secwatch.observer — SEC 8-K summary
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Issuer:     First Guaranty Bancshares, Inc. (FGBI)
CIK:        0001408534
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0001408534-23-000033
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1408534/000140853423000033/0001408534-23-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1408534/000140853423000033/fgbi-20230426.htm
  HTML page:      https://secwatch.observer/filing/0001408534-23-000033

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