First Guaranty Bancshares, Inc.
Business
First Guaranty Bancshares, Inc. is a financial holding company whose subsidiary, First Guaranty Bank, is a Louisiana state-chartered commercial bank serving customers across Louisiana, Texas, Kentucky, and West Virginia. The bank attracts deposits from consumers, businesses, and municipalities, and deploys capital through commercial real estate, commercial and industrial, residential mortgage, construction, agricultural, and consumer lending. The bank also offers deposit accounts, digital banking, credit cards, merchant services, and treasury management.
Summary from 10-K filed 2026-03-31
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Loans (including fees) | 159 | 190 | 167 | 126 | 103 | |
| Deposits with other banks | 30 | 17 | 6 | 1 | 316,000 | |
| Securities (including FHLB stock) | 25 | 14 | 10 | 9 | 8 | |
| Total Interest Income | 213 | 222 | 183 | 137 | 112 | |
| Demand deposits | 50 | 65 | 60 | 21 | 7 | |
| Savings deposits | 5 | 5 | 4 | 915,000 | 204,000 | |
| Time deposits | 61 | 49 | 24 | 11 | 13 | |
| Borrowings | 11 | 14 | 11 | 4 | 2 | |
| Total Interest Expense | 126 | 133 | 98 | — | — | |
| Net Interest Income | 87 | 88 | 85 | 100 | 90 | |
| Less: Provision for credit losses | 82 | 20 | 4 | 4 | — | |
| Net Interest Income after Provision for Credit Losses | 5 | 68 | 81 | 96 | 88 | |
| Service charges, commissions and fees | 3 | 3 | 3 | 3 | 3 | |
| ATM and debit card fees | 3 | 3 | 3 | 3 | 4 | |
| Net gains on sale of loans | 0 | 1 | 12,000 | 2 | 942,000 | |
| Net (losses) gains on sale of assets | −524,000 | 13 | 23,000 | — | — | |
| Other | 3 | 4 | 4 | 3 | 3 | |
| Total Noninterest Income | 8 | 25 | 11 | 11 | 11 | |
| Salaries and employee benefits | 30 | 38 | 40 | 37 | 32 | |
| Occupancy and equipment expense | 10 | 10 | 9 | 9 | 9 | |
| Goodwill impairment | 13 | 0 | — | — | — | |
| Other | 29 | 29 | 30 | 25 | 23 | |
| Total Noninterest Expense | 82 | 77 | 80 | 71 | 64 | |
| (Loss) Income Before Income Taxes | −69 | 16 | 12 | 36 | 34 | |
| (Benefit) Provision for income taxes | −13 | 4 | 3 | 8 | 7 | |
| Net (Loss) Income | −56 | 12 | 9 | 29 | 27 | |
| Less: Preferred stock dividends | 2 | 2 | 2 | 2 | 1 | |
| Net (Loss) Income Available to Common Shareholders | −58 | 10 | 7 | 27 | 26 | |
| Earnings (in dollars per share) | −4.17 | 0.81 | 0.62 | 2.48 | 2.42 | |
| Cash dividends paid (in dollars per share) | 0.04 | 0.41 | 0.64 | 0.64 | 0.6 | |
| Weighted Average Common Shares Outstanding (in shares) | 14 | 13 | 11 | 11 | 11 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2025 2025-09-30 | FY 2025 2025-06-30 | FY 2025 2025-03-31 | FY 2024 2024-12-31 |
|---|---|---|---|---|---|---|
| Cash and due from banks | 845 | — | — | — | 564 | |
| Federal funds sold | 551,000 | — | — | — | 430,000 | |
| Cash and cash equivalents | 846 | — | — | — | 564 | |
| Interest-earning time deposits with banks | 250,000 | — | — | — | 250,000 | |
| Available for sale, at fair value (cost of $674,139 and $284,321, respectively) | 677 | — | — | — | 281 | |
| Held to maturity, at cost and net of allowance for credit losses of $150 (estimated fair value of $268,094 and $251,458, respectively) | 323 | — | — | — | 322 | |
| Investment securities | 999 | — | — | — | 603 | |
| Federal Home Loan Bank stock, at cost | 10 | — | — | — | 10 | |
| Loans, net of unearned income | 2,070 | — | — | — | 2,694 | |
| Less: allowance for credit losses | 41 | — | — | — | 35 | |
| Net loans | 2,029 | — | — | — | 2,659 | |
| Premises and equipment, net | 60 | — | — | — | 68 | |
| Goodwill | 0 | — | — | — | 13 | |
| Intangible assets, net | 3 | — | — | — | 3 | |
| Other real estate, net | 35 | — | — | — | 319,000 | |
| Accrued interest receivable | 12 | — | — | — | 15 | |
| Other assets | 84 | — | — | — | 38 | |
| Total Assets | 4,078 | — | — | — | 3,973 | |
| Noninterest-bearing demand | 415 | — | — | — | 404 | |
| Interest-bearing demand | 1,165 | — | — | — | 1,387 | |
| Savings | 214 | — | — | — | 234 | |
| Time | 1,839 | — | — | — | 1,451 | |
| Total deposits | 3,633 | — | — | — | 3,476 | |
| Repurchase agreements | 7 | — | — | — | 7 | |
| Accrued interest payable | 18 | — | — | — | 20 | |
| Long-term advances from Federal Home Loan Bank | 135 | — | — | — | 135 | |
| Senior long-term debt | 14 | — | — | — | 15 | |
| Junior subordinated debentures | 30 | — | — | — | 45 | |
| Other liabilities | 15 | — | — | — | 19 | |
| Total Liabilities | 3,852 | — | — | — | 3,718 | |
| Non-cumulative perpetual; 34,500 shares issued and outstanding, respectively | 33 | — | — | — | 33 | |
| Common stock, $1 par value - 100,600,000 shares authorized; 15,793,433 and 12,504,717 shares issued and outstanding | 16 | — | — | — | 13 | |
| Surplus | 171 | — | — | — | 149 | |
| Retained earnings | 14 | — | — | — | 73 | |
| Accumulated other comprehensive (loss) income | −7 | — | — | — | −13 | |
| Total Shareholders' Equity | 226 | 221 | 263 | 251 | 255 | |
| Total Liabilities and Shareholders' Equity | 4,078 | — | — | — | 3,973 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 4 | 4 | 4 | 4 | 5 | |
| Change in right of use asset | 509,000 | 276,000 | — | — | — | |
| Amortization/Accretion of investments | −3 | −3 | 987,000 | 2 | −104,000 | |
| Loss (gain) on sale of assets | 623,000 | −15 | −35,000 | −2 | −965,000 | |
| Repossessed asset write downs, gains and losses on dispositions | 433,000 | 397,000 | 150,000 | 96,000 | 536,000 | |
| Interest expense paid-in-kind | 2 | 0 | — | — | — | |
| FHLB stock dividends | −500,000 | −775,000 | −358,000 | −20,000 | −13,000 | |
| Change in operating lease liabilities | −474,000 | −258,000 | — | — | — | |
| Change in other assets and liabilities, net | −51 | 14 | 4 | 179,000 | −6 | |
| Net Cash (Used In) Provided by Operating Activities | −8 | 34 | 22 | 37 | 27 | |
| Increase in interest bearing deposits | 0 | −250,000 | 0 | — | — | |
| Proceeds from maturities, calls and sales of AFS securities | 201 | 169 | 51 | 53 | 418 | |
| Funds invested in AFS securities | −588 | −365 | −3 | −153 | −552 | |
| Proceeds from maturities and calls of HTM securities | 970,000 | 0 | 289,000 | 0 | — | |
| Funds invested in HTM securities | −970,000 | 0 | — | — | — | |
| Proceeds from sale/redemption of Federal Home Loan Bank stock | 0 | 9 | 2 | 2 | 2 | |
| Funds invested in Federal Home Loan Bank stock | 0 | −4 | −9 | −7 | −155,000 | |
| Net decrease in loans | 517 | 37 | −234 | — | — | |
| Purchases of premises and equipment | −2 | −3 | −15 | −3 | −2 | |
| Proceeds from sales of premises and equipment | 1 | 15 | 324,000 | 70,000 | 77,000 | |
| Proceeds from sales of other real estate owned | 142,000 | 953,000 | 101,000 | 2 | 1 | |
| Net Cash Provided By (Used In) Investing Activities | 130 | −142 | −206 | −468 | −453 | |
| Net increase in deposits | 157 | 467 | 285 | 127 | 430 | |
| Net increase (decrease)in federal funds purchased and short-term borrowings | 110,000 | −59 | −80 | 140 | −50 | |
| Proceeds of long-term borrowings, net of costs | 0 | 30 | 195 | 0 | 0 | |
| Repayment of long-term borrowings | −1 | −44 | −23 | −6 | −17 | |
| Proceeds from issuance of common stock | 7 | 0 | — | — | 0 | |
| Dividends paid on preferred stock | −2 | −2 | −2 | −2 | −1 | |
| Dividends paid on common stock | −560,000 | −5 | −7 | −7 | −6 | |
| Net Cash Provided By Financing Activities | 160 | 386 | 388 | 252 | 388 | |
| Net Increase In Cash and Cash Equivalents | 281 | 278 | 203 | −179 | −38 | |
| Acquisition of real estate in settlement of loans | 31 | 423,000 | — | — | — | |
| Premises transferred to other real estate owned | 4 | — | 1 | 558,000 | 2 | |
| Common stock issued for stock grants | 0 | 334,000 | 750,000 | 0 | — | |
| Common stock issued for debt conversion | 15 | 0 | — | — | — | |
| Interest on deposits and borrowed funds | 129 | 125 | 91 | 37 | 23 | |
| Federal | 4 | 0 | — | — | — | |
| State | 50,000 | 0 | — | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is First Guaranty Bancshares, Inc.'s CIK number?
First Guaranty Bancshares, Inc.'s SEC CIK number is 0001408534 (1408534). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find First Guaranty Bancshares, Inc.'s SEC filings?
All of First Guaranty Bancshares, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did First Guaranty Bancshares, Inc. last report earnings?
First Guaranty Bancshares, Inc. (FGBI) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001408534-26-000037). This is First Guaranty Bancshares, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is First Guaranty Bancshares, Inc.'s most recent earnings 8-K?
First Guaranty Bancshares, Inc.'s latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001408534-26-000037. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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