secwatch.observer — SEC 8-K summary
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Issuer:     First Guaranty Bancshares, Inc. (FGBI)
CIK:        0001408534
Form:       8-K
Filed at:   2025-08-01T23:59:59+00:00
Accession:  0001408534-25-000063
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FGBI posts $5.8M Q2 net loss; provision for credit losses surges to $14.7M
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- Net loss of $5.8M ($0.50 per share) vs net income of $7.2M ($0.53) in Q2 2024.
- Provision for credit losses was $14.7M, up from $6.8M a year ago; allowance at 2.36% of loans.
- Nonaccrual loans $119.2M at June 30; largest 6 relationships comprise 75% of NPAs.
- Loan portfolio shrunk 10.5% YTD to $2.41B as part of CRE de-risking strategy.
- Dividend cut to $0.01/share from $0.16; book value fell to $15.31 from $17.75.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1408534/000140853425000063/0001408534-25-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1408534/000140853425000063/fgbi-20250731.htm
  HTML page:      https://secwatch.observer/filing/0001408534-25-000063

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