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Last $2.40 USD
Change Today -0.02 / -0.83%
Volume 34.9K
FSGI On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 05/26/15 All times are local (Market data is delayed by at least 15 minutes).

first security group inc/tn (FSGI) Snapshot

Open
$2.38
Previous Close
$2.42
Day High
$2.42
Day Low
$2.38
52 Week High
03/26/15 - $2.57
52 Week Low
08/20/14 - $1.90
Market Cap
160.3M
Average Volume 10 Days
294.4K
EPS TTM
$0.04
Shares Outstanding
66.8M
EX-Date
02/26/10
P/E TM
60.0x
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, credit lines for working capital, and short-term seasonal or inventory financing, as well as letters of credit that are secured by collateral other than real estate. 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, brokerage, and estate planning services; and mortgage banking and electronic banking services, such as Internet banking, online bill payment, cash management, ACH originations, and remote deposit capture, as well as wire transfers, direct deposit, traveler’s checks, safe deposit boxes, and United States savings bonds. As of March 25, 2015, it operated 26 full-service banking offices. First Security Group, Inc. was founded in 1999 and is headquartered in Chattanooga, Tennessee.

262 Employees
Last Reported Date: 05/8/15
Founded in 1999

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

Chief Executive Officer, President, Director,...
Total Annual Compensation: $317.4K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $194.7K
Chief Technology & Operations Officer, Execut...
Total Annual Compensation: $176.0K
Chief Credit Officer, Executive Vice Presiden...
Total Annual Compensation: $235.1K
Compensation as of Fiscal Year 2014.

first security group inc/tn (FSGI) Key Developments

First Security Group, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Net Charge-Offs for the First Quarter Ended March 31, 2015

First Security Group, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the period, the company reported total interest income of $9.393 million compared to $8.329 million for the same period last year. Net interest income was $8.332 million compared to $6.925 million for the same period last year. Income before income tax provision was $0.685 million compared with $0.087 million for the same period last year. Net income was $0.54 million compared with of $0.045 million for the same period last year. Book value per share increased to $1.36 per share compared to $1.35 per share as of December 31, 2014 and $1.27 per share as of march 31, 2014. Return on average assets was 0.20% compared with negative return on average assets of 0.02% for the same period last year. Return on average common equity was 2.38% compared with negative return on average common equity of 0.21% for the same period last year. The company recorded net charge-offs of $561,000 compared with $228,000 for the same period last year.

Atlantic Capital Bancshares and First Security Group, Inc. Announces Executive Changes Foe the Combined Entity

Atlantic Capital Bancshares, Inc. and First Security Group, Inc. jointly announced the signing of a definitive merger agreement pursuant to which Atlantic Capital will acquire First Security. The transaction has been unanimously approved by the boards of directors of each company. Douglas L. Williams, Chief Executive Officer of Atlantic Capital, will be CEO of the combined entity, with D. Michael Kramer, Chief Executive Officer of First Security, serving as President and Chief Operating Officer. Both will serve on the board of directors, which will be chaired by the current Atlantic Capital Chairman Walter M. Deriso, Jr.

Atlantic Capital Bancshares, Inc., First Security Group, Inc. - M&A Call

To discuss definitive merger agreement pursuant to which Atlantic Capital Bancshares, Inc. will acquire First Security Group, Inc

 

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FSGI Competitors

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Middleburg Financial Corp $18.41 USD -0.4799
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Industry Analysis

FSGI

Industry Average

Valuation FSGI Industry Range
Price/Earnings 53.9x
Price/Sales 3.5x
Price/Book 1.8x
Price/Cash Flow 53.9x
TEV/Sales 2.2x
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