First Guaranty Bancshares Q3 net income sinks 78% to $1.8M; EPS $0.10 vs $0.70 YoY

First Guaranty Bancshares, Inc.

Q3 2023 net income $1.772M vs $8.053M in Q3 2022; diluted EPS $0.10 vs $0.70.
Net interest income fell to $20.445M from $25.449M YoY as deposit costs increased to $27.182M from $9.801M.
Loan portfolio grew to $2.70B at Sep 30, 2023 from $2.53B at Dec 31, 2022; allowance for credit losses $31.9M.
Nine-month net income $7.916M vs $23.763M; EPS $0.56 vs $2.05; return on average common equity 4.06% vs 15.29%.
Dividend maintained at $0.16 per share for Q3, consistent with prior year; book value per share $18.00 vs $18.51.

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 financial results for Third Quarter 2023.

Period: Third Quarter 2023
Result: reported results

Exact text from the filing

On October 31, 2023 First Guaranty Bancshares, Inc. released its Third Quarter 2023 Report to shareholders.

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First Guaranty Bancshares, Inc. filing history →

Source: SEC EDGAR

accession 0001408534-23-000091

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