secwatch.observer — SEC 8-K summary
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Issuer:     First Guaranty Bancshares, Inc. (FGBI)
CIK:        0001408534
Form:       8-K
Filed at:   2025-02-05T23:59:59+00:00
Accession:  0001408534-25-000009
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Guaranty Bancshares Q4 EPS drops 50% YoY; common dividend cut to $0.01
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- Q4 net income $1.01M ($0.03 common EPS) vs $1.30M ($0.06) a year ago; full year $12.45M ($0.81) vs $9.22M ($0.62).
- Provision for credit losses surged to $6.0M in Q4 (from $2.2M) and $20.0M full year (from $3.7M).
- Common dividend slashed to $0.01 per share in Q4 from $0.16; full year dividends $0.41 from $0.64.
- Total assets $3.97B, deposits $3.48B, loans $2.69B at Dec 31, 2024.
- Net interest income grew to $22.6M in Q4 ($21.0M prior year) despite higher interest expense.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1408534/000140853425000009/0001408534-25-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1408534/000140853425000009/fgbi-20250205.htm
  HTML page:      https://secwatch.observer/filing/0001408534-25-000009

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer