secwatch.observer — SEC 8-K summary
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Issuer:     First Guaranty Bancshares, Inc. (FGBI)
CIK:        0001408534
Form:       8-K
Filed at:   2026-01-28T23:59:59+00:00
Accession:  0001408534-26-000003
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Guaranty reports Q4 net income $2.5M; FY2025 net loss $56M on $43.4M charge-offs
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- Q4 EPS $0.12 vs $0.03 YoY; FY2025 EPS ($4.17) vs $0.81; FY net loss $56.0M (FY2024 net income $12.4M).
- Total loans fell 23.2% to $2.1B; provision for credit losses $81.7M for FY2025 vs $20.0M in FY2024.
- Nonaccrual loans decreased $48.9M to $59.6M; OREO surged to $35.1M from $0.3M, including $23.3M independent living center foreclosure.
- CEO cited progress: nonperforming assets reduced $31.7M in Q4; risk-weighted capital ratio improved 114bps to 13.48%.
- Dividend maintained at $0.01 per common share; tangible book value per share fell to $12.08 from $16.48.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1408534/000140853426000003/0001408534-26-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1408534/000140853426000003/fgbi-20260128.htm
  HTML page:      https://secwatch.observer/filing/0001408534-26-000003

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