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FGBIP - First Guaranty Bancshares: Get 8.8% Yield On Preferred Shares
First Guaranty Bancshares Inc. 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock
2024-06-17 15:57:00 ET
Summary
First Guaranty Bancshares, Inc. struggled with deposit issues and higher interest rates, leading to a decline in net interest income.
The bank has shown improvement in deposit growth and loan stability over the past few quarters, reducing the need for additional financing beyond deposits.
Risks to the bank include a high concentration of commercial real estate loans and eroding performance, making common shares more vulnerable than preferred shares.