First Guaranty Bancshares | 8-K: FY2025 Q3 Revenue: USD 55.36 M

Revenue: As of FY2025 Q3, the actual value is USD 55.36 M.

EPS: As of FY2025 Q3, the actual value is USD -3.01.

EBIT: As of FY2025 Q3, the actual value is USD -76.25 M.

Net Income

• Net loss for the three months ended September 30, 2025, was - $45.0 million, compared to a net income of $1.9 million for the same period in 2024, a decrease of $46.9 million.
• Net loss for the nine months ended September 30, 2025, was - $58.5 million, compared to a net income of $11.4 million for the same period in 2024, a decrease of $69.9 million.

Provision for Credit Losses

• The provision for credit losses for the three months ended September 30, 2025, was $47.9 million, compared to $4.9 million for the same period in 2024.
• The provision for credit losses for the nine months ended September 30, 2025, was $79.1 million, compared to $14.0 million for the same period in 2024.

Goodwill Impairment

• A one-time non-cash impairment charge to goodwill of $12.9 million was recognized, which did not impact regulatory capital ratios.

Total Assets and Loans

• Total assets decreased by $175.4 million to $3.8 billion as of September 30, 2025, compared to December 31, 2024.
• Total loans were $2.3 billion, a decrease of $414.0 million, or 15.4%, compared with December 31, 2024.

Deposits

• Total deposits were $3.4 billion at September 30, 2025, a decrease of $121.4 million, or 3.5%, compared with December 31, 2024.

Shareholders’ Equity

• Shareholders’ equity was $221.1 million at September 30, 2025, compared to $255.0 million at December 31, 2024.

Earnings Per Share

• Loss per common share was - $3.01 for the three months ended September 30, 2025, compared to earnings of $0.11 for the same period in 2024.
• Loss per common share was - $4.45 for the nine months ended September 30, 2025, compared to earnings of $0.78 for the same period in 2024.

Allowance for Credit Losses

• The allowance for credit losses was 3.76% of total loans at September 30, 2025, compared to 1.29% at December 31, 2024.

Net Interest Income

• Net interest income for the three months ended September 30, 2025, was $22.2 million, compared to $22.7 million for the same period in 2024.
• Net interest income for the nine months ended September 30, 2025, was $66.7 million, compared to $65.9 million for the same period in 2024.

Charge-offs

• Charge-offs were $21.3 million during the three months ended September 30, 2025, compared to $2.6 million during the same period in 2024.
• Charge-offs for the nine months ended September 30, 2025, were $29.4 million, compared to $13.7 million during the same period in 2024.

Outlook / Guidance

• First Guaranty anticipates further clarification of its position in the fourth quarter of 2025 and plans to retain a high level of reserve against commercial lease credits.
• The company has made significant progress in reducing risk in its balance sheet and increasing capital ratios, with a risk-weighted capital ratio of 12.34% as of September 30, 2025.