secwatch.observer — SEC 8-K summary
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Issuer:     First Guaranty Bancshares, Inc. (FGBI)
CIK:        0001408534
Form:       8-K
Filed at:   2024-02-09T23:59:59+00:00
Accession:  0001408534-24-000012
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1408534/000140853424000012/0001408534-24-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1408534/000140853424000012/fgbi-20240209.htm
  HTML page:      https://secwatch.observer/filing/0001408534-24-000012

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