October 21, 2014 1:09 PM ET

Banks

Company Overview of First Guaranty Bancshares, Inc.

Company Overview

First Guaranty Bancshares, Inc. operates as the bank holding company for First Guaranty Bank that provides commercial banking services to businesses, professionals, and individuals in Louisiana. Its deposit products include personal and business checking and savings accounts, time deposits, money market accounts, and NOW accounts. The company also offers commercial loans, commercial real estate loans, real estate construction loans, residential mortgage loans, home equity lines of credit, agricultural loans, equipment loans, inventory financing, and student loans, as well as consumer loans for the purchase of automobiles, recreational vehicles or boats, investments, and other consumer needs....

400 East Thomas Street

Hammond, LA 70401

United States

Founded in 1934

278 Employees

Phone:

985-345-7685

Key Executives for First Guaranty Bancshares, Inc.

Vice Chairman
Age: 65
Chief Financial Officer
Age: 36
President of North Louisiana Area
Age: 74
Senior Vice President of First Guaranty Bank
Executive Vice President
Compensation as of Fiscal Year 2014.

First Guaranty Bancshares, Inc. Key Developments

First Guaranty Bancshares, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

First Guaranty Bancshares, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company’s total interest income was $13,309,000 compared to $12,476,000 a year ago. Net interest income was $10,983,000 compared to $9,623,000 a year ago. Income before income taxes was $4,010,000 compared to $3,274,000 a year ago. Income available to common shareholders was $2,571,000 or $0.41 per share compared to $1,929,000 or $0.31 per share a year ago. Return on average assets was 0.75% compared to 0.61% a year ago. Return on average common equity was 11.59% compared to 8.97% a year ago. For the six months, the company’s total interest income was $26,190,000 compared to $24,981,000 a year ago. Net interest income was $21,508,000 compared to $19,208,000 a year ago. Income before income taxes was $8,241,000 compared to $6,479,000 a year ago. Income available to common shareholders was $5,258,000 or $0.84 per share compared to $3,735,000 or $0.59 per share a year ago. Return on average assets was 0.77% compared to 0.61% a year ago. Return on average common equity was 12.17% compared to 8.94% a year ago. Book value per share as at June 30, 2014 was $15.23 compared to $13.45 a year ago.

First Guaranty Bancshares, Inc., Annual General Meeting, May 15, 2014

First Guaranty Bancshares, Inc., Annual General Meeting, May 15, 2014., at 14:00 Central Standard Time. Location: Auditorium, second floor. Agenda: To elect the board of directors to serve until the next annual stockholders meeting and until their successors are duly elected and qualified; to consider an advisory, non-binding vote to approve executive compensation as described in this proxy statement; and to transact such other business as may properly come before the meeting or any adjournment or postponement thereof.

First Guaranty Bancshares, Inc. Announces Financial Results for the Year Ended December 31, 2013

First Guaranty Bancshares, Inc. announced its financial results for the year ended December 31, 2013. Net income for the year ending December 31, 2013 totaled $9,146,000. Net income available to shareholders totaled $8,433,000 for 2013 compared to $10,087,000 for 2012. Retained earnings increased $4,407,000 to $47,478,000 as of December 31, 2013.

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