NASDAQ · Financial Statements

First Guaranty Bancshares, Inc. (FGBI) Financial Statements

$8.94 NASDAQ: FGBI Market Cap $147.86M

First Guaranty Bancshares, Inc. most recently reported annual revenue of $196.0M, a net loss of $56.0M. Revenue grew at an average annual rate of 9.8% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

First Guaranty Bancshares, Inc.: Revenue rose from $67.0M in 2016 to $196.0M in 2025, a change of +192.5% over 9 years; net profit was positive in 9 of 10 reported years; operating margin moved from 31.8% to -35.0%, a shift of -66.7 percentage points; the most recent year shows a net loss of $56.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$67.0M$75.0M$82.0M$99.0M$123.0M$121.0M$146.0M$192.0M$245.0M$196.0M
Operating Expenses$46.0M$56.0M$65.0M$81.0M$98.0M$86.0M$109.0M$180.0M$229.0M$265.0M
Operating Profit$21.0M$19.0M$18.0M$18.0M$26.0M$34.0M$36.0M$12.0M$16.0M$-69.0M
Operating Margin31.8%25.6%21.4%18.1%20.7%28.5%24.9%6.2%6.5%-35.0%
Other Income$0$0$0$0$0$0$0$0$0$0
Interest$10.0M$14.0M$21.0M$30.0M$26.0M$22.0M$37.0M$98.0M$133.0M$126.0M
Depreciation$2.0M$2.0M$3.0M$3.0M$4.0M$5.0M$4.0M$4.0M$4.0M$4.0M
Profit Before Tax$21.0M$19.0M$18.0M$18.0M$26.0M$34.0M$36.0M$12.0M$16.0M$-69.0M
Tax$33.7M$38.6M$19.6M$20.4M$20.4M$20.8M$20.6M$22.5M$22.2M$18.3M
Net Profit$14.0M$12.0M$14.0M$14.0M$20.0M$27.0M$29.0M$9.0M$12.0M$-56.0M
EPS$1.39$1.13$1.33$1.34$1.90$2.42$2.48$0.62$0.81$-4.17
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$50.0M$52.0M$55.0M$69.0M$61.0M$60.0M$56.0M$56.0M$55.0M$53.0M$52.0M$29.0M
Operating Expenses$47.0M$51.0M$52.0M$59.0M$59.0M$59.0M$64.0M$65.0M$109.0M$50.0M$51.0M$24.0M
Operating Profit$2.0M$2.0M$3.0M$9.0M$2.0M$1.0M$-8.0M$-9.0M$-54.0M$3.0M$1.0M$4.0M
Operating Margin4.7%3.1%5.5%13.6%4.1%1.9%-14.2%-16.9%-98.3%5.5%2.5%15.2%
Interest$27.0M$29.0M$31.0M$32.0M$35.0M$35.0M$32.0M$32.0M$31.0M$31.0M$32.0M$29.0M
Profit Before Tax$2.0M$2.0M$3.0M$9.0M$2.0M$1.0M$-8.0M$-9.0M$-54.0M$3.0M$4.0M$4.0M
Tax$23.3M$19.5M$22.8M$23.0M$22.7M$13.5M$22.8M$23.0M$16.7M$16.1M$22.6M$21.0M
Net Profit$2.0M$1.0M$2.0M$7.0M$2.0M$1.0M$-6.0M$-7.0M$-45.0M$2.0M$3.0M$3.0M
EPS$0.10$0.06$0.14$0.53$0.11$0.03$-0.54$-0.61$-3.01$0.12$0.14$0.17

Over the 10 years reported for First Guaranty Bancshares, Inc., borrowings increased from $43.0M in 2016 to $186.0M in 2025, cash stood at $846.0M in the latest year, shareholders' equity was $16.0M, current assets covered current liabilities 122.57 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$1.5B$1.8B$1.8B$2.1B$2.5B$2.9B$3.2B$3.6B$4.0B$4.1B
Current Assets$422.0M$427.0M$431.0M$415.0M$653.0M$728.0M$542.0M$669.0M$1.1B$858.0M
Cash$18.0M$37.0M$127.0M$67.0M$299.0M$262.0M$83.0M$286.0M$564.0M$846.0M
Inventory$0$0$0$0$0$0$0$0$0$0
Receivables$7.0M$8.0M$7.0M$8.0M$115.0M$256.0M$328.0M$299.0M$233.0M$12.0M
Fixed Assets$24.0M$38.0M$40.0M$56.0M$60.0M$59.0M$58.0M$70.0M$68.0M$60.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$1.4B$1.6B$1.6B$1.9B$2.0B$2.3B$2.6B$2.8B$3.0B$3.1B
Other Assets$2.0M$3.0M$3.0M$13.0M$13.0M$13.0M$13.0M$13.0M$13.0M$0
Total Liabilities$1.4B$1.6B$1.7B$2.0B$2.3B$2.7B$2.9B$3.3B$3.7B$3.9B
Current Liabilities$1.3B$1.6B$1.6B$1.9B$2.2B$2.6B$2.9B$3.1B$3.5B$7.0M
Borrowings$43.0M$53.0M$35.0M$87.0M$117.0M$50.0M$183.0M$275.0M$202.0M$186.0M
Other Liabilities$1.3B$1.6B$1.6B$1.9B$2.2B$2.6B$2.7B$3.0B$3.5B$3.7B
Equity$8.0M$9.0M$10.0M$10.0M$11.0M$11.0M$11.0M$12.0M$13.0M$16.0M
Reserves$124.0M$144.0M$147.0M$166.0M$179.0M$224.0M$235.0M$250.0M$255.0M$226.0M

For First Guaranty Bancshares, Inc., operating cash flow was positive in 9 of 10 reported years; free cash flow in the latest year was negative at $10.0M; free cash flow was positive in 9 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$22.0M$12.0M$27.0M$29.0M$24.0M$27.0M$37.0M$22.0M$34.0M$-8.0M
Investing Cash Flow$-72.0M$-90.0M$3.0M$-144.0M$-135.0M$-455.0M$-471.0M$-221.0M$-145.0M$128.0M
Financing Cash Flow$35.0M$85.0M$65.0M$18.0M$349.0M$380.0M$267.0M$205.0M$408.0M$157.0M
Net Cash Flow$-19.0M$20.0M$90.0M$-61.0M$232.0M$-38.0M$-179.0M$203.0M$278.0M$281.0M
Free Cash Flow$18.0M$5.0M$23.0M$17.0M$17.0M$24.0M$34.0M$7.0M$31.0M$-10.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.01
EV / EBITDA—
FCF Yield—
Quick Ratio—
Interest Coverage—
Return 1Y14.82%
Return 3Y-7.75%
Return 5Y-35.45%

First Guaranty Bancshares, Inc. (FGBI) financials — frequently asked questions

What is First Guaranty Bancshares, Inc.'s annual revenue?

First Guaranty Bancshares, Inc. (FGBI) reported annual revenue of $196.0M in its most recent fiscal year.

What is First Guaranty Bancshares, Inc.'s net profit?

First Guaranty Bancshares, Inc. (FGBI) reported a net loss of $56.0M in its most recent fiscal year.

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