First Guaranty Bancshares Q3 2025 net loss $45M on $47.9M credit provision and $12.9M goodwill impairment

First Guaranty Bancshares, Inc.

Net loss of $45.0M vs. net income of $1.9M in Q3 2024; EPS loss of $(3.01) vs. $0.11.
Provision for credit losses surged to $47.9M, including $39.8M related to one commercial lease relationship tied to a bankrupt auto parts manufacturer.
Goodwill impairment charge of $12.9M due to stock price below book value and higher credit provisions; no impact on regulatory capital.
Total loans fell $414M (15.4%) to $2.3B; deposits down $121.4M to $3.4B vs. Dec 31, 2024.
Dividend cut to $0.01 per common share (from $0.08) to preserve capital; CEO cites proactive reserving and improved risk-based capital ratio of 12.34%.

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