FGBI

MKT CAP:$145M

First Guaranty Bancshares, Inc.

Market Cap

$145M

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$9.68+$4.30 (+79.93%)

Apr 21, 2026

Company Details

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,...

CEO

Michael Ray Mineer

IPO Date

Aug 13, 2012

Website

www.fgb.net

Key Metrics TTM

Revenue

$221M

-9.9% YoY

Net Income

-$56M

EPS (Diluted)

-$4.04

Free Cash Flow

-$10M

Revenue / Share

$14.36

Gross Margin

5.6%

Operating Margin

-31.1%

Net Margin

-25.4%

FCF Margin

-4.6%

P/S

0.7x

P/E

—

Earnings Reports

Q1 2026

Apr 27, 2026

PENDING

FY 2025

Mar 31, 2026

$196M-19.9%EPS -$4.17

Q4 2025

Mar 31, 2026

$53M-11.2%EPS $0.12

Q3 2025

Nov 17, 2025

$55M-10.5%EPS -$3.01

Q2 2025

Aug 18, 2025

$56M-18.6%EPS -$0.61

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$32M	$26M	$10M
Q2 22	$35M	$28M	$10M
Q3 22	$39M	$28M	$10M
Q4 22	$40M	$25M	$6M
Q1 23	$44M	$24M	$5M
Q2 23	$46M	$23M	$3M
Q3 23	$50M	$22M	$2M
Q4 23	$52M	$21M	$2M
Q1 24	$55M	$22M	$3M
Q2 24	$69M	$30M	$9M
Q3 24	$61M	$22M	$2M
Q4 24	$60M	$19M	$1M
Q1 25	$56M	$10M	-$8M
Q2 25	$56M	$7M	-$9M
Q3 25	$55M	-$24M	-$54M
Q4 25	$53M	$20M	$3M

Valuation

Quarter	P/S	P/E
Q1 22	2.1x	8.7x
Q2 22	2.0x	8.4x
Q3 22	1.7x	7.5x
Q4 22	1.7x	8.8x
Q1 23	1.0x	6.3x
Q2 23	0.8x	6.9x
Q3 23	0.7x	9.8x
Q4 23	0.8x	16.6x
Q1 24	0.6x	15.9x
Q2 24	0.5x	9.1x
Q3 24	0.6x	10.5x
Q4 24	0.6x	11.5x
Q1 25	0.4x	24.2x
Q2 25	0.4x	—
Q3 25	0.5x	—
Q4 25	0.3x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$8M	$8M
Q2 22	$12M	$11M
Q3 22	$13M	$13M
Q4 22	$3M	$3M
Q1 23	$4M	$3M
Q2 23	$8M	$4M
Q3 23	-$3M	-$7M
Q4 23	$13M	$6M
Q1 24	$2M	$396.0K
Q2 24	$8M	$7M
Q3 24	$5M	$5M
Q4 24	$19M	$19M
Q1 25	$5M	$5M
Q2 25	-$18M	-$19M
Q3 25	$29M	$29M
Q4 25	-$25M	-$25M

Capital Expenditures

Quarter	CapEx
Q1 22	$533.0K
Q2 22	$795.0K
Q3 22	$575.0K
Q4 22	$740.0K
Q1 23	$1M
Q2 23	$3M
Q3 23	$4M
Q4 23	$7M
Q1 24	$2M
Q2 24	$1M
Q3 24	$138.0K
Q4 24	$290.0K
Q1 25	$208.0K
Q2 25	$273.0K
Q3 25	$688.0K
Q4 25	$689.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+17.6%	+7.4%
Q2 22	+15.1%	+11.0%
Q3 22	+25.1%	+35.2%
Q4 22	+23.9%	+51.6%
Q1 23	+36.1%	+73.9%
Q2 23	+33.3%	+75.3%
Q3 23	+27.7%	+64.9%
Q4 23	+29.9%	+49.7%
Q1 24	+25.7%	+32.6%
Q2 24	+49.0%	+39.1%
Q3 24	+23.6%	+24.4%
Q4 24	+14.2%	+15.5%
Q1 25	+3.0%	+24.4%
Q2 25	-18.6%	+10.1%
Q3 25	-10.5%	+85.0%
Q4 25	-11.2%	-14.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q1 22	$9M	$377.0K
Q2 22	$9M	$342.0K
Q3 22	$10M	$448.0K
Q4 22	$2M	$580.0K
Q1 23	$10M	$528.0K
Q2 23	$10M	$481.0K
Q3 23	$11M	$463.0K
Q4 23	$8M	$455.0K
Q1 24	$10M	$332.0K
Q2 24	$10M	$370.0K
Q3 24	$11M	$296.0K
Q4 24	$5M	$241.0K
Q1 25	$8M	$241.0K
Q2 25	$8M	$163.0K
Q3 25	$9M	$151.0K
Q4 25	$9M	$174.0K

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$132M	$133M	$265M
Q2 22	$120M	$131M	$251M
Q3 22	$109M	$131M	$240M
Q4 22	$83M	$131M	$214M
Q1 23	$168M	$81M	$250M
Q2 23	$146M	$80M	$226M
Q3 23	$201M	$80M	$281M
Q4 23	$286M	$83M	$370M
Q1 24	$332M	$38M	$369M
Q2 24	$299M	$37M	$336M
Q3 24	$363M	$343M	$706M
Q4 24	$564M	$281M	$845M
Q1 25	$618M	$246M	$864M
Q2 25	$715M	$372M	$1.1B
Q3 25	$754M	$352M	$1.1B
Q4 25	$846M	$551.0K	$846M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	11M	0.0%	+0.0%
Q2 22	11M	0.0%	+0.0%
Q3 22	11M	0.0%	0.0%
Q4 22	11M	0.0%	0.0%
Q1 23	11M	0.0%	0.0%
Q2 23	11M	+1.8%	+1.8%
Q3 23	11M	+4.7%	+6.7%
Q4 23	12M	+1.4%	+8.1%
Q1 24	12M	+7.8%	+16.5%
Q2 24	13M	+0.1%	+14.6%
Q3 24	13M	0.0%	+9.4%
Q4 24	13M	-0.0%	+7.9%
Q1 25	13M	+0.0%	+0.1%
Q2 25	13M	+3.2%	+3.2%
Q3 25	14M	+4.7%	+8.1%
Q4 25	15M	+13.6%	+22.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$2.1K	15K
Q2 22	$2.3K	15K
Q3 22	$2.6K	15K
Q4 22	$2.7K	15K
Q1 23	$2.9K	15K
Q2 23	$3.1K	15K
Q3 23	$3.3K	15K
Q4 23	$3.5K	15K
Q1 24	$3.7K	15K
Q2 24	$4.6K	15K
Q3 24	$4.1K	15K
Q4 24	$4.0K	15K
Q1 25	$3.8K	15K
Q2 25	$3.7K	15K
Q3 25	$3.7K	15K
Q4 25	$3.5K	15K

Revenue / Employee