First Guaranty Bancshares, Inc. operates as the holding company for First Guaranty Bank that provides commercial banking services in Louisiana and Texas. It offers various deposit products, including personal and business checking, savings, money market, and demand accounts, as well as time deposits to consumers, small businesses, and municipalities. The company also provides loans, such as non-farm non-residential loans secured by real estate, commercial and industrial loans, one- to four-family residential loans, multifamily loans, construction and land development loans, agricultural loans, farmland loans, and consumer and other loans to small to medium-sized businesses and professionals, and individuals. In addition, it offers a range of consumer services, including personal and commercial credit cards, remote deposit capture, safe deposit boxes, official checks, online and mobile banking, automated teller machines, and online bill pay; provides additional solutions, such as merchant services, remote deposit capture, and lockbox services to business customers; and invests a portion of its assets in securities issued by the United States Government and its agencies, state and municipal obligations, corporate debt securities, mutual funds, and equity securities, as well as invests in mortgage-backed securities primarily issued or guaranteed by United States Government agencies or enterprises. The company operates through 34 banking facilities primarily located in market services areas of Hammond, Baton Rouge, Lafayette, Shreveport-Bossier City, Lake Charles, Alexandria, Dallas-Fort Worth-Arlington, and Waco. First Guaranty Bancshares, Inc. was founded in 1934 and is headquartered in Hammond, Louisiana.
IPO Year:
Exchange: NASDAQ
Website: fgb.net
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/8/2023 | $12.00 → $9.50 | Neutral → Underweight | Piper Sandler |
| 6/3/2022 | Buy → Neutral | Janney |
10-Q - First Guaranty Bancshares, Inc. (0001408534) (Filer)
8-K - First Guaranty Bancshares, Inc. (0001408534) (Filer)
8-K - First Guaranty Bancshares, Inc. (0001408534) (Filer)
8-K - First Guaranty Bancshares, Inc. (0001408534) (Filer)
8-K - First Guaranty Bancshares, Inc. (0001408534) (Filer)
8-K - First Guaranty Bancshares, Inc. (0001408534) (Filer)
8-K - First Guaranty Bancshares, Inc. (0001408534) (Filer)
10-Q - First Guaranty Bancshares, Inc. (0001408534) (Filer)
8-K - First Guaranty Bancshares, Inc. (0001408534) (Filer)
8-K - First Guaranty Bancshares, Inc. (0001408534) (Filer)
4 - First Guaranty Bancshares, Inc. (0001408534) (Issuer)
4 - First Guaranty Bancshares, Inc. (0001408534) (Issuer)
4 - First Guaranty Bancshares, Inc. (0001408534) (Issuer)
SC 13D/A - First Guaranty Bancshares, Inc. (0001408534) (Subject)
SC 13D/A - First Guaranty Bancshares, Inc. (0001408534) (Subject)
SC 13D/A - First Guaranty Bancshares, Inc. (0001408534) (Subject)
SC 13D/A - First Guaranty Bancshares, Inc. (0001408534) (Subject)
SC 13D/A - First Guaranty Bancshares, Inc. (0001408534) (Subject)
SC 13G - First Guaranty Bancshares, Inc. (0001408534) (Subject)
SC 13D/A - First Guaranty Bancshares, Inc. (0001408534) (Subject)
SC 13D/A - First Guaranty Bancshares, Inc. (0001408534) (Subject)
SC 13D/A - First Guaranty Bancshares, Inc. (0001408534) (Subject)
SC 13D/A - First Guaranty Bancshares, Inc. (0001408534) (Subject)
HAMMOND, La., Oct. 31, 2024 (GLOBE NEWSWIRE) -- First Guaranty Bancshares, Inc. ("First Guaranty") (NASDAQ:FGBI), the holding company for First Guaranty Bank, announced its unaudited financial results for the third quarter and nine months ending September 30, 2024. Financial Highlights for the third quarter and nine months ended September 30, 2024, are as follows: Total assets increased $371.2 million and were $3.9 billion at September 30, 2024 and $3.6 billion at December 31, 2023. Total loans at September 30, 2024 were $2.8 billion, an increase of $20.9 million, or 0.8%, compared with December 31, 2023. Total deposits were $3.4 billion at September 30, 2024, an increase of $420.8 milli
HAMMOND, La., July 24, 2024 (GLOBE NEWSWIRE) -- First Guaranty Bancshares, Inc. ("First Guaranty") (NASDAQ:FGBI), the holding company for First Guaranty Bank, announced its key developments and unaudited financial results for the second quarter and six months ending June 30, 2024. Key developments are as follows: First Guaranty is initiating changes to its business strategy. The changes include slowing the trajectory of the bank's asset growth, further increasing the capital position, and working with leaner staff while utilizing automation and technological advances. First Guaranty has reduced staff by 71 positions. This reduction represents approximately 15% of the bank's workforce. Ea
HAMMOND, La., June 14, 2024 (GLOBE NEWSWIRE) -- On June 14, 2024 the Board of Directors of First Guaranty Bancshares, Inc. ("First Guaranty") declared a quarterly cash dividend on First Guaranty's outstanding shares of common stock of $0.16 per share. The dividend will be payable to shareholders of record as of June 25, 2024 and is expected to be paid on June 28, 2024. This is the 124th consecutive quarterly dividend paid to common shareholders. Sincerely, Michael R. MineerPresident and CEOFirst Guaranty Bancshares, Inc. About First Guaranty First Guaranty Bancshares, Inc. is the holding company for First Guaranty Bank, a Louisiana state-chartered bank. Founded in 1934, First Guaranty
HAMMOND, La., June 03, 2024 (GLOBE NEWSWIRE) -- First Guaranty Bancshares, Inc. announced Michael Mineer has been appointed as First Guaranty Bancshares, Inc. and First Guaranty Bank's President and CEO. He will succeed Alton Lewis, who announced his retirement at the end of May. Mineer has been a part of the First Guaranty family as the Mideast Area President since 2021 and brings over 35 years of banking experience to his new role. Most recently, Mineer served as President and CEO of Citizens Deposit Bank in Vanceburg, KY, since 2003, where he successfully grew the company from $89 million in assets to $650 million. Additionally, Mineer was Senior Vice President of Premier Financial
HAMMOND, La., May 29, 2024 (GLOBE NEWSWIRE) -- First Guaranty Bancshares, Inc. announced today that Alton Lewis will retire from his role as President and Chief Executive Officer of First Guaranty Bancshares, Inc. and First Guaranty Bank in May, 2024, after a dynamic and successful tenure. Mr. Lewis has been a part of the First Guaranty family for over three decades. He began his service as Board member in 1988 and became President and CEO in 2009. Under his leadership, First Guaranty grew from a $931 million institution to what it is today, $3.6 billion. Mr. Lewis was also instrumental in coordinating the IPO of the First Guaranty stock, FGBI, in 2015. Additional notable achievements are
HAMMOND, La., April 22, 2024 (GLOBE NEWSWIRE) -- The First Guaranty Bank Bridgeport, West Virginia branch is officially open in its new location at 1000 Jerry Dove Dr in the Market Place business complex in Bridgeport. First Guaranty's local and established team is committed to providing complete banking solutions, lending and small business services to the community. The new FGB branch is a full-service bank and ready to serve with lobby and drive up open Monday through Friday 8:30 AM – 4:30 PM. Drive up ITMs (Interactive Teller Machine) will also be available with a live banker to assist customers at a later date. "We're excited to bring our community-serving philosophy and fanati
HAMMOND, La., Feb. 05, 2024 (GLOBE NEWSWIRE) -- First Guaranty Bancshares, Inc. ("First Guaranty") (NASDAQ:FGBI), the holding company for First Guaranty Bank, announced its unaudited financial results for the quarter and year ending December 31, 2023. 2024!!!!!!! Happy New Year!!!!! We are happy to see 2023 in our rearview mirror. We survived the Silicon Valley adventure and now we have survived the Fed interest rate adventure. And we didn't just survive, we made money. Our loan volume continued to be strong and continues to be strong. The loan volume grew year over year from $2,519,077,000 to $2,748,708,000. We have tightened down on our expenses and we have used this opportunity to clea
HAMMOND, La., Nov. 21, 2023 (GLOBE NEWSWIRE) -- On November 16, 2023 the Board of Directors of First Guaranty Bancshares, Inc. ("First Guaranty") declared a quarterly cash dividend on First Guaranty's outstanding shares of common stock of $0.16 per share. The dividend will be payable to shareholders of record as of December 22, 2023 and is expected to be paid on December 29, 2023. This is the 122nd consecutive quarterly dividend paid to common shareholders. Sincerely, Alton B. LewisPresident and CEOFirst Guaranty Bancshares, Inc. About First Guaranty First Guaranty Bancshares, Inc. is the holding company for First Guaranty Bank, a Louisiana state-chartered bank. Founded in 1934, First
HAMMOND, La., Oct. 31, 2023 (GLOBE NEWSWIRE) -- First Guaranty Bancshares, Inc. ("First Guaranty") (NASDAQ:FGBI), the holding company for First Guaranty Bank, announced its unaudited financial results for the quarter ending September 30, 2023. We are making progress. In a time in which all banks have been battling the squeeze between loan interest rates and the rates to be paid for deposits, it appears that, in the second half of the third quarter, we passed the bottom and began to climb upward. Our loan portfolio before unearned income continued to grow as it grew to $2,707,669,000 as of September 30, 2023 compared to $2,599,099,000 as of June 30, 3023 and $2,526,720,000 as of December 3
HAMMOND, La., Oct. 23, 2023 (GLOBE NEWSWIRE) -- On October 19, 2023 the Board of Directors of First Guaranty Bancshares, Inc. ("First Guaranty") announced that on December 1, 2023, holders of record as of November 15, 2023 (the "Depository Shares Record Date") of its depositary shares (the "Depositary Shares"), each representing a 1/40th interest in the Corporation's 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock (the "Series A Preferred Stock"), will receive a quarterly distribution in the amount of $0.421875 per Depositary Share, resulting from First Guaranty's declaration of a $16.875 per share of Series A Preferred Stock quarterly cash dividend, which underlies the
HAMMOND, La., June 03, 2024 (GLOBE NEWSWIRE) -- First Guaranty Bancshares, Inc. announced Michael Mineer has been appointed as First Guaranty Bancshares, Inc. and First Guaranty Bank's President and CEO. He will succeed Alton Lewis, who announced his retirement at the end of May. Mineer has been a part of the First Guaranty family as the Mideast Area President since 2021 and brings over 35 years of banking experience to his new role. Most recently, Mineer served as President and CEO of Citizens Deposit Bank in Vanceburg, KY, since 2003, where he successfully grew the company from $89 million in assets to $650 million. Additionally, Mineer was Senior Vice President of Premier Financial
He will succeed Alton Lewis, who announced his retirement at the end of May.
Lewis will continue to be a presence at First Guaranty as he will continue to serve as Vice Chairman of the Holding Company and Bank Board of Directors.
First Guaranty Bancshares (NASDAQ:FGBI) reported quarterly earnings of $0.06 per share which missed the analyst consensus estimate of $0.09 by 33.33 percent. This is a 85.71 percent decrease over earnings of $0.42 per share from the same period last year. The company reported quarterly sales of $23.62 million which beat the analyst consensus estimate of $20.39 million by 15.80 percent. This is a 8.67 percent decrease over sales of $25.86 million the same period last year.
Investors eagerly anticipate the dividend payout from Landmark Bancorp (NASDAQ:LARK) on November 29, 2023. With a payout of $0.21 per share and an annualized dividend yield of 5.00%, this reward is exclusively for shareholders who held the stock before the ex-dividend date on November 14, 2023 Landmark Bancorp Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff; text-align: left;
Piper Sandler analyst Graham Dick downgraded First Guaranty Bancshares Inc (NASDAQ:FGBI) to Underweight from Neutral at a lowered price target of $9.50 (from $12.00). The analyst attributed the price target revision to continued pressure on the company's fundamentals. Last month, the company reported Q3 FY23 revenue of $22.934 million, beating the consensus of $20.689 million and EPS of $0.10, missing the consensus of $0.16. The analyst notes that FGBI's profitability profile has taken a substantial hit, given core revenues down 18% Y/Y and core expenses up 12% Y/Y in Q3. Also, the analyst is not expecting much improvement in return on assets until mid/late 2025, as the net interest mar
Piper Sandler analyst Stephen Scouten downgrades First Guaranty Bancshares (NASDAQ:FGBI) from Neutral to Underweight and lowers the price target from $12 to $9.5.
DA Davidson analyst Kevin Fitzsimmons maintains First Guaranty Bancshares (NASDAQ:FGBI) with a Neutral and lowers the price target from $13.5 to $13.
Wednesday marks the last chance for investors to receive the next dividend payout from First Guaranty Bancshares (NASDAQ:FGBI). What's Happening The company announced on Thursday that it would pay shareholders a quarterly dividend of 16 cents per share. On Thursday, First Guaranty Bancshares will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 16 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own FGBI as of the end of Wednesday's session are eligible to r
First Guaranty Bancshares, Inc. ("First Guaranty") (NASDAQ:FGBI), the holding company for First Guaranty Bank, announced today that it has completed a private placement offering of $10 million through the sale of 714,286 shares of common stock at $14 per share. This was accomplished by the unanimous participation of its Board of Directors and the Board of Directors of First Guaranty Bank, along with certain accredited investors within the banking organization. Commenting on the capital raise, Marshall T. Reynolds, Chairman of the Board of Directors of First Guaranty said, "We have been frustrated by the unfair beating our stock has taken in recent months, and the completion of the offerin
HAMMOND, La., Oct. 31, 2024 (GLOBE NEWSWIRE) -- First Guaranty Bancshares, Inc. ("First Guaranty") (NASDAQ:FGBI), the holding company for First Guaranty Bank, announced its unaudited financial results for the third quarter and nine months ending September 30, 2024. Financial Highlights for the third quarter and nine months ended September 30, 2024, are as follows: Total assets increased $371.2 million and were $3.9 billion at September 30, 2024 and $3.6 billion at December 31, 2023. Total loans at September 30, 2024 were $2.8 billion, an increase of $20.9 million, or 0.8%, compared with December 31, 2023. Total deposits were $3.4 billion at September 30, 2024, an increase of $420.8 milli
HAMMOND, La., July 24, 2024 (GLOBE NEWSWIRE) -- First Guaranty Bancshares, Inc. ("First Guaranty") (NASDAQ:FGBI), the holding company for First Guaranty Bank, announced its key developments and unaudited financial results for the second quarter and six months ending June 30, 2024. Key developments are as follows: First Guaranty is initiating changes to its business strategy. The changes include slowing the trajectory of the bank's asset growth, further increasing the capital position, and working with leaner staff while utilizing automation and technological advances. First Guaranty has reduced staff by 71 positions. This reduction represents approximately 15% of the bank's workforce. Ea
HAMMOND, La., June 14, 2024 (GLOBE NEWSWIRE) -- On June 14, 2024 the Board of Directors of First Guaranty Bancshares, Inc. ("First Guaranty") declared a quarterly cash dividend on First Guaranty's outstanding shares of common stock of $0.16 per share. The dividend will be payable to shareholders of record as of June 25, 2024 and is expected to be paid on June 28, 2024. This is the 124th consecutive quarterly dividend paid to common shareholders. Sincerely, Michael R. MineerPresident and CEOFirst Guaranty Bancshares, Inc. About First Guaranty First Guaranty Bancshares, Inc. is the holding company for First Guaranty Bank, a Louisiana state-chartered bank. Founded in 1934, First Guaranty
HAMMOND, La., Nov. 21, 2023 (GLOBE NEWSWIRE) -- On November 16, 2023 the Board of Directors of First Guaranty Bancshares, Inc. ("First Guaranty") declared a quarterly cash dividend on First Guaranty's outstanding shares of common stock of $0.16 per share. The dividend will be payable to shareholders of record as of December 22, 2023 and is expected to be paid on December 29, 2023. This is the 122nd consecutive quarterly dividend paid to common shareholders. Sincerely, Alton B. LewisPresident and CEOFirst Guaranty Bancshares, Inc. About First Guaranty First Guaranty Bancshares, Inc. is the holding company for First Guaranty Bank, a Louisiana state-chartered bank. Founded in 1934, First
HAMMOND, La., Oct. 23, 2023 (GLOBE NEWSWIRE) -- On October 19, 2023 the Board of Directors of First Guaranty Bancshares, Inc. ("First Guaranty") announced that on December 1, 2023, holders of record as of November 15, 2023 (the "Depository Shares Record Date") of its depositary shares (the "Depositary Shares"), each representing a 1/40th interest in the Corporation's 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock (the "Series A Preferred Stock"), will receive a quarterly distribution in the amount of $0.421875 per Depositary Share, resulting from First Guaranty's declaration of a $16.875 per share of Series A Preferred Stock quarterly cash dividend, which underlies the
HAMMOND, La., Jan. 31, 2023 (GLOBE NEWSWIRE) -- First Guaranty Bancshares, Inc. ("First Guaranty") (NASDAQ:FGBI), the holding company for First Guaranty Bank, announced its unaudited financial results for the quarter and year ending December 31, 2022. 2022 marked another very successful year for First Guaranty Bancshares, Inc. Earnings increased for the fifth year consecutively. The number of consecutive quarters with a quarterly dividend paid to shareholders increased to 118. Total assets broke through the $3 billion mark to a total of $3,151,347,000 compared to $2,878,120,000 as of the end of December 2021, an increase of 9% year over year. The loan portfolio increased to $2,519,077,000
HAMMOND, La., Nov. 21, 2022 (GLOBE NEWSWIRE) -- On November 17, 2022 the Board of Directors of First Guaranty Bancshares, Inc. ("First Guaranty") declared a quarterly cash dividend on First Guaranty's outstanding shares of common stock of $0.16 per share. The dividend will be payable to shareholders of record as of December 23, 2022 and is expected to be paid on December 30, 2022. This is the 118th consecutive quarterly dividend paid to common shareholders. Sincerely, Alton B. LewisPresident and CEOFirst Guaranty Bancshares, Inc. About First Guaranty First Guaranty Bancshares, Inc. is the holding company for First Guaranty Bank, a Louisiana state-chartered bank. Founded in 1934, First
HAMMOND, La., Oct. 28, 2022 (GLOBE NEWSWIRE) -- First Guaranty Bancshares, Inc. ("First Guaranty") (NASDAQ:FGBI), the holding company for First Guaranty Bank, announced its unaudited financial results for the quarter ending September 30, 2022. The real strength of your progress is shown when you are swimming against the tide. In the third quarter 2022, First Guaranty Bank showed continued progress and strength by improving its earnings, asset quality and equity while overcoming interest rate increases, adversity due to natural disasters, and market doubts about the economy. With all of these questions, First Guaranty's earnings for the nine months ending September 30th increased from $1.
HAMMOND, La., Aug. 22, 2022 (GLOBE NEWSWIRE) -- On August 18, 2022 the Board of Directors of First Guaranty Bancshares, Inc. ("First Guaranty") declared a quarterly cash dividend on First Guaranty's outstanding shares of common stock of $0.16 per share. The dividend will be payable to shareholders of record as of September 23, 2022 and is expected to be paid on September 30, 2022. This is the 117th consecutive quarterly dividend paid to common shareholders. Sincerely, Alton B. LewisPresident and CEOFirst Guaranty Bancshares, Inc. About First Guaranty First Guaranty Bancshares, Inc. is the holding company for First Guaranty Bank, a Louisiana state-chartered bank. Founded in 1934, First
HAMMOND, La., May 24, 2022 (GLOBE NEWSWIRE) -- On May 19th, 2022 the Board of Directors of First Guaranty Bancshares, Inc. ("First Guaranty") declared a quarterly cash dividend on First Guaranty's outstanding shares of common stock of $0.16 per share. The dividend will be payable to shareholders of record as of June 24th, 2022 and is expected to be paid on June 30th, 2022. This is the 116th consecutive quarterly dividend paid to common shareholders. Sincerely, Alton B. LewisPresident and CEOFirst Guaranty Bancshares, Inc. About First Guaranty About First Guaranty Bancshares, Inc. First Guaranty Bancshares, Inc. is the holding company for First Guaranty Bank, a Louisiana state-chartere
4 - First Guaranty Bancshares, Inc. (0001408534) (Issuer)
4 - First Guaranty Bancshares, Inc. (0001408534) (Issuer)
4 - First Guaranty Bancshares, Inc. (0001408534) (Issuer)
3 - First Guaranty Bancshares, Inc. (0001408534) (Issuer)
4 - First Guaranty Bancshares, Inc. (0001408534) (Issuer)
4 - First Guaranty Bancshares, Inc. (0001408534) (Issuer)
4 - First Guaranty Bancshares, Inc. (0001408534) (Issuer)
4 - First Guaranty Bancshares, Inc. (0001408534) (Issuer)
4 - First Guaranty Bancshares, Inc. (0001408534) (Issuer)
4 - First Guaranty Bancshares, Inc. (0001408534) (Issuer)
Piper Sandler downgraded First Guaranty Bancshares from Neutral to Underweight and set a new price target of $9.50 from $12.00 previously
Janney downgraded First Guaranty Bancshares from Buy to Neutral
DA Davidson initiated coverage of First Guaranty Bancshares with a rating of Neutral and set a new price target of $19.50
DA Davidson initiated coverage of First Guaranty Bancshares with a rating of Neutral