First Guaranty Bancshares, Inc. (FGBI) Income Statement
FGBI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsFGBI revenue and net income
Where FGBI's revenue goes
2025Each bar shows an amount and its share of revenue. FGBI kept −28.6% of revenue as net income.
FGBI profit margins
FGBI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −19.9% | +10.3% | +9.7% | +11.8% |
| Gross profit | −113.2% | — | — | — |
| Operating income | −528.3% | — | — | — |
| Net income | −550.0% | — | — | — |
| EPS (diluted) | −509.9% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
FGBI quarterly EPS vs estimates
First Guaranty Bancshares beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 16, 2026 (estimate $0.12).
FGBI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $196.0M | $244.8M | $191.8M | $145.8M | $120.9M | $123.1M | $98.7M | $82.5M | $74.7M | $66.9M |
| Cost of revenue | $208.1M | $153.3M | $102.0M | $40.2M | $24.4M | $40.9M | $34.8M | $22.7M | $18.2M | $13.8M |
| Gross profit | −$12.1M | $91.5M | $89.8M | $105.6M | $96.6M | $82.2M | $63.9M | $59.7M | $56.5M | $53.1M |
| Sales, general & admin | $40.8M | $39.5M | $42.3M | $38.4M | $33.9M | $39.1M | $32.2M | $29.8M | $26.1M | $21.9M |
| Total operating expenses | $56.4M | $75.5M | $77.9M | $69.3M | $62.1M | $56.7M | $46.0M | $42.1M | $37.4M | $31.8M |
| Operating income | −$68.6M | $16.0M | $11.9M | $36.4M | $34.5M | $25.5M | $17.9M | $17.7M | $19.1M | $21.3M |
| Interest income | $213.3M | $221.7M | $171.0M | $136.6M | $111.9M | $100.7M | $91.6M | $78.4M | $67.5M | $58.5M |
| Interest expense | $126.3M | $133.3M | $98.3M | $36.5M | $22.3M | $26.0M | $30.0M | $21.4M | $14.4M | $10.1M |
| Income before taxes | −$68.6M | $16.0M | $11.9M | $36.4M | $34.5M | $25.5M | $17.9M | $17.7M | $19.1M | $21.3M |
| Income taxes | −$12.5M | $3.6M | $2.7M | $7.5M | $7.2M | $5.2M | $3.7M | $3.5M | $7.4M | $7.2M |
| Net income | −$56.0M | $12.4M | $9.2M | $28.9M | $27.3M | $20.3M | $14.2M | $14.2M | $11.8M | $14.1M |
| EBITDA | −$64.3M | $20.4M | $15.9M | $40.5M | $39.2M | $29.3M | $21.0M | $21.0M | $21.6M | $23.4M |
| EPS (diluted) | −$3.32 | $0.81 | $0.62 | $2.47 | $2.34 | $0.82 | $1.38 | $1.48 | $0.47 | $0.13 |
| Gross margin | −6.2% | 37.4% | 46.8% | 72.4% | 79.9% | 66.8% | 64.7% | 72.4% | 75.6% | 79.3% |
| Operating margin | −35.0% | 6.5% | 6.2% | 25.0% | 28.5% | 20.7% | 18.1% | 21.4% | 25.6% | 31.8% |
| Net margin | −28.6% | 5.1% | 4.8% | 19.8% | 22.6% | 16.5% | 14.4% | 17.2% | 15.7% | 21.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $28.6M | $52.3M | $53.1M | $55.0M | $56.0M | $56.5M | $59.8M | $61.4M | $68.8M | $54.8M | $52.4M | $49.7M |
| Cost of revenue | $7.0M | $31.6M | $33.4M | $79.2M | $48.7M | $46.8M | $41.2M | $39.6M | $39.2M | $33.3M | $31.5M | $27.8M |
| Gross profit | $21.6M | $20.7M | $19.7M | −$24.2M | $7.3M | $9.7M | $18.6M | $21.8M | $29.6M | $21.5M | $20.9M | $21.9M |
| Sales, general & admin | $9.4M | $16.6M | $9.3M | $9.4M | $8.0M | $8.7M | $5.0M | $11.6M | $10.8M | $10.2M | $8.4M | $11.6M |
| Total operating expenses | $17.2M | $19.4M | $16.8M | $29.8M | $16.8M | $17.7M | $17.5M | $19.3M | $20.2M | $18.5M | $19.2M | $19.5M |
| Operating income | $4.3M | $1.3M | $2.9M | −$54.0M | −$9.5M | −$8.0M | $1.2M | $2.5M | $9.4M | $3.0M | $1.6M | $2.3M |
| Interest income | $51.3M | $52.3M | $51.0M | $53.5M | $54.3M | $54.5M | $57.7M | $57.4M | $53.7M | $52.9M | $50.3M | $47.6M |
| Interest expense | $29.0M | $31.6M | $30.8M | $31.3M | $32.1M | $32.2M | $35.1M | $34.7M | $32.4M | $31.0M | $29.3M | $27.2M |
| Income before taxes | $4.3M | $3.5M | $2.9M | −$54.0M | −$9.5M | −$8.0M | $1.2M | $2.5M | $9.4M | $3.0M | $1.6M | $2.3M |
| Income taxes | $913,000 | $800,000 | $469,000 | −$9.0M | −$2.2M | −$1.8M | $158,000 | $566,000 | $2.2M | $681,000 | $315,000 | $539,000 |
| Net income | $3.4M | $2.7M | $2.5M | −$45.0M | −$7.3M | −$6.2M | $1.0M | $1.9M | $7.2M | $2.3M | $1.3M | $1.8M |
| EBITDA | $4.3M | $2.3M | $4.0M | −$52.9M | −$8.5M | −$6.8M | $2.4M | $3.5M | $10.5M | $4.0M | $2.6M | $3.3M |
| EPS (diluted) | $0.17 | $0.13 | $0.13 | −$2.30 | −$0.61 | −$0.54 | $0.03 | $0.11 | $0.53 | $0.14 | $0.06 | $0.10 |
| Gross margin | 75.4% | 39.6% | 37.1% | −44.1% | 13.0% | 17.1% | 31.2% | 35.5% | 43.0% | 39.2% | 39.8% | 44.0% |
| Operating margin | 15.2% | 2.6% | 5.5% | −98.3% | −16.9% | −14.1% | 2.0% | 4.1% | 13.6% | 5.5% | 3.1% | 4.7% |
| Net margin | 12.0% | 5.2% | 4.6% | −81.9% | −13.0% | −10.9% | 1.7% | 3.1% | 10.5% | 4.2% | 2.5% | 3.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in FGBI's financial statements (latest annual report filed March 31, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
FGBI financial results
In fiscal year 2025 (ended December 31, 2025), First Guaranty Bancshares reported revenue of $196.0 million, down 19.9% from the year before. It had a net loss of $56.0 million, a net profit margin of −28.6%. Diluted earnings per share came to −$3.32. Over five years revenue grew at an average rate of 9.7% a year.
See the FGBI stock overview for the latest quote and news, or the FGBI chart for price history and technical indicators.
FGBI income statement FAQ
What is First Guaranty Bancshares's annual revenue?
First Guaranty Bancshares reported total revenue of $196.0 million for fiscal year 2025, which ended on December 31, 2025. That was down 19.9% from $244.8 million the previous year.
Is First Guaranty Bancshares profitable?
No. First Guaranty Bancshares reported a net loss of $56.0 million in fiscal 2025, a net profit margin of −28.6%; its operating margin was −35.0%.
What is First Guaranty Bancshares's gross margin?
First Guaranty Bancshares's gross margin was −6.2% in fiscal 2025: for every $100 of revenue, First Guaranty Bancshares kept $-6 after the direct cost of its products and services.
How fast is First Guaranty Bancshares growing?
Revenue grew 9.7% a year on average over the last five fiscal years, from $123.1 million to $196.0 million.
What are First Guaranty Bancshares's earnings per share?
First Guaranty Bancshares earned $-3.32 per diluted share in fiscal 2025, compared with $0.81 a year earlier.
When will First Guaranty Bancshares report its next earnings?
First Guaranty Bancshares is expected to report results for the quarter ending September 30, 2026 on November 16, 2026.
When does First Guaranty Bancshares's fiscal year end?
First Guaranty Bancshares's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 31, 2026.