First Guaranty Q1 net income drops 54% to $3.5M; EPS $0.27 vs $0.65

First Guaranty Bancshares, Inc.

Net income $3.47M, down 54% from $7.59M YoY; diluted EPS $0.27 vs $0.65.
Total assets $3.24B (+11% YoY); deposits $2.86B (+9%); net loans $2.54B.
Net interest income fell 11% to $22.3M as deposit costs surged to $19.0M.
Acquisition of Lone Star Bank in Houston remains pending regulatory approval.
Dividend held at $0.16/share; 119th consecutive quarterly cash dividend.

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 first quarter 2023 results: net income $3,468,000, EPS $0.27.

Period: first quarter 2023
Net income: $3,468,000
EPS: $0.27
Result: reported results

Exact text from the filing

Net Income 3,468 7,585 Less: Preferred stock dividends 582 582 Income Available to Common Shareholders $2,886 $7,003 Per Common Share: Earnings $0.27 $0.65

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First Guaranty Bancshares, Inc. filing history →

Source: SEC EDGAR

accession 0001408534-23-000033

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