Company: FGBI
Filing Date: 2025-08-18
Form Type: 8-K/A
Source: 0001408534-25-000069
Chunk: 2

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-08-18
Form: 8-K/A
Chunk 2
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 Press Release reports First Guaranty’s allowance for credit losses as 2.44% of total loans as of June 30, 2025.

The Original Press Release previously reported that total assets decreased $1.6 million and were $4.0 billion at June 30, 2025 compared to December 31, 2024. The Revised Press Release reports a decrease in total assets of $3.1 million as of June 30, 2025. Additionally, the Original Press Release reported retained earnings of $59.6 million and shareholder’s equity of $264.6 million at June 30, 2025; the Revised Press Release reports retained earnings of $58.1 million and shareholders’ equity of $263.1 million at June 30, 2025.

In the Original Press Release, net (loss) income for the three months ended June 30, 2025 and 2024 was reported as $(5.8) million and $7.2 million respectively, a decrease of $13.0 million. The Revised Press Release reports net (loss) income for the three months ended June 30, 2025 and 2024 as $(7.3) million and $7.2 million respectively, a decrease of $14.5 million. For the six months ended June 30, 2025 and 2024, the Original Press Release reported net (loss) income as $(12.0) million and $9.5 million, respectively, a decrease of $21.5 million. The Revised Press Release reports net (loss) income for the six months ended June 30, 2025 and 2024 as $(13.5) million and $9.5 million, respectively, a decrease of $23.0 million.

The Original Press Release reported (loss) earnings per common share as $(0.50) and $0.53 for the three months ended June 30, 2025 and 2024, respectively. The Revised Press Release reports (loss) earnings per common share as $(0.61) and $0.53 for the three months ended June 30, 2025 and 2024, respectively. For the six months ended June 30, 2025 and 2024, the Original Press Release reported loss (earnings) per common share as $(1.04) and $0.67, respectively. The Revised Press Release reports loss (earnings) per common share as $(