First Guaranty Bank

What First Guaranty Bank does

First Guaranty Bancshares, Inc., operating through its First Guaranty Bank subsidiary (NASDAQ: FGBI), is a publicly traded community bank holding company founded in 1934 and headquartered at 400 East Thomas Street in Hammond, Louisiana. The company operates 35+ branches across four states (Louisiana, Kentucky, Texas, and West Virginia), supplemented by Interactive Teller Machines (MiBY), a mobile app (MyFGB), online and text banking, and a 24-hour telephone banking line. It serves individual consumers, community heroes, teens and young adults, small-to-medium businesses, agricultural businesses, nonprofit organizations, and mortgage customers, with relationship-based local loan decision-making as a stated differentiator.

The product portfolio spans personal and business checking, savings, money market, certificates of deposit, IRAs, consumer loans (auto, RV, unsecured), mortgages, HELOCs, credit cards, and business treasury management. The digital platform layers third-party fintech integrations, including Autobooks for SMB invoicing, ClickSWITCH for account switching, Savvy Money (Credit Aware) for credit monitoring, SecurLOCK for card control, Clover and First Data for POS, and an in-house Personal Finance Manager. Subsidiaries include First Guaranty Mortgage Corporation and GoodMortgage.com; the company also acquired Union Bancshares, Incorporated in 2019.

Revenue is generated primarily through net interest income on the loan portfolio (consumer, mortgage, construction, agricultural, commercial) and non-interest income from deposit account fees, overdraft fees, wire and interchange fees, merchant services, and mortgage origination. Pricing is subscription/monthly-service-charge based, with fee waivers tied to balance, direct deposit, eStatement, or debit card activity. The bank declared its 114th consecutive quarterly cash dividend and was added to the Russell 2000 Index in July 2022, but the 2025 financial profile shows a $56.02 million net loss, a 23.7% reduction in the loan portfolio across six consecutive quarters of decline, net interest margin at a six-year low of 2.08%, and nonperforming assets at 4.7% of gross loans, indicating material credit and margin pressure.

Name

First Guaranty Bank

Legal name

First Guaranty Bancshares, Inc.

Website

https://fgb.net

Company type

Public

Founded year

1934

Operating status

Operating

Headcount range

251–500 employees

Short description

First Guaranty Bancshares operates First Guaranty Bank, a publicly traded Louisiana-based community bank (NASDAQ: FGBI) founded in 1934 with 35+ branches across Louisiana, Kentucky, Texas, and West Virginia, serving consumers, small-to-medium businesses, and agricultural clients with deposit, lending, mortgage, and treasury management products.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (522180)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

Retail Lending (Personal Loans, Auto, Credit Lines) (FSABAAAB), Credit Cards & Revolving Credit (FSABAAAC), Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI)

Keywords

• Retail banking services
• Community savings bank
• Commercial lending products
• Mortgage loan origination
• Treasury management services

Headquarters

HQ city

Hammond

HQ country

United States

HQ region

North America

Offices33 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Net Interest Income: Interest earned on loan portfolio (auto loans, mortgages, HELOCs, business loans, agricultural loans) minus interest paid on deposits. Core banking revenue stream from lending activities.
2. Non-interest Income: Fees from deposit account maintenance, overdraft fees, wire transfer fees, ATM fees, credit card interchange, merchant services (POS terminals, Streamline Card Services), and other banking service charges.
3. Deposit Account Fees: Monthly service charges on checking and savings accounts (ranging from $3-$15), transaction fees for exceeding limits, and various account-related service fees.
4. Mortgage Lending: Revenue from mortgage originations including conventional fixed rate loans, government guaranteed loans, construction loans, and home equity lines of credit.

Pricing tiers

Go-to-market motion1 record

Distribution channels8 records

Marketing channels7 records

Core offering

First Guaranty Bank is a community-oriented savings bank that provides deposit products (checking, savings, money market, CDs, IRAs), consumer and commercial lending (mortgages, HELOCs, auto, agricultural, business loans), treasury and merchant services, and 24/7 digital banking (online, mobile, ITMs, telephone) through 35+ branches across Louisiana, Kentucky, Texas, and West Virginia. The bank also offers specialty checking for community heroes, teens, nonprofits, and small businesses, and supports its offerings with financial education and community programs.

Product overview

First Guaranty Bank operates as a regional community bank offering a comprehensive suite of banking products and services across Louisiana, Kentucky, Texas, and West Virginia. The bank provides personal banking (checking, savings, credit cards, loans, mortgages, HELOC), business banking (checking, savings, credit cards, loans, treasury management), and digital banking services through its online platform and mobile app. Key digital products include MyFGB App for mobile banking, Online Banking platform, Personal Finance Manager (PFM) for cash flow and budget tracking, Goals for savings management, Credit Aware for credit monitoring, SecurLOCK for card security, ClickSWITCH for account switching, and Autobooks for business invoicing. Business services include Remote Deposit Capture, ACH Origination, Wire Transfers, Treasury Management, and Clover/First Data POS terminals. The bank also offers Interactive Teller Machines (MiBY) for extended service hours.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts (FGB Everyday, Interest Checking, Access, HERO, First Access, Affinity, Active Club, Advantage Club)
• Personal Savings, Money Market, CDs, IRA, and SavingsELITE Personal savings and time-deposit products offering interest-bearing deposit options for consumers, with tiered rates by balance and CD term.
• FGB Visa Personal Credit Cards Personal Visa credit card products including a rewards card for general purchases and a secured card for credit-building, both with contactless payment capability.
• Personal Loans (auto, RV, unsecured) Unsecured and secured personal loans for consumer financing needs including auto, recreational vehicle, and general-purpose borrowing.
• Mortgage Loans and HELOC Mortgage lending products for home purchase, construction, refinancing, and home equity access. Includes conventional fixed-rate, government-guaranteed (FHA/USDA), construction, and HELOC products.
• Contactless Debit Cards Personal debit cards enabled with Mastercard contactless technology, accepted anywhere debit cards are accepted with the same security as chip cards.
• Business Checking Accounts (Small Business, Business Analysis, Sole Proprietor/Non-Profit NOW, Business Money Market) Business demand-deposit accounts including Small Business Checking, Business Analysis Checking, Sole Proprietor/Non-Profit NOW, and Business Money Market. Targets small-to-medium businesses and nonprofits.
• Business Savings, Money Market, and CDs Business savings and time-deposit products including Business Savings, Business Money Market, business CDs, and SavingsELITE. Targets small-to-medium businesses.
• FGB Visa Business Credit Card Business Visa credit card with variable APR, ScoreCard rewards points program, travel accident insurance, and credit limits from $500 to $30,000.
• Commercial Loans (term, real estate, construction, agricultural, lines of credit, letters of credit)
• Treasury Management (ACH, Wire, Lockbox, Remote Deposit Capture) Comprehensive business cash management services including online wire transfers, ACH origination, lockbox services, and remote deposit capture for business customers.
• Clover and First Data POS Terminal Solutions Point-of-sale terminal solutions for business merchants including Clover Station, Clover Mini, Clover Mobile, Clover GO, and First Data FD410/FD130 wireless terminals with EMV/NFC, gift card, and EBT processing.
• Streamline Card Services (Celero Compass mobile payment processing) Mobile payment processing solution for small businesses that enables credit card acceptance via smartphone or tablet with flat-rate pricing.
• Online Banking Platform Web-based digital banking platform providing account access, money transfers, bill pay, and various financial management tools accessible from any device.
• MyFGB Mobile App Mobile banking application for iOS and Android enabling customers to bank on the go with mobile check deposit, transfers, bill pay, and ATM/branch location finder.
• Personal Finance Manager (PFM) Money management tool providing cash flow tracking, spending trend analysis, asset and debt visualization, and budget creation capabilities across all FGB accounts.
• Credit Aware (Credit Score Monitoring) Credit score and report monitoring service integrated into online banking, providing 24/7 access to credit information, identity theft monitoring, and personalized financial education tips.
• SecurLOCK Card Control Mobile application for debit and credit card protection providing real-time alerts, card lock/unlock capabilities, transaction controls by merchant/geographic location, and spend limits management.
• MiBY Interactive Teller Machine (ITM) Interactive Teller Machine providing face-to-face banking experience with extended drive-through hours, supporting deposits, withdrawals, balance inquiries, transfers, loan payments, and check cashing at select branch locations.
• 24-Hour Telephone Banking Automated telephone banking service available 24/7 providing account balances, recent transaction history, fund transfers between authorized accounts, and loan information.
• Courtesy Sweep (Personal and Business Overdraft Protection) Automatic overdraft protection service that sweeps funds from a linked savings, money market, or credit card account to cover overdrafts, with a $2 monthly fee per protected account.

Quantifiable outcome

• 114+ consecutive quarterly cash dividends paid to shareholders
• +1 more outcomes

Named customers1 record

Segments8 records

Ideal customer profiles7 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature6 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• AutobookscoreTechnology or IntegrationAutobooks provides digital invoicing and payment management integrated into FGB's online banking platform. Enables business customers to send invoices, accept credit/debit/ACH payments, manage cash flow, and automatically reconcile transactions. Available within online banking for business users.
• ClickSWITCHcoreTechnology or IntegrationClickSWITCH enables FGB customers to automatically switch recurring deposits and payments from other banks to their FGB accounts. Simplifies account migration by automating the process of updating direct deposit and bill pay information across multiple merchants and employers.
• Savvy Money (Credit Aware)coreTechnology or IntegrationSavvy Money provides credit score monitoring and identity theft protection integrated into FGB's online banking platform. Offers 24/7 access to credit scores and reports, personalized offers, and financial education tips for improving credit health.
• Clover POScoreTechnology or IntegrationClover point-of-sale technology offered to FGB business customers, including Clover Station, Clover Mini, Clover Mobile, and Clover GO. EMV and NFC enabled for secure transactions. FGB also offers First Data terminals (FD410, FD130) for merchants requiring traditional POS solutions.
• NACHAcoreTechnology or IntegrationNACHA is the governing body for ACH network rules. FGB offers ACH origination services for business customers including payroll, accounts payable, and collections. March 2026 updates require businesses to use standardized 'PAYROLL' and 'PURCHASE' company entry descriptions.
• FDIC Money Smart ProgramminorStrategic or Co-development PartnerFGB offers FDIC's Money Smart financial education curriculum adapted for elementary school students and adults. Includes lesson plans, student activity books, and resources for teaching budgeting, saving, banking, and credit concepts.
• Celero Compass (Streamline Card Services)coreTechnology or IntegrationStreamline Card Services, powered by Celero Compass, provides mobile payment processing for small businesses, enabling credit card acceptance via smartphone or tablet with flat-rate pricing and simple application process.
• Mastercard (Contactless Payments)coreTechnology or IntegrationFGB debit and credit cards feature Mastercard contactless payment technology, allowing tap-to-pay transactions at millions of locations worldwide where the contactless symbol is displayed.

Scale indicators13 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Origin Bancorp: Louisiana-headquartered community bank with comparable footprint across Louisiana, Texas, Mississippi, and Alabama. Closest analog in geography, size, and SMB/community focus.
• Investar Holding Corporation: Louisiana community bank offering similar consumer and small business banking products. Comparable size, footprint, and relationship-banking model.
• MidSouth Bancorp: Louisiana and Texas community bank with similar consumer and commercial lending mix, comparable scale, and overlapping geographic footprint.
• Business First Bancshares (b1BANK): Louisiana-based community bank with similar SMB focus and treasury management suite. Comparable size and Louisiana-led multi-state expansion strategy.
• Home Bancorp: Louisiana-based community bank with similar deposit-gathering model, branch-based distribution, and personal/business banking products. Highly comparable in scale and regional focus.
• CNB Financial Corporation: Mid-sized community bank holding company with comparable deposit-funded model, commercial/consumer lending mix, and similar market cap range.
• Tompkins Financial Corporation: Community-focused bank holding company with similar full-service retail/commercial banking model and comparable size band, useful for benchmarking NIM and credit quality.

Broad incumbents

• WesBanco: Multi-state community bank explicitly cited in head-to-head comparison data as a comparable for FGB. Larger scale and broader footprint make it a useful sizing benchmark.
• S&T Bancorp: Mid-Atlantic community bank with similar full-service consumer/SMB banking model. Comparable in scale and product breadth though geographically distinct.
• Trustmark Corporation: Regional community bank with overlapping commercial banking, treasury management, and mortgage offerings. Useful as a comparable for community-bank economics at slightly larger scale.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights6 records

Customer concentration

• Xx.com/FGBank
• YouTubeyoutube.com/user/FirstGuarantyBank
• Facebookfacebook.com/FirstGuarantyBank
• LinkedInlinkedin.com/company/first-guaranty-bank
• Instagraminstagram.com/firstguarantybank

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about First Guaranty Bank