First Guaranty Q2 2023 interest income up 35% YoY; net income exceeds $2M after FDIC charge

First Guaranty Bancshares, Inc.

Interest income of $43.8M for Q2 2023 vs $32.5M in Q2 2022 (+35%).
Net income for Q2 over $2 million, after $450k FDIC deposit insurance assessment.
Interest expense stabilized at $22.9M for the quarter.
Six-month interest income $85.1M vs $63.0M for prior year period.
CEO highlights focus on controlling non-interest expense and expanding margin.

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 0.8

First Guaranty Bancshares, Inc. reported financial results for the quarter ending June 30, 2023.

Period: the quarter ending June 30, 2023
Result: reported results

Exact text from the filing

On August 8, 2023, First Guaranty Bancshares, Inc. issued a press release reporting its financial results at and for the three months and six months ended June 30, 2023.

View on SEC.gov

Browse all earnings releases →

First Guaranty Bancshares, Inc. filing history →

Source: SEC EDGAR

accession 0001408534-23-000065

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.