First Guaranty Bancshares (NASDAQ: FGBI) is a Louisiana-based community bank holding company that operates through its subsidiary bank to gather deposits and originate commercial and consumer loans. Revenue comes primarily from net interest income, the spread between interest earned on loans and securities and interest paid on deposits and borrowings. Net interest income totaled $86.9 million in FY2025 versus noninterest income of $8.5 million for the same period, making fee income a minor contributor. Total assets stood at $4.1 billion at December 31, 2025, supported by $3.6 billion in deposits, of which $0.9 billion were public funds deposits from local government entities. The loan portfolio was $2.1 billion net of unearned income at December 31, 2025, with a loan-to-deposit ratio of 57.0%. The bank posted a net loss of $56.0 million in FY2025, driven by a $81.7 million provision for credit losses, and recorded a return on average assets of negative 1.43%. It competes against other community banks, regional banks, national banks, credit unions, savings associations, and fintech lenders in its primary market areas.

Revenue model

Net interest income is the primary revenue source, totaling $86.9 million in FY2025 from interest earned on loans (average balance $2.4 billion, yield 6.59%), investment securities ($716 million average, yield 3.49%), and interest-earning deposits with banks ($693 million average, yield 4.28%), offset by interest paid on deposits and borrowings. Noninterest income was $8.5 million in FY2025. The bank does not generate fee income from insurance, securities sales, or investment advisory services.

Products and services

Deposit products include noninterest-bearing demand accounts, interest-bearing demand accounts, savings accounts, and time accounts. The bank actively pursues public funds deposits from local government entities. Lending products include commercial loans and consumer loans. The investment securities portfolio had a carrying value of $999.3 million at December 31, 2025, representing 24.5% of total assets.

Customers and end markets

Customers include retail consumers, commercial borrowers, and local government entities (public funds depositors totaling $0.9 billion at December 31, 2025). Primary market areas are described in the filing as geographically concentrated in Louisiana.

Value-chain role

Deposit-funded balance sheet lender. The bank gathers retail and commercial deposits, including public funds, and deploys them into loans and investment securities. Shareholders' equity was $226.2 million at December 31, 2025, down from $255.0 million at December 31, 2024, primarily due to the $56.0 million net loss in FY2025.

Geographic exposure

Operations are concentrated in Louisiana, subject to Louisiana state banking statutes. The filing describes primary market areas as generally considered attractive from an economic and demographic standpoint, without specifying branch counts or additional states.

Competitors

Other community banks, Regional banks, National banks, Credit unions, Savings associations, Mortgage brokers, Private lenders, Fintech companies, Securities firms, Insurance companies

Source: SEC 10-K, filed 2026-03-31

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