First Guaranty Bancshares, Inc.

NasdaqGM:FGBI Stock Report

Market Cap: US$169.9m

First Guaranty Bancshares Future Growth

Future criteria checks 3/6

First Guaranty Bancshares is forecast to grow earnings at 147.7% per annum. EPS is expected to grow by 148.2% per annum.

Key information

147.7%

Earnings growth rate

148.25%

EPS growth rate

Banks earnings growth8.3%
Revenue growth raten/a
Future return on equityn/a
Analyst coverage

Low

Last updated26 Feb 2026

Recent future growth updates

Recent updates

Seeking Alpha • Feb 18

First Guaranty Bancshares: Preferred Yield Is Tempting, But More Improvement Needed

Summary First Guaranty Bancshares faces ongoing loan performance issues, prompting a sell rating on common shares and a hold on preferreds. FGBI's preferred shares yield 9.5% but remain risky due to non-cumulative structure and persistent credit quality concerns. Net interest margin and net interest income are at six-year lows, reflecting aggressive loan portfolio downsizing and asset yield compression. Deposit growth and a sharply reduced loan-to-deposit ratio provide future capital flexibility, but high nonperforming assets still threaten earnings stability. Read the full article on Seeking Alpha
Seeking Alpha • Jan 08

First Guaranty Bancshares: Attractive Preferred Share, Yielding 8.5%

Summary First Guaranty Bancshares faced interest rate volatility but stabilized its net interest margin at around 2.5%. FGBI's deposit growth surged by 12% in Q3, reducing its loan-to-deposit ratio below 80%, and enabling it to pay off $60 million in debt. Risks include declining loan performance, a high concentration in commercial real estate loans, and an inadequate allowance for credit losses, impacting common shares. Despite challenges, the bank's preferred shares, FGBIP, remain a solid investment due to stable net interest income and proactive financial management. Read the full article on Seeking Alpha
Analysis Article • Dec 21

First Guaranty Bancshares (NASDAQ:FGBI) Is Reducing Its Dividend To $0.01

First Guaranty Bancshares, Inc. ( NASDAQ:FGBI ) is reducing its dividend from last year's comparable payment to $0.01...
Seeking Alpha • Sep 20

First Guaranty Bancshares: Not The Right Time To Bank On This Prospect

Summary First Guaranty Bancshares has grown its balance sheet significantly, but rising debt and declining net interest margins have pressured its income statement. Despite trading at a substantial discount on a price-to-book basis, the bank's asset quality and profitability metrics are unimpressive. Management's cost-cutting measures are positive, but the impact of one-time gains and ongoing challenges temper my optimism. Shares are cheap, but without material improvements in the bottom line and interest rates, I rate First Guaranty Bancshares as a 'hold'. Read the full article on Seeking Alpha
Analysis Article • Aug 23

First Guaranty Bancshares (NASDAQ:FGBI) Is Paying Out Less In Dividends Than Last Year

First Guaranty Bancshares, Inc. ( NASDAQ:FGBI ) is reducing its dividend to $0.08 on the 30th of Septemberwhich is 50...
Seeking Alpha • Jun 17

First Guaranty Bancshares: Get 8.8% Yield On Preferred Shares

Summary First Guaranty Bancshares, Inc. struggled with deposit issues and higher interest rates, leading to a decline in net interest income. The bank has shown improvement in deposit growth and loan stability over the past few quarters, reducing the need for additional financing beyond deposits. Risks to the bank include a high concentration of commercial real estate loans and eroding performance, making common shares more vulnerable than preferred shares. Read the full article on Seeking Alpha
Seeking Alpha • Jan 12

First Guaranty: A Solid Regional Bank Trading At A Huge Undervaluation

Summary First Guaranty Bancshares is a U.S. regional bank based in Louisiana that has been in operation since 1934. The bank's profitability has suffered in recent years, but its fundamental banking operations remain intact with macroeconomic pressures being primarily to blame. The bank is well-capitalized and has focused on increasing loan originations at higher interest rates, which should lead to future NIM growth. First Guaranty's loan and deposit portfolios look solid and do not expose the bank excessively to any poor lines of credit. A Strong Buy rating was issued with shares potentially trading at a 43% discount relative to intrinsic value. Read the full article on Seeking Alpha
Analysis Article • Dec 13

First Guaranty Bancshares (NASDAQ:FGBI) Will Pay A Dividend Of $0.16

The board of First Guaranty Bancshares, Inc. ( NASDAQ:FGBI ) has announced that it will pay a dividend of $0.16 per...
Analysis Article • Nov 24

First Guaranty Bancshares (NASDAQ:FGBI) Has Announced A Dividend Of $0.16

The board of First Guaranty Bancshares, Inc. ( NASDAQ:FGBI ) has announced that it will pay a dividend on the 29th of...
Analysis Article • Sep 08

First Guaranty Bancshares (NASDAQ:FGBI) Has Affirmed Its Dividend Of $0.16

First Guaranty Bancshares, Inc. ( NASDAQ:FGBI ) will pay a dividend of $0.16 on the 29th of September. The dividend...
Analysis Article • Aug 25

First Guaranty Bancshares (NASDAQ:FGBI) Is Paying Out A Dividend Of $0.16

First Guaranty Bancshares, Inc. ( NASDAQ:FGBI ) will pay a dividend of $0.16 on the 29th of September. This makes the...
Analysis Article • Jun 06

First Guaranty Bancshares (NASDAQ:FGBI) Has Announced A Dividend Of $0.16

The board of First Guaranty Bancshares, Inc. ( NASDAQ:FGBI ) has announced that it will pay a dividend on the 30th of...
Analysis Article • Feb 24

First Guaranty Bancshares (NASDAQ:FGBI) Has Affirmed Its Dividend Of $0.16

First Guaranty Bancshares, Inc.'s ( NASDAQ:FGBI ) investors are due to receive a payment of $0.16 per share on 31st of...
Analysis Article • Nov 25

First Guaranty Bancshares (NASDAQ:FGBI) Is Due To Pay A Dividend Of $0.16

The board of First Guaranty Bancshares, Inc. ( NASDAQ:FGBI ) has announced that it will pay a dividend on the 30th of...
Analysis Article • Aug 25

First Guaranty Bancshares (NASDAQ:FGBI) Is Due To Pay A Dividend Of $0.16

The board of First Guaranty Bancshares, Inc. ( NASDAQ:FGBI ) has announced that it will pay a dividend of $0.16 per...
Seeking Alpha • Aug 22

First Guaranty Bancshares declares $0.16 dividend

First Guaranty Bancshares (NASDAQ:FGBI) declares $0.16/share quarterly dividend, in line with previous. Forward yield 2.59% Payable Sept. 30; for shareholders of record Sept. 23; ex-div Sept. 22. See FGBI Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Jul 27

First Guaranty Bancshares GAAP EPS of $0.70 beats by $0.02, revenue of $8.1M

First Guaranty Bancshares press release (NASDAQ:FGBI): Q2 GAAP EPS of $0.70 beats by $0.02. Net Income of $8.1M.
Seeking Alpha • Jul 15

First Guaranty Bancshares: Balance Sheet Growth To Drive The Bottom Line

Strong job markets will keep loan growth at decent levels this year. However, higher interest rates will dampen credit demand. Threats of a recession and high interest rates will likely push up the provisioning expenses. The topline is barely sensitive to interest rate hikes. The December 2022 target price suggests a decent upset from the current market price. Further, FGBI is offering a modest dividend yield. Earnings of First Guaranty Bancshares, Inc. (FGBI) will likely trend upwards this year on the back of continued loan growth. Strength in regional markets will likely drive the loan portfolio. On the other hand, the above-normal provisioning expense will likely restrain earnings growth. Meanwhile, the margin will likely remain somewhat stable for the remainder of the year. Overall, I'm expecting First Guaranty Bancshares to report earnings of $2.58 per share for 2022. Compared to my last report on the company, I have barely changed my earnings estimate. The year-end target price suggests a decent upside from the current market price. Based on the total expected return, I'm maintaining a buy rating on First Guaranty Bancshares. Loan Growth to Start Slowing Down by the End of the Year First Guaranty Bancshares reported robust loan growth of 3.4% in the first quarter of 2022, or 13.4% annualized. Strong job markets will ensure that loan growth remains at a decent level through the mid of 2022. First Guaranty Bancshares is based in Texas and Louisiana. Although both states have greater unemployment than the national average, their unemployment rates have improved significantly and are almost back to the 2018 level. Data by YCharts First Guaranty Bancshares' loan book is heavy on commercial real estate ("CRE") and commercial and industrial loans ("C&I"). Therefore, the PMI index is also a good gauge of loan demand. As shown below, the indexes are still above 50, which bodes well for loan growth. Data by YCharts However, high interest rates will dampen credit demand, especially for residential mortgages. As of March 2022, residential loans (1-4 family) made up 13% of total loans, according to details given in the 10-Q filing. Considering these factors, I'm expecting the loan portfolio to increase by 12.4% by the end of 2022 from the end of 2021. In my last report on First Guaranty Bancshares, I estimated loan growth of 17% for the year. I have reduced my loan growth estimate because I now have a more hawkish stance on interest rates than before. Further, the chances of a recession have increased lately due to the recent inversion of the yield curve (see the middle part of the blue line below). The U.S. Treasury Department I'm expecting other balance sheet items to grow mostly in line with loans for the last three quarters of 2022. The following table shows my balance sheet estimates. FY17 FY18 FY19 FY20 FY21 FY22E Financial Position Net Loans 1,140 1,214 1,515 1,820 2,135 2,400 Growth of Net Loans 21.5% 6.6% 24.7% 20.1% 17.4% 12.4% Other Earning Assets 506 406 428 239 364 494 Deposits 1,549 1,630 1,853 2,166 2,596 2,853 Borrowings and Sub-Debt 53 35 87 117 50 60 Common equity 144 147 166 179 191 204 Book Value Per Share ($) 14.9 15.2 15.6 16.7 17.8 19.0 Tangible BVPS ($) 14.0 14.5 13.7 14.8 16.1 17.3 Source: SEC Filings, Author's Estimates (In USD million, unless otherwise specified) Increase in Interest Rates to Barely Affect the Margin A large part of the deposit book is quick to re-price. Interest-bearing demand and saving accounts made up a sizable 57% of total deposits at the end of March 2022, according to details given in the 10-Q filing. On the other hand, the real-estate-heavy loan portfolio will re-price with a lag. Most real estate loans, especially residential mortgages, carry fixed rates. As mentioned in the 10-Q filing, real estate loans made up 66.6% of total loans at the end of March 2022. Overall, more liabilities than assets are scheduled to re-price this year. This asset-liability gap was negative 28.7% of total assets at the end of March 2022, according to details given in the 10-Q filing. Although the gap is negative, it does not mean that the balance sheet is liability sensitive. It should be borne in mind that the magnitude of the re-pricing is different for assets and liabilities as they depend on pricing power. Due to the significant liquidity in the industry, banks will have the power to keep deposit costs in check, despite the rising rate environment. In First Guaranty Bancshares' case, the effect of the re-pricing on both sides of the balance sheet will almost balance each other out, leaving the net interest income barely sensitive to rate hikes. The management's interest-rate sensitivity analysis given in the 10-Q filing shows that a 200 basis points hike in interest rates can boost the net interest income by only 0.03% over twelve months. 1Q 2022 10-Q Filing Considering these factors, I'm expecting the margin to remain almost unchanged in the last three quarters of 2022 from 3.59% in the first quarter of the year. Economic Headwinds to Result in Above Normal Provisioning First Guaranty Bancshares' allowances-to-nonperforming loan ratios stood at 150.1% at the end of March 2022. In my opinion, this allowance coverage will be a bit tight given the threats of a recession. Further, higher interest rates can hurt the loan portfolio's asset quality by pushing more and more borrowers into default. As a result, I believe First Guaranty Bancshares will try to bolster its reserves in the mid of 2022 to prepare for economic headwinds anticipated for the second half of the year. Overall, I'm expecting the net provision expense to be above normal this year. I'm expecting First Guaranty Bancshares to report a net provision expense of 0.30% of total loans in 2022. In comparison, the net provision expense averaged 0.26% from 2017 to 2019. Expecting Earnings to Increase by 6% The significant loan growth will likely be the chief driver of an increase in earnings this year. On the other hand, higher provision expenses will likely restrict earnings growth. Meanwhile, the margin will likely remain somewhat stable for the remainder of the year. Overall, I'm expecting First Guaranty Bancshares to report earnings of $2.58 per share for 2022, up 6% year-over-year. The following table shows my income statement estimates. FY17 FY18 FY19 FY20 FY21 FY22E Income Statement Net interest income 53 57 62 75 90 106 Provision for loan losses 4 1 5 15 2 7 Non-interest income 8 5 8 24 11 8 Non-interest expense 39 43 47 58 64 69 Net income - Common Sh. 12 14 14 20 26 28 EPS - Diluted ($) 1.21 1.47 1.34 1.90 2.42 2.58 Source: SEC Filings, Earnings Releases, Author's Estimates (In USD million, unless otherwise specified) In my last report on First Guaranty Bancshares, I estimated earnings of $2.61 per share for 2022. My updated earnings estimate is barely changed as the downward revision in the loan balance estimate cancels out the commensurate downward revisions in provisions and operating expense estimates.
Analysis Article • May 27

First Guaranty Bancshares' (NASDAQ:FGBI) Dividend Will Be US$0.16

The board of First Guaranty Bancshares, Inc. ( NASDAQ:FGBI ) has announced that it will pay a dividend on the 30th of...
Analysis Article • May 04

Do First Guaranty Bancshares's (NASDAQ:FGBI) Earnings Warrant Your Attention?

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
Seeking Alpha • Mar 19

First Guaranty Bancshares: Attractively Valued With An Outlook Of Strong Topline Growth

The remarkable loan growth of the last few years will most probably continue in 2022 because of the economic recovery in Texas and Louisiana. The loan additions will likely lead to provision normalization this year. The rising interest-rate environment is unlikely to affect the margin. The December 2022 target price suggests a decent upside from the current market price. Further, FGBI is offering a modest dividend yield.
Analysis Article • Feb 26

First Guaranty Bancshares (NASDAQ:FGBI) Has Announced A Dividend Of US$0.16

The board of First Guaranty Bancshares, Inc. ( NASDAQ:FGBI ) has announced that it will pay a dividend on the 31st of...
Analysis Article • Nov 25

First Guaranty Bancshares' (NASDAQ:FGBI) Dividend Will Be US$0.16

The board of First Guaranty Bancshares, Inc. ( NASDAQ:FGBI ) has announced that it will pay a dividend of US$0.16 per...

Earnings and Revenue Growth Forecasts

NasdaqGM:FGBI - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/202624-49N/AN/AN/A
12/31/202514-58-10-8N/A
9/30/202513-603435N/A
6/30/202559-131011N/A
3/31/20258123537N/A
12/31/202493103134N/A
9/30/202495101828N/A
6/30/20249610620N/A
3/31/2024896420N/A
12/31/2023927722N/A
9/30/20239511312N/A
6/30/2023101172328N/A
3/31/2023106222933N/A
12/31/2022107273437N/A
9/30/2022110294951N/A
6/30/2022107294849N/A
3/31/2022103282829N/A
12/31/202198262427N/A
9/30/202194251418N/A
6/30/20219023914N/A
3/31/202186222025N/A
12/31/202084201724N/A
9/30/202079181422N/A
6/30/202074171323N/A
3/31/202069151526N/A
12/31/20196514N/A29N/A
9/30/20196113N/A28N/A
6/30/20196112N/A26N/A
3/31/20196114N/A26N/A
12/31/20186114N/A27N/A
9/30/20186214N/A24N/A
6/30/20186114N/A23N/A
3/31/20185812N/A17N/A
12/31/20175812N/A12N/A
9/30/20175512N/A14N/A
6/30/20175413N/A15N/A
3/31/20175514N/A17N/A
12/31/20165414N/A22N/A
9/30/20165414N/A24N/A
6/30/20165415N/A20N/A
3/31/20165214N/A19N/A
12/31/20155314N/A17N/A
9/30/20155214N/A13N/A
6/30/20155113N/A16N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FGBI is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (3.5%).

Earnings vs Market: FGBI is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: FGBI is expected to become profitable in the next 3 years.

Revenue vs Market: Insufficient data to determine if FGBI's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if FGBI's revenue is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if FGBI's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/12 04:01
End of Day Share Price 2026/06/12 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

First Guaranty Bancshares, Inc. is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Christopher MarinacBrean Capital Historical (Janney Montgomery)
Casey Orr WhitmanPiper Sandler Companies