First Guaranty Bancshares Q1 net income $2.31M, EPS $0.14; CEO cites recovery trend

First Guaranty Bancshares, Inc.

Net income of $2.31M (EPS $0.14) vs $3.47M ($0.27) in Q1 2023; available to common $1.73M.
Total assets $3.56B, deposits $3.06B, loans $2.75B; net interest income $21.9M.
March net income $916K vs $904K in Feb; salaries expense down 6.9% YoY to $3.06M.
Book value per share $17.37; quarterly dividend $0.16 per common share, unchanged.
CEO states recovery from Fed rate squeeze continues; expects further earnings growth.

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 0.9

First Guaranty Bancshares, Inc. reported financial results for First Quarter 2024.

Period: First Quarter 2024
Result: reported results

Exact text from the filing

On May 10, 2024 First Guaranty Bancshares, Inc. released its First Quarter 2024 Report to shareholders. The Press Release is enclosed as Exhibit 99.1 to this report.

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First Guaranty Bancshares, Inc. filing history →

Source: SEC EDGAR

accession 0001408534-24-000048

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