First Guaranty Bancshares, Inc. · NASDAQ:FGBI
First Guaranty Bancshares — Investor Presentation (April 2019)
25 slides from First Guaranty Bancshares's investor presentation, Apr 26, 2019
Slide 1: First Guaranty Bancshares, Inc. Investor Presentation
First Guaranty Bancshares, Inc. Investor Presentation April 2018 Financial Information as of December 31, 2017 and March 31, 2018 unless otherwise noted
Slide 2: Disclosures
Disclosures This presentation has been prepared by First Guaranty Bancshares, Inc. (“First Guaranty”) solely for informational purposes based on its own information, as well as information from public sources. This presentation has been prepared to assist interested parties in making their own evalu
Slide 3: Forward Looking Statements
Forward Looking Statements These slides and the accompanying oral presentation contain forward‐looking statements, which can be identified by the use of words such as “estimate,” “project,” “believe,” “intend,” “anticipate,” “assume,” “plan,” “seek,” “expect,” “will,” “may,” “should,” “indicate,” “w
Slide 4: Forward Looking Statements (cont'd)
Forward Looking Statements (cont’d) – our ability to attract and maintain deposits and our success in introducing new financial products; – our ability to improve our asset quality even as we increase our commercial real estate and commercial and industrial lending; – changes in interest rates gener
Slide 5: Summary Financial Overview
Summary Financial Overview Overview • Headquartered in Hammond, LA and originally founded in Amite, LA in 1934 • Operates 26 banking facilities located in the Hammond, Baton Rouge, Lafayette, Shreveport‐Bossier City, Dallas‐ Fort Worth‐Arlington, Waco MSAs • 3/31/2019 BV / share of $17.55, YTD EPS o
Slide 6: History Overview
History Overview • Modern history begins in 1993 with the recapitalization of First Guaranty by a group of investors led by Marshall T. Reynolds Dollars in millions Snapshot (Then and Now) Metrics 1993 Q1'19 CAGR Total Assets: $158.80 $1,907.5 10.3% Total Loans: $105.0 $1,298.2 10.5% Book Value Per
Slide 7: History Corporate Timeline
History Corporate Timeline Announces acquisition of Acquisition of Premier First Guaranty Homestead Bancorp, Inc. Bancshares, Inc. Bank founded in First Guaranty Hired Chief Amite, LA Bancshares, Inc. formed Announces Announces Deposit Officer, acquisition of acquisition of Mark Ducoing First Southw
Slide 8: Historical BV/Share Growth
Historical BV/Share Growth Excluding the Impact of Stock Splits and Stock Dividends Historical Book Value/Share Growth $50.00 $45.00 $40.00 $35.00 $30.00 $25.00 $20.00 $15.00 $10.00 $5.00 $0.00 (1) Estimated book value per share as of March 31, 1993 post‐recapitalization Note: 2018 book value per sh
Slide 9: Cash Dividends on Common Stock
Cash Dividends on Common Stock (in Thousands) Cash Dividends on Common Stock $6,000 5,636 $5,000 $4,000 $3,000 $2,000 $1,000 $0 Source: Company filings 8
Slide 10: Insider Shareholder Base
Insider Shareholder Base • First Guaranty has strong insider ownership • Over 48% of our shares are owned by insiders at both Bank and Holding Company • 8,807,175 current shares outstanding 9
Slide 11: Branch Footprint
Branch Footprint LOTTE
Slide 12: Texas Market Update
Texas Market Update • First Guaranty completed the acquisition on June 16, 2017 • Texas loans have grown 36.6% to $174.9 million from $128.0 million at acquisition • Texas deposits have grown 36.7% to $173.9 million from $127.2 million at acquisition 11
Slide 13: Community Involvement
Community Involvement First Guaranty is a strong contributor to the communities we serve. • Contributes over 2.0% of net earnings to the community • Contributed $413,663 to our local communities in 2018 • Every employee contributes at least four hours of community service annually • In 2018, our emp
Slide 14: Investment Portfolio & Asset/Liability
Investment Portfolio & Asset/Liability Loan / Deposit Improvement • First Guaranty has been reducing the 77.0% 75.9% percentage of securities as a portion 76.0% 75.2% of total assets in recent years and 75.0% 74.2% concentrating on higher yielding 74.0% loans 73.0% 72.0% 71.6% 71.0% • Investment por
Slide 15: Loan Portfolio
Loan Portfolio Total Loans ($million) Loan Portfolio (3/31/2019) Consumer & $1,400 $1,298 Other, 6.0% $1,225 Farmland, 1.5% $1,200 $1,149 C&D, 11.0% $1,000 $949 C&I, 16.1% $800 Agricultural, 1‐4 Family, 1.7% 13.8% $600 Multifamily, $400 Non‐farm Non‐ 3.2% Residential, $200 46.7% $0 2016 2017 2018 1Q
Slide 16: Loan Credit Quality
Loan Credit Quality NPAs / Assets NCOs / Avg. Loans 1.60% 1.48% 0.60% 0.54% 1.40% 0.50% 1.20% 0.40% 1.00% 0.84% 0.77% 0.30% 0.23% 0.80% 0.18% 0.55% 0.20% 0.60% 0.40% 0.10% 0.20% 0.00% 0.00% ‐0.10% ‐0.02% 2016 2017 2018 1Q2019 2016 2017 2018 1Q2019* Loan Loss Reserves / Total Loans Reserves / NPAs 1.
Slide 17: We're growing places
We’re growing places • Expand on additional technological solutions – implementing nCino; a bank operating system • Seek additional Merger & Acquisition opportunities to expand our footprint • FGB Center –a main office expansion – under construction • Completion date December 2019 • Continue to incr
Slide 18: Fanatical Employees
Fanatical Employees FANATICAL PEOPLE MAKE FANATICAL BANKERS Graduate School of Banking 23: Attendees 11: Sr Management 7: Management 5: Rising Stars 17
Slide 19: Investing in First Guaranty
Investing in First Guaranty • First Guaranty has a long history of TBV growth and has been a consistent dividend payer • First Guaranty has long history of creating shareholder value • Book Value per one 1993 share has increased from $3.70 to $46.68 since 1993 • First Guaranty has paid $73,941,000 i
Slide 20: Louisiana meets Texas Commercial
Louisiana meets Texas Commercial 19
Slide 21: fgb.net 888.375.3093
fgb.net 888.375.3093 NASDAQ: FGBI 20
Slide 22: Appendix
Appendix
Slide 23: Historical Balance Sheets
Historical Balance Sheets (Dollars in thousands) Year Ended December 31, 2016 2017 2018 March 31, 2019 Assets Cash and due from banks 17,840 37,205 127,416 165,735 Federal funds sold 271 823 549 416 Cash and cash equivalents 18,111 38,028 127,965 166,151 Available for sale, at fair value 397,473 381
Slide 24: Historical Income Statements
Historical Income Statements (Dollars in thousands) Year Ended December 31, For Three Months Ended 2016 2017 2018 3/31/2019 Income Statement Interest Income 58,532 67,546 78,390 21,975 Interest Expense 10,140 14,393 21,366 7,382 Net Interest Income 48,392 53,153 57,024 14,593 Provision for Loan Loss
Slide 25: Reconciliation of Non GAAP Financial Measures
Reconciliation of Non GAAP Financial Measures December 31, 2016 2017 2018 March 31, 2019 Tangible common equity Total stockholders' equity $124,349 $143,983 $147,284 $154,582 Adjustments: Goodwill (1,999) (3,472) (3,472) (3,472) Acquisition intangibles (978) (3,249) (2,704) (2,614) Tangible common e
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