First Guaranty Bancshares ( (FGBI) ) just unveiled an announcement.
First Guaranty Bancshares, Inc. reported a robust financial performance for the third quarter of 2024, with total assets rising by 14.8% year-over-year to $3.9 billion and total loans increasing by 2.6% to $2.8 billion. Despite a modest net income of $1.9 million, the company showed resilience with a diversified loan portfolio, including growth in SBA/USDA guaranteed lending and commercial leases. The bank also demonstrated strong liquidity, with a significant 21.8% increase in total deposits. Investors should note the forward-looking nature of the company’s statements, acknowledging potential risks and uncertainties.
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