First Guaranty Bancshares, Inc. · NASDAQ:FGBI
First Guaranty Bancshares — Investor Presentation (April 2022)
27 slides from First Guaranty Bancshares's investor presentation, Apr 28, 2022
Slide 1: Investor Presentation – First Quarter 2022
MARCH 2020 DISCUSSION MATERIALS ST RI CT LY C ON FI DE NT IA L Materials Prepared For: [BANK NAME] Financial Institutions Group INVESTOR PRESENTATION Financial Data as of: First Quarter 2022 NASDAQ: FGBI www.fgb.net
Slide 2: Certain Important Information: Caution Regarding Forward Looking Statements
2 CERTAIN IMPORTANT INFORMATION CAUTION REGARDING FORWARD LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended with respect to the finan
Slide 3: Corporate Overview
CORPORATE OVERVIEW
Slide 4: Best Banks Rankings 2022
DEST SMALL DANK rag pola -**** | TWICE 4 BEST BEST | RANKED .. BANKS 9021 a 2022
Slide 5: Experienced Leadership
5 EXPERIENCED LEADERSHIP Chief Executive Officer & President Chief Executive Officer and President of First Guaranty Bancshares, Inc. since October 2009 Chief Executive Officer of First Guaranty Bank since October 2009 President of First Guaranty Bank since January 2013 Vice Chairman of Firs
Slide 6: Experienced Leadership
6 Evan Singer SVP & Chief Mergers & Acquisitions Officer Joined FGBI in 2008 Background in Commercial Lending, Purchasing & Facilities, BSA/Fraud, Special Assets, and Mergers & Acquisitions Earned his Bachelor’s degree from Marshall University 2011 graduate from The Graduate School of Bankin
Slide 7: Board of Directors
7 BOARD OF DIRECTORS Source: Company documents MARSHALL T. REYNOLDS Chairman of the Board of Directors Chairman of the Board, Champion Industries WILLIAM K. HOOD President, Hood Automotive Group ALTON B. LEWIS JR. Bio on Experienced Leadership Slide JACK ROSSI CPA, Consultant EDGAR R. SMITH
Slide 8: 2022 YTD At a Glance
8 FIRST GUARANTY BANCSHARES, INC. ¹Non-GAAP measure. See “Certain Important Information – Non-GAAP Financial Measures” on slide 2 and “Non-GAAP Reconciliation” on slide 25 for additional information Note: Market data and financial information as of and for the three months ended March 31, 2022 Sourc
Slide 9: Growing Stockholder Value
9 $0 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000 19 93 19 94 19 95 19 96 19 97 19 98 19 99 20 00 20 01 20 02 20 03 20 04 20 05 20 06 20 07 20 08 20 09 20 10 20 11 20 12 20 13 20 14 20 15 20 16 20 17 20 18 20 19 20 20 20 21 20 22 GROWING STOCKHOLDER VALUE *Annualized Source: Company docum
Slide 10: Growth Milestones
10 Year Milestone 1934 First Guaranty Bank is founded in Amite, LA 1993 Investor group led by Marshall Reynolds invests $3.6M as part of recapitalization 1999 Acquisition of Bank One of Louisiana Acquisition of First Southwest Bank 2001 Acquisition of Woodlands Bancorp, Inc. 2007 Acquisition of Home
Slide 11: Book Value Growth per One 1993 Share
11 BOOK VALUE GROWTH PER ONE 1993 SHARE1 (PER COMMON SHARE) Source: Company documents 1 Has been adjusted for cumulative stock splits and dividends of 3.22 times since 1993, as of March 31, 2022 First Guaranty’s Total Return on one 1993 share has increased from $2.35 to $109.04, or 4,540% since 19
Slide 12: Embracing New Technologies
12 EMBRACING NEW TECHNOLOGIES Q2 is a leading software provider that has transformed our customers’ digital financial experience. Our Online Banking platform is so much more than just Online Banking, below are some of the additional capabilities that are part of FGB’s Online Banking experience COMIN
Slide 13: Bank Footprint
13 BANK FOOTPRINT Source: S&P Capital IQ Pro
Slide 14: Continued Success in the Mideast
14 Accretive to earnings as of 1/31/22 • $64.5 million in loans booked as of 12/31/21 • $120 million in loans booked as of 3/31/22 • Growth of $55.5 million or 86% Current Pipeline for 2022 • $67 million in loans Approved $30 million In Process $37 million CONTINUED SUCCESS IN THE MIDEAST OH
Slide 15: Financial Highlights
FINANCIAL HIGHLIGHTS
Slide 16: Financial Highlights
16 FINANCIAL HIGHLIGHTS Total assets increased YoY by 13.4% to $2.9 billion Total loans increased YoY by 13.5% to $2.2 billion YTD net income of $7.6 million YTD earnings per common share of $0.65 Return on average assets of 1.05% for 1Q 2022 Return on average common equity of 14.99% for
Slide 17: Financial Trends
17 FINANCIAL TRENDS Source: Company documents, as of March 31, 2022 TOTAL ASSETS ($M) TOTAL GROSS LOANS ($M) TOTAL DEPOSITS ($M) LOAN / DEPOSIT RATIO (%) $2,117 $2,473 $2,878 $2,567 $2,910 $0 $600 $1,200 $1,800 $2,400 $3,000 $3,600 2019Y 2020Y 2021Y 1Q21 1Q22 $1,525 $1,844 $2,159 $1,966 $2,231 $0 $5
Slide 18: Earnings Power
18 EARNINGS POWER ¹Non-GAAP measure. See “Certain Important Information – Non-GAAP Financial Measures” on slide 2 and “Non-GAAP Reconciliation” on slide 25 for additional information Source: Company documents, for the three months ended March 31, 2022 RETURN ON AVERAGE TANGIBLE COMMON EQUITY(1) (%)
Slide 19: Earnings Power
19 EARNINGS POWER NET INTEREST INCOME ($000) $61,677 $74,667 $89,618 $19,602 $24,983 $0 $15,000 $30,000 $45,000 $60,000 $75,000 $90,000 $105,000 2019Y 2020Y 2021Y 1Q21 1Q22 INTEREST EXPENSE ($000) $29,966 $26,017 $22,299 $5,739 $5,496 $0 $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 2019Y 2020Y 202
Slide 20: Loan Portfolio
20 ($000s) 2019Y 2020Y 2021Y 1Q22 Commercial & Industrial 268,256$ 353,028$ 398,391$ 412,672$ Non-Farm Non-Residential 616,536 824,137 886,407 894,105 Residential Real Estate 313,608 317,168 354,195 363,037 Commercial Leases 70,125 104,141 246,022 257,323 Consumer & Other 38,743 44,642 48,142 48,702
Slide 21: Conservative Credit Culture
21 79.33% 119.95% 134.59% 0.00% 20.00% 40.00% 60.00% 80.00% 100.00% 120.00% 140.00% 2020 2021 2022 CONSERVATIVE CREDIT CULTURE Source: Company documents, as of and for the three months ended March 31, 2022 ALLL/NONPERFORMING ASSETS HISTORICAL ASSET QUALITY NPAs/TOTAL ASSETS & NCOs/AVG LOANS 1.25% 0.
Slide 22: Deposit Highlights
22 HIGHLIGHTS Weighted average rate is 0.8% 1Q 2022 compared to 0.9% 1Q 2021 Noninterest-bearing deposits increased by $23.4 million to $556.0 million at 3/31/22, representing 21.2% of total deposits, and $89.3 million in growth since 3/31/21 Total time deposits decreased from 22.6% of total d
Slide 23: Bigger | Stronger | More Profitable
BIGGER | STRONGER | MORE PROFITABLE FIRST GUARANTY BANCSHARES, INC.
Slide 24: Appendix
APPENDIX
Slide 25: Non-GAAP Reconciliation
25 NON-GAAP RECONCILIATION Source: Company documents Tangible common equity, tangible assets, and tangible book value per share are non-GAAP financial measures calculated using GAAP amounts. Tangible common equity is calculated by excluding the balance of goodwill and the core deposit intangible fro
Slide 26: Non-GAAP Reconciliation
26 NON-GAAP RECONCILIATION *Annualized Source: Company documents Dollars in thousands 2019 2020 2021 2022 Average common equity $158,400 $178,905 $184,308 189,401 LESS: Average intangibles 8,029 19,217 18,340 17,885 Average tangible common equity (non-GAAP) $150,371 $159,688 $165,968 $171,516 Net in
Slide 27: BiiiP
BiiiP fgb.net 888.375.3093 NASDAQ: FGBI
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