---
schema_version: "secwatch.filing_event.v1"
accession: "0001408534-24-000012"
form_type: "8-K"
ticker: "FGBI"
cik: "0001408534"
company_name: "First Guaranty Bancshares, Inc."
filed_at: "2024-02-09T23:59:59+00:00"
generated_at: "2026-06-06T04:46:03.889978+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001408534-24-000012
- form_type: 8-K
- ticker: FGBI
- cik: 0001408534
- company_name: First Guaranty Bancshares, Inc.
- filed_at: 2024-02-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1408534/000140853424000012/0001408534-24-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1408534/000140853424000012/fgbi-20240209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001408534-24-000012
- JSON: https://secwatch.observer/filing/0001408534-24-000012.json
- Plain text: https://secwatch.observer/filing/0001408534-24-000012.txt

## Key facts
- Earnings Releases
  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
  source text: On February 9, 2024 First Guaranty Bancshares, Inc. released its Fourth Quarter 2023 Report to shareholders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1408534/000140853424000012/0001408534-24-000012-index.htm

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