secwatch.observer — SEC 8-K summary
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Issuer:     First Guaranty Bancshares, Inc. (FGBI)
CIK:        0001408534
Form:       8-K
Filed at:   2024-05-10T23:59:59+00:00
Accession:  0001408534-24-000048
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1408534/000140853424000048/0001408534-24-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1408534/000140853424000048/fgbi-20240510.htm
  HTML page:      https://secwatch.observer/filing/0001408534-24-000048

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