---
schema_version: "secwatch.filing_event.v1"
accession: "0001408534-25-000006"
form_type: "8-K"
ticker: "FGBI"
cik: "0001408534"
company_name: "First Guaranty Bancshares, Inc."
filed_at: "2025-01-30T23:59:59+00:00"
generated_at: "2026-05-27T05:13:44.015734+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# FGBI Q4 net income down 22.5% YoY; nonaccrual loans surge to $108.5M

## Summary
- Q4 net income $1.0M ($0.03 EPS) vs $1.3M ($0.06 EPS) in Q4 2023.
- Nonaccrual loans jumped to $108.5M at Dec 31, vs $25.2M a year earlier; largest 6 relationships comprise 76% of nonperformers.
- Provision for credit losses was $6.0M in Q4 vs $2.2M a year ago; full-year charge-offs $18.6M vs $6.0M.
- Net interest margin narrowed to 2.32% in Q4 from 2.53% a year ago; loan balances declined $54.9M YoY.
- Quarterly common dividend cut to $0.01 from $0.16 in Q4 2023; assets grew to $4.0B.

## SEC filing metadata
- accession: 0001408534-25-000006
- form_type: 8-K
- ticker: FGBI
- cik: 0001408534
- company_name: First Guaranty Bancshares, Inc.
- filed_at: 2025-01-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1408534/000140853425000006/0001408534-25-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1408534/000140853425000006/fgbi-20250130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001408534-25-000006
- JSON: https://secwatch.observer/filing/0001408534-25-000006.json
- Plain text: https://secwatch.observer/filing/0001408534-25-000006.txt

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