First Guaranty Bancshares (FGBI) Reports Q2 Loss, Lags Revenue Estimates

Company Performance - First Guaranty Bancshares (FGBI) reported a quarterly loss of $0.61 per share, significantly worse than the Zacks Consensus Estimate of a loss of $0.20, and compared to earnings of $0.53 per share a year ago, indicating an earnings surprise of -205.00% [1] - The company posted revenues of $24.4 million for the quarter ended June 2025, missing the Zacks Consensus Estimate by 1.63%, and down from $36.77 million in the same quarter last year [2] - Over the last four quarters, the company has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Stock Performance - First Guaranty Bancshares shares have declined approximately 28.5% since the beginning of the year, contrasting with the S&P 500's gain of 9.7% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.09 on revenues of $25.18 million, and for the current fiscal year, it is -$0.80 on revenues of $99.82 million [7] Industry Outlook - The Zacks Industry Rank for Banks - Southeast is currently in the top 6% of over 250 Zacks industries, suggesting a favorable outlook for the industry [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5]