First Guaranty Bancshares (FGBI) Financial Statements & Analysis

First Guaranty Bancshares (FGBI) Income Statement

First Guaranty Bancshares reported revenue of $13.69M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 94.4% from $244.78M a year earlier. First Guaranty Bancshares posted a net loss of $58.35M, compared with net income of $12.45M a year earlier. Gross margin was -88.5% and operating margin -500.8%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $23.83M, up 206.1% from the same quarter a year earlier.

First Guaranty Bancshares Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

First Guaranty Bancshares, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	13.69	244.78	93.48	109.30	98.32	123.13	98.73	82.46	74.73
Cost of Revenue	208.07	153.30	102.02	40.19	24.35	40.89	34.83	22.72	18.22
Gross Profit	-12.11	91.48	89.76	105.65	96.56	82.24	63.90	59.74	56.51
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	10.28	39.54	42.35	38.45	8.68	39.08	32.21	29.72	26.15
Operating Expenses	56.45	75.47	77.87	69.26	62.11	56.70	46.00	42.06	37.36
Operating Income	-68.56	16.01	11.90	36.39	34.46	25.54	17.90	17.68	19.15
Other Income/Expense
Interest Income	213.28	221.71	183.01	136.58	111.92	100.68	91.64	78.39	67.55
Interest Expense	126.34	133.27	98.30	36.53	22.30	26.02	29.97	21.37	14.39
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	-68.56	16.01	11.90	36.39	34.46	25.54	17.90	17.68	19.15
Income Tax Expense	-12.54	3.56	2.68	7.51	7.16	5.22	3.66	3.46	7.40
Net Income	-58.35	12.45	9.22	28.88	25.91	20.32	14.24	14.21	11.75
Net Income - Continuous Operations	-56.02	12.45	9.22	28.88	27.30	20.32	14.24	14.21	11.75
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	4.29	20.44	4.03	40.50	4.78	29.32	20.95	20.96	21.59
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	5.60	4.43	5.98	4.89	3.84	3.78	3.06	3.29	2.44
Earnings Per Share
Basic EPS	-4.00	1.00	1.00	2.00	2.00	2.00	1.00	1.00	1.00
Diluted EPS	-4.00	1.00	1.00	2.00	2.00	2.00	1.00	1.00	1.00
Basic Shares Outstanding	13.99	12.50	11.17	10.72	10.72	10.72	10.67	10.66	10.42
Diluted Shares Outstanding	13.99	12.50	11.17	10.72	10.72	10.72	10.67	10.66	10.42

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About First Guaranty Bancshares Financial Statements

What was First Guaranty Bancshares's revenue in fiscal 2025?

First Guaranty Bancshares reported revenue of $13.69M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 94.4% from $244.78M a year earlier.

Is First Guaranty Bancshares profitable?

No. First Guaranty Bancshares reported a net loss of $58.35M in fiscal 2025. In fiscal 2024 it earned $12.45M.

What is First Guaranty Bancshares's operating margin?

First Guaranty Bancshares's operating income was −$68.56M on revenue of $13.69M in fiscal 2025, an operating margin of -500.8%, compared with 6.5% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition