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.
Introduction
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First Guaranty Bancshares: Get 8.8% Yield On Preferred Shares