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First Guaranty Bancshares ( (FGBI) ) has shared an announcement.
First Guaranty Bancshares, Inc. reported its financial performance for the fourth quarter of 2024, highlighting a year-over-year increase in total assets by 11.8% to $4.0 billion, despite a 2.0% decrease in total loans to $2.7 billion. The company achieved a net income of $1.0 million for the quarter and earnings per common share of $0.03, with a decrease in net interest margin by 19 basis points to 2.32%. Deposit growth was strong at 15.5% year-over-year, with new market entries, including the opening of a branch in Bridgeport, WV, contributing to this growth. However, the report indicated asset quality challenges, as non-performing assets rose to 3.03% of total assets.
More about First Guaranty Bancshares
YTD Price Performance: -8.14%
Average Trading Volume: 11,924
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $129.8M
For detailed information about FGBI stock, go to TipRanks’ Stock Analysis page.
