---
schema_version: "secwatch.filing_event.v1"
accession: "0001408534-24-000048"
form_type: "8-K"
ticker: "FGBI"
cik: "0001408534"
company_name: "First Guaranty Bancshares, Inc."
filed_at: "2024-05-10T23:59:59+00:00"
generated_at: "2026-06-02T03:30:36.753092+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001408534-24-000048
- form_type: 8-K
- ticker: FGBI
- cik: 0001408534
- company_name: First Guaranty Bancshares, Inc.
- filed_at: 2024-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1408534/000140853424000048/0001408534-24-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1408534/000140853424000048/fgbi-20240510.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001408534-24-000048
- JSON: https://secwatch.observer/filing/0001408534-24-000048.json
- Plain text: https://secwatch.observer/filing/0001408534-24-000048.txt

## Key facts
- Earnings Releases
  First Guaranty Bancshares, Inc. reported financial results for First Quarter 2024.
  - Period: First Quarter 2024
  - Result: reported results
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1408534/000140853424000048/0001408534-24-000048-index.htm

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