{"schema_version":"secwatch.filing_event.v1","accession":"0001408534-25-000084","form_type":"8-K","ticker":"FGBI","cik":"0001408534","company_name":"First Guaranty Bancshares, Inc.","filed_at":"2025-10-31T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.329855+00:00","generated_at":"2026-05-17T01:05:20.413737+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.95,"calibrated_materiality_score":0.95,"confidence":"high","headline":"First Guaranty Bancshares Q3 2025 net loss $45M on $47.9M credit provision and $12.9M goodwill impairment","bullets":["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%."],"urls":{"canonical":"https://secwatch.observer/filing/0001408534-25-000084","json":"https://secwatch.observer/filing/0001408534-25-000084.json","markdown":"https://secwatch.observer/filing/0001408534-25-000084.md","text":"https://secwatch.observer/filing/0001408534-25-000084.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1408534/000140853425000084/0001408534-25-000084-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1408534/000140853425000084/fgbi-20251031.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T01:05:20.413737+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}