Start here if you're new
what it is
First Guaranty runs a Louisiana community bank that takes deposits, makes loans, and sells basic banking services through 35 offices.
how it gets paid
Last year First Guaranty made $222M in revenue. commercial real estate loans was the main engine at $73M, or 33% of sales.
what just happened
The quarter said one thing clearly: revenue hit $162M, but earnings still fell apart.
At a glance
C+ balance sheet — struggling to keep the lights on
30/100 earnings predictability — expect surprises
0.5% dividend yield — cash in your pocket every quarter
$0.81 fy2024 eps est
$6M fy2024 rev est
xvary composite: 36/100 — weak
What they do
First Guaranty runs a Louisiana community bank that takes deposits, makes loans, and sells basic banking services through 35 offices.
This is a local bank, so the moat is proximity and habit. You do not switch banks for fun. First Guaranty has 35 offices and 396 employees serving Louisiana customers, which matters more on Main Street than on spreadsheets. The catch is scale: $131 million of market value versus $195 million of long-term debt is not a wide cushion.
How they make money
$222M
annual revenue
commercial real estate loans
$73M
commercial and industrial loans
$40M
residential real estate loans
$36M
deposit service and fee income
$31M
construction, agriculture, and consumer loans
$42M
The products that matter
core lending and deposit banking
commercial banking
$13.7M trailing revenue
this is the whole story: a $13.7M trailing revenue banking franchise that produced $2.5M of net income in Q4 2025. if that quarter repeats, the turnaround case survives. if not, you are left with a weak bank that briefly looked better.
turnaround core
asset cleanup and disposition
texas operations sale
$7.0M OREO property
this is not growth. it is cleanup. the planned sale of a $7.0M OREO property is expected to close in Q3 2026 and matters because a $131M bank does not get many easy balance-sheet wins.
execution watch
Key numbers
$0.81
2024 EPS
That is the clearest read on current earning power, and it is still far below the $2.48 posted in 2022.
$195M
long-term debt
Debt is real. It sits above your equity and limits how much bad news this bank can absorb.
60%
debt to capital
Jargon → debt to capital → borrowed money as a share of total funding. So what: leverage is doing more work than you want in a shaky earnings story.
$222M
annual revenue
That is the scale of the bank's revenue engine, even as profit stayed thin.
Financial health
C+
strength
- balance sheet grade C+ — weak — may struggle to fund operations
- risk rank 4 — safer than 20% of stocks
- price stability 35 / 100
- long-term debt $195M (60% of capital)
C+ — balance sheet grade and long-term debt are flagged. this stock carries more risk than average.
Total return vs. market
Return history isn't available for FGBI right now.
source: institutional data · return history unavailable
What just happened
missed estimates
The quarter said one thing clearly: revenue hit $162M, but earnings still fell apart.
Latest-quarter revenue was $162 million, up 203% vs. prior year, while EPS was negative $4.45, down 48% vs. prior year. Deadpan fact bomb: revenue jumped and shareholders still got a loss.
$56M
revenue
-$4.45
eps
n/a
n/a
the number that mattered
EPS of negative $4.45 mattered most because banks can survive slow growth, but they do not get to ignore losses.
source: company earnings report, 2026
Get this snapshot in your inbox
This page, delivered free — plus weekly updates when the numbers change. plain english, no spam.
weekly updates
earnings alerts
plain english
no spam
What could go wrong
the core risk is simple: this bank already trades at 0.7x book, and book value still is not clearly safe.
high
negative returns keep eating the equity base
a -23.28% return on equity and -1.39% return on assets tell you the problem is not sentiment. it is economics. if quarterly profit slips back into losses, the 0.7x price-to-book multiple can stay cheap for a long time.
a -23.28% return on equity and -1.39% return on assets tell you the problem is not sentiment. it is economics. if quarterly profit slips back into losses, the 0.7x price-to-book multiple can stay cheap for a long time.
high
the texas cleanup could slip
the planned $7.0M OREO property sale is expected in Q3 2026. if it gets delayed or repriced, the repair story weakens and problem assets stay on the books longer.
the planned $7.0M OREO property sale is expected in Q3 2026. if it gets delayed or repriced, the repair story weakens and problem assets stay on the books longer.
med
the debt load leaves less room for another bad quarter
$195M of long-term debt equals 60% of capital. banks use debt by design, but a C+ balance-sheet grade means this one has less margin for error than you probably want in a turnaround.
$195M of long-term debt equals 60% of capital. banks use debt by design, but a C+ balance-sheet grade means this one has less margin for error than you probably want in a turnaround.
med
this is a small bank with a thin earnings record
earnings predictability is 30/100 and the company ranks 749th of 880 in its sector. that does not prove failure, but it does tell you the turnaround starts from the back of the pack.
earnings predictability is 30/100 and the company ranks 749th of 880 in its sector. that does not prove failure, but it does tell you the turnaround starts from the back of the pack.
if profitability does not stabilize, the market is not mispricing FGBI at 0.7x book — it is pricing the chance that book value keeps shrinking.
source: institutional data · regulatory filings · risk analysis
Pay attention to
earnings
the next quarter matters more than the last one
you need another profitable print after the $2.5M Q4 2025 result. one quarter is evidence. two starts to look like a pattern.
valuation
whether 0.7x price-to-book is opportunity or diagnosis
the discount to the 1.0x peer average is the entire cheap-stock case. if book value keeps slipping, the discount is not a bargain. it is the message.
risk
the Q3 2026 texas asset sale
the expected sale of the $7.0M OREO property is a real event with real balance-sheet consequences. small banks do not get many cleanup catalysts.
trend
whether profitability and return metrics stop arguing
$2.5M of quarterly net income looks better than a -23.28% return on equity. those two numbers need to converge in the right direction.
Analyst rankings
earnings predictability
30 / 100
in human-speak: the numbers move around a lot, so you should treat single-quarter improvements carefully.
risk rank
4
safer than about 20% of stocks. for a bank, that is not comforting.
source: institutional data
Institutional activity
institutional ownership data for FGBI is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$8
current price
n/a
target midpoint · n/a from current
Want the deeper analysis?
The full deep dive: dcf model, scenario analysis, competitive moat breakdown, and quarterly tracking — everything on this page, taken further.
see plans from $5/moThe deep dive