secwatch.observer — SEC 8-K summary
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Issuer:     First Guaranty Bancshares, Inc. (FGBI)
CIK:        0001408534
Form:       8-K
Filed at:   2025-08-25T23:59:59+00:00
Accession:  0001408534-25-000073
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FGBI reports Q2 2025 net loss of $7.3M vs $7.2M net income in Q2 2024
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- EPS of $(0.61) per common share, down from $0.53 in Q2 2024; six-month EPS $(1.15) vs $0.67.
- Net interest income $22.2M, up $1.0M YoY; provision for credit losses surged to $16.6M from $6.8M.
- Total loans declined to $2.41B from $2.51B in Q1 2025; allowance for credit losses increased to 2.44% of loans.
- Non-performing assets reduced by $6.8M in Q2; $8.8M non-accrual loan sold in July 2025; 30-89 day delinquencies at 0.33%.
- Cash dividend cut to $0.01 per common share in Q2 2025 vs $0.16 in Q2 2024; annual savings target of ~$13.4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1408534/000140853425000073/0001408534-25-000073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1408534/000140853425000073/fgbi-20250825.htm
  HTML page:      https://secwatch.observer/filing/0001408534-25-000073

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