secwatch.observer — SEC 8-K summary
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Issuer:     First Guaranty Bancshares, Inc. (FGBI)
CIK:        0001408534
Form:       8-K
Filed at:   2024-08-09T23:59:59+00:00
Accession:  0001408534-24-000070
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Guaranty Bancshares Q2 net income $7.2M, EPS $0.53 vs $0.19 YoY; gain on asset sale boosts results
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1408534/000140853424000070/0001408534-24-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1408534/000140853424000070/fgbi-20240809.htm
  HTML page:      https://secwatch.observer/filing/0001408534-24-000070

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