First Guaranty Bancshares, Inc. (FGBI) Earnings History

First Guaranty Bancshares, Inc. - Q4 FY2025 EarningsBeat

Filed at: Feb 20, 2026, 4:30 PM EST|Read from source

EXECUTIVE SUMMARY

First Guaranty Bancshares reported a return to profitability in Q4 2025 after a challenging year, driven by a reduction in nonperforming assets and an increase in capital ratios. The company is executing a strategy to reduce balance sheet risk and improve earnings.

POSITIVE HIGHLIGHTS

  • •

    Net income available to common shareholders was $1.868 million in Q4 2025, a significant improvement from the prior year quarter's $0.428 million.

    positive
  • •

    Risk-weighted capital ratio improved to 13.48% at December 31, 2025, up from 12.34% at September 30, 2025.

    positive
  • •

    Total deposits increased by $156.6 million, or 4.5%, to $3.6 billion compared to December 31, 2024, enhancing balance sheet liquidity.

    positive
  • •

    Nonperforming assets were reduced by $30.8 million from September 30, 2025, to $95.5 million at December 31, 2025.

    positive

CONCERNS & RISKS

  • •

    Full-year 2025 net loss of $56.0 million, compared to a net income of $12.4 million in 2024, primarily driven by losses in the loan portfolio.

    negative
  • •

    Provision for credit losses for the full year 2025 was $81.7 million, a substantial increase from $20.0 million in 2024.

    negative
  • •

    Loan charge-offs were $47.8 million in Q4 2025 and $77.2 million for the full year 2025.

    negative
  • •

    Total loans decreased by $624.0 million, or 23.2%, to $2.1 billion at December 31, 2025, compared to December 31, 2024, as part of a risk reduction strategy.

    attention
  • •

    Goodwill impairment of $12.9 million recognized in 2025.

    negative
  • •

    Full-year 2025 earnings per common share was a loss of $4.17, compared to earnings of $0.81 in 2024.

    negative

FINANCIAL METRICS

Revenue
Quarterly
$19.71M
+3.4%
Prior year: $19.06M
Annual (YTD)
$13.69M
N/A
Prior year: $93.14M
Net Income
Quarterly
$2.45M
+142.6%
Prior year: $1.01M
Annual (YTD)
$-56.02M
N/A
Prior year: $12.45M
EPS (Diluted)
Quarterly
$0.12
+300.0%
Prior year: $0.03
Operating Income
Quarterly
N/A
N/A
EPS (Basic)
Quarterly
N/A
N/A

MARGIN ANALYSIS

Net Margin
Current Quarter
12.4%
Prior Year
5.3%
YoY Change
+713 bps

Margin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.

SPECIAL ITEMS & ADJUSTMENTS

FY2025
Goodwill Impairment
+$12.9M

Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.

MANAGEMENT COMMENTARY

First Guaranty made strong progress in the fourth quarter of 2025.

— First Guaranty Bancshares, Inc., Q4 FY2025 2025 Earnings Call

We reduced nonperforming assets by $30.8 million from $126.3 million at September 30, 2025 to $95.5 million at December 31, 2025.

— First Guaranty Bancshares, Inc., Q4 FY2025 2025 Earnings Call

First Guaranty generated positive earnings to our common shareholders of $1.9 million in the fourth quarter of 2025. This is an improvement as we previously recorded losses for the prior three quarters of 2025.

— First Guaranty Bancshares, Inc., Q4 FY2025 2025 Earnings Call

Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.

OPERATIONAL METRICS

Nonperforming Assets
95.5
-24.4% YoY
Prior year: 126.3
million
OREO Property Sale
7
million

Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.