---
schema_version: "secwatch.filing_event.v1"
accession: "0001408534-24-000086"
form_type: "8-K"
ticker: "FGBI"
cik: "0001408534"
company_name: "First Guaranty Bancshares, Inc."
filed_at: "2024-10-30T23:59:59+00:00"
generated_at: "2026-05-30T08:10:25.130334+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# First Guaranty Bancshares Q3 net income up 8.7% to $1.9M; provision and nonaccruals surge

## Summary
- Q3 EPS $0.11 vs $0.10 YoY; net income $1.9M vs $1.8M. Nine-month EPS $0.78 vs $0.56, net income +44.5% to $11.4M.
- Provision for credit losses jumped to $4.9M in Q3 (vs $0.6M); YTD charge-offs $13.7M vs $2.0M. ACL to loans 1.20% (Dec 2023: 1.13%).
- Nonaccrual loans rose to $65.8M from $25.2M at Dec 2023, driven by a $37.0M commercial real estate relationship with a $4.1M specific reserve.
- Total assets up $371M to $3.9B; deposits increased 14% to $3.4B. Loan growth modest at 0.8%.
- Board declared $0.08 per share dividend; paid 125 consecutive quarterly dividends. Sale-leaseback gain of $13.2M pre-tax.

## SEC filing metadata
- accession: 0001408534-24-000086
- form_type: 8-K
- ticker: FGBI
- cik: 0001408534
- company_name: First Guaranty Bancshares, Inc.
- filed_at: 2024-10-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1408534/000140853424000086/0001408534-24-000086-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1408534/000140853424000086/fgbi-20241030.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001408534-24-000086
- JSON: https://secwatch.observer/filing/0001408534-24-000086.json
- Plain text: https://secwatch.observer/filing/0001408534-24-000086.txt

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