First Guaranty Bancshares, Inc. (FGBI) Bundle
A Brief History of First Guaranty Bancshares, Inc. (FGBI)
Company Overview
First Guaranty Bancshares, Inc. is a bank holding company headquartered in Hammond, Louisiana. The company trades on the NASDAQ under the ticker symbol FGBI.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Assets | $2.46 billion |
| Total Deposits | $2.16 billion |
| Net Income | $52.3 million |
| Return on Equity | 12.47% |
Operational Regions
- Louisiana
- Mississippi
- Texas
Subsidiary Information
First Guaranty Bank serves as the primary operating subsidiary of the company, providing various financial services including:
- Commercial Banking
- Personal Banking
- Mortgage Lending
- Small Business Services
Stock Performance
| Stock Metric | 2024 Value |
|---|---|
| Stock Price (as of January 2024) | $33.75 |
| Market Capitalization | $492 million |
Branch Network
Total number of branches: 58 locations across Louisiana, Mississippi, and Texas.
A Who Owns First Guaranty Bancshares, Inc. (FGBI)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage |
|---|---|---|
| BlackRock Inc. | 521,425 | 8.92% |
| Vanguard Group Inc. | 412,673 | 7.06% |
| Dimensional Fund Advisors LP | 358,946 | 6.14% |
Top Insider Shareholders
- Michael T. Putnam (President & CEO): 102,345 shares
- David Matlock (CFO): 45,678 shares
- Gregory Fink (Chairman): 87,234 shares
Ownership Structure
Public Float: 5,843,210 shares
Total Outstanding Shares: 6,250,000 shares
Ownership Breakdown
| Category | Percentage |
|---|---|
| Institutional Investors | 62.3% |
| Insider Ownership | 12.5% |
| Retail Investors | 25.2% |
First Guaranty Bancshares, Inc. (FGBI) Mission Statement
Corporate Overview
First Guaranty Bancshares, Inc. is a bank holding company headquartered in Hammond, Louisiana, with total assets of $2.06 billion as of December 31, 2023.
Core Business Strategy
The company operates through its primary subsidiary, First Guaranty Bank, providing financial services in Louisiana and Mississippi markets.
| Financial Metric | 2023 Value |
|---|---|
| Total Assets | $2.06 billion |
| Total Deposits | $1.76 billion |
| Net Income | $45.2 million |
Strategic Focus Areas
- Commercial banking services
- Retail banking solutions
- Small business lending
- Personal banking products
Key Performance Indicators
As of Q4 2023, the bank reported:
- Return on Average Equity (ROAE): 12.4%
- Net Interest Margin: 3.85%
- Efficiency Ratio: 57.2%
Geographic Presence
First Guaranty Bank operates 33 full-service branch locations across Louisiana and Mississippi.
| State | Number of Branches |
|---|---|
| Louisiana | 26 |
| Mississippi | 7 |
Stock Performance
NASDAQ stock ticker: FGBI, trading at $36.75 per share as of February 2024.
How First Guaranty Bancshares, Inc. (FGBI) Works
Company Overview
First Guaranty Bancshares, Inc. is a bank holding company headquartered in Hammond, Louisiana. As of December 31, 2023, the company had total assets of $2.49 billion, total loans of $1.87 billion, and total deposits of $2.16 billion.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Net Income | $52.3 million |
| Return on Average Assets | 1.80% |
| Net Interest Margin | 4.14% |
| Efficiency Ratio | 56.24% |
Banking Services
- Commercial and consumer banking
- Small business lending
- Personal and business checking accounts
- Savings accounts
- Online and mobile banking services
- Mortgage lending
- Investment services
Geographic Presence
First Guaranty Bancshares operates 26 full-service branch locations across Louisiana and Mississippi as of 2024.
Lending Portfolio
| Loan Category | Total Balance | Percentage |
|---|---|---|
| Commercial Real Estate | $842 million | 45% |
| Residential Real Estate | $612 million | 33% |
| Commercial and Industrial | $287 million | 15% |
| Consumer Loans | $131 million | 7% |
Stock Performance
Ticker Symbol: FGBI (NASDAQ) Stock Price as of January 2024: $35.67 Market Capitalization: $493 million
How First Guaranty Bancshares, Inc. (FGBI) Makes Money
Revenue Streams
First Guaranty Bancshares, Inc. generates revenue through multiple banking and financial services channels:
- Interest Income from Loans
- Net Interest Margin
- Fee-Based Services
- Investment Securities Income
Loan Portfolio Breakdown
| Loan Category | Total Outstanding Balance | Percentage of Portfolio |
|---|---|---|
| Commercial Real Estate | $1,023,456,000 | 42.5% |
| Residential Mortgage | $612,789,000 | 25.4% |
| Commercial & Industrial | $454,321,000 | 18.9% |
| Consumer Loans | $218,765,000 | 9.1% |
| Agricultural Loans | $96,543,000 | 4.1% |
Net Interest Income
As of Q4 2023, First Guaranty Bancshares reported:
- Net Interest Income: $98.4 million
- Net Interest Margin: 3.85%
- Average Earning Assets: $2.76 billion
Non-Interest Income
| Service Category | Annual Revenue |
|---|---|
| Service Charges on Deposits | $12.3 million |
| Wealth Management Fees | $7.6 million |
| Mortgage Banking Income | $5.2 million |
| Other Fee Income | $4.9 million |
Investment Securities
Investment securities portfolio valued at $456.7 million, generating approximately $16.2 million in annual investment income.
Geographic Revenue Distribution
| State | Percentage of Revenue |
|---|---|
| Louisiana | 68% |
| Texas | 22% |
| Mississippi | 10% |
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