NasdaqGM:FGBIBanks
First Guaranty Bancshares (FGBI) Stock Rebounds While Credit Risk Still Shapes The Story
First Guaranty Bancshares stock inched up about 3% to US$9.64 after its second quarter report, a modest move for a bank that has put investors through sharp swings over the past year. The market reaction looks calm on the surface, yet the headline is more dramatic. Earnings per share landed at roughly US$0.17 and net income reached about US$2.8 million, while non performing loans continued to weigh on the story. The key issue is how long this repair job on credit quality and profitability can...