Q1 net loss $6.2M; CRE loan sale $70M; nonaccrual loans surge to $133M; dividend cut to $0.01

First Guaranty Bancshares, Inc.

Net loss of $6.2M vs net income of $2.3M YoY; diluted EPS $(0.54) vs $0.14.
Sold two CRE loans totaling $70M, realized $5.8M loss; credit provision $14.5M (up from $2.3M).
Nonaccrual loans rose $24.9M to $133.4M; allowance for credit losses 1.71% vs 1.29%.
Loan balances declined 6.7% to $2.51B; deposits down $136.8M to $3.3B; assets $3.8B.
Common dividend reduced to $0.01 per share from $0.16; retained earnings fell to $66.1M.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.