secwatch.observer — SEC 8-K summary
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Issuer:     First Guaranty Bancshares, Inc. (FGBI)
CIK:        0001408534
Form:       8-K
Filed at:   2023-02-01T23:59:59+00:00
Accession:  0001408534-23-000010
Event type: earnings
Sentiment:  positive
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1408534/000140853423000010/0001408534-23-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1408534/000140853423000010/fgbi-20230201.htm
  HTML page:      https://secwatch.observer/filing/0001408534-23-000010

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer