Cash & Cash Equivalents	44	84	62	55	38	18	37	127	67	299	262	83	286	564	845
+ Preferred Equity and Hybrid Capital	39	39	39	39	- -	- -	- -	- -	- -	- -	33	33	33	33	33
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	3	3	2	3	42	43	53	35	80	111	43	177	269	195	179
Enterprise Value	-522	-642	-504	-512	-372	-372	-366	-390	-327	-427	-396	-4	-67	-617	-1,290
Total Capital	86	92	96	91	100	91	106	79	133	158	144	297	383	313	242
Total Debt/Capital (%)	3.72	3.16	2.41	3.58	42.32	47.73	49.84	43.62	60.11	69.78	30.08	59.56	70.33	62.19	74
Total Debt / EV	-0.01	- -	- -	-0.01	-0.11	-0.12	-0.14	-0.09	-0.24	-0.26	-0.11	-41.44	-3.99	-0.32	-0.14
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Enterprise Value	-1	-42	-20	-12	5	25	16	-93	13	-188	-185	127	16	-336	-633
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Sales	49	53	47	49	55	57	60	61	69	97	99	109	93	112	94
TTM EBITDA	2	2	2	2	2	2	2	3	3	4	5	4	4	4	4
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	18	17	17	17	17	22	12	27	29	24	27	37	22	34	-8
TTM Free Cash Flow to Firm	20	18	19	18	22	26	19	31	41	30	29	40	37	37	-7

Multiples (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-522	-642	-504	-512	-372	-372	-366	-390	-327	-427	-396	-4	-67	-617	-1,290
Low Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	25.04	23.55	15.57	16.48	14.42
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales Average	- -	- -	- -	- -	0.08	0.45	0.26	- -	0.19	- -	- -	1.16	0.17	- -	- -
EV/Sales High	- -	- -	- -	- -	0.08	0.45	0.26	- -	0.19	- -	- -	1.16	0.17	- -	- -
EV/Sales Low	- -	- -	- -	- -	0.08	0.45	0.26	- -	0.19	- -	- -	1.16	0.17	- -	- -
EV/EBITDA Average	-0.69	-19.92	-9.39	-5.56	2.27	11.59	6.44	-28.24	4.38	-49.83	-38.85	30.95	3.98	-75.82	-147.63
EV/EBITDA High	-0.69	-19.92	-9.39	-5.56	2.27	11.59	6.44	-28.24	4.38	-49.83	-38.85	30.95	3.98	-75.82	-147.63
EV/EBITDA Low	-0.69	-19.92	-9.39	-5.56	2.27	11.59	6.44	-28.24	4.38	-49.83	-38.85	30.95	3.98	-75.82	-147.63
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	26.9	24.02	18.95	20.03	15.44
High Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	29.16	29	25.31	23.25	22.51
Enterprise Value Average	-1	-42	-20	-12	5	25	16	-93	13	-188	-185	127	16	-336	-633
Enterprise Value High	-1	-42	-20	-12	5	25	16	-93	13	-188	-185	127	16	-336	-633
Enterprise Value Low	-1	-42	-20	-12	5	25	16	-93	13	-188	-185	127	16	-336	-633

Shares Outstanding	9	9	9	9	10	10	11	11	11	11	11	11	12	13	16
Diluted Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Revenue per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted EPS, GAAP	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow per Basic Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash & Equivalents per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Book Value per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Tangible Book Value per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

First Guaranty Bancshares, Inc.

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