earnings
confidence high
sentiment positive
materiality 0.75
First Guaranty Bancshares Q2 net income $7.2M, EPS $0.53 vs $0.19 YoY; gain on asset sale boosts results
First Guaranty Bancshares, Inc.
- Q2 2024 net income $7.2M ($0.53 EPS) vs $2.7M ($0.19 EPS) in Q2 2023; YTD net income $9.5M.
- Net interest income $21.2M, up 1.6% YoY; provision for credit losses surged to $6.8M from $0.5M.
- Noninterest income $15.5M including $13.2M gain on sale of assets vs $2.8M in prior-year quarter.
- Total assets $3.6B, deposits $3.0B; book value per common share $17.76 vs $18.00 a year ago.
- Quarterly cash dividend maintained at $0.16/share; 124 consecutive dividends paid.