Mission Statement, Vision, & Core Values (2024) of First Guaranty Bancshares, Inc. (FGBI)

Mission Statement, Vision, & Core Values (2024) of First Guaranty Bancshares, Inc. (FGBI)

US | Financial Services | Banks - Regional | NASDAQ

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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 Positioning

First 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
Geographic Expansion Strategy

FGBI operates through multiple banking platforms:

  • First Guaranty Bank in Louisiana
  • First Guaranty Bank in Texas
  • 24 total banking locations
Growth Objectives

Targeted growth focuses on:

  • Commercial lending
  • Residential mortgage services
  • Small business banking solutions
Operational Efficiency Targets
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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