First Guaranty Bancshares, Inc.
FGBI Nasdaq Savings Institution, Federally Chartered Financials FY2016–FY2025
Revenue
Total sales reported in the income statement.
$95.4M
15.7%
vs prior year
Efficiency ratio
Noninterest expense as a share of revenue. Lower is better for banks.
86.2%
18.0 pts
Net income
Profit after all expenses, interest and tax.
−$56.0M
550.0%
Return on equity
Net income as a share of average shareholders' equity.
−23.3%
28.2 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
—
P/E
Last close divided by diluted earnings per share over the last four quarters.
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What First Guaranty Bancshares, Inc. does
No business description yet.
- Legal name
- First Guaranty Bancshares, Inc.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 31, 2026
- Accession · CIK
- 0001408534-26-000021
0001408534
Revenue and margins
First Guaranty Bancshares, Inc. had $95.4M of revenue in fiscal 2025, down 15.7% on the year before.
FY16
Revenue $57.8M
FY17
Revenue $61.5M
FY18
Revenue $62.3M
FY19
Revenue $70.0M
FY20
Revenue $98.4M
FY21
Revenue $100M
FY22
Revenue $111M
FY23
Revenue $95.3M
FY24
Revenue $113M
FY25
Revenue $95.4M
Q3 '23
Revenue $22.9M
Q4 '23
Revenue $23.6M
Q1 '24
Revenue $24.2M
Q2 '24
Revenue $36.8M
Q3 '24
Revenue $27.1M
Q4 '24
Revenue $25.1M
Q1 '25
Revenue $24.6M
Q2 '25
Revenue $24.4M
Q3 '25
Revenue $24.1M
Q4 '25
Revenue $22.3M
Q1 '26
Revenue $22.9M
Q2 '26
Revenue $24.2M
FY16
Net interest share 83.7%
Efficiency ratio 56.8%
FY17
Net interest share 86.4%
Efficiency ratio 62.6%
FY18
Net interest share 91.5%
Efficiency ratio 69.5%
FY19
Net interest share 88.1%
Efficiency ratio 67.5%
FY20
Net interest share 75.8%
Efficiency ratio 58.9%
FY21
Net interest share 89.3%
Efficiency ratio 63.6%
FY22
Net interest share 90.1%
Efficiency ratio 63.9%
FY23
Net interest share 88.9%
Efficiency ratio 83.6%
FY24
Net interest share 78.1%
Efficiency ratio 68.2%
FY25
Net interest share 91.1%
Efficiency ratio 86.2%
Net interest share
Efficiency ratio
Q3 '23
Net interest share 89.1%
Efficiency ratio 87.2%
Q4 '23
Net interest share 89.1%
Efficiency ratio 83.7%
Q1 '24
Net interest share 90.5%
Efficiency ratio 78.1%
Q2 '24
Net interest share 57.8%
Efficiency ratio 56.1%
Q3 '24
Net interest share 83.7%
Efficiency ratio 72.7%
Q4 '24
Net interest share 90.0%
Efficiency ratio 71.3%
Q1 '25
Net interest share 90.4%
Efficiency ratio 73.3%
Q2 '25
Net interest share 91.2%
Efficiency ratio 70.8%
Q3 '25
Net interest share 92.3%
Efficiency ratio 125.2%
Q4 '25
Net interest share 90.6%
Efficiency ratio 75.1%
Q1 '26
Net interest share 90.4%
Efficiency ratio 73.1%
Q2 '26
Net interest share 92.1%
Efficiency ratio 71.2%
Net interest share
Efficiency ratio
Net income and earnings per share
Loss periods are shown in red.
FY16
Net income $14.1M
FY17
Net income $11.8M
FY18
Net income $14.2M
FY19
Net income $14.2M
FY20
Net income $20.3M
FY21
Net income $27.3M
FY22
Net income $28.9M
FY23
Net income $9.2M
FY24
Net income $12.4M
FY25
Net income −$56.0M
Q3 '23
Net income $1.8M
Q4 '23
Net income $1.3M
Q1 '24
Net income $2.3M
Q2 '24
Net income $7.2M
Q3 '24
Net income $1.9M
Q4 '24
Net income $1.0M
Q1 '25
Net income −$6.2M
Q2 '25
Net income −$7.3M
Q3 '25
Net income −$45.0M
Q4 '25
Net income $2.5M
Q1 '26
Net income $2.7M
Q2 '26
Net income $3.4M
FY16
Diluted EPS —
FY17
Diluted EPS —
FY18
Diluted EPS —
FY19
Diluted EPS —
FY20
Diluted EPS —
FY21
Diluted EPS —
FY22
Diluted EPS —
FY23
Diluted EPS —
FY24
Diluted EPS —
FY25
Diluted EPS —
Returns and efficiency
For banks, return on equity and the efficiency ratio (costs as a share of revenue) say most about how well the business runs.
FY16
ROE 11.3%
ROTE 11.6%
Efficiency ratio 56.8%
FY17
ROE 8.8%
ROTE 8.6%
Efficiency ratio 62.6%
FY18
ROE 9.8%
ROTE 10.1%
Efficiency ratio 69.5%
FY19
ROE 9.1%
ROTE 9.8%
Efficiency ratio 67.5%
FY20
ROE 11.8%
ROTE 12.8%
Efficiency ratio 58.9%
FY21
ROE 13.6%
ROTE 12.6%
Efficiency ratio 63.6%
FY22
ROE 12.6%
ROTE 12.2%
Efficiency ratio 63.9%
FY23
ROE 3.8%
ROTE 3.0%
Efficiency ratio 83.6%
FY24
ROE 4.9%
ROTE 4.2%
Efficiency ratio 68.2%
FY25
ROE −23.3%
ROTE −26.1%
Efficiency ratio 86.2%
ROE
ROTE
Efficiency ratio
Dividends, buybacks and share count
First Guaranty Bancshares, Inc. returned $0.6M to shareholders in fiscal 2025. The diluted share count rose 0.0%.
FY16
Dividends $4.9M
Buybacks —
FY17
Dividends $5.2M
Buybacks —
FY18
Dividends $5.6M
Buybacks —
FY19
Dividends $5.8M
Buybacks —
FY20
Dividends $6.2M
Buybacks —
FY21
Dividends $6.4M
Buybacks —
FY22
Dividends $6.9M
Buybacks —
FY23
Dividends $7.4M
Buybacks —
FY24
Dividends $5.1M
Buybacks —
FY25
Dividends $0.6M
Buybacks —
Dividends
Buybacks
Q3 '23
Dividends $1.8M
Buybacks —
Q4 '23
Dividends $2.0M
Buybacks —
Q1 '24
Dividends $2.0M
Buybacks —
Q2 '24
Dividends $2.0M
Buybacks —
Q3 '24
Dividends $1.0M
Buybacks —
Q4 '24
Dividends $0.1M
Buybacks —
Q1 '25
Dividends $0.1M
Buybacks —
Q2 '25
Dividends $0.1M
Buybacks —
Q3 '25
Dividends $0.2M
Buybacks —
Q4 '25
Dividends $0.2M
Buybacks —
Q1 '26
Dividends $0.2M
Buybacks —
Q2 '26
Dividends $0.2M
Buybacks —
Dividends
Buybacks
FY16
Diluted shares —
FY17
Diluted shares —
FY18
Diluted shares —
FY19
Diluted shares —
FY20
Diluted shares —
FY21
Diluted shares —
FY22
Diluted shares —
FY23
Diluted shares —
FY24
Diluted shares —
FY25
Diluted shares —
Balance sheet
Loans, deposits and capital at each fiscal year end.
FY16
Loans $938M
Deposits $1.3B
FY17
Loans $1.1B
Deposits $1.5B
FY18
Loans $1.2B
Deposits $1.6B
FY19
Loans $1.5B
Deposits $1.9B
FY20
Loans —
Deposits $2.2B
FY21
Loans —
Deposits $2.6B
FY22
Loans $2.5B
Deposits $2.7B
FY23
Loans $2.7B
Deposits $3.0B
FY24
Loans $2.7B
Deposits $3.5B
FY25
Loans $2.0B
Deposits $3.6B
Loans
Deposits
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Loans, net | — | $2.5B | $2.7B | $2.7B | $2.0B |
| Deposits | $2.6B | $2.7B | $3.0B | $3.5B | $3.6B |
| Loans / deposits | — | 91.6% | 90.3% | 76.5% | 55.9% |
| Total assets | $2.9B | $3.2B | $3.6B | $4.0B | $4.1B |
| Shareholders' equity | $224M | $235M | $250M | $255M | $226M |
| Goodwill | $12.9M | $12.9M | $12.9M | $12.9M | $0.0M |
| Intangible assets | $5.9M | $5.0M | $4.3M | $3.5M | $2.6M |
| Provision / loans | — | 0.1% | 0.1% | 0.8% | 4.0% |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $57.8M | $61.5M | $62.3M | $70.0M | $98.4M | $100M | $111M | $95.3M | $113M | $95.4M |
| Net interest income | $48.4M | $53.2M | $57.0M | $61.7M | $74.7M | $89.6M | $100M | $84.7M | $88.4M | $86.9M |
| Noninterest income | $9.5M | $8.3M | $5.3M | $8.3M | $23.8M | $10.8M | $11.0M | $10.6M | $24.7M | $8.5M |
| Noninterest expense | $32.9M | $38.5M | $43.3M | $47.2M | $58.0M | $63.9M | $71.0M | $79.7M | $77.1M | $82.2M |
| Provision for credit losses | $3.7M | $3.8M | $1.4M | $4.9M | — | — | $3.7M | $3.7M | $20.0M | $81.7M |
| Operating income | — | — | — | — | — | — | — | — | — | −$46.2M |
| Interest expense | $10.1M | $14.4M | $21.4M | $30.0M | $26.0M | $22.3M | $36.5M | $98.3M | — | — |
| Pretax income | $21.3M | $19.2M | $17.7M | $17.9M | $25.5M | $34.5M | $36.4M | $11.9M | $16.0M | −$68.6M |
| Income tax | $7.2M | $7.4M | $3.5M | $3.7M | $5.2M | $7.2M | $7.5M | $2.7M | $3.6M | −$12.5M |
| Net income | $14.1M | $11.8M | $14.2M | $14.2M | $20.3M | $27.3M | $28.9M | $9.2M | $12.4M | −$56.0M |
| Net income to common | $14.1M | $11.8M | — | $14.2M | $20.3M | $25.9M | $26.6M | $6.9M | $10.1M | −$58.4M |
| Cash flow | ||||||||||
| Cash from operations | $22.2M | $12.3M | $26.9M | $29.1M | $23.8M | $26.5M | $36.9M | $21.7M | $33.7M | −$8.3M |
| Capital expenditure | $4.1M | $6.8M | $3.8M | $11.9M | $6.3M | $2.2M | $2.6M | $14.9M | $3.0M | $1.7M |
| Free cash flow | $18.1M | $5.5M | $23.1M | $17.1M | $17.4M | $24.3M | $34.2M | $6.9M | $30.7M | −$10.0M |
| Depreciation and amortization | $2.2M | $2.4M | $3.3M | $3.1M | $3.8M | $4.8M | $4.1M | $4.0M | $4.4M | $4.3M |
| Dividends paid | $4.9M | $5.2M | $5.6M | $5.8M | $6.2M | $6.4M | $6.9M | $7.4M | $5.1M | $0.6M |
| Dividends and buybacks | $4.9M | $5.2M | $5.6M | $5.8M | $6.2M | $6.4M | $6.9M | $7.4M | $5.1M | $0.6M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $18.1M | $38.0M | $128M | $67.4M | $300M | $262M | $83.2M | $286M | $564M | $846M |
| Total debt | $43.2M | $52.9M | $34.5M | $83.2M | $117M | $49.6M | $183M | $275M | $202M | $186M |
| Loans, net | $938M | $1.1B | $1.2B | $1.5B | — | — | $2.5B | $2.7B | $2.7B | $2.0B |
| Deposits | $1.3B | $1.5B | $1.6B | $1.9B | $2.2B | $2.6B | $2.7B | $3.0B | $3.5B | $3.6B |
| Property and equipment, net | $23.5M | $38.0M | $39.7M | $56.5M | $59.9M | $58.6M | $58.2M | $69.8M | $67.8M | $59.6M |
| Goodwill | $2.0M | $3.5M | $3.5M | $12.9M | $12.9M | $12.9M | $12.9M | $12.9M | $12.9M | $0.0M |
| Intangible assets | $1.1M | $4.4M | $3.5M | $7.2M | $6.6M | $5.9M | $5.0M | $4.3M | $3.5M | $2.6M |
| Total assets | $1.5B | $1.8B | $1.8B | $2.1B | $2.5B | $2.9B | $3.2B | $3.6B | $4.0B | $4.1B |
| Total liabilities | $1.4B | $1.6B | $1.7B | $2.0B | $2.3B | $2.7B | $2.9B | $3.3B | $3.7B | $3.9B |
| Preferred stock | — | — | — | — | $0.0M | $33.1M | $33.1M | $33.1M | $33.1M | $33.1M |
| Shareholders' equity | $124M | $144M | $147M | $166M | $179M | $224M | $235M | $250M | $255M | $226M |
| Margins | ||||||||||
| Operating margin | — | — | — | — | — | — | — | — | — | −48.4% |
| EBITDA margin | — | — | — | — | — | — | — | — | — | −43.9% |
| Net margin | 24.4% | 19.1% | 22.8% | 20.4% | 20.6% | 27.2% | 26.0% | 9.7% | 11.0% | −58.7% |
| FCF margin | 31.3% | 8.9% | 37.1% | 24.5% | 17.7% | 24.2% | 30.8% | 7.2% | 27.1% | −10.5% |
| Net interest share of revenue | 83.7% | 86.4% | 91.5% | 88.1% | 75.8% | 89.3% | 90.1% | 88.9% | 78.1% | 91.1% |
| Efficiency ratio | 56.8% | 62.6% | 69.5% | 67.5% | 58.9% | 63.6% | 63.9% | 83.6% | 68.2% | 86.2% |
| Returns | ||||||||||
| Return on equity | 11.3% | 8.8% | 9.8% | 9.1% | 11.8% | 13.6% | 12.6% | 3.8% | 4.9% | −23.3% |
| Return on assets | 0.9% | 0.7% | 0.8% | 0.7% | 0.9% | 1.0% | 1.0% | 0.3% | 0.3% | −1.4% |
| Return on tangible equity | 11.6% | 8.6% | 10.1% | 9.8% | 12.8% | 12.6% | 12.2% | 3.0% | 4.2% | −26.1% |
| Growth | ||||||||||
| Revenue growth | — | 6.3% | 1.3% | 12.3% | 40.7% | 2.0% | 10.6% | −14.2% | 18.8% | −15.7% |
| Net income growth | — | −16.6% | 21.0% | 0.2% | 42.7% | 34.3% | 5.8% | −68.1% | 35.0% | −550.0% |
| FCF growth | — | −69.8% | 323.0% | −25.8% | 1.8% | 39.4% | 40.7% | −80.0% | 347.4% | −132.5% |
| Financial health | ||||||||||
| Debt / equity | 0.3x | 0.4x | 0.2x | 0.5x | 0.7x | 0.2x | 0.8x | 1.1x | 0.8x | 0.8x |
| Loans / deposits | 70.7% | 73.6% | 74.5% | 81.7% | — | — | 91.6% | 90.3% | 76.5% | 55.9% |
| Provision / loans | 0.4% | 0.3% | 0.1% | 0.3% | — | — | 0.1% | 0.1% | 0.8% | 4.0% |
| Capital allocation | ||||||||||
| Capex / revenue | 7.1% | 11.1% | 6.1% | 17.1% | 6.4% | 2.2% | 2.4% | 15.6% | 2.7% | 1.8% |
| Payouts / FCF | 26.9% | 95.4% | 24.4% | 33.8% | 35.7% | 26.3% | 20.0% | 107.5% | 16.7% | — |
| Quality scores | ||||||||||
| Accruals ratio | −0.5% | −0.0% | −0.7% | −0.8% | −0.1% | 0.0% | −0.3% | −0.4% | −0.6% | −1.2% |
Source: SEC EDGAR XBRL filings (CIK 0001408534). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.