First Guaranty Bancshares, Inc. (FGBI)

First Guaranty Bancshares Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	189.58	167.14	126	103.35	90.81	78.89
Interest Income on Investments	24.73	15.87	10.57	8.56	9.88	12.76
Total Interest Income	214.3	183.01	136.58	111.92	100.68	91.64
Interest Paid on Deposits	113.42	87.76	33.02	20.33	23.27	28.12
Interest Paid on Borrowings	13.97	10.54	3.52	1.97	2.75	1.85
Total Interest Expense	127.39	98.3	36.53	22.3	26.02	29.97
Net Interest Income	86.91	84.71	100.04	89.62	74.67	61.68
Net Interest Income Growth (YoY)	-0.06%	-15.33%	11.63%	20.02%	21.06%	8.16%
Gain (Loss) on Sale of Investments	-	-	-0.02	0.71	14.79	-0.16
Other Non-Interest Income	10.1	10.57	9.25	9.1	7.94	7.08
Total Non-Interest Income	24.81	10.58	11.01	10.76	23.78	8.3
Non-Interest Income Growth (YoY)	136.14%	-3.92%	2.31%	-54.75%	186.54%	57.18%
Revenues Before Loan Losses	111.72	95.28	111.05	100.38	98.45	69.98
Provision for Loan Losses	16.24	3.71	3.66	2.06	14.88	4.86
Revenue	95.48	91.57	107.4	98.32	83.57	65.12
Revenue Growth (YoY)	0.27%	-14.74%	9.23%	17.65%	28.34%	6.84%
Salaries and Employee Benefits	40.5	40.42	36.7	32.18	29.6	25.02
Occupancy Expenses	9.84	9.03	8.93	8.68	7.71	6.1
Selling, General & Administrative	2.45	2.93	2.75	2.71	1.45	2.26
Other Non-Interest Expense	26.23	27.3	22.63	20.3	19.28	13.85
Total Non-Interest Expense	79.02	79.67	71.01	63.87	58.03	47.22
EBT Excluding Unusual Items	16.46	11.9	36.39	34.46	25.54	17.9
Pretax Income	16.46	11.9	36.39	34.46	25.54	17.9
Income Tax Expense	3.72	2.68	7.51	7.16	5.22	3.66
Net Income	12.74	9.22	28.88	27.3	20.32	14.24
Preferred Dividends & Other Adjustments	2.33	2.33	2.33	1.38	-	-
Net Income to Common	10.41	6.89	26.56	25.91	20.32	14.24
Net Income Growth	-2.27%	-68.08%	5.81%	34.35%	42.67%	0.20%
Basic Shares Outstanding	12	11	11	11	11	11
Diluted Shares Outstanding	12	11	11	11	11	11
Shares Change (YoY)	12.12%	4.19%	-	-	0.48%	0.10%
EPS (Basic)	0.85	0.62	2.48	2.42	1.90	1.34
EPS (Diluted)	0.85	0.62	2.48	2.42	1.90	1.34
EPS Growth	-13.28%	-75.10%	2.48%	27.54%	42.00%	0.10%
Dividend Per Share	0.560	0.640	0.640	0.600	0.580	0.540
Dividend Growth	-12.50%	0%	6.67%	3.45%	7.41%	2.41%
Effective Tax Rate	22.58%	22.50%	20.63%	20.77%	20.44%	20.43%

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