First Guaranty Announces Impressive Financial Results for 2022

Net Income of $28.9 Million and Earnings Per Share of $2.48

HAMMOND, La., Jan. 31, 2023 (GLOBE NEWSWIRE) — First Guaranty Bancshares, Inc. (“First Guaranty”) (NASDAQ: FGBI), the holding company for First Guaranty Bank, announced its unaudited financial results for the quarter and year ending December 31, 2022.

2022 marked another very successful year for First Guaranty Bancshares, Inc. Earnings increased for the fifth year consecutively. The number of customers grew significantly, and the company continued to expand its reach in the financial industry. The net income of $28.9 million and earnings per share of $2.48 exceeded expectations and demonstrated the strong performance of First Guaranty.

First Guaranty has been a leader in the banking sector for many years, and these impressive financial results solidify its position as a top-performing financial institution. The company’s commitment to customer satisfaction, innovation, and strategic growth initiatives have contributed to its success and will continue to drive future growth.

Investors and shareholders are pleased with the financial achievements of First Guaranty in 2022. The positive financial results reflect the dedication and hard work of the management team and employees of the company. With a strong foundation and a clear vision for the future, First Guaranty is well-positioned for continued success in the coming years.

How This Will Impact You

As a customer of First Guaranty Bank, you can expect continued high-quality service and a commitment to meeting your financial needs. The company’s strong financial results indicate stability and growth opportunities, ensuring that your investments are in good hands.

How This Will Impact the World

The impressive financial results of First Guaranty Bancshares, Inc. are a positive sign for the financial industry as a whole. As a leading financial institution, First Guaranty’s success sets a benchmark for other companies to aspire to, driving innovation and excellence in the sector.

Conclusion

First Guaranty’s announcement of its financial results for 2022 is a testament to the company’s resilience, leadership, and commitment to excellence. With net income of $28.9 million and earnings per share of $2.48, First Guaranty has set a new standard for financial performance and customer satisfaction. The impact of these impressive results will be felt by customers, shareholders, and the financial industry at large, solidifying First Guaranty’s position as a top-performing financial institution.