secwatch.observer — SEC 8-K summary
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Issuer:     First Guaranty Bancshares, Inc. (FGBI)
CIK:        0001408534
Form:       8-K
Filed at:   2025-10-31T23:59:59+00:00
Accession:  0001408534-25-000084
Event type: earnings
Sentiment:  negative
Materiality: 0.95
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1408534/000140853425000084/0001408534-25-000084-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1408534/000140853425000084/fgbi-20251031.htm
  HTML page:      https://secwatch.observer/filing/0001408534-25-000084

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