First Guaranty Bancshares, Inc. (FGBI)

First Guaranty Bancshares Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	190.38	167.14	126	103.35	90.81
Interest Income on Investments	31.32	15.87	10.57	8.56	9.88
Total Interest Income	221.71	183.01	136.58	111.92	100.68
Interest Paid on Deposits	119.67	87.76	33.02	20.33	23.27
Interest Paid on Borrowings	13.6	10.54	3.52	1.97	2.75
Total Interest Expense	133.27	98.3	36.53	22.3	26.02
Net Interest Income	88.44	84.71	100.04	89.62	74.67
Net Interest Income Growth (YoY)	4.41%	-15.33%	11.63%	20.02%	21.06%
Gain (Loss) on Sale of Assets	13.31	-	-	-	-
Gain (Loss) on Sale of Investments	-	-	-0.02	0.71	14.79
Other Non-Interest Income	9.95	10.57	9.25	9.1	7.94
Total Non-Interest Income	24.74	10.58	11.01	10.76	23.78
Non-Interest Income Growth (YoY)	133.89%	-3.92%	2.31%	-54.75%	186.54%
Revenues Before Loan Losses	113.18	95.28	111.05	100.38	98.45
Provision for Loan Losses	20.03	3.71	3.66	2.06	14.88
Revenue	93.14	91.57	107.4	98.32	83.57
Revenue Growth (YoY)	1.72%	-14.74%	9.23%	17.65%	28.34%
Salaries and Employee Benefits	38.3	40.42	36.7	32.18	29.6
Occupancy Expenses	10.19	9.03	8.93	8.68	7.71
Selling, General & Administrative	-	2.93	2.75	2.71	1.45
Other Non-Interest Expense	28.65	27.3	22.63	20.3	19.28
Total Non-Interest Expense	77.14	79.67	71.01	63.87	58.03
EBT Excluding Unusual Items	16.01	11.9	36.39	34.46	25.54
Pretax Income	16.01	11.9	36.39	34.46	25.54
Income Tax Expense	3.56	2.68	7.51	7.16	5.22
Net Income	12.45	9.22	28.88	27.3	20.32
Preferred Dividends & Other Adjustments	2.33	2.33	2.33	1.38	-
Net Income to Common	10.12	6.89	26.56	25.91	20.32
Net Income Growth	35.03%	-68.08%	5.81%	34.35%	42.67%
Basic Shares Outstanding	13	11	11	11	11
Diluted Shares Outstanding	13	11	11	11	11
Shares Change (YoY)	11.96%	4.19%	-	-	0.48%
EPS (Basic)	0.81	0.62	2.48	2.42	1.90
EPS (Diluted)	0.81	0.62	2.48	2.42	1.90
EPS Growth	31.17%	-75.10%	2.48%	27.54%	42.00%
Dividend Per Share	0.410	0.640	0.640	0.600	0.580
Dividend Growth	-35.94%	0%	6.67%	3.45%	7.41%
Effective Tax Rate	22.23%	22.50%	20.63%	20.77%	20.44%

Source: S&P Capital IQ. Banks template. Financial Sources.