---
schema_version: "secwatch.filing_event.v1"
accession: "0001408534-25-000038"
form_type: "8-K"
ticker: "FGBI"
cik: "0001408534"
company_name: "First Guaranty Bancshares, Inc."
filed_at: "2025-05-12T23:59:59+00:00"
generated_at: "2026-05-21T23:18:31.823942+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# First Guaranty Bancshares reports Q1 net loss of $6.7M; credit provision surges, dividend slashed

## Summary
- Net loss to common shareholders of $6.7M ($0.54 per share) vs. $1.7M profit ($0.14) in Q1 2024.
- Provision for credit losses surged to $14.5M from $2.3M; $70M loan sale added $5.8M loss to allowance.
- Net interest income rose to $22.2M; business revenue after provision fell to $10.0M from $21.9M.
- Non-interest expense cut to $18.0M; FTE employees reduced to 382 from 495 in June 2024.
- Total risk-based capital improved to 12.74%; dividend slashed to $0.01 per share from $0.16.

## SEC filing metadata
- accession: 0001408534-25-000038
- form_type: 8-K
- ticker: FGBI
- cik: 0001408534
- company_name: First Guaranty Bancshares, Inc.
- filed_at: 2025-05-12T23:59:59+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/1408534/000140853425000038/0001408534-25-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1408534/000140853425000038/fgbi-20250512.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001408534-25-000038
- JSON: https://secwatch.observer/filing/0001408534-25-000038.json
- Plain text: https://secwatch.observer/filing/0001408534-25-000038.txt

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