secwatch.observer — SEC 8-K summary
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Issuer:     First Guaranty Bancshares, Inc. (FGBI)
CIK:        0001408534
Form:       8-K
Filed at:   2025-04-29T23:59:59+00:00
Accession:  0001408534-25-000033
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1408534/000140853425000033/0001408534-25-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1408534/000140853425000033/fgbi-20250429.htm
  HTML page:      https://secwatch.observer/filing/0001408534-25-000033

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