First Guaranty Financials
This page shows First Guaranty (FGBI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
First Guaranty's revenue surged 21.1% year-over-year to $221.7M, reflecting rapid business expansion. This strong growth earns a score of 89/100.
First Guaranty carries a low D/E ratio of 0.76, meaning only $0.76 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 83/100, indicating a strong balance sheet with room for future borrowing.
First Guaranty converts 13.8% of revenue into free cash flow ($30.7M). This strong cash generation earns a score of 69/100.
First Guaranty generates a 4.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 20/100. This is up from 3.7% the prior year.
First Guaranty passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, First Guaranty generates $2.71 in operating cash flow ($33.7M OCF vs $12.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
First Guaranty generated $221.7M in revenue in fiscal year 2024. This represents an increase of 21.1% from the prior year.
First Guaranty generated $30.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 347.4% from the prior year.
First Guaranty reported $12.4M in net income in fiscal year 2024. This represents an increase of 35.0% from the prior year.
First Guaranty held $564.2M in cash against $194.9M in long-term debt as of fiscal year 2024.
First Guaranty paid $0.41 per share in dividends in fiscal year 2024. This represents a decrease of 35.9% from the prior year.
First Guaranty had 13M shares outstanding in fiscal year 2024. This represents an increase of 0.2% from the prior year.
First Guaranty's net profit margin was 5.6% in fiscal year 2024, showing the share of revenue converted to profit. This is up 0.6 percentage points from the prior year.
First Guaranty's ROE was 4.9% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 1.2 percentage points from the prior year.
First Guaranty invested $3.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 79.5% from the prior year.
FGBI Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $53.5M-1.5% | $54.3M-0.3% | $54.5M-5.6% | $57.7M+0.5% | $57.4M+7.0% | $53.7M+1.4% | $52.9M+5.2% | $50.3M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $31.3M-2.6% | $32.1M-0.5% | $32.2M-8.3% | $35.1M+1.2% | $34.7M+7.2% | $32.4M+4.6% | $31.0M+5.9% | $29.3M |
| Income Tax | -$9.0M-313.5% | -$2.2M-19.5% | -$1.8M-1253.2% | $158K-72.1% | $566K-73.7% | $2.2M+216.2% | $681K+116.2% | $315K |
| Net Income | -$45.0M-516.2% | -$7.3M-18.4% | -$6.2M-710.5% | $1.0M-47.6% | $1.9M-73.2% | $7.2M+211.7% | $2.3M+77.3% | $1.3M |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
FGBI Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.8B-4.3% | $4.0B+3.7% | $3.8B-3.6% | $4.0B+1.2% | $3.9B+8.5% | $3.6B+1.7% | $3.6B+0.1% | $3.6B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $754.2M+5.5% | $714.9M+15.6% | $618.4M+9.6% | $564.2M+53.5% | $367.6M+23.0% | $299.0M-10.0% | $332.1M+15.9% | $286.5M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $0-100.0% | $12.9M0.0% | $12.9M0.0% | $12.9M0.0% | $12.9M0.0% | $12.9M0.0% | $12.9M0.0% | $12.9M |
| Total Liabilities | $3.6B-3.5% | $3.7B+3.6% | $3.6B-3.8% | $3.7B+1.4% | $3.7B+9.1% | $3.4B+1.7% | $3.3B+0.1% | $3.3B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | $194.9M | N/A | N/A | N/A | $209.1M |
| Total Equity | $221.1M-16.0% | $263.1M+4.6% | $251.4M-1.4% | $255.0M-0.5% | $256.4M+0.5% | $255.1M+1.9% | $250.3M+0.3% | $249.6M |
| Retained Earnings | $12.3M-78.7% | $58.1M-12.1% | $66.1M-9.4% | $73.0M+0.4% | $72.7M+0.5% | $72.3M+6.8% | $67.7M-0.4% | $68.0M |
FGBI Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $29.4M+260.6% | -$18.3M-439.9% | $5.4M-71.6% | $19.0M+291.0% | $4.9M-38.5% | $7.9M+295.7% | $2.0M-84.5% | $12.9M |
| Capital Expenditures | $688K+152.0% | $273K+31.3% | $208K-28.3% | $290K+310.1% | -$138K-110.7% | $1.3M-19.3% | $1.6M-75.7% | $6.6M |
| Free Cash Flow | $28.7M+254.6% | -$18.6M-458.8% | $5.2M-72.3% | $18.7M+296.3% | $4.7M-28.6% | $6.6M+1568.4% | $396K-93.7% | $6.3M |
| Investing Cash Flow | $136.1M+563.1% | -$29.4M-115.8% | $185.7M+39.3% | $133.3M+155.5% | -$240.1M-211.4% | -$77.1M-284.3% | $41.8M+167.9% | -$61.6M |
| Financing Cash Flow | -$126.2M-187.5% | $144.1M+205.3% | -$136.8M-408.8% | $44.3M-85.4% | $303.9M+741.3% | $36.1M+1948.8% | $1.8M-98.7% | $133.9M |
| Dividends Paid | $151K+17.1% | $129K+3.2% | $125K-0.8% | $126K-87.4% | $999K-50.1% | $2.0M0.0% | $2.0M+0.2% | $2.0M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
FGBI Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | -84.1%-70.7pp | -13.4%-2.1pp | -11.3%-13.1pp | 1.8%-1.6pp | 3.4%-10.1pp | 13.4%+9.1pp | 4.4%+1.8pp | 2.6% |
| Return on Equity | N/A | N/A | N/A | 0.4%-0.3pp | 0.8%-2.1pp | 2.8%+1.9pp | 0.9%+0.4pp | 0.5% |
| Return on Assets | -1.2%-1.0pp | -0.2%-0.0pp | -0.2%-0.2pp | 0.0%-0.0pp | 0.1%-0.1pp | 0.2%+0.1pp | 0.1%+0.0pp | 0.0% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 16.18+2.1 | 14.09-0.1 | 14.23+13.5 | 0.76-13.5 | 14.30+1.1 | 13.17-0.0 | 13.21+12.4 | 0.84 |
| FCF Margin | 53.7%+87.9pp | -34.2%-43.7pp | 9.5%-22.9pp | 32.4%+24.2pp | 8.2%-4.1pp | 12.3%+11.6pp | 0.8%-11.7pp | 12.5% |
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Frequently Asked Questions
What is First Guaranty's annual revenue?
First Guaranty (FGBI) reported $221.7M in total revenue for fiscal year 2024. This represents a 21.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is First Guaranty's revenue growing?
First Guaranty (FGBI) revenue grew by 21.1% year-over-year, from $183.0M to $221.7M in fiscal year 2024.
Is First Guaranty profitable?
Yes, First Guaranty (FGBI) reported a net income of $12.4M in fiscal year 2024, with a net profit margin of 5.6%.
How much debt does First Guaranty have?
As of fiscal year 2024, First Guaranty (FGBI) had $564.2M in cash and equivalents against $194.9M in long-term debt.
What is First Guaranty's net profit margin?
First Guaranty (FGBI) had a net profit margin of 5.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does First Guaranty pay dividends?
Yes, First Guaranty (FGBI) paid $0.41 per share in dividends during fiscal year 2024.
What is First Guaranty's return on equity (ROE)?
First Guaranty (FGBI) has a return on equity of 4.9% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is First Guaranty's free cash flow?
First Guaranty (FGBI) generated $30.7M in free cash flow during fiscal year 2024. This represents a 347.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is First Guaranty's operating cash flow?
First Guaranty (FGBI) generated $33.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are First Guaranty's total assets?
First Guaranty (FGBI) had $4.0B in total assets as of fiscal year 2024, including both current and long-term assets.
What are First Guaranty's capital expenditures?
First Guaranty (FGBI) invested $3.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does First Guaranty have outstanding?
First Guaranty (FGBI) had 13M shares outstanding as of fiscal year 2024.
What is First Guaranty's debt-to-equity ratio?
First Guaranty (FGBI) had a debt-to-equity ratio of 0.76 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is First Guaranty's return on assets (ROA)?
First Guaranty (FGBI) had a return on assets of 0.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is First Guaranty's Piotroski F-Score?
First Guaranty (FGBI) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are First Guaranty's earnings high quality?
First Guaranty (FGBI) has an earnings quality ratio of 2.71x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is First Guaranty?
First Guaranty (FGBI) scores 65 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.