HAMMOND, La. (AP) — HAMMOND, La. (AP) — First Guaranty Banchshares Inc. (FGBI) on Tuesday reported third-quarter profit of $1.8 million.
The bank, based in Hammond, Louisiana, said it had earnings of 10 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.
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The bank holding company posted revenue of $50.1 million in the period. Its revenue net of interest expense was $22.9 million, which also fell short of Street forecasts.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FGBI at https://www.zacks.com/ap/FGBI