First Guaranty Bancshares Inc. 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock (FGBIP)

FairStock Score: 61/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I start with the business: a 333-employee regional bank in Louisiana and Texas. The filed figures show a sharp break in 2025. For fiscal year 2025, ended 2025-12-31, net income was -$56.0 million and diluted EPS was -$4.17. That followed net income of $12.4 million and diluted EPS of $0.81 in fiscal 2024, and $9.2 million and $0.62 in fiscal 2023. The bulk of the damage came in the quarter ended 2025-09-30, with net income of -$45.0 million and diluted EPS of -$3.01. Since then, the bank has reported small positive quarters: $2.5 million in the quarter ended 2025-12-31, $2.7 million in the quarter ended 2026-03-31, and $3.4 million in the quarter ended 2026-06-30. That looks like a turnaround, and the FairStock Lynch category is TURNAROUND—loss in latest year after earlier profits. But a bank's moat is trust, underwriting, and capital, and the data does not give me CET1, net interest margin, or combined ratio. FairStock's calculations at the 2026-10-13 close of $17.05 show P/B of 1.45, P/E of 6.56, ROE of -14.84%, Piotroski F-Score of 3/9, and a 9.90% dividend yield on this preferred. The yield is high because the preferred is non-cumulative and perpetual: if dividends are skipped, they are not owed later, and there is no maturity. Valuation on common earnings may look cheap, but the preferred is a credit instrument. I would want clear capital and asset-quality evidence before trusting the coupon.

In plain English: First Guaranty Bancshares is a small regional bank serving Louisiana and Texas. It lost a lot of money in 2025 but has made small profits in the last few quarters. Its preferred stock pays a high dividend, but the bank's profit record is uneven and the dividend can be skipped, so the price looks more like a risky high-yield bet than a safe bargain.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q4 2025 10-K (period ended 2025-12-31) · fiscal Q3 2025 10-K (period ended 2025-09-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer