---
schema_version: "secwatch.filing_event.v1"
accession: "0001408534-25-000033"
form_type: "8-K"
ticker: "FGBI"
cik: "0001408534"
company_name: "First Guaranty Bancshares, Inc."
filed_at: "2025-04-29T23:59:59+00:00"
generated_at: "2026-05-23T03:39:37.269478+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001408534-25-000033
- form_type: 8-K
- ticker: FGBI
- cik: 0001408534
- company_name: First Guaranty Bancshares, Inc.
- filed_at: 2025-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1408534/000140853425000033/0001408534-25-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1408534/000140853425000033/fgbi-20250429.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001408534-25-000033
- JSON: https://secwatch.observer/filing/0001408534-25-000033.json
- Plain text: https://secwatch.observer/filing/0001408534-25-000033.txt

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