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1. Company Snapshot

1.a. Company Description

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.

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1.b. Last Insights on FGBI

Negative drivers behind First Guaranty Bancshares' recent performance include declining loan performance, high concentration in commercial real estate loans, and an inadequate allowance for credit losses, which may impact common shares. Additionally, interest rate volatility has affected the company's net interest margin, although it has stabilized at around 2.5%. Furthermore, AM Best has placed the credit ratings of First Guard Insurance Company, a subsidiary of Biglari Holdings Inc., under review with developing implications, which may have a ripple effect on First Guaranty Bancshares.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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First Guaranty Bancshares (FGBI) Reports Q3 Loss, Misses Revenue Estimates

Nov -17

Source: zacks.com

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Head to Head Contrast: Hancock Whitney (NASDAQ:HWC) and First Guaranty Bancshares (NASDAQ:FGBI)

Oct -31

Source: defenseworld.net

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First Guaranty Bancshares (FGBI) Reports Q2 Loss, Lags Revenue Estimates

Aug -18

Source: zacks.com

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First Guaranty (FGBI) Q2 Loss Jumps 194%

Aug -02

Source: fool.com

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First Guaranty Bancshares (FGBI) Reports Q1 Loss, Tops Revenue Estimates

May -13

Source: zacks.com

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First Guaranty: Declining Asset Quality Warrants Caution Despite Cheap Shares

May -07

Source: seekingalpha.com

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First Guaranty Bancshares (FGBI) Surges 6.7%: Is This an Indication of Further Gains?

Apr -15

Source: zacks.com

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First Guaranty Bancshares (FGBI) Q4 Earnings Surpass Estimates

Jan -31

Source: zacks.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (14.00%)

6. Segments

Banking and Related Activities

Expected Growth: 14.0%

First Guaranty Bancshares, Inc.'s 14.0% growth in Banking and Related Activities is driven by strategic expansion into new markets, increased lending activities, and improved operating efficiency. Additionally, the company's focus on digital transformation, enhanced customer experience, and effective risk management have contributed to its growth momentum.

7. Detailed Products

Commercial Loans

First Guaranty Bancshares, Inc. offers commercial loans to businesses of all sizes, providing financing for various business needs such as equipment purchases, real estate acquisitions, and working capital.

Mortgage Loans

The company offers a range of mortgage loan products, including conventional, FHA, VA, and USDA loans, to help individuals and families purchase or refinance their homes.

Consumer Loans

First Guaranty Bancshares, Inc. offers consumer loans for various personal needs, such as debt consolidation, home improvements, and unexpected expenses.

Deposit Accounts

The company offers a range of deposit accounts, including checking, savings, and certificates of deposit (CDs), to help individuals and businesses manage their finances.

Treasury Management Services

First Guaranty Bancshares, Inc. offers treasury management services, including cash management, wire transfers, and ACH services, to help businesses manage their cash flow.

Online Banking and Mobile Banking

The company offers online banking and mobile banking services, allowing customers to manage their accounts, transfer funds, and pay bills from anywhere.

8. First Guaranty Bancshares, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for First Guaranty Bancshares, Inc. is moderate due to the presence of alternative financial institutions and online banking services.

Bargaining Power Of Customers

The bargaining power of customers is low for First Guaranty Bancshares, Inc. as customers have limited negotiating power and the company has a strong brand presence.

Bargaining Power Of Suppliers

The bargaining power of suppliers is moderate for First Guaranty Bancshares, Inc. as the company relies on a few large suppliers for its operations.

Threat Of New Entrants

The threat of new entrants is high for First Guaranty Bancshares, Inc. due to the relatively low barriers to entry in the banking industry and the increasing trend of fintech startups.

Intensity Of Rivalry

The intensity of rivalry is high for First Guaranty Bancshares, Inc. due to the presence of several established players in the banking industry and the increasing competition for market share.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 52.45%
Debt Cost 4.94%
Equity Weight 47.55%
Equity Cost 5.89%
WACC 5.39%
Leverage 110.32%

11. Quality Control: First Guaranty Bancshares, Inc. passed 1 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
West Bank

A-Score: 6.5/10

Value: 6.8

Growth: 4.8

Quality: 6.8

Yield: 8.0

Momentum: 6.0

Volatility: 6.7

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Affinity Bancshares

A-Score: 6.2/10

Value: 6.3

Growth: 7.3

Quality: 5.4

Yield: 7.0

Momentum: 3.0

Volatility: 8.3

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Stock Yards Bancorp

A-Score: 5.9/10

Value: 4.4

Growth: 6.8

Quality: 6.5

Yield: 4.0

Momentum: 6.5

Volatility: 7.3

1-Year Total Return ->

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BCB Bancorp

A-Score: 5.3/10

Value: 5.4

Growth: 5.8

Quality: 2.8

Yield: 10.0

Momentum: 1.0

Volatility: 6.7

1-Year Total Return ->

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Union Bankshares

A-Score: 4.8/10

Value: 5.1

Growth: 4.8

Quality: 4.6

Yield: 5.0

Momentum: 3.5

Volatility: 6.0

1-Year Total Return ->

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Stock-Card
First Guaranty Bancshares

A-Score: 3.6/10

Value: 6.5

Growth: 4.8

Quality: 2.8

Yield: 3.0

Momentum: 1.0

Volatility: 3.7

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

4.54$

Current Price

4.54$

Potential

-0.00%

Expected Cash-Flows