First Guaranty Bancshares, Inc.

Listed Company

FGBIPCIK 0001408534NasdaqNon-AcceleratedSmaller ReportingSavings Institution, Federally CharteredLouisianaFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$-56.00M

Total Assets

$4.08B

Equity

$226.22M

Shares Out

15.79M

Op. Cash Flow

$-8.28M

Business

First Guaranty Bancshares, Inc. is a financial holding company that, through its wholly owned bank subsidiary, provides personalized commercial banking services to individuals, businesses and public entities. It offers deposit products and a broad range of lending and banking services, including checking and savings accounts, time deposits, money market accounts, consumer services, digital banking tools, credit cards, merchant services and loan products. Major business segments include commercial real estate, commercial and industrial, one-to-four-family residential, construction and land development, agricultural and farmland, commercial leases, multifamily and consumer lending, along with investment securities and public funds deposit services. The company distributes its services through a network of branches and loan production offices in Louisiana, Texas, Kentucky and West Virginia and via digital channels, wholesale deposits and merchant/remote deposit capture services.

Summary from filing dated 2025-03-17

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	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

As of · In millions, except per-share amounts

Concept	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

Year Ended · In millions, except per-share amounts

Concept	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	—	—	—

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