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First Guaranty Bancshares (FGBI) Company Profile

Updated Sep 9, 2019
First Guaranty Bancshares has the following business profile:
Company's Full Name:First Guaranty Bancshares, Inc.
Short Name:First Guaranty Bancshares
Trading Ticker Symbol:FGBI
Primary Exchange:NASDAQ
Headquarter City/Country:Louisiana, LA
Primary Industry Sector:Finance
Seconday Sub-sector:Savings Institutions
Main Business Areas: Finance, Savings Institutions, Financial Services, Regional US Banks
Dividend Payments:Dividend History

Market and Trading Information for First Guaranty Bancshares

The following details were available for trading and market data about the stock of First Guaranty Bancshares as of writing:
Current Share Price:$18.88
Previous Year's Closing Price:$23.21
Percentage Price Change (YTD):-18.66%
Market Cap:$164.03 million
52-week Price Range:$18 - $27
Dividend Per Share:$0.64
EPS (TTM):1.4
Price-Earnings (Trailing):13.46
Price-Earnings (Forward):9.94

Company Profile and Business Description for First Guaranty Bancshares

First Guaranty Bancshares, Inc., incorporated on November 6, 2003, is a bank holding company. The Company operates through its owned subsidiary, First Guaranty Bank (the Bank). The Bank offers personalized commercial banking services to Louisiana customers, through approximately 20 banking facilities located in the Market Services Areas (MSAs) of Hammond, Baton Rouge, Lafayette and Shreveport-Bossier City. Its principal business consists of attracting deposits from the general public and local municipalities in its market areas and investing those deposits, together with funds generated from operations and borrowings in securities and in lending activities to serve the credit needs of its customer base, including commercial real estate loans, commercial and industrial loans, one- to four-family residential real estate loans, construction and land development loans, agricultural and farmland loans, and to a lesser extent, consumer and multifamily loans. It also participates in certain syndicated loans, including shared national credits, with other financial institutions. In addition, it offers a range of consumer services, including personal and commercial credit cards, remote deposit capture, safe deposit boxes, official checks, Internet banking, automated teller machines, online bill pay, mobile banking and lockbox services.

Lending Activities

The Bank offers a range of loan products with a range of rates and terms throughout its market areas, including business loans to small to medium-sized businesses and professionals, as well as loans to individuals. Its lending operations consist of the segments: non-farm, non-residential loans secured by real estate, commercial and industrial loans, one- to four-family residential loans, construction and land development loans, agricultural loans, farmland loans, consumer and other loans, and multifamily loans. Commercial and industrial loans (excluding syndicated loans) are made to small and mid-sized companies located within the State of Louisiana. It originates one- to four-family residential real estate loans that are secured by residential property in Louisiana. It offers one- to four-family residential real estate loans with terms till approximately 30 years. It offers loans to finance the construction of various types of commercial and residential property. The Company is the lender for agricultural loans in its Southwest Louisiana market. Its agricultural lending includes loans to farmers for cultivating rice, sugarcane, soybeans, timber, poultry and cattle. It originates first mortgage loans secured by farmland. The Company also makes various types of secured consumer loans that are collateralized by deposits, boats and automobiles, as well as unsecured consumer loans. The Bank's total loans amount to approximately $841.6 million.

Investment Activities

The Company's investment securities consist of the United States Treasury obligations; the United States Government agency obligations; mortgage-backed securities; corporate and other debt securities; mutual funds and other equity securities, and municipal bonds. Its United States Government agency securities consist of government-sponsored enterprises. The Company's securities are classified as available for sale or held to maturity. The Company's total securities amount to approximately $376.4 million.

Source of Funds

The Company's deposits include non-interest-bearing demand deposits, interest-bearing demand, savings accounts and time accounts. Other principal sources of funds consist of cash flows from operations, maturities and sales of investment securities, and proceeds from the issuance and sale of its equity securities to investors. The Company offers a range of deposit accounts to consumers and small businesses, including personal and business checking and savings accounts, time deposits, money market accounts and demand accounts. The Company's total deposits amount to approximately $1.3 billion.

400 E Thomas St

Peer / Competitor Companies of Savings Institutions Sector

Along with First Guaranty Bancshares, Inc., the following other peer (competitor) companies also exist within the same Savings Institutions - Finance sector whose company profile and dividend history is as follows:

▶ 1st Constitution Bancorp NJ (FCCY): 1st Constitution Bancorp operates as the bank holding company for 1st Constitution Bank that provides commercial and retail banking services in the central and northeastern New Jersey areas. The compa....See Detailed Company Profile  and Dividend History.

▶ Access National (ANCX): Access National Corporation, incorporated on May 12, 2003, is a bank holding company. The Company operates through its subsidiary, Access National Bank (the Bank). The Bank provides credit, deposit, mortgage ....See Detailed Company Profile  and Dividend History.

▶ ASB Bancorp (ASBB): ASB Bancorp, Inc., incorporated on May 12, 2011, is the holding company for Asheville Savings Bank (the Bank). The Companys principal business activity is the ownership of the outstanding shares ....See Detailed Company Profile  and Dividend History.

▶ Astoria Financial (AF): Astoria Financial Corporation, incorporated on June 14, 1993, is a unitary savings and loan holding company. The Companys principal business is the operation of its subsidiary, Astoria Bank. Astoria Banks ....See Detailed Company Profile  and Dividend History.

▶ Atlantic Coast Financial (ACFC): Atlantic Coast Financial Corporation, incorporated on June 22, 2007, is a thrift holding company. The Company, through its subsidiary, Atlantic Coast Bank (the Bank), a federally chartered and insured stock ....See Detailed Company Profile  and Dividend History.

▶ Bancorp 34 (BCTF): Bancorp 34, Inc. operates as the holding company for Bank 34 that offers various banking services to individuals and businesses in the United States. It accepts various deposit products, such as savin....See Detailed Company Profile  and Dividend History.

▶ Bank Mutual (BKMU): Bank Mutual Corporation, incorporated on April 28, 2003, is a savings and loan holding company. The Company owns Bank Mutual (the Bank), a federally-chartered savings bank. The Bank is engaged ....See Detailed Company Profile  and Dividend History.

▶ BankFinancial (BFIN): BankFinancial Corporation, incorporated on September 23, 2004, is the bank holding company for BankFinancial, National Association (the Bank). The Bank is a full-service, community-oriented national bank principally engaged in the ....See Detailed Company Profile  and Dividend History.

▶ BankUnited (BKU): BankUnited, Inc. operates as the bank holding company for BankUnited, National Association that provides a range of banking services to small and medium sized businesses, and individual and corporate ....See Detailed Company Profile  and Dividend History.

▶ BCB Bancorp NJ (BCBP): BCB Bancorp, Inc. operates as the holding company for BCB Community Bank, a state chartered commercial bank that provides banking products and services to businesses and individuals in the United Stat....See Detailed Company Profile  and Dividend History.

▶ Beneficial Bancorp (BNCL): Beneficial Bancorp, Inc., together with its subsidiaries, provides consumer and commercial banking services to individuals, businesses, and nonprofit organizations in Philadelphia and Southern New Jer....See Detailed Company Profile  and Dividend History.

▶ BofI Holding (BOFI): BofI Holding, Inc. (BofI), incorporated on July 6, 1999, is the holding company for BofI Federal Bank (the Bank). The Bank is a diversified financial services company. The Bank provides ....See Detailed Company Profile  and Dividend History.

▶ BofI Holding (BOFIL): BofI Holding, Inc. (BofI), incorporated on July 6, 1999, is the holding company for BofI Federal Bank (the Bank). The Bank is a diversified financial services company. The Bank provides ....See Detailed Company Profile  and Dividend History.

▶ Broadway Financial (BYFC): Broadway Financial Corporation, incorporated on October 25, 1995, is a savings and loan holding company. The Company is engaged in the savings and loan business through its subsidiary, Broadway Federal ....See Detailed Company Profile  and Dividend History.

▶ Brookline Bancorp (BRKL): Brookline Bancorp, Inc., incorporated on April 11, 2002, operates as a multi-bank holding company for Brookline Bank and its subsidiaries; Bank Rhode Island (BankRI) and its subsidiaries; First Ipswich Bank ....See Detailed Company Profile  and Dividend History.

▶ Capitol Federal Financial (CFFN): Capitol Federal Financial, Inc., incorporated on April 28, 2010, is the savings and loan holding company. The Company provides a range of retail banking services, through its subsidiary, Capitol Federal ....See Detailed Company Profile  and Dividend History.

▶ Carver Bancorp (CARV): Carver Bancorp, Inc. operates as a holding company for Carver Federal Savings Bank, a federally chartered savings bank that provides consumer and commercial banking services for consumers, businesses,....See Detailed Company Profile  and Dividend History.

▶ Central Federal (CFBK): Central Federal Corporation operates as the bank holding company for CFBank that provides various financial services in the United States. The company accepts savings, retail and business checking, an....See Detailed Company Profile  and Dividend History.

▶ Charter Financial (CHFN): Charter Financial Corporation, incorporated on February 16, 1993, is a savings and loan holding company for CharterBank (the Bank). The Bank is a federally-chartered savings bank. The Banks principal business ....See Detailed Company Profile  and Dividend History.

▶ Citizens Community Bancorp (CZWI): Citizens Community Bancorp, Inc., incorporated on June 27, 2006, is a bank holding company of Citizens Community Federal N.A. (the Bank). The Company is engaged in consumer, commercial and agricultural ....See Detailed Company Profile  and Dividend History.

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