---
schema_version: "secwatch.filing_event.v1"
accession: "0001408534-23-000091"
form_type: "8-K"
ticker: "FGBI"
cik: "0001408534"
company_name: "First Guaranty Bancshares, Inc."
filed_at: "2023-10-31T23:59:59+00:00"
generated_at: "2026-06-09T04:25:58.535558+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001408534-23-000091
- form_type: 8-K
- ticker: FGBI
- cik: 0001408534
- company_name: First Guaranty Bancshares, Inc.
- filed_at: 2023-10-31T23:59:59+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/1408534/000140853423000091/0001408534-23-000091-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1408534/000140853423000091/fgbi-20231031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001408534-23-000091
- JSON: https://secwatch.observer/filing/0001408534-23-000091.json
- Plain text: https://secwatch.observer/filing/0001408534-23-000091.txt

## Key facts
- Earnings Releases
  First Guaranty Bancshares, Inc. reported financial results for Third Quarter 2023.
  - Period: Third Quarter 2023
  - Result: reported results
  source text: On October 31, 2023 First Guaranty Bancshares, Inc. released its Third Quarter 2023 Report to shareholders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1408534/000140853423000091/0001408534-23-000091-index.htm

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