earnings
confidence high
sentiment negative
materiality 0.80
First Guaranty revises Q2 net loss to $7.3M; ups credit provision to $16.6M
First Guaranty Bancshares, Inc.
- Net loss of $7.3M vs. previously reported $5.8M; EPS loss of $0.61 vs. $0.50.
- Provision for credit losses increased to $16.6M from $14.7M; ACL now 2.44% of loans.
- Net loss for H1 2025 is $13.5M vs. $9.5M profit in H1 2024; EPS loss $1.15 vs. $0.67 profit.
- Nonaccrual loans $119.2M at June 30, 2025, up $10.7M from Dec 31, 2024; largest 6 relationships comprise 75%.
- Book value per share fell to $15.21 from $17.75; dividend cut to $0.01 from $0.16.
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