Company: FGBI
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001408534-25-000092
Chunk: 188

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 8
Chunk 188
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 This was partially offset by a decrease in the yield on interest-earning deposits of 65 basis points.

Nine months ended September 30, 2025 compared to the nine months ended September 30, 2024. Interest income decreased $1.7 million, or 1.0%, to $162.3 million for the nine months ended September 30, 2025 as compared to the prior year period. The decrease in interest income was attributable to a $317.3 million decrease in the average balance of loans, along with a 24 basis point decrease in yield of loans. The average balance of our total interest-earning assets, primarily associated with securities and interest-earning deposits with banks, increased, partially offset by the decrease in the average yield of interest-earning assets. The average balance of our interest-earning assets increased $312.8 million to $3.8 billion for the nine months ended September 30, 2025 as compared to the same period in the prior year. The average yield of interest-earning assets decreased by 57 basis points to 5.71% for the nine months ended September 30, 2025 compared to 6.28% for the nine months ended September 30, 2024.

Interest income on securities increased $9.7 million to $17.7 million for the nine months ended September 30, 2025 as compared to the prior year period primarily as a result of an increase in average balance and average yield of securities. The average balance of securities increased $287.9 million to $683.9 million for the nine months ended September 30, 2025 from $396.0 million for the nine months ended September 30, 2024 primarily due to a increase in the average balance of our mortgage-backed securities and collateralized mortgage obligations securities portfolio compared to the prior year. The average yield on securities increased 78 basis points to 3.46% for the nine months ended September 30, 2025 compared to 2.68% for the nine months ended September 30, 2024 due to the increase in higher yielding securities. 

Interest income on loans decreased $21.0 million or 14.5%, to $123.3 million for the nine months ended September 30, 2025 as compared to the prior year period as a result