secwatch.observer — SEC 8-K summary
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Issuer:     First Guaranty Bancshares, Inc. (FGBI)
CIK:        0001408534
Form:       8-K/A
Filed at:   2025-08-18T23:59:59+00:00
Accession:  0001408534-25-000069
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Guaranty revises Q2 net loss to $7.3M; ups credit provision to $16.6M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1408534/000140853425000069/0001408534-25-000069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1408534/000140853425000069/fgbi-20250731.htm
  HTML page:      https://secwatch.observer/filing/0001408534-25-000069

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