secwatch.observer — SEC 8-K summary
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Issuer:     First Guaranty Bancshares, Inc. (FGBI)
CIK:        0001408534
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001408534-24-000087
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Guaranty Bancshares Q3 net income $1.93M, EPS $0.11; dividend cut to $0.08
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- Q3 2024 net income $1.927M ($0.11 per common share) vs $1.772M ($0.10) a year ago.
- Net interest income $22.698M; provision for credit losses surged to $4.904M from $0.627M.
- Quarterly cash dividend cut to $0.08 per share from $0.16 in Q3 2023.
- YTD net income $11.438M ($0.78 EPS) vs $7.916M ($0.56); book value per common share $17.86.
- Total assets $3.924B, up 15% YoY; loans $2.770B, deposits $3.430B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1408534/000140853424000087/0001408534-24-000087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1408534/000140853424000087/fgbi-20241030.htm
  HTML page:      https://secwatch.observer/filing/0001408534-24-000087

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