First Guaranty Bancshares, Inc. (FGBI) Stock

First Guaranty Bancshares, Inc. (FGBI) is a Financials stock trading at $8.31 (as of 2026-09-02), with a market capitalization of $137.52M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

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 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 operates through 36 banking facilities primarily located in market services areas of Hammond, Baton Rouge, Lafayette, Shreveport-Bossier City, Lake Charles, Alexandria, Dallas-Fort Worth-Arlington, Waco, Kentucky, and West Virginia. First Guaranty Bancshares, Inc. was founded in 1934 and is headquartered in Hammond, Louisiana.

Understand First Guaranty Bancshares, Inc.: how it makes money

First Guaranty Bancshares runs a 30-branch community bank in Louisiana and Texas, earning the spread between deposit costs and loan yields on a portfolio of commercial and residential loans. The franchise is anchored by real-estate-secured lending, with local small-business and municipal relationships supplying the deposit base.

All profit comes from the interest spread on a single-market loan book; there is no product or geographic diversification to absorb a local property downturn.

Business quality (Weak): A 30-branch community bank whose earnings depend entirely on one regional loan book, currently posting losses while substandard credits accumulate and revenue shrinks.

Bull case

Deposit franchise still attracting: Total deposits grew 21.8% year over year, the single most important signal for a 30-branch community bank. A fast-growing local deposit base lowers funding costs and gives the bank room to expand lending without tapping wholesale funding.
Loan book still deploying: Net loans of $2.19 billion grew 2.6% year over year, showing the bank continues to make new loans in its Louisiana and Texas markets. Core lending relationships remain intact even in a quarter where revenue is soft.

Bear case

Substandard credits accumulating: Substandard loan relationships stand at $0.35 billion against a $2.19 billion net loan portfolio, meaning roughly one in six loans is already flagged as stressed. If local real estate conditions slip further, this bucket migrates to nonaccrual and drives real losses.
Quarter still operating at a loss: Return on equity is negative 16% and quarterly revenue fell 6% year over year to $100 million. The bank is paying more in deposit costs and credit provisions than it earns in interest, so shareholders absorb the gap each quarter until the spread recovers.
Real estate holds the whole book: Real-estate-secured loans total $1.94 billion of the $2.19 billion net loan portfolio. A sustained softening in Louisiana or Texas commercial or residential property values would impair nearly the entire lending book rather than a single segment.

Valuation — source: SEC EDGAR (first-party)
Price	$8.31
Market Cap	$137.52M
Price / Book	0.60
Price / Sales	0.66
FCF Yield	-7.3%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$213.28M
Net Margin	-26.3%
Revenue Growth (YoY)	-5.6%
EPS Growth (YoY)	-127.9%
FCF Growth (YoY)	-361.5%

Valuation vs Sector & Industry
Sector P/E (Financials)	15.2
Industry P/E (Banking)	13.0

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	VANGUARD CAPITAL MANAGEMENT LLC ($2.16M)
Institutional Holders Tracked	10
Congressional Trades (recent)	5

Company
Sector	Financials
Industry	Banking
CEO	Michael Ray Mineer
Employees	380
Country	US
IPO Date	2012-08-13

Related Companies (Banking; 8 comparable banks)

Data as of 2026-09-02.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.