First Guaranty Bancshares Q4 net income falls 75% to $1.3M; full-year EPS $0.62 vs $2.48

First Guaranty Bancshares, Inc.

Q4 2023 net income of $1.3M (diluted EPS $0.06), down 75% from $5.1M ($0.42) in Q4 2022.
Full-year 2023 net income $9.2M ($0.62 EPS), down 68% from $28.9M ($2.48) in 2022.
Net interest income fell to $84.7M from $100.0M; interest expense jumped to $98.3M from $36.5M on higher deposit costs.
Total assets $3.55B, loans $2.75B, deposits $3.01B; book value per share declined to $17.36 from $18.84.

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 0.7

First Guaranty Bancshares, Inc. reported the fiscal year ended December 31, 2023 results: net income 9,219, EPS $0.62.

Period: the fiscal year ended December 31, 2023
Net income: 9,219
EPS: $0.62
Result: reported results

Exact text from the filing

On February 9, 2024 First Guaranty Bancshares, Inc. released its Fourth Quarter 2023 Report to shareholders.

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Source: SEC EDGAR

accession 0001408534-24-000012

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