First Guaranty Bancshares posts Q3 net loss of $45.0M on $47.9M credit provision

First Guaranty Bancshares, Inc.

EPS loss of $3.01 vs. income of $0.11 in Q3 2024; net loss $45.0M vs. income $1.9M.
$39.8M of the $47.9M provision tied to a single auto parts manufacturer bankruptcy.
Goodwill impairment charge of $12.9M non-cash; allowance for credit losses rose to 3.76% from 1.29%.
Total loans declined to $2.3B from $2.8B at year-end 2024; book value per share $12.25, down from $17.86.
Risk-weighted capital ratio improved to 12.34% from 11.66% a year ago; FTE count down to 339 from 404.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.