secwatch.observer — SEC 8-K summary
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Issuer:     First Guaranty Bancshares, Inc. (FGBI)
CIK:        0001408534
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001408534-26-000037
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Guaranty Bancshares posts Q1 net income of $2.7M vs. loss of $6.2M YoY
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- Net income $2.7M, EPS $0.14; compares to net loss of $6.2M, loss per share of $0.54 in Q1 2025.
- Nonperforming assets reduced $12.0M to $83.5M; bank risk-weighted capital ratio improved to 14.71% from 13.48%.
- Provision for credit losses $2.6M, sharply down from $14.5M a year ago; loan charge-offs $5.4M in Q1 2026.
- Total loans decreased 7.0% to $1.9B; deposits down 3.5% to $3.5B as part of balance sheet de-risking.
- Book value per common share fell to $11.91 from $17.21 due to large increase in shares outstanding (16.0M vs 12.7M).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1408534/000140853426000037/0001408534-26-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1408534/000140853426000037/fgbi-20260507.htm
  HTML page:      https://secwatch.observer/filing/0001408534-26-000037

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