secwatch.observer — SEC 8-K summary
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Issuer:     First Guaranty Bancshares, Inc. (FGBI)
CIK:        0001408534
Form:       8-K
Filed at:   2025-11-14T23:59:59+00:00
Accession:  0001408534-25-000090
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1408534/000140853425000090/0001408534-25-000090-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1408534/000140853425000090/fgbi-20251114.htm
  HTML page:      https://secwatch.observer/filing/0001408534-25-000090

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer