First Guaranty Bancshares, Inc.

For the period ended Jun 30, 2025. Filed Aug 18, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Aug 18, 2025

FGBI$12.99+5.4%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Statements of Income

CONSOLIDATED STATEMENTS OF INCOME (unaudited)

	Three Months Ended June 30,		Six Months Ended June 30,
(in thousands, except share data)	2025	2024	2025	2024
Interest Income:
Loans (including fees)	$41,013	$47,552	$83,982	$94,470
Deposits with other banks	7,511	3,626	13,510	7,102
Securities (including FHLB stock)	5,797	2,473	11,292	4,987
Total Interest Income	54,321	53,651	108,784	106,559
Interest Expense:
Demand deposits	12,708	17,059	24,912	34,035
Savings deposits	1,336	1,327	2,598	2,554
Time deposits	15,196	10,446	31,086	20,018
Borrowings	2,841	3,577	5,725	6,789
Total Interest Expense	32,081	32,409	64,321	63,396
Net Interest Income	22,240	21,242	44,463	43,163
Less: Provision for credit losses	16,610	6,805	31,158	9,109
Net Interest Income after Provision for Credit Losses	5,630	14,437	13,305	34,054
Noninterest Income:
Service charges, commissions and fees	834	795	1,683	1,528
ATM and debit card fees	778	804	1,525	1,568
Net gains on securities	—	—	—	—
Net gains on sale of loans	—	10	—	10
Net gains on sale of assets	—	13,207	4	13,213
Other	544	710	1,298	1,515
Total Noninterest Income	2,156	15,526	4,510	17,834
Noninterest Expense:
Salaries and employee benefits	7,843	10,440	16,284	20,340
Occupancy and equipment expense	2,605	2,547	5,245	4,818
Other	6,819	7,622	13,755	14,385
Total Noninterest Expense	17,267	20,609	35,284	39,543
(Loss) Income Before Income Taxes	(9,481)	9,354	(17,469)	12,345
Less: (Benefit) provision for income taxes	(2,178)	2,153	(4,000)	2,834
Net (Loss) Income	(7,303)	7,201	(13,469)	9,511
Less: Preferred stock dividends	582	582	1,164	1,164
Net (Loss) Income Available to Common Shareholders	$(7,885)	$6,619	$(14,633)	$8,347
Per Common Share:
(Loss) Earnings	$(0.61)	$0.53	$(1.15)	$0.67
Cash dividends paid	$0.01	$0.16	$0.02	$0.32
Weighted Average Common Shares Outstanding	12,910,785	12,504,717	12,709,905	12,497,313
See Notes to Consolidated Financial Statements

-5-

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.