First Guaranty Bancshares, Inc. (FGBI) Balance Sheet
FGBI balance sheet, 2025
December 31, 2025 · U.S. dollars$4.08B assets = $3.85B liabilities + $226.2M equity
Both columns are drawn to the same scale: what FGBI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
FGBI financial health
Descriptive bands, not a rating. Fiscal 2025.
FGBI balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.50B2016 | $4.08B2025 | +11.7%/yr | |
| Total liabilities | $1.38B2016 | $3.85B2025 | +12.1%/yr | |
| Shareholders’ equity | $124.3M2016 | $226.2M2025 | +6.9%/yr | |
| Cash & short-term investments | $415.3M2016 | $845.7M2025 | +8.2%/yr | |
| Total debt | $43.2M2016 | $186.1M2025 | +17.6%/yr | |
| Net cash (debt) | $372.1M2016 | $659.6M2025 | +$287.5M | |
| Working capital | −$912.3M2016 | $850.5M2025 | +$1.8B | |
| Book value per share | $12.282016 | $16.182025 | +3.1%/yr | |
| Debt / equity | 0.352016 | 0.822025 | +0.48 | |
| Shares outstanding | 10.1M2016 | 14.0M2025 | +3.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
FGBI assets
FGBI liabilities and equity
FGBI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
FGBI balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $845.7M | $845.1M | $369.6M | $214.3M | $472.4M | $537.5M | $406.9M | $424.4M | $418.7M | $415.3M |
| Cash & equivalents | $845.7M | $564.0M | $286.1M | $82.8M | $261.7M | $298.9M | $66.5M | $127.4M | $37.2M | $17.8M |
| Short-term investments | $551,000 | $281.1M | $83.5M | $131.5M | $210.6M | $238.5M | $340.4M | $297.0M | $381.5M | $397.5M |
| Receivables | $12.5M | $233.3M | $299.2M | $328.1M | $255.6M | $115.5M | $8.4M | $6.7M | $8.0M | $7.0M |
| Inventory | $0 | $0 | $270.4M | −$98.8M | −$276.1M | −$313.8M | −$80.7M | $1.1M | $1.3M | $359,000 |
| Other current assets | $0 | $0 | $0 | $98.8M | $276.1M | $313.8M | $80.7M | $0 | $0 | $0 |
| Total current assets | $857.6M | $1.08B | $668.8M | $542.3M | $728.0M | $652.9M | $415.4M | $431.1M | $426.7M | $422.4M |
| Property, plant & equipment (net) | $59.6M | $67.8M | $69.8M | $58.2M | $58.6M | $59.9M | $56.5M | $39.7M | $38.0M | $23.5M |
| Goodwill & intangible assets | $2.6M | $16.4M | $17.2M | $17.9M | $18.8M | $19.5M | $20.1M | $7.0M | $7.9M | $3.1M |
| Long-term investments | $999.3M | $602.7M | $404.1M | $451.5M | $364.2M | $238.5M | $427.0M | $405.3M | $501.7M | $499.3M |
| Other non-current assets | $2.16B | $2.21B | $2.39B | $2.08B | $1.71B | $1.50B | $1.20B | $934.1M | $776.1M | $552.7M |
| Total assets | $4.08B | $3.97B | $3.55B | $3.15B | $2.88B | $2.47B | $2.12B | $1.82B | $1.75B | $1.50B |
| Liabilities | ||||||||||
| Accounts payable | $17.6M | $20.4M | $11.8M | $4.3M | $4.5M | $5.3M | $6.0M | $4.0M | $2.5M | $1.9M |
| Short-term debt | $7.1M | $7.0M | $66.3M | $146.4M | $6.4M | $56.1M | $19.9M | $0 | $15.5M | $6.5M |
| Deferred revenue | — | — | −$11.8M | — | — | — | — | $1.0M | −$865.8M | −$712.8M |
| Total current liabilities | $7.1M | $3.50B | $3.09B | $2.87B | $2.61B | $2.23B | $1.88B | $1.63B | $1.57B | $1.33B |
| Long-term debt | $179.0M | $194.9M | $209.1M | $36.9M | $40.0M | $57.1M | $63.3M | $34.5M | $37.4M | $36.7M |
| Other long-term liabilities | $3.67B | $19.1M | $6.8M | $4.9M | $6.8M | $9.6M | $8.9M | $1.8M | $1.7M | $5.3M |
| Total liabilities | $3.85B | $3.72B | $3.30B | $2.92B | $2.65B | $2.29B | $1.95B | $1.67B | $1.61B | $1.38B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $15.8M | $12.5M | $12.5M | $10.7M | $10.7M | $10.7M | $9.7M | $9.7M | $8.8M | $8.4M |
| Retained earnings (deficit) | $14.1M | $73.0M | $68.0M | $76.4M | $56.7M | $37.1M | $43.3M | $34.9M | $44.5M | $39.0M |
| Accumulated other comprehensive income | −$7.3M | −$12.9M | −$13.0M | −$15.2M | −$6.6M | $647,000 | $2.2M | −$7.1M | −$1.6M | −$4.0M |
| Total shareholders' equity | $226.2M | $255.0M | $249.6M | $235.0M | $223.9M | $178.6M | $166.0M | $147.3M | $144.0M | $124.3M |
| Key figures | ||||||||||
| Total debt | $186.1M | $201.9M | $275.4M | $183.4M | $49.6M | $116.6M | $86.7M | $34.5M | $52.9M | $43.2M |
| Net cash (debt) | $659.6M | $643.2M | $94.2M | $30.9M | $422.7M | $420.8M | $320.2M | $389.9M | $365.8M | $372.1M |
| Working capital | $850.5M | −$2.43B | −$2.42B | −$2.33B | −$1.88B | −$1.57B | −$1.46B | −$1.20B | −$1.14B | −$912.3M |
| Tangible book value | $223.6M | $238.7M | $232.4M | $217.1M | $205.1M | $159.1M | $145.9M | $140.3M | $136.1M | $121.3M |
| Book value per share | $16.18 | $20.40 | $22.36 | $21.93 | $20.89 | $16.67 | $15.57 | $13.82 | $13.82 | $12.28 |
| Shares outstanding | 14.0M | 12.5M | 11.2M | 10.7M | 10.7M | 10.7M | 10.7M | 10.7M | 10.4M | 10.1M |
| Current ratio | 120.47 | 0.31 | 0.22 | 0.19 | 0.28 | 0.29 | 0.22 | 0.26 | 0.27 | 0.32 |
| Quick ratio | 120.54 | 0.31 | 0.22 | 0.19 | 0.28 | 0.29 | 0.22 | 0.26 | 0.27 | 0.32 |
| Debt / equity | 0.82 | 0.79 | 1.10 | 0.78 | 0.22 | 0.65 | 0.52 | 0.23 | 0.37 | 0.35 |
| Equity / assets | 5.5% | 6.4% | 7.0% | 7.5% | 7.8% | 7.2% | 7.8% | 8.1% | 8.2% | 8.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $1.99B | $733.2M | $845.7M | $1.11B | $1.09B | $864.5M | $845.1M | $705.7M | $336.0M | $369.3M | $369.6M | $280.7M |
| Cash & equivalents | $781.0M | $733.2M | $845.7M | $753.9M | $714.6M | $618.1M | $564.0M | $363.1M | $298.6M | $331.6M | $286.1M | $200.8M |
| Short-term investments | $1.21B | $1.18B | $551,000 | $352.4M | $372.0M | $246.3M | $281.1M | $342.6M | $37.4M | $37.8M | $83.5M | $79.9M |
| Receivables | $11.9M | $13.9M | $12.5M | $108.9M | $170.4M | $196.7M | $233.3M | $264.1M | $285.7M | $268.9M | $299.2M | $306.9M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$317.1M | −$349.4M | −$13.6M | −$219.1M |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $317.1M | $349.4M | $13.6M | $221.2M |
| Total current assets | $2.01B | $747.1M | $857.6M | $1.22B | $1.26B | $1.06B | $1.08B | $969.8M | $621.6M | $638.2M | $668.8M | $589.6M |
| Property, plant & equipment (net) | $72.7M | $69.7M | $64.4M | $60.0M | $66.0M | $66.6M | $67.8M | $68.5M | $69.4M | $70.6M | $69.8M | $64.0M |
| Goodwill & intangible assets | $2.2M | $2.4M | $2.6M | $2.8M | $16.0M | $16.2M | $16.4M | $16.6M | $16.8M | $17.0M | $17.2M | $17.3M |
| Long-term investments | $1.21B | $1.18B | $999.3M | $696.7M | $719.7M | $594.9M | $602.7M | $664.0M | $358.6M | $358.7M | $404.1M | $400.5M |
| Other non-current assets | $599.3M | $1.96B | $2.15B | $1.82B | $1.91B | $2.09B | $2.21B | $2.21B | $2.55B | $2.47B | $2.39B | $2.35B |
| Total assets | $3.90B | $3.96B | $4.08B | $3.80B | $3.97B | $3.83B | $3.97B | $3.92B | $3.62B | $3.56B | $3.55B | $3.42B |
| Liabilities | ||||||||||||
| Accounts payable | $17.5M | $22.6M | $17.6M | $16.3M | $19.5M | $19.5M | $20.4M | $17.8M | $13.0M | $10.2M | $11.8M | $10.8M |
| Short-term debt | $7.2M | $8.2M | $7.1M | $7.1M | $7.1M | $7.1M | $7.0M | $7.0M | $67.0M | $6.8M | $66.3M | $152.7M |
| Deferred revenue | — | — | — | — | — | — | — | — | −$13.0M | −$10.2M | −$11.8M | — |
| Total current liabilities | $7.2M | $8.2M | $7.1M | $3.38B | $3.51B | $3.37B | $3.50B | $3.45B | $3.12B | $3.08B | $3.09B | $2.98B |
| Long-term debt | $179.0M | $179.0M | $179.0M | $179.0M | $179.0M | $193.9M | $194.9M | $195.9M | $216.9M | $217.8M | $209.1M | $190.3M |
| Other long-term liabilities | $3.48B | $3.55B | $3.67B | $18.9M | $19.6M | $17.8M | $19.1M | $17.1M | $20.1M | $6.8M | $6.8M | $10.7M |
| Total liabilities | $3.67B | $3.73B | $3.85B | $3.58B | $3.71B | $3.58B | $3.72B | $3.67B | $3.36B | $3.31B | $3.30B | $3.18B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $16.5M | $16.0M | $15.8M | $15.4M | $15.1M | $12.7M | $12.5M | $12.5M | $12.5M | $12.5M | $12.5M | $11.4M |
| Retained earnings (deficit) | $18.7M | $16.1M | $14.1M | $12.3M | $58.1M | $66.1M | $73.0M | $72.7M | $72.3M | $67.7M | $68.0M | $69.2M |
| Accumulated other comprehensive income | −$17.5M | −$13.4M | −$7.3M | −$8.4M | −$10.2M | −$11.2M | −$12.9M | −$11.2M | −$12.1M | −$12.3M | −$13.0M | −$14.3M |
| Total shareholders' equity | $227.3M | $224.0M | $226.2M | $221.1M | $263.1M | $251.4M | $255.0M | $256.4M | $255.1M | $250.3M | $249.6M | $238.8M |
| Key figures | ||||||||||||
| Total debt | $186.3M | $197.1M | $186.1M | $186.1M | $186.1M | $201.0M | $201.9M | $202.9M | $283.8M | $224.6M | $275.4M | $343.0M |
| Net cash (debt) | $1.81B | $536.1M | $659.6M | $920.2M | $900.5M | $663.4M | $643.2M | $502.8M | $52.1M | $144.7M | $94.2M | −$62.3M |
| Working capital | $2.00B | $739.0M | $850.5M | −$2.16B | −$2.25B | −$2.30B | −$2.43B | −$2.48B | −$2.50B | −$2.44B | −$2.42B | −$2.39B |
| Tangible book value | $225.1M | $221.6M | $223.6M | $218.2M | $247.1M | $235.3M | $238.7M | $239.8M | $238.4M | $233.3M | $232.4M | $221.6M |
| Book value per share | $13.93 | $14.18 | $14.73 | $16.35 | $20.38 | $20.10 | $20.40 | $20.50 | $20.40 | $20.04 | $21.54 | $20.89 |
| Shares outstanding | 16.3M | 15.8M | 15.4M | 13.5M | 12.9M | 12.5M | 12.5M | 12.5M | 12.5M | 12.5M | 11.6M | 11.4M |
| Current ratio | 277.69 | 91.40 | 120.47 | 0.36 | 0.36 | 0.32 | 0.31 | 0.28 | 0.20 | 0.21 | 0.22 | 0.20 |
| Quick ratio | 277.69 | 91.40 | 120.54 | 0.36 | 0.36 | 0.32 | 0.31 | 0.28 | 0.20 | 0.21 | 0.22 | 0.20 |
| Debt / equity | 0.82 | 0.88 | 0.82 | 0.84 | 0.71 | 0.80 | 0.79 | 0.79 | 1.11 | 0.90 | 1.10 | 1.44 |
| Equity / assets | 5.8% | 5.7% | 5.5% | 5.8% | 6.6% | 6.6% | 6.4% | 6.5% | 7.1% | 7.0% | 7.0% | 7.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 31, 2026); data from EODHD.
FGBI financial position
At the end of fiscal 2025 (December 31, 2025), First Guaranty Bancshares had total assets of $4.1 billion (up 2.7% from a year earlier), total liabilities of $3.9 billion and shareholders' equity of $226.2 million. It held $845.7 million in cash and short-term investments against $186.1 million of debt, a net cash position of $659.6 million. Its current ratio was 120.47. In the latest quarter (ended June 30, 2026) total assets were $3.9 billion and equity $227.3 million.
Related: FGBI income statement, FGBI cash flow statement, FGBI key metrics. See the FGBI stock overview for the latest quote and news.
FGBI balance sheet FAQ
What are First Guaranty Bancshares's total assets?
First Guaranty Bancshares reported total assets of $4.1 billion at the end of fiscal 2025 (December 31, 2025), compared with $4.0 billion a year earlier.
How much debt does First Guaranty Bancshares have?
First Guaranty Bancshares had $186.1 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.82.
How much cash does First Guaranty Bancshares have?
First Guaranty Bancshares held $845.7 million in cash and short-term investments at the end of fiscal 2025; with $186.1 million of debt that is net cash of $659.6 million.
What is First Guaranty Bancshares's book value?
First Guaranty Bancshares's shareholders' equity (book value) was $226.2 million at the end of fiscal 2025, or $16.18 per share.
What is First Guaranty Bancshares's current ratio?
First Guaranty Bancshares had current assets of $857.6 million and current liabilities of $7.1 million, a current ratio of 120.47 (it can cover its short-term obligations).
How much goodwill does First Guaranty Bancshares have?
First Guaranty Bancshares carried $2.6 million of goodwill and intangible assets, 0.1% of total assets, at the end of fiscal 2025.