First Guaranty Bancshares, Inc. FGBIP
First Guaranty Bancshares, Inc. ("First Guaranty" or "First Guaranty Bancshares") is a Louisiana corporation, and financial holding company headquartered in Hammond, Louisiana. Our wholly owned subsidiary, First Guaranty Bank (the "Bank"), a Louisiana state-chartered commercial bank, provides personalized commercial banking services customers through 30 banking facilities. The facilities are primarily located in the metropolitan/micropolitan statistical areas ("MSAs"), of Hammond, Baton Rouge, Lafayette, Shreveport-Bossier City, and Alexandria, Louisiana; Dallas-Fort Worth-Arlington and Waco, Texas; Vanceburg, Kentucky; and Bridgeport, West Virginia. As announced in a Current Report on Form 8-K filed on March 9, 2026, First Guaranty has entered into a purchase and assumption agreement pursuant to which it would exit the Dallas-Fort Worth-Arlington and Waco, Texas markets.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $213.3M | $221.7M | $183.0M | $136.6M | $111.9M | $100.7M | $91.6M | $78.4M | $67.5M | $58.5M |
| Operating income | -$46.2M | — | — | — | — | — | — | — | — | — |
| Interest expense | $86.9M | $88.4M | $84.7M | $36.5M | $22.3M | $26.0M | $30.0M | $21.4M | $14.4M | $10.1M |
| Pre-tax income | -$68.6M | $16.0M | $11.9M | $36.4M | $34.5M | $25.5M | $17.9M | $17.7M | $19.1M | $21.3M |
| Income tax | $12.5M | $3.6M | $2.7M | $7.5M | $7.2M | $5.2M | $3.7M | $3.5M | $7.4M | $7.2M |
| Net income | -$56.0M | $12.4M | $9.2M | $28.9M | $27.3M | $20.3M | $14.2M | $14.2M | $11.8M | $14.1M |
| EPS, basic | -4.17 | 0.81 | 0.62 | 2.48 | 2.42 | 1.90 | 1.34 | 1.47 | 1.21 | 1.68 |
| Shares, diluted (wtd. avg.) | $14.0M | $12.5M | $11.2M | $10.7M | $10.7M | $10.7M | $10.7M | $9.7M | $9.7M | $8.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $845.7M | $564.2M | $286.5M | $83.2M | $261.9M | $299.6M | $67.4M | $128.0M | $38.0M | $18.1M |
| Property, plant and equipment | $59.6M | $67.8M | $69.8M | $58.2M | $58.6M | $59.9M | $56.5M | $39.7M | $38.0M | $23.5M |
| Goodwill | $0 | $12.9M | $12.9M | $12.9M | $12.9M | $12.9M | $12.9M | $3.5M | $3.5M | $2.0M |
| Other intangibles | $2.6M | $3.5M | $4.3M | $5.0M | $5.9M | $6.6M | $7.2M | $3.5M | $4.4M | $1.1M |
| Total assets | $4.08B | $3.97B | $3.55B | $3.15B | $2.88B | $2.47B | $2.12B | $1.82B | $1.75B | $1.50B |
| Short-term debt | $7.1M | $7.0M | $66.3M | $146.4M | $6.4M | $56.1M | $19.9M | $0 | $15.5M | $6.5M |
| Long-term debt | $179.0M | $194.9M | $209.1M | $36.9M | $43.2M | $60.5M | $63.3M | $34.5M | $37.4M | $36.7M |
| Total liabilities | $3.85B | $3.72B | $3.30B | $2.92B | $2.65B | $2.29B | $1.95B | $1.67B | $1.61B | $1.38B |
| Retained earnings | $14.1M | $73.0M | $68.0M | $76.4M | $56.7M | $37.1M | $43.3M | $34.9M | $44.5M | $39.0M |
| Total equity | $263.1M | $255.1M | $249.6M | $235.0M | $223.9M | $178.6M | $166.0M | $147.3M | $144.0M | $124.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$8.3M | $33.7M | $21.7M | $36.9M | $26.5M | $23.8M | $29.1M | $26.9M | $12.3M | $22.2M |
| Depreciation and amortisation | $4.3M | $4.4M | $4.0M | $4.1M | $4.8M | $3.8M | $3.1M | $3.3M | $2.4M | $2.2M |
| Capital expenditure | $1.7M | $3.0M | $14.9M | $2.6M | $2.2M | $6.3M | $11.9M | $3.8M | $6.8M | $4.1M |
| Investing cash flow | $129.9M | -$142.1M | -$206.1M | -$467.9M | -$452.6M | -$128.5M | -$131.9M | $6.8M | -$83.0M | -$67.8M |
| Financing cash flow | $159.9M | $386.1M | $387.6M | $252.3M | $388.5M | $336.9M | $42.3M | $56.3M | $90.6M | $26.4M |
| Dividends paid | $560.0K | $5.1M | $7.4M | $6.9M | $6.4M | $6.2M | $5.8M | $5.6M | $5.2M | $4.9M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001408534-26-000021.
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|---|---|---|---|---|
| AX | Axos Financial, Inc. | $5.56B | 11.6x | 23.5% |
| EBC | Eastern Bankshares, Inc. | $5.08B | 51.7x | 19.1% |
| TFSL | TFS Financial CORP | $4.93B | 54.9x | 4.0% |
| BKU | BankUnited, Inc. | $3.30B | 13.1x | 7.4% |
| PFS | PROVIDENT FINANCIAL SERVICES INC | $3.09B | 10.6x | 7.1% |
| CFFN | Capitol Federal Financial, Inc. | $1.11B | 17.1x | 6.5% |
| HTB | HomeTrust Bancshares, Inc. | $788.8M | 12.7x | -2.1% |
| KRNY | Kearny Financial Corp. | $657.7M | 17.8x | -0.1% |