secwatch.observer — SEC 8-K summary
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Issuer:     First Guaranty Bancshares, Inc. (FGBI)
CIK:        0001408534
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0001408534-23-000091
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1408534/000140853423000091/0001408534-23-000091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1408534/000140853423000091/fgbi-20231031.htm
  HTML page:      https://secwatch.observer/filing/0001408534-23-000091

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