FGBI · First Guaranty Bancshares, Inc.
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, such as personal and business checking, savings, money market, and demand deposits accounts, as well as time deposits to consumers, small businesses, and municipalities. The company 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 credit cards, mobile 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 was founded in 1934 and is headquartered in Hammond, Louisiana.
Cap structure and valuation
| Cap structure | |
|---|---|
| SP | $10.06 |
| SO | 16.5M |
| Options | — |
| Warrants | — |
| FD SO | 16.5M |
| MC | $165.5M |
| Cash | $733.8M |
| Total debt | $216.1M ⚠ |
| EV | $-352.1M |
| TTM Multiples | |
|---|---|
| EV / Revenue | — |
| EV / EBITDA | — |
| MC / Net Income | — |
| EV / FCF | — |
| MC / FCF | 4.7x |
| Ownership & coverage | |
|---|---|
| Institutional | 5.2% |
| Insiders | 55.7% |
| # Institutions | 43 |
| Analysts | 1 |
| Consensus | — |
| Avg target | $9.00 |
| Short % float | 10.4% |
| Days to cover | 7.32 |
MC = SP × FD SO. EV = MC + Debt − Cash. SP = previous yfinance close. Balance-sheet figures as of 2026-05-11. Multiples use TTM (sum of last 4 quarters); shown as "—" when the denominator is zero or negative, or when fewer than four quarters are reported — a partial sum is not a trailing twelve months. Ownership & coverage per Yahoo Finance as of 2026-07-13 — institutional % is 13F-based, so it can lag a quarter and exceed 100% on share-count timing. Short interest per FINRA bi-monthly reporting, as of 2026-06-29; the float denominator can be unreliable on tiny floats.
This filer tags no option or warrant count, so FD SO counts it as zero and understates dilution — treat FD SO, MC and EV as a floor. (XBRL reports nothing both for a filer that has none and for one that simply doesn't tag them.)
Debt figure uncertain — deposit-funded financial institution — debt/EV not a meaningful metric. Verify against the filing before relying on EV.
Financial statements
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Total Revenue | 54.48 | 53.10 | 55.36 | 56.48 |
| Revenue YoY % | (4.1%) | (11.8%) | (10.5%) | (18.4%) |
| SG&A | 16.73 | 16.79 | 30.18 | 17.27 |
| Interest Expense | 20.69 | 20.24 | 22.24 | 22.24 |
| Pretax Income | 3.54 | 2.92 | (54.01) | (9.48) |
| Tax Provision | 0.80 | 0.47 | (9.01) | (2.18) |
| Net Income | 2.74 | 2.45 | (45.00) | (7.30) |
| Net Margin % | 5.0% | 4.6% | (81.3%) | (12.9%) |
| Basic EPS | $0.14 | $0.28 | -$3.01 | -$0.61 |
| Basic Avg Shares | 15.8 | — | 15.1 | 12.9 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Total Revenue | 219.42 | 221.75 | 246.44 | 193.59 | 147.59 |
| Revenue YoY % | (1.1%) | (10.0%) | 27.3% | 31.2% | — |
| Gross Profit | — | — | — | 84.70 | 100.04 |
| Gross Profit YoY % | — | — | — | (15.3%) | — |
| Gross Margin % | — | — | — | 43.8% | 67.8% |
| SG&A | 80.96 | 82.25 | 77.14 | 79.67 | 71.00 |
| Operating Income | — | (46.20) | — | — | — |
| Operating Margin % | — | (20.8%) | — | — | — |
| EBITDA | — | (43.00) | — | — | — |
| EBITDA Margin % | — | (19.4%) | — | — | — |
| Interest Expense | 85.41 | 86.94 | 88.44 | 98.30 | 36.53 |
| Other Income / (Expense) | — | 64.58 | — | — | — |
| Pretax Income | (57.03) | (68.56) | 16.01 | 11.90 | 36.39 |
| Tax Provision | (9.92) | (12.54) | 3.56 | 2.68 | 7.51 |
| Net Income | (47.11) | (56.02) | 12.45 | 9.22 | 28.88 |
| Net Margin % | (21.5%) | (25.3%) | 5.1% | 4.8% | 19.6% |
| Basic EPS | -$3.20 | -$4.17 | $0.81 | $0.62 | $2.48 |
| Basic Avg Shares | 15.8 | 14.0 | 12.5 | 11.2 | 10.7 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Cash & Equivalents | 733.77 | 845.70 | 754.18 | 714.87 |
| Net PPE | 58.75 | 59.59 | 59.98 | 66.03 |
| Operating Lease ROU | 10.90 | 11.10 | 11.20 | 11.30 |
| Goodwill | 0.00 | 0.00 | 0.00 | 12.90 |
| Intangible Assets | 2.43 | 2.64 | 2.85 | 3.06 |
| Other Assets | 3,152.69 | 3,159.30 | 2,969.13 | 3,161.42 |
| Total Assets | 3,958.54 | 4,078.32 | 3,797.34 | 3,969.58 |
| Long-term Debt | — | 179.00 | — | — |
| Other Liabilities | 3,734.55 | 3,673.10 | 3,576.26 | 3,706.49 |
| Total Liabilities | 3,734.55 | 3,852.10 | 3,576.26 | 3,706.49 |
| Retained Earnings | 16.06 | 14.05 | 12.34 | 58.08 |
| Total Equity | 223.99 | 226.22 | 221.07 | 263.09 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Cash & Equivalents | 733.77 | 845.70 | 564.21 | 286.45 | 83.22 |
| Net PPE | 58.75 | 59.59 | 67.79 | 69.79 | 58.21 |
| Operating Lease ROU | 10.90 | 11.10 | 11.60 | 0.30 | — |
| Goodwill | 0.00 | 0.00 | 12.90 | 12.90 | 12.90 |
| Intangible Assets | 2.43 | 2.64 | 3.47 | 4.30 | 4.98 |
| Other Assets | 3,152.69 | 3,159.30 | 3,312.76 | 3,179.03 | 2,992.04 |
| Total Assets | 3,958.54 | 4,078.32 | 3,972.73 | 3,552.77 | 3,151.35 |
| Long-term Debt | — | 179.00 | 194.90 | 209.10 | 36.90 |
| Other Liabilities | 3,734.55 | 3,673.10 | 3,522.78 | 3,094.04 | 2,879.46 |
| Total Liabilities | 3,734.55 | 3,852.10 | 3,717.68 | 3,303.14 | 2,916.36 |
| Retained Earnings | 16.06 | 14.05 | 72.97 | 67.97 | 76.35 |
| Total Equity | 223.99 | 226.22 | 255.05 | 249.63 | 234.99 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Net Income | 2.74 | 2.45 | (45.00) | (7.30) |
| Δ Working Cap & Other | 47.85 | (27.23) | 74.43 | (11.01) |
| Operating Cash Flow | 50.59 | (24.78) | 29.43 | (18.32) |
| CapEx | (0.17) | (0.53) | (0.69) | (0.27) |
| Other Investing | (37.29) | (161.92) | 136.76 | (29.11) |
| Investing Cash Flow | (37.45) | (162.45) | 136.07 | (29.39) |
| Debt Repayment | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Issuance | 1.00 | 1.50 | 0.99 | 2.98 |
| Dividends Paid | (0.16) | (0.15) | (0.15) | (0.13) |
| Other Financing | (125.92) | 277.40 | (127.02) | 141.29 |
| Financing Cash Flow | (125.07) | 278.74 | (126.19) | 144.14 |
| Free Cash Flow | 50.43 | (25.30) | 28.74 | (18.59) |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Net Income | (47.11) | (56.02) | 12.45 | 9.22 | 28.88 |
| D&A | — | 3.20 | 3.40 | 3.00 | 3.10 |
| Δ Working Cap & Other | 84.04 | 44.54 | 17.88 | 9.49 | 4.88 |
| Operating Cash Flow | 36.92 | (8.28) | 33.73 | 21.71 | 36.87 |
| CapEx | (1.66) | (1.70) | (3.04) | (14.86) | (2.64) |
| Other Investing | (91.56) | 131.59 | (139.03) | (191.23) | (465.27) |
| Investing Cash Flow | (93.21) | 129.90 | (142.07) | (206.09) | (467.91) |
| Debt Issuance | — | 0.00 | 29.70 | 195.10 | 0.00 |
| Debt Repayment | 0.00 | (1.01) | (44.03) | (22.95) | (5.78) |
| Stock Issuance | 6.46 | 7.05 | 0.00 | — | — |
| Dividends Paid | (0.59) | (0.56) | (5.13) | (7.37) | (6.86) |
| Other Financing | 165.75 | 154.40 | 405.55 | 222.83 | 264.98 |
| Financing Cash Flow | 171.63 | 159.88 | 386.09 | 387.61 | 252.33 |
| Free Cash Flow | 35.27 | (9.98) | 30.68 | 6.86 | 34.22 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Current Ratio | — | — | — | — |
| Quick Ratio | — | — | — | — |
| Debt / Equity | 16.67 | 17.03 | 16.18 | 14.09 |
| EBITDA Margin % | — | — | — | — |
| Working Capital | — | — | — | — |
| Net Debt | — | (666.70) | — | — |
| ROE % | 1.2% | 1.1% | (20.4%) | (2.8%) |
| ROA % | 0.1% | 0.1% | (1.2%) | (0.2%) |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Current Ratio | — | — | — | — | — |
| Quick Ratio | — | — | — | — | — |
| Debt / Equity | 16.67 | 17.03 | 14.58 | 13.23 | 12.41 |
| EBITDA Margin % | — | (19.4%) | — | — | — |
| Working Capital | — | — | — | — | — |
| Net Debt | — | (666.70) | (369.31) | (77.36) | (46.32) |
| ROE % | (21.0%) | (24.8%) | 4.9% | 3.7% | 12.3% |
| ROA % | (1.2%) | (1.4%) | 0.3% | 0.3% | 0.9% |
Insider activity (last 2 years)
| Date Filed | Reporter | Relationship | Trans. Date | Code | Shares | Price | Total Value |
|---|---|---|---|---|---|---|---|
| 2026-07-01 | Smith Edgar R. III | Director, 10% Owner | 2026-06-30 | P | 74,846 | $10.61 | $794,116 |
| 2026-05-05 | REYNOLDS MARSHALL T | Director, 10% Owner | 2026-04-30 | P | 109,051 | $9.17 | $999,998 |
| 2026-05-04 | Smith Edgar R. III | Director, 10% Owner | 2026-04-30 | P | 109,051 | $9.17 | $999,998 |
| 2026-05-04 | McAnally Bruce | Director | 2026-04-30 | P | 109,051 | $9.17 | $999,998 |
| 2026-04-02 | Smith Edgar R. III | Director, 10% Owner | 2026-03-31 | P | 138,083 | $7.77 | $1,072,905 |
| 2026-04-02 | REYNOLDS MARSHALL T | Director, 10% Owner | 2026-03-31 | P | 32,176 | $7.77 | $250,008 |
| 2026-04-02 | McAnally Bruce | Director | 2026-03-31 | P | 32,176 | $7.77 | $250,008 |
| 2026-01-02 | Smith Edgar R. III | Director | 2025-12-31 | P | 208,996 | $5.40 | $1,128,578 |
| 2026-01-02 | REYNOLDS MARSHALL T | Director | 2025-12-31 | P | 46,297 | $5.40 | $250,004 |
| 2026-01-02 | McAnally Bruce | Director | 2025-12-31 | P | 92,600 | $5.40 | $500,040 |
| 2025-12-15 | WALKER ROBERT W | Director | 2025-12-11 | P | 5,745 | $4.53 | $26,025 |
| 2025-12-15 | Dosch Eric | Officer (SVP and CFO) | 2025-12-09 | L | 100 | $4.82 | $482 |
| 2025-12-15 | Dosch Eric | Officer (SVP and CFO) | 2025-12-08 | L | 100 | $4.59 | $459 |
| 2025-12-11 | WALKER ROBERT W | Director | 2025-12-10 | P | 7,500 | $4.54 | $34,050 |
| 2025-12-05 | WALKER ROBERT W | Director | 2025-12-04 | P | 1,800 | $4.99 | $8,982 |
| 2025-12-05 | WALKER ROBERT W | Director | 2025-11-25 | P | 1,800 | $4.89 | $8,802 |
| 2025-11-21 | Smith Edgar R. III | Director | 2025-11-20 | P | 1,500 | $4.85 | $7,275 |
| 2025-11-21 | Smith Edgar R. III | Director | 2025-11-20 | P | 15,000 | $4.97 | $74,550 |
| 2025-11-21 | Smith Edgar R. III | Director | 2025-11-20 | P | 2,500 | $4.81 | $12,025 |
| 2025-11-21 | Smith Edgar R. III | Director | 2025-11-20 | P | 800 | $4.95 | $3,960 |
| 2025-11-21 | Smith Edgar R. III | Director | 2025-11-17 | P | 1,500 | $5.78 | $8,670 |
| 2025-10-02 | REYNOLDS MARSHALL T | Director | 2025-09-30 | P | 31,056 | $8.05 | $250,001 |
| 2025-10-02 | Smith Edgar R. III | Director | 2025-09-30 | P | 141,328 | $8.05 | $1,137,690 |
| 2025-10-02 | McAnally Bruce | Director | 2025-09-30 | P | 31,056 | $8.05 | $250,001 |
| 2025-09-22 | Dosch Eric | Officer (SVP and CFO) | 2025-09-08 | L | 100 | $8.74 | $874 |
| 2025-09-22 | Dosch Eric | Officer (SVP and CFO) | 2025-09-08 | L | 50 | $19.25 | $962 |
| 2025-09-22 | Dosch Eric | Officer (SVP and CFO) | 2025-09-08 | L | 100 | $8.74 | $874 |
| 2025-09-22 | Dosch Eric | Officer (SVP and CFO) | 2025-09-08 | L | 50 | $19.25 | $962 |
| 2025-09-22 | Dosch Eric | Officer (SVP and CFO) | 2025-09-05 | L | 56 | $8.68 | $486 |
| 2025-09-22 | Dosch Eric | Officer (SVP and CFO) | 2025-09-05 | L | 50 | $19.03 | $952 |
| 2025-09-22 | Dosch Eric | Officer (SVP and CFO) | 2025-09-05 | L | 100 | $8.67 | $867 |
| 2025-09-22 | Dosch Eric | Officer (SVP and CFO) | 2025-09-05 | L | 50 | $19.03 | $952 |
| 2025-09-22 | Dosch Eric | Officer (SVP and CFO) | 2025-09-05 | L | 50 | $19.25 | $962 |
| 2025-09-22 | Dosch Eric | Officer (SVP and CFO) | 2025-09-05 | L | 50 | $19.03 | $952 |
| 2025-09-22 | Dosch Eric | Officer (SVP and CFO) | 2025-09-04 | L | 44 | $8.50 | $374 |
| 2025-09-22 | Dosch Eric | Officer (SVP and CFO) | 2025-09-04 | L | 100 | $8.50 | $850 |
| 2025-09-15 | WALKER ROBERT W | Director | 2025-09-11 | P | 3,000 | $8.20 | $24,600 |
| 2025-08-29 | WALKER ROBERT W | Director | 2025-08-28 | P | 3,750 | $7.97 | $29,888 |
| 2025-08-28 | WALKER ROBERT W | Director | 2025-08-27 | P | 3,800 | $8.05 | $30,590 |
| 2025-08-28 | WALKER ROBERT W | Director | 2025-08-26 | L | 94 | $7.87 | $740 |
| 2025-08-27 | WALKER ROBERT W | Director | 2025-08-25 | P | 4,700 | $7.84 | $36,848 |
| 2025-08-27 | WALKER ROBERT W | Director | 2025-08-08 | L | 232 | $8.07 | $1,872 |
| 2025-08-27 | WALKER ROBERT W | Director | 2025-08-07 | L | 700 | $8.06 | $5,642 |
| 2025-07-02 | Hood William K | Director | 2025-06-30 | P | 30,865 | $8.10 | $250,006 |
| 2025-07-02 | WALKER ROBERT W | Director | 2025-06-30 | P | 8,000 | $8.10 | $64,800 |
| 2025-07-02 | Smith Edgar R. III | Director | 2025-06-30 | P | 30,865 | $8.10 | $250,006 |
| 2025-07-02 | Smith Edgar R. III | Director | 2025-06-30 | A | 1,981,506 | $7.57 | $15,000,000 |
| 2025-07-02 | Smith Edgar R. III | Director | 2025-06-30 | A | 88,482 | $8.00 | $707,856 |
| 2025-07-01 | REYNOLDS MARSHALL T | Director | 2025-06-30 | P | 30,865 | $8.10 | $250,006 |
| 2025-07-01 | McAnally Bruce | Director | 2025-06-30 | P | 30,865 | $8.10 | $250,006 |
| 2025-05-27 | WALKER ROBERT W | Director | 2025-05-20 | P | 3,000 | $9.12 | $27,360 |
| 2025-05-27 | WALKER ROBERT W | Director | 2025-05-19 | L | 1,000 | $9.25 | $9,250 |
| 2025-05-23 | Smith Edgar R. III | Director | 2025-05-12 | P | 6,725 | $9.66 | $64,964 |
| 2025-04-30 | WALKER ROBERT W | Director | 2025-03-31 | P | 6,000 | $8.47 | $50,820 |
| 2025-04-21 | Smith Edgar R. III | Director | 2025-04-03 | P | 1,337 | $7.67 | $10,255 |
| 2025-04-21 | Smith Edgar R. III | Director | 2025-04-02 | P | 3,896 | $7.85 | $30,584 |
| 2025-04-03 | REYNOLDS MARSHALL T | Director | 2025-04-01 | P | 8,460 | $8.47 | $71,656 |
| 2025-04-02 | Smith Edgar R. III | Director | 2025-04-02 | P | 98,460 | $8.47 | $833,956 |
| 2025-04-02 | McAnally Bruce | Director | 2025-03-31 | P | 24,615 | $8.47 | $208,489 |
| 2025-04-02 | Hood William K | Director | 2025-03-31 | P | 98,460 | $8.47 | $833,956 |
| 2025-04-02 | Dosch Eric | Officer (SVP and CFO) | 2025-03-31 | P | 100 | $8.47 | $847 |
| 2024-08-15 | Smith Edgar R. III | Director | 2024-08-12 | P | 1,935 | $10.36 | $20,047 |
| 2024-08-15 | Hood William K | Director | 2024-08-12 | P | 1,935 | $10.36 | $20,047 |
| 2024-08-01 | Mineer Michael Ray | Officer (Chief Executive Officer) | 2024-07-31 | P | 1,000 | $10.37 | $10,370 |