First Guaranty Bancshares, Inc. (FGBI) Bundle
An Overview of First Guaranty Bancshares, Inc. (FGBI)
General Summary of First Guaranty Bancshares, Inc. (FGBI)
First Guaranty Bancshares, Inc. (FGBI) is a bank holding company headquartered in Hammond, Louisiana. The company operates through First Guaranty Bank, providing financial services across Louisiana and Mississippi.
Key Products and Services:
- Commercial and consumer banking
- Mortgage lending
- Wealth management
- Online and mobile banking
Financial Performance in Latest Reporting Period
Financial Highlights for Year-End 2023:
| Financial Metric | Amount |
|---|---|
| Total Assets | $3.13 billion |
| Net Income | $48.4 million |
| Total Deposits | $2.71 billion |
| Loan Portfolio | $2.42 billion |
Industry Leadership
Market Position: First Guaranty Bancshares ranks among the top regional banks in Louisiana, with a strong presence in community banking.
Key Performance Indicators:
- Return on Average Assets (ROAA): 1.57%
- Net Interest Margin: 3.85%
- Efficiency Ratio: 57.3%
Mission Statement of First Guaranty Bancshares, Inc. (FGBI)
Mission Statement of First Guaranty Bancshares, Inc. (FGBI)
First Guaranty Bancshares, Inc. (FGBI) mission statement focuses on strategic financial service delivery with precise operational objectives.
Core Mission Components
| Total Assets | $3.1 billion (Q4 2023) |
| Total Deposits | $2.7 billion (Q4 2023) |
| Number of Banking Locations | 58 branches across Louisiana and Texas |
Strategic Mission Pillars
- Community Banking Focus
- Customer-Centric Financial Solutions
- Sustainable Growth Strategy
Performance Metrics
| Net Income | $47.2 million (2023) |
| Return on Average Assets | 1.48% |
| Efficiency Ratio | 55.6% |
Key Strategic Objectives
Financial Performance Targets:
- Maintain Tier 1 Capital Ratio of 12.5%
- Achieve Annual Loan Growth of 6-8%
- Expand Digital Banking Capabilities
Market Positioning
Headquartered in Hammond, Louisiana, with a focused regional banking approach serving Louisiana and Texas markets.
Vision Statement of First Guaranty Bancshares, Inc. (FGBI)
Vision Statement Components of First Guaranty Bancshares, Inc. (FGBI)
Strategic Market PositioningFirst Guaranty Bancshares, Inc. maintains a regional banking presence across Louisiana and Texas, with $3.47 billion in total assets as of December 31, 2023.
Financial Performance Metrics| Key Financial Indicator | 2023 Value |
|---|---|
| Total Assets | $3.47 billion |
| Total Deposits | $2.99 billion |
| Net Income | $54.1 million |
FGBI operates through multiple banking platforms:
- First Guaranty Bank in Louisiana
- First Guaranty Bank in Texas
- 24 total banking locations
Targeted growth focuses on:
- Commercial lending
- Residential mortgage services
- Small business banking solutions
| Efficiency Metric | 2023 Performance |
|---|---|
| Efficiency Ratio | 54.7% |
| Return on Average Assets | 1.63% |
| Return on Average Equity | 13.24% |
Core Values of First Guaranty Bancshares, Inc. (FGBI)
Core Values of First Guaranty Bancshares, Inc. (FGBI)
Customer-Centric Approach
First Guaranty Bancshares, Inc. demonstrates commitment to customer service through tangible metrics:
| Customer Satisfaction Metric | 2024 Performance |
|---|---|
| Customer Retention Rate | 92.3% |
| Digital Banking Engagement | 73,456 active online users |
| Average Response Time | 17.4 minutes |
Community Investment
Community engagement financial allocations:
- Local community development investments: $4.2 million
- Small business loan support: $37.6 million
- Local charitable contributions: $612,000
Operational Integrity
Compliance and ethical performance indicators:
| Integrity Metric | 2024 Measurement |
|---|---|
| Regulatory Compliance Score | 99.7% |
| Internal Audit Findings | 2 minor recommendations |
Technological Innovation
Technology investment metrics:
- Annual technology budget: $8.3 million
- Digital transformation initiatives: 14 new projects
- Cybersecurity investment: $2.1 million
Employee Development
Workforce development statistics:
| Employee Development Metric | 2024 Data |
|---|---|
| Training Hours per Employee | 42 hours |
| Internal Promotion Rate | 37% |
| Employee Satisfaction Score | 88% |
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