---
schema_version: "secwatch.filing_event.v1"
accession: "0001408534-23-000033"
form_type: "8-K"
ticker: "FGBI"
cik: "0001408534"
company_name: "First Guaranty Bancshares, Inc."
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T12:18:58.881926+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001408534-23-000033
- form_type: 8-K
- ticker: FGBI
- cik: 0001408534
- company_name: First Guaranty Bancshares, Inc.
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1408534/000140853423000033/0001408534-23-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1408534/000140853423000033/fgbi-20230426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001408534-23-000033
- JSON: https://secwatch.observer/filing/0001408534-23-000033.json
- Plain text: https://secwatch.observer/filing/0001408534-23-000033.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1408534/000140853423000033/0001408534-23-000033-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.