{"schema_version":"secwatch.filing_event.v1","accession":"0001408534-24-000067","form_type":"8-K","ticker":"FGBI","cik":"0001408534","company_name":"First Guaranty Bancshares, Inc.","filed_at":"2024-07-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:12.944618+00:00","generated_at":"2026-05-31T17:57:53.067619+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"First Guaranty cuts dividend to $0.08, reports $36.9M nonaccrual loan, 15% staff reduction","bullets":["Net income $7.2M vs $2.7M YoY (EPS $0.53) boosted by $13.2M pre-tax gain from branch sale-leaseback.","Nonaccrual loans surge to $62.3M from $25.2M; one $36.9M CRE relationship drives increase.","Provision for credit losses jumps to $6.8M from $0.5M; Q2 charge-offs total $8.8M.","Board plans $0.08 quarterly dividend for Q3/Q4 2024, down from $0.16 per share maintained in Q2.","71 positions eliminated (15% workforce); expects $12M annual pre-tax cost savings starting Q4 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001408534-24-000067","json":"https://secwatch.observer/filing/0001408534-24-000067.json","markdown":"https://secwatch.observer/filing/0001408534-24-000067.md","text":"https://secwatch.observer/filing/0001408534-24-000067.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1408534/000140853424000067/0001408534-24-000067-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1408534/000140853424000067/fgbi-20240723.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T17:57:53.067619+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}