Company: FGBI
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001408534-25-000036
Chunk: 2

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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ancy and equipment expense2,640 2,271 Other6,936 6,763 Total Noninterest Expense18,017 18,934 (Loss) Income Before Income Taxes(7,988)2,991 Less: (Benefit) provision for income taxes(1,822)681 Net (Loss) Income(6,166)2,310 Less: Preferred stock dividends582 582 Net (Loss) Income Available to Common Shareholders$(6,748)$1,728 Per Common Share: (Loss) Earnings$(0.54)$0.14 Cash dividends paid$0.01 $0.16 Weighted Average Common Shares Outstanding12,506,792 12,489,910 See Notes to Consolidated Financial Statements

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FIRST GUARANTY BANCSHARES, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited)

 Three Months EndedMarch 31,(in thousands)20252024Net (Loss) Income$(6,166)$2,310 Other comprehensive income:Unrealized (losses) gains on securities:Unrealized holding gains arising during the period2,137 795 Reclassification adjustments for (gains) losses included in net income— — Change in unrealized gains on securities2,137 795 Tax impact(449)(167)Other comprehensive income1,688 628 Comprehensive (Loss) Income$(4,478)$2,938 See Notes to Consolidated Financial Statements

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FIRST GUARANTY BANCSHARES, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (unaudited) 

 Preferred Stock $1,000 ParCommon Stock$1 ParSurplusRetainedEarningsAccumulatedOther ComprehensiveIncome/(Loss)Total(in thousands, except per share data)     Balance December 31, 2023$33,058 $12,475 $149,085 $67,972 $(12,959)$249,631 Net income— — — 2,310 — 2,310 Common Stock issued under Equity Bonus Plan, 29,293 shares— 30 304 — — 334 Other comprehensive income (loss)— — — —