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Last $2.29 USD
Change Today +0.04 / 1.78%
Volume 18.1K
As of 8:10 PM 03/6/15 All times are local (Market data is delayed by at least 15 minutes).

first security group inc/tn (FSGI) Snapshot

Open
$2.26
Previous Close
$2.25
Day High
$2.29
Day Low
$2.23
52 Week High
03/19/14 - $2.40
52 Week Low
05/9/14 - $1.73
Market Cap
153.0M
Average Volume 10 Days
24.2K
EPS TTM
$0.03
Shares Outstanding
66.8M
EX-Date
02/26/10
P/E TM
76.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for FIRST SECURITY GROUP INC/TN (FSGI)

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first security group inc/tn (FSGI) Details

First Security Group, Inc. operates as a bank holding company for FSGBank, N.A., which provides various banking products and services to various communities in eastern and middle Tennessee, and northern Georgia. It accepts various deposits, such as checking, savings, money market accounts, and certificates of deposit. The company offers a range of lending services that are primarily secured by single and multi-family real estate, residential construction, and owner-occupied commercial buildings. Its loan portfolio includes residential mortgage loans; commercial mortgage loans; and commercial loans, including loans to smaller business ventures, and letters of credit, as well as credit lines for working capital, and short-term seasonal or inventory financing. The company also provides real estate construction and development loans to residential and commercial contractors and developers; and consumer loans to individuals for personal, family, and household purposes, including secured and unsecured installment and term loans, as well as direct lease financing services. In addition, it offers wealth management services, including private client services, financial planning, trust administration, investment management, and estate planning services, as well as offers mortgage banking and electronic banking services, such as Internet banking, online bill payment, cash management, and remote deposit capture. Further, the company provides a range of products and services, including ACH transactions, remote deposit capture, wire transfers, direct deposit, traveler’s checks, safe deposit boxes, and United States savings bonds. As of April 29, 2014, it operated 28 full-service banking offices. First Security Group, Inc. was founded in 1999 and is headquartered in Chattanooga, Tennessee.

268 Employees
Last Reported Date: 02/3/15
Founded in 1999

first security group inc/tn (FSGI) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $500.3K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $348.2K
Chief Technology & Operations Officer, Execut...
Total Annual Compensation: $209.3K
Chief Credit Officer, Executive Vice Presiden...
Total Annual Compensation: $388.4K
Compensation as of Fiscal Year 2013.

first security group inc/tn (FSGI) Key Developments

First Security Group, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended Dec. 31, 2014

First Security Group, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended Dec. 31, 2014. For the quarter, the company reported total interest income of $9,072,000 compared to $8,149,000 a year ago. Net interest income was $7,944,000 compared to $6,478,000 a year ago. Income before income tax provision was $1,053,000 compared to loss before income tax provision of $529,000 a year ago. Net income available to common shareholders was $922,000 or $0.01 per basic and diluted share compared to net loss available to common shareholders of $648,000 or $0.01 per basic and diluted share a year ago. Return on average assets was 0.36% against negative return on average assets of 0.26% reported last year. Return on average common equity was 4.13% against negative return on average common equity of 3.08% reported last year. Book value per common share as at Dec. 31, 2014 was $1.35 against $1.26 as at Dec. 31, 2014. For the year, the company reported total interest income of $35,891,000 compared to $31,914,000 a year ago. Net interest income was $30,901,000 compared to $23,370,000 a year ago. Income before income tax provision was $2,943,000 compared to loss before income tax provision of $12,972,000 a year ago. Net income available to common shareholders was $2,417,000 or $0.04 per basic and diluted share compared to $11,349,000 or $0.24 per basic and diluted share a year ago. Return on average assets was 0.24% against 1.09% reported last year. Return on average common equity was 2.79% against 18.49% reported last year.

First Security Group, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Net Charge Offs for the Third Quarter of 2014

First Security Group, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net interest income of USD 8.487 million compared to USD 6.165 million a year ago. Net interest income after credit for loan and lease losses was USD 8.476 million compared to USD 7.797 million a year ago. Income before income tax provision was USD 1.059 million compared to loss before income tax provision of USD 1.108 million a year ago. Net income was USD 0.927 million compared to net loss of USD 1.430 million a year ago. Net income available to common shareholders were USD 0.927 million compared to net loss available to common shareholders of USD 1.430 million a year ago. Basic and diluted net income per common share was USD 0.01 compared to basic and diluted net loss per common share of USD 0.02 a year ago. Return on average assets was 0.36% compared to negative return on average assets of 0.56% a year ago. Return on average common equity was 4.23% compared to negative return on average common equity of 7.21% a year ago. For the nine months, the company reported net interest income of USD 22.957 million compared to USD 16.893 million a year ago. Net interest income after credit for loan and lease losses was USD 24.188 million compared to USD 18.673 million a year ago. Income before income tax provision was USD 1.890 million compared to loss before income tax provision of USD 12.444 million a year ago. Net income was USD 1.495 million compared to net loss of USD 12.802 million a year ago. Net income available to common shareholders were USD 1.495 million compared to USD 11.996 million a year ago. Basic and diluted net income per common share was USD 0.02 compared to USD 0.30 a year ago. As of September 30, 2014, book value per share increased to USD 1.32 per share compared to USD 1.30 per share as of June 30, 2014 and USD 1.26 per share as of December 31, 2013. Return on average assets was 0.20% compared to 1.52% a year ago. Return on average common equity was 2.32% compared to 29.77% a year ago. For the quarter the company reported net charge offs of USD 0.664 million.

First Security Group, Inc. Reports Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

First Security Group, Inc. reported consolidated unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total interest income of $8,843,000 compared to $7,785,000 a year ago. Net interest income was $7,545,000 compared to $5,486,000 a year ago. Income before income tax provision (benefit) was $744,000 compared with loss before income tax provision (benefit) of $4,076,000 for the same period last year. Net income available to common stockholders was $613,000 or $0.01 per share basic and diluted compared with $21,328,000 or $0.39 per share basic and diluted for the same period last year. Return on average assets was 0.24% against 7.97% a year ago. Return on average common equity was 2.86% against 95.78% a year ago. For the six months, the company reported total interest income of $17,172,000 compared to $15,594,000 a year ago. Net interest income was $14,470,000 compared to $10,726,000 a year ago. Income before income tax provision (benefit) was $831,000 compared with loss before income tax provision (benefit) of $11,336,000 for the same period last year. Net income available to common stockholders was $568,000 or $0.01 per share basic and diluted compared with $13,426,000 or $0.47 per share basic and diluted for the same period last year. Return on average assets was 0.06% against 1.26% a year ago. Return on average common equity was 0.67% against 23.61% a year ago. Book value per common share was $1.30 against $1.39 a year ago.

 

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FSGI:US $2.29 USD +0.04

FSGI Competitors

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Company Last Change
First Citizens Bancshares Inc/TN $47.00 USD 0.00
Middleburg Financial Corp $18.25 USD 0.00
National Bankshares Inc $28.26 USD -0.37
Peoples Bancorp of North Carolina Inc $18.49 USD -0.0195
First Bancorp Inc/ME $16.41 USD -0.02
View Industry Companies
 

Industry Analysis

FSGI

Industry Average

Valuation FSGI Industry Range
Price/Earnings 61.3x
Price/Sales 3.3x
Price/Book 1.6x
Price/Cash Flow 62.2x
TEV/Sales 0.8x
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