First Guaranty Bancshares Q4 net income $5.1M, EPS $0.42; full-year EPS $2.48

First Guaranty Bancshares, Inc.

Q4 net income $5.1M ($0.42 EPS) vs $8.0M ($0.70 EPS) in Q4 2021; full-year net income $28.9M ($2.48 EPS) vs $27.3M ($2.42 EPS).
Total assets grew 9% to $3.15B; loan portfolio increased 17% to $2.52B YoY.
Texas capital ratio improved to 4.48% from 6.63% (lower is better); net interest margin faced pressure from rate hikes.
Cash dividends paid $0.16 per common share in Q4, unchanged; 118 consecutive quarterly dividends.
CEO Alton Lewis expects stronger 2023 earnings citing higher portfolio yield and ongoing Houston market expansion.

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 Fourth Quarter 2022 results: net income $5.1 Million.

Period: Fourth Quarter 2022
Net income: $5.1 Million
Result: reported results

Exact text from the filing

and First Guaranty Bank 2022 4th Quarter Report fgb.net | Locations 36 ATMs 48 $5.1 Million 4Q 2022 Earnings $28.9 Million YTD2022 Earnings 118 Consecutive dividends paid and counting 88 Years in Banking Total Loans $2.5 Billion Member FDIC NASDAQ Symbol: FGBI Have Questions? Vanessa Drew | InvestorRelations@fgb.net We’re Social: Chairman Marshall T.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

First Guaranty Bancshares, Inc. reported the year ended December 31, 2022 results: net income $28.9 Million, EPS $2.48.

Period: the year ended December 31, 2022
Net income: $28.9 Million
EPS: $2.48
Result: reported results

Exact text from the filing

and First Guaranty Bank 2022 4th Quarter Report fgb.net | Locations 36 ATMs 48 $5.1 Million 4Q 2022 Earnings $28.9 Million YTD2022 Earnings 118 Consecutive dividends paid and counting 88 Years in Banking Total Loans $2.5 Billion Member FDIC NASDAQ Symbol: FGBI Have Questions? Vanessa Drew | InvestorRelations@fgb.net We’re Social: Chairman Marshall T.

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Source: SEC EDGAR

accession 0001408534-23-000010

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