First Guaranty Bancshares Q4 2022: assets up 9%, loans up 17%, yield improves 65 bps

First Guaranty Bancshares, Inc.

Total assets $3.15B, up 9% year-over-year; loan portfolio $2.52B, up 17%.
Texas capital ratio improved to 4.48% from 6.63% year-over-year (lower is better).
Yield on earning assets for Q4 2022 was 5.77%, up 65 bps from Q4 2021 adjusted yield.
Net earnings increased by approximately $1.6M year-over-year, though interest expense constrained growth.
Company paid its 118th consecutive quarterly dividend; entering Houston, Texas market.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

First Guaranty Bancshares, Inc. reported financial results for the three months and year ended December 31, 2022.

Period: the three months and year ended December 31, 2022
Result: reported results

Exact text from the filing

On January 31, 2023 , First Guaranty Bancshares, Inc. issued a press release reporting its financial results at and for the three months and year ended December 31, 2022.

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First Guaranty Bancshares, Inc. filing history →

Source: SEC EDGAR

accession 0001408534-23-000008

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