First Guaranty Bancshares, Inc.
For the period ended Sep 30, 2025. Filed Nov 17, 2025.
View on SEC.govAbout 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.
Sep 30, 2025 · Filed Nov 17, 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 exhibitsContents
Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)
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| Nine Months Ended September 30, | ||
|---|---|---|
| (in thousands) | 2025 | 2024 |
| Cash Flows From Operating Activities | ||
| Net (loss) income | $(58,472) | $11,438 |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||
| Provision for credit losses | 79,091 | 14,013 |
| Goodwill impairment | 12,900 | — |
| Depreciation and amortization | 3,257 | 3,227 |
| Change in right of use asset | 379 | 155 |
| Amortization/Accretion of investments | (2,686) | 13 |
| (Gain) loss on sale/call of securities | — | — |
| Loss (gain) on sale of assets | 362 | (14,725) |
| Repossessed asset write downs, gains and losses on dispositions | 24 | 383 |
| Interest expense paid-in-kind | 1,595 | — |
| FHLB stock dividends | (373) | (561) |
| Change in operating lease liabilities | (352) | (146) |
| Change in other assets and liabilities, net | (19,228) | 952 |
| Net Cash Provided By Operating Activities | 16,497 | 14,749 |
| Cash Flows From Investing Activities | ||
| Proceeds from maturities, calls and sales of AFS securities | 184,045 | 52,211 |
| Funds invested in certificates of deposit | — | (250) |
| Funds invested in AFS securities | (269,682) | (309,922) |
| Funds invested in Federal Home Loan Bank stock | — | (4,265) |
| Proceeds from sale/redemption of Federal Home Loan Bank stock | — | 8,724 |
| Net decrease (increase) in loans | 377,772 | (34,324) |
| Purchase of premises and equipment | (1,169) | (2,754) |
| Proceeds from sales of premises and equipment | 1,238 | 14,901 |
| Proceeds from sales of other real estate owned | 142 | 318 |
| Net Cash Provided By (Used In) Investing Activities | 292,346 | (275,361) |
| Cash Flows From Financing Activities | ||
| Net (decrease) increase in deposits | (121,363) | 420,831 |
| Net increase (decrease) in federal funds purchased and short-term borrowings | 108 | (59,316) |
| Repayment of long-term borrowings | (1,008) | (43,023) |
| Proceeds from subordinated debentures | — | 29,700 |
| Proceeds from issuance of common stock | 5,546 | 334 |
| Dividends paid on preferred stock | (1,746) | (1,747) |
| Dividends paid on common stock | (405) | (5,001) |
| Net Cash (Used In) Provided By Financing Activities | (118,868) | 341,778 |
| Net Increase In Cash and Cash Equivalents | 189,975 | 81,166 |
| Cash and Cash Equivalents at the Beginning of the Period | 564,208 | 286,455 |
| Cash and Cash Equivalents at the End of the Period | $754,183 | $367,621 |
| Noncash Activities: | ||
| Acquisition of real estate in settlement of loans | $7,568 | $423 |
| Premises transferred to other real estate owned | $4,352 | $— |
| Common stock issued for debt conversion | $15,000 | $— |
| Common stock issued for payment-in-kind | $1,595 | $— |
| Cash Paid During The Period: | ||
| Interest on deposits and borrowed funds | $99,687 | $92,182 |
| Federal income taxes | $4,100 | $— |
| State income taxes | $— | $— |
See Notes to the Consolidated Financial Statements.
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