First Gty Bancsh Financials

FGBIP

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows First Gty Bancsh (FGBIP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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).

Rhea AI FGBIP FY2025 2026-04-22

Profitability flipped negative while cash balances swelled, showing a larger balance sheet that relied more on funding than earnings.

The cash build to $845.7M in FY2025 looks reassuring until you pair it with negative operating cash flow of -$8.3M and continued financing support, which means liquidity was not being generated by the core operation. Across the same span, liabilities expanded from $2.65B to $3.85B, so the company ended up with a bigger balance sheet but not a stronger earnings engine.

Returns collapsed: ROA and ROE fell from 0.95% and 12.2% in FY2021 to negative levels in FY2025, so a much larger asset base stopped producing healthy earnings for equity. With assets up about $1.2B across the period, the problem is less size than weaker profit extraction from that size.

Funding costs overwhelmed growth: interest expense climbed from $22.3M to $126.3M between FY2021 and FY2025, which helps explain why a higher revenue base still ended in a loss. Capital returns were cut back as dividends per share dropped to $0.04, consistent with free cash flow turning negative and cash being kept inside the balance sheet.

Financial Health Signals

Financial Profile 27/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of First Gty Bancsh's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

First Gty Bancsh has an operating margin of -21.7%, meaning the company retains $-22 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses.

Growth

First Gty Bancsh's revenue declined 3.8% year-over-year, from $221.7M to $213.3M. This contraction results in a growth score of 47/100.

Leverage

First Gty Bancsh carries a low D/E ratio of 0.79, meaning only $0.79 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 86/100, indicating a strong balance sheet with room for future borrowing.

Cash Flow

While First Gty Bancsh generated -$8.3M in operating cash flow, capex of $1.7M consumed most of it, leaving -$10.0M in free cash flow. This results in a low score of 31/100, reflecting heavy capital investment rather than weak cash generation.

Returns

First Gty Bancsh generates a -24.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from 4.9% the prior year.

Piotroski F-Score Weak

2/9

First Gty Bancsh passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Low Quality

0.15x

For every $1 of reported earnings, First Gty Bancsh generates $0.15 in operating cash flow (-$8.3M OCF vs -$56.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-0.4x

First Gty Bancsh earns $-0.4 in operating income for every $1 of interest expense (-$46.2M vs $126.3M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$213.3M

YoY-3.8%

5Y CAGR+16.2%

10Y CAGR+14.3%

First Gty Bancsh generated $213.3M in revenue in fiscal year 2025. This represents a decrease of 3.8% from the prior year.

EBITDA

-$41.9M

First Gty Bancsh's EBITDA was -$41.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

Net Income

-$56.0M

YoY-550.0%

First Gty Bancsh reported -$56.0M in net income in fiscal year 2025. This represents a decrease of 550.0% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

-$10.0M

YoY-132.5%

First Gty Bancsh generated -$10.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 132.5% from the prior year.

Cash & Debt

$845.7M

YoY+49.9%

5Y CAGR+23.1%

First Gty Bancsh held $845.7M in cash against $179.0M in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.04

YoY-90.2%

5Y CAGR-41.4%

10Y CAGR-22.9%

First Gty Bancsh paid $0.04 per share in dividends in fiscal year 2025. This represents a decrease of 90.2% from the prior year.

Shares Outstanding

16M

YoY+26.3%

10Y CAGR+8.6%

First Gty Bancsh had 16M shares outstanding in fiscal year 2025. This represents an increase of 26.3% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

-21.7%

First Gty Bancsh's operating margin was -21.7% in fiscal year 2025, reflecting core business profitability.

Net Margin

-26.3%

YoY-31.9pp

5Y CAGR-46.5pp

10Y CAGR-52.1pp

First Gty Bancsh's net profit margin was -26.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 31.9 percentage points from the prior year.

Return on Equity

-24.8%

YoY-29.6pp

5Y CAGR-36.1pp

10Y CAGR-37.0pp

First Gty Bancsh's ROE was -24.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 29.6 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$1.7M

YoY-44.3%

5Y CAGR-23.1%

10Y CAGR-9.1%

First Gty Bancsh invested $1.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 44.3% from the prior year.

FGBIP Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$213.3M-3.8%	$221.7M+21.1%	$183.0M+34.0%	$136.6M+22.0%	$111.9M+11.2%	$100.7M
Cost of Revenue	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
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$30.5M-20.5%	$38.3M-5.2%	$40.4M+10.1%	$36.7M+14.0%	$32.2M+8.7%	$29.6M
Operating Income	-$46.2M	N/A	N/A	N/A	N/A	N/A
Interest Expense	$126.3M-5.2%	$133.3M+35.6%	$98.3M+169.1%	$36.5M+63.8%	$22.3M-14.3%	$26.0M
Income Tax	-$12.5M-452.4%	$3.6M+32.9%	$2.7M-64.3%	$7.5M+4.9%	$7.2M+37.2%	$5.2M
Net Income	-$56.0M-550.0%	$12.4M+35.0%	$9.2M-68.1%	$28.9M+5.8%	$27.3M+34.3%	$20.3M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$51.0M-4.7%	$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
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	$6.7M-10.0%	$7.5M-4.8%	$7.8M-7.1%	$8.4M+7.3%	$7.9M-22.1%	$10.1M-3.3%	$10.4M+5.5%	$9.9M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$30.8M-1.6%	$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
Income Tax	$469K+105.2%	-$9.0M-313.5%	-$2.2M-19.5%	-$1.8M-1253.2%	$158K-72.1%	$566K-73.7%	$2.2M+216.2%	$681K
Net Income	$2.5M+105.4%	-$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
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

FGBIP Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$4.1B+2.7%	$4.0B+11.8%	$3.6B+12.7%	$3.2B+9.5%	$2.9B+16.4%	$2.5B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$845.7M+49.9%	$564.2M+97.0%	$286.5M+244.2%	$83.2M-68.2%	$261.9M-12.6%	$299.6M
Inventory	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
Goodwill	$0-100.0%	$12.9M0.0%	$12.9M0.0%	$12.9M0.0%	$12.9M0.0%	$12.9M
Total Liabilities	$3.9B+3.6%	$3.7B+12.5%	$3.3B+13.3%	$2.9B+9.9%	$2.7B+15.7%	$2.3B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$179.0M-8.2%	$194.9M-6.8%	$209.1M+466.7%	$36.9M-14.6%	$43.2M-28.6%	$60.5M
Total Equity	$226.2M-11.3%	$255.0M+2.2%	$249.6M+6.2%	$235.0M+5.0%	$223.9M+25.4%	$178.6M
Retained Earnings	$14.1M-80.7%	$73.0M+7.3%	$68.0M-11.0%	$76.4M+34.8%	$56.7M+52.6%	$37.1M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$4.1B+7.4%	$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
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$845.7M+12.1%	$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
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	$0-100.0%	$12.9M0.0%	$12.9M0.0%	$12.9M0.0%	$12.9M0.0%	$12.9M0.0%	$12.9M
Total Liabilities	$3.9B+7.7%	$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
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$179.0M	N/A	N/A	N/A	$194.9M	N/A	N/A	N/A
Total Equity	$226.2M+2.3%	$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
Retained Earnings	$14.1M+13.9%	$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

FGBIP Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$8.3M-124.5%	$33.7M+55.3%	$21.7M-41.1%	$36.9M+39.0%	$26.5M+11.6%	$23.8M
Capital Expenditures	$1.7M-44.3%	$3.0M-79.5%	$14.9M+462.1%	$2.6M+19.9%	$2.2M-65.1%	$6.3M
Free Cash Flow	-$10.0M-132.5%	$30.7M+347.4%	$6.9M-80.0%	$34.2M+40.7%	$24.3M+39.4%	$17.4M
Investing Cash Flow	$129.9M+191.4%	-$142.1M+31.1%	-$206.1M+56.0%	-$467.9M-3.4%	-$452.6M-252.4%	-$128.5M
Financing Cash Flow	$159.9M-58.6%	$386.1M-0.4%	$387.6M+53.6%	$252.3M-35.0%	$388.5M+15.3%	$336.9M
Dividends Paid	$560K-89.1%	$5.1M-30.4%	$7.4M+7.5%	$6.9M+7.3%	$6.4M+2.6%	$6.2M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	-$24.8M-184.2%	$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
Capital Expenditures	$527K-23.4%	$688K+152.0%	$273K+31.3%	$208K-28.3%	$290K+310.1%	-$138K-110.7%	$1.3M-19.3%	$1.6M
Free Cash Flow	-$25.3M-188.1%	$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
Investing Cash Flow	-$162.4M-219.4%	$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
Financing Cash Flow	$278.7M+320.9%	-$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
Dividends Paid	$155K+2.6%	$151K+17.1%	$129K+3.2%	$125K-0.8%	$126K-87.4%	$999K-50.1%	$2.0M0.0%	$2.0M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

FGBIP Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-21.7%	N/A	N/A	N/A	N/A	N/A
Net Margin	-26.3%-31.9pp	5.6%+0.6pp	5.0%-16.1pp	21.1%-3.2pp	24.4%+4.2pp	20.2%
Return on Equity	-24.8%-29.6pp	4.9%+1.2pp	3.7%-8.6pp	12.3%+0.1pp	12.2%+0.8pp	11.4%
Return on Assets	-1.4%-1.7pp	0.3%+0.1pp	0.3%-0.7pp	0.9%-0.0pp	0.9%+0.1pp	0.8%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.79+0.0	0.76-0.1	0.84+0.7	0.16-0.0	0.19-0.1	0.34
FCF Margin	-4.7%-18.5pp	13.8%+10.1pp	3.8%-21.3pp	25.1%+3.3pp	21.7%+4.4pp	17.3%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
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	4.8%+88.9pp	-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%
Return on Equity	1.1%+21.4pp	-20.4%-17.6pp	-2.8%-0.3pp	-2.5%-2.9pp	0.4%-0.3pp	0.8%-2.1pp	2.8%+1.9pp	0.9%
Return on Assets	0.1%+1.3pp	-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%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.79-15.4	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
FCF Margin	-49.6%-103.3pp	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%

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Frequently Asked Questions

What is First Gty Bancsh's annual revenue?

First Gty Bancsh (FGBIP) reported $213.3M in total revenue for fiscal year 2025. This represents a -3.8% 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 Gty Bancsh's revenue growing?

First Gty Bancsh (FGBIP) revenue declined by 3.8% year-over-year, from $221.7M to $213.3M in fiscal year 2025.

Is First Gty Bancsh profitable?

No, First Gty Bancsh (FGBIP) reported a net income of -$56.0M in fiscal year 2025, with a net profit margin of -26.3%.

What is First Gty Bancsh's EBITDA?

First Gty Bancsh (FGBIP) had EBITDA of -$41.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does First Gty Bancsh have?

As of fiscal year 2025, First Gty Bancsh (FGBIP) had $845.7M in cash and equivalents against $179.0M in long-term debt.

What is First Gty Bancsh's operating margin?

First Gty Bancsh (FGBIP) had an operating margin of -21.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is First Gty Bancsh's net profit margin?

First Gty Bancsh (FGBIP) had a net profit margin of -26.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does First Gty Bancsh pay dividends?

Yes, First Gty Bancsh (FGBIP) paid $0.04 per share in dividends during fiscal year 2025.

What is First Gty Bancsh's return on equity (ROE)?

First Gty Bancsh (FGBIP) has a return on equity of -24.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is First Gty Bancsh's free cash flow?

First Gty Bancsh (FGBIP) generated -$10.0M in free cash flow during fiscal year 2025. This represents a -132.5% 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 Gty Bancsh's operating cash flow?

First Gty Bancsh (FGBIP) generated -$8.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are First Gty Bancsh's total assets?

First Gty Bancsh (FGBIP) had $4.1B in total assets as of fiscal year 2025, including both current and long-term assets.

What are First Gty Bancsh's capital expenditures?

First Gty Bancsh (FGBIP) invested $1.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does First Gty Bancsh have outstanding?

First Gty Bancsh (FGBIP) had 16M shares outstanding as of fiscal year 2025.

What is First Gty Bancsh's debt-to-equity ratio?

First Gty Bancsh (FGBIP) had a debt-to-equity ratio of 0.79 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is First Gty Bancsh's return on assets (ROA)?

First Gty Bancsh (FGBIP) had a return on assets of -1.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is First Gty Bancsh's cash runway?

Based on fiscal year 2025 data, First Gty Bancsh (FGBIP) had $845.7M in cash against an annual operating cash burn of $8.3M. This gives an estimated cash runway of approximately 1226 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is First Gty Bancsh's Piotroski F-Score?

First Gty Bancsh (FGBIP) has a Piotroski F-Score of 2 out of 9, indicating weak 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are First Gty Bancsh's earnings high quality?

First Gty Bancsh (FGBIP) has an earnings quality ratio of 0.15x, considered low quality (accrual-driven). 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.

Can First Gty Bancsh cover its interest payments?

First Gty Bancsh (FGBIP) has an interest coverage ratio of -0.4x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is First Gty Bancsh?

First Gty Bancsh (FGBIP) scores 27 out of 100 on our Financial Profile, indicating weak 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.