On this page of StockholderLetter.com we present the latest annual shareholder letter from First Guaranty Bancshares, Inc. — ticker symbol FGBI. Reading current and past FGBI letters to shareholders can bring important insights into the investment thesis.

 •  4/23/2025 Letter Continued (Full PDF)
 •  4/10/2023 FGBI Stockholder Letter
 •  4/17/2024 FGBI Stockholder Letter
 •  More "Banking & Savings" Category Stockholder Letters
 •  FGBI Benford's Law Stock Score = 100

FGBI Shareholder/Stockholder Letter Transcript:

FIRST
GUARANTY
BANCSHARES, INC.
9
DECADES OF COMMITMENT TO
CUSTOMER SERVICE
2024 ANNUAL REPORT
9 Decades of Commitment to Customer Service
1

CELEBRATES
First Guaranty Bancshares, Inc. Annual Report 2024


FIRST GUARANTY BANCSHARES, INC.
CORPORATE INFORMATION
ANNUAL MEETING
The Annual Meeting of Shareholders will
convene at 2:00 PM Central Daylight Saving
Time (CDT) on
Thursday, May 15, 2025 in the FGB Center
206 S. Orange Street
Hammond, LA 70403
CORPORATE HEADQUARTERS
First Guaranty Square
400 East Thomas Street
Hammond, Louisiana 70401-3320
Telephone: (888) 375-3093
SHAREHOLDER SERVICES
First Guaranty Bancshares, Inc.
Post Office Box 2009
Hammond, Louisiana 70404-2009
Contact: Vanessa R. Drew
Telephone: (985) 375-0343
Email: investorrelations@fgb.net
CERTIFIED PUBLIC ACCOUNTANTS
Griffith, DeLaney, Hillman & Lett
Ashland, Kentucky
FINANCIAL AND GENERAL INFORMATION
Persons seeking financial or other information
about the Company are invited to contact:
Eric J. Dosch
Chief Financial Officer, Treasurer and Secretary
First Guaranty Bancshares, Inc.
Post Office Box 2009
Hammond, Louisiana 70404-2009
Telephone: (985) 375-0308
NOTICE TO SHAREHOLDERS
A copy of the First Guaranty Bancshares, Inc.
Annual Report filed on Form 10-K with the U.S.
Securities and Exchange Commission can be
accessed through the Company   s website at
www.fgb.net or is available without charge by
writing.
9 Decades of Commitment to Customer Service
1


TABLE OF CONTENTS
Corporate Information .............................................................................................. Page 1
Table of Contents .................................................................................................... Page 2
First Guaranty Bancshares, Inc. Financial Snapshot .................................................. Page 3
Nine Decades of Commitment to Customer Service .................................................. Page 4
Letter from the Chairman, Marshall T. Reynolds ........................................................ Page 5
Letter from the Chief Executive Officer & President, Michael R. Mineer ..................... Page 6
Report from the Chief Financial Officer, Eric J. Dosch ................................................ Page 7
Report from the Chief Lending Officer, Randy S. Vicknair ........................................... Page 8
Report from the Texas Area President, Jordan M. Lewis ............................................ Page 9
Report from the Mideast Area President, Sam J. Gallo .............................................. Page 10
Report from the Senior Vice President, Glenn A. Duhon, Sr. ....................................... Page 11
Our Mission and Our Values ..................................................................................... Page 12
A Legacy of Leadership: Honoring Our CEO   s Retirement ........................................... Page 13
First Guaranty Bank Board of Directors and First Guaranty Bancshares, Inc. Board .... Page 14
First Guaranty Bank ATM/ITM Locations .................................................................. Page 15
Locations Map......................................................................................................... Page 16
Earnings & Dividends ............................................................................................... Page 18
Performance Graphs ................................................................................................ Page 20
Banks Headquartered in Louisiana ........................................................................... Page 23
FGB Gives Back....................................................................................................... Page 24
First Guaranty Bancshares, Inc. Financial Table of Contents...................................... Page 26
Scan here or go to investors.fgb.net
to visit our Investor Relations site.
NASDAQ Stock Ticker Symbol:
FGBI and FGBIP
2
First Guaranty Bancshares, Inc. Annual Report 2024


FIRST GUARANTY BANCSHARES, INC. FINANCIAL SNAPSHOT
FIRST GUARANTY BANK CELEBRATED 90 YEARS OF
COMMITMENT TO CUSTOMER SERVICE.
On December 31, 2024, total assets were $3.97 billion,
net income was $12.4 million, and earnings per common
share were $0.81. Return on average assets was 0.34%
and return on average common equity was 4.58%. First
Guaranty Bancshares, Inc. shares trade on the Nasdaq
Global Market Exchange and has paid quarterly dividends
for 126 consecutive quarters at December 31, 2024.
PROFILE
First Guaranty Bancshares, Inc. is the holding company of
First Guaranty Bank, which it wholly owns. The Bank is a fullservice !nancial institution with 31 locations throughout
Louisiana, 5 locations in Texas, and 1 in Kentucky and
West Virginia. Headquartered in Hammond, Louisiana, the
Company had 399 employees as of December 31, 2024.
PERFORMANCE GRAPHS
Book Value Growth Per One 1993 Share [1]
Dividends Per One 1993 Common Share [2]
(per common share)

60
50
40
30
90 YEARS OF COMMITMENT

90 YEARS OF COMMITMENT
2.5
Book Value per
one 1993 share
has increased from
$3.70 to $57.16
since 1993.
2.0
1.5
1.0
20
0.5
10
0
0.0
1993
1998
2003
2008
2013
2018
2023
2024
[1] Book value has been adjusted for cumulative stock splits and dividends 3.22 times since 1993.
1993
1998
2003
2008
2013
2018
2023
2024
[2] Cash dividends from the perspective of one original common stock from 1993 to present, this considers
the impact of stock splits and stock dividends.
Cash Dividends on Common Stock (In thousands)
8000
7000
6000
5000

90 YEARS OF COMMITMENT
First Guaranty has paid $110,317,000
in Cash Dividends to common
shareholders since 1993.
4000
3000
2000
1000
0 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
9 Decades of Commitment to Customer Service
3



 4/23/2025 Letter Continued (Full PDF)