First Security Group, Inc
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
First Security Group, Inc - overview
Established
1999
Location
Chattanooga, TN, US
Primary Industry
Financial Services
About
First Security Group, Inc is a financial institution based in Chattanooga, US, offering a range of banking services designed to meet the diverse needs of individuals and businesses. First Security Group, Inc operates as a financial services provider specializing in banking solutions. Founded in 1999 and headquartered in Chattanooga, US, the company has undergone strategic developments over the years. In March 2015, Atlantic Capital Bancshares, Inc.
acquired First Security Group, Inc for USD 160 mn, with the deal closing in November 2015. The CEO of the company is Mike Kramer. First Security Group, Inc provides a variety of banking services tailored for personal and business needs, focusing on customer engagement and financial stability. Their offerings include savings and checking accounts, loans, and investment services, catering to the financial requirements of their clientele across different segments.
In the most recent fiscal year of 2014, First Security Group, Inc reported a revenue of USD 35. 26 mn, with an EBITDA of USD 5. 81 mn. First Security Group, Inc plans to enhance its product offerings with upcoming initiatives aimed at launching new banking services by mid-2016.
The company is also targeting expansion into emerging markets within the Southeastern US, aiming to establish a stronger presence in this region by the end of 2016. The recent funding round of USD 160 mn from Atlantic Capital Bancshares, Inc. will be utilized to support these growth strategies and facilitate the development of new financial products.
Current Investors
Atlantic Capital Bancshares, Inc.
Primary Industry
Financial Services
Sub Industries
Investment Banking
Website
www.fsgbank.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
First Security Group, Inc - financials
| Fiscal Year Ended | Dec 31, 2005 | Dec 31, 2006 | Dec 31, 2007 | Dec 31, 2008 | Dec 31, 2009 | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 44,662,000 | 52,825,000 | 54,121,000 | 50,511,000 | 46,851,000 | 38,593,000 | 30,901,000 | - | - | - |
| % Revenue Growth (YoY) | - | 18.3% | 2.5% | (6.7%) | (7.2%) | (17.6%) | (19.9%) | - | - | - |
| EBITDA (USD) | 14,468,000 | 20,812,000 | 20,394,000 | 4,053,000 | (38,247,000) | (31,773,000) | (19,602,000) | - | - | - |
| Operating Income (USD) | 10,993,000 | 16,398,000 | 16,626,000 | 774,000 | (41,002,000) | (34,663,000) | (22,669,000) | - | - | - |
| Operating Margin | 24.6% | 31.0% | 30.7% | 1.5% | (87.5%) | (89.8%) | (73.4%) | - | - | - |
| % EBITDA Margin | 32.4% | 39.4% | 37.7% | 8.0% | (81.6%) | (82.3%) | (63.4%) | - | - | - |
| NET Income (USD) | 9,571,000 | 11,112,000 | 11,356,000 | 1,361,000 | (33,020,000) | (44,342,000) | (23,061,000) | - | - | - |
| % Net Margin | 21.4% | 21.0% | 21.0% | 2.7% | (70.5%) | (114.9%) | (74.6%) | - | - | - |
First Security Group, Inc - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | First Security Group, Inc | - |
Displaying 1 - 1 of 1
First Security Group, Inc - employee data
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.