First Guaranty Bancshares (First Guaranty Bancshares) Total Assets : $3,552.77 Mil (As of Dec. 2023)

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What is First Guaranty Bancshares Total Assets?

First Guaranty Bancshares's Total Assets for the quarter that ended in Dec. 2023 was $3,552.77 Mil.

Warning Sign:

If a company builds assets at 18.6% a year, faster than its revenue growth rate of 9.8% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, First Guaranty Bancshares's average Total Assets Growth Rate was 8.40% per year. During the past 3 years, the average Total Assets Growth Rate was 18.00% per year. During the past 5 years, the average Total Assets Growth Rate was 18.60% per year. During the past 10 years, the average Total Assets Growth Rate was 14.30% per year.

During the past 13 years, First Guaranty Bancshares's highest 3-Year average Total Assets Growth Rate was 20.00%. The lowest was -7.00%. And the median was 11.60%.

Total Assets is connected with ROA %. First Guaranty Bancshares's annualized ROA % for the quarter that ended in Dec. 2023 was 0.15%. Total Assets is also linked to Revenue through Asset Turnover. First Guaranty Bancshares's Asset Turnover for the quarter that ended in Dec. 2023 was 0.01.

First Guaranty Bancshares Total Assets Historical Data

The historical data trend for First Guaranty Bancshares's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

First Guaranty Bancshares Total Assets Chart

First Guaranty Bancshares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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2,117.22

2,473.08

2,878.12

3,151.35

3,552.77

First Guaranty Bancshares Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															3,151.35	3,237.80	3,236.05	3,418.23	3,552.77

First Guaranty Bancshares Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

First Guaranty Bancshares's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	249.631	+	3303.141
	=	3,552.77

First Guaranty Bancshares's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	249.631	+	3303.141
	=	3,552.77

First Guaranty Bancshares (NAS:FGBI) Total Assets Explanation

Total Assets is connected with ROA %.

First Guaranty Bancshares's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	5.212	/	( (3418.234	+	3552.772)	/ 2 )
	=	5.212	/	3485.503
	=	0.15 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

First Guaranty Bancshares's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	23.085	/	( (3418.234	+	3552.772)	/ 2 )
=	23.085	/	3485.503
=	0.01

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

First Guaranty Bancshares Total Assets Related Terms

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First Guaranty Bancshares (First Guaranty Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Guaranty Bancshares Inc (NAS:FGBI) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

FGBIP.PFD:USA

Address

400 East Thomas Street, Hammond, LA, USA, 70401

Website

https://www.fgb.net

First Guaranty Bancshares Inc provides personalized commercial banking services to its customers in Louisiana, through several banking facilities in the Market Services Areas. Its principal business activity includes attracting deposits and investing it together with funds generated from operations and borrowings insecurities and in lending activities to serve the credit needs of its customer base. The company offers commercial real estate loans, commercial and industrial loans, construction and land development loans, agricultural and farmland loans, and to a lesser extent, consumer and multifamily loans.

Executives

Vanessa R Drew	director	400 EAST THOMAS STREET, HAMMOND LA 70401
Amanda Wood Barnett	officer: General Counsel	1412 CENTRE COURT DRIVE, SUITE 101, ALEXANDRIA LA 71301
Smith Edgar R. Iii	director	400 EAST THOMAS STREET, HAMMOND LA 70401
William K Hood	director	400 EAST THOMAS STREET, HAMMOND LA 70401
Marshall T Reynolds	director, 10 percent owner, officer: Chairman of the Board	2450 FIRST AVENUE, HUNTINGTON WV 25704
Smith & Hood Holding Company, Llc	10 percent owner	11239 HIGHWAY 16, AMITE LA 70422
Eric Dosch	officer: SVP and CFO	2450 FIRST AVENUE, HUNTINGTON WV 25703
Jack Rossi	director	400 EAST THOMAS STREET, HAMMOND LA 70401
Lewis Alton B Jr	officer: Chief Executive Officer	400 EAST THOMAS STREET, HAMMOND LA 70401
Glenda Baskin Glover	director	911 E. WINDING CREEK DRIVE, SUITE 150, EAGLE ID 83616
Smith & Hood Investments, Llc	10 percent owner	P.O. BOX 367, AMITE LA 70422
Gary A Simanson	director	717 KING STREET, ALEXANDRIA VA 22314
Michael R. Sharp	officer: President and CLO	400 EAST THOMAS STREET, HAMMOND LA 70401
Michele E. Lobianco	officer: Chief Financial Officer	400 EAST THOMAS STREET, HAMMOND LA 70401
Loy F. Weaver	officer: Executive Vice President	400 EAST THOMAS STREET, HAMMOND LA 70401