First Guaranty Bancshares, Inc.
For the period ended Sep 30, 2025. Filed Nov 17, 2025.
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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 Income
CONSOLIDATED STATEMENTS OF INCOME (unaudited)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| (in thousands, except share data) | 2025 | 2024 | 2025 | 2024 |
| Interest Income: | ||||
| Loans (including fees) | $39,325 | $49,811 | $123,307 | $144,281 |
| Deposits with other banks | 7,777 | 4,645 | 21,287 | 11,747 |
| Securities (including FHLB stock) | 6,398 | 2,971 | 17,690 | 7,958 |
| Total Interest Income | 53,500 | 57,427 | 162,284 | 163,986 |
| Interest Expense: | ||||
| Demand deposits | 13,185 | 16,957 | 38,097 | 50,992 |
| Savings deposits | 1,058 | 1,374 | 3,656 | 3,928 |
| Time deposits | 14,519 | 12,631 | 45,605 | 32,649 |
| Borrowings | 2,500 | 3,767 | 8,225 | 10,556 |
| Total Interest Expense | 31,262 | 34,729 | 95,583 | 98,125 |
| Net Interest Income | 22,238 | 22,698 | 66,701 | 65,861 |
| Less: Provision for credit losses | 47,933 | 4,904 | 79,091 | 14,013 |
| Net Interest Income (Loss) after Provision for Credit Losses | (25,695) | 17,794 | (12,390) | 51,848 |
| Noninterest Income: | ||||
| Service charges, commissions and fees | 832 | 815 | 2,515 | 2,343 |
| ATM and debit card fees | 741 | 784 | 2,266 | 2,352 |
| Net gains on securities | — | — | — | — |
| Net gains on sale of loans | — | 1,471 | — | 1,481 |
| Net (losses) gains on sale of assets | (366) | 31 | (362) | 13,244 |
| Other | 653 | 1,304 | 1,951 | 2,819 |
| Total Noninterest Income | 1,860 | 4,405 | 6,370 | 22,239 |
| Noninterest Expense: | ||||
| Salaries and employee benefits | 7,465 | 10,098 | 23,749 | 30,438 |
| Occupancy and equipment expense | 2,605 | 2,538 | 7,850 | 7,356 |
| Goodwill impairment | 12,900 | — | 12,900 | — |
| Other | 7,205 | 7,070 | 20,960 | 21,455 |
| Total Noninterest Expense | 30,175 | 19,706 | 65,459 | 59,249 |
| (Loss) Income Before Income Taxes | (54,010) | 2,493 | (71,479) | 14,838 |
| Less: (Benefit) provision for income taxes | (9,007) | 566 | (13,007) | 3,400 |
| Net (Loss) Income | (45,003) | 1,927 | (58,472) | 11,438 |
| Less: Preferred stock dividends | 582 | 582 | 1,746 | 1,747 |
| Net (Loss) Income Available to Common Shareholders | $(45,585) | $1,345 | $(60,218) | $9,691 |
| Per Common Share: | ||||
| (Loss) Earnings | $(3.01) | $0.11 | $(4.45) | $0.78 |
| Cash dividends paid | $0.01 | $0.08 | $0.03 | $0.40 |
| Weighted Average Common Shares Outstanding | 15,122,702 | 12,504,717 | 13,523,009 | 12,499,799 |
| See Notes to Consolidated Financial Statements | ||||
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