First Guaranty SEC Filings

First Guaranty Bancshares, Inc. reported a sharp turnaround to losses for the quarter ended September 30, 2025, driven by heavy credit costs and a goodwill write-down. The company posted a quarterly net loss of $45.0 million, compared with net income of $1.9 million a year earlier, as the provision for credit losses surged to $47.9 million and it recorded a non-cash goodwill impairment of $12.9 million. For the first nine months of 2025, the net loss totaled $58.5 million, versus net income of $11.4 million in the prior-year period.

Total loans fell to $2.28 billion from $2.70 billion at year-end 2024, while the allowance for credit losses more than doubled to $85.7 million, reflecting rising nonaccrual loans and problem credits, particularly in commercial real estate and commercial leases. Shareholders’ equity declined to $221.1 million from $255.0 million, even after issuing new common shares via private placements, debt-for-equity exchange, and payment-in-kind interest, which increased common shares outstanding to 15.35 million as of October 31, 2025.

First Guaranty Bancshares, Inc. (FGBI) filed an 8-K announcing it released its Third Quarter 2025 Report to shareholders. The accompanying press release is included as Exhibit 99.1 captioned “Third Quarter 2025 Report.”

The company states that the information in Exhibit 99.1 is furnished under Item 2.02 (Results of Operations and Financial Condition) and will not be deemed “filed” for purposes of Section 18 of the Exchange Act, nor incorporated by reference under the Securities Act.

First Guaranty Bancshares (FGBI) filed a Form 12b-25 (NT 10‑Q), notifying a late filing of its Quarterly Report for the period ended September 30, 2025. The company cites the need to evaluate information about certain events that occurred in late September and were previously disclosed in its earnings release filed as Exhibit 99.1 to a Form 8‑K on October 31, 2025.

The company is revising financial information and disclosures for inclusion in the Form 10‑Q.

First Guaranty Bancshares, Inc. announced a quarterly cash dividend on its 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock, payable on December 1, 2025. Holders of depositary shares (FGBIP), each representing a 1/40th interest in a preferred share, will receive $0.421875 per Depositary Share, reflecting a $16.875 per preferred share dividend. The payment will be made to holders of record as of November 15, 2025, with the depositary distributing the dividend to those holders.

First Guaranty Bancshares, Inc. filed a Form D notifying a Regulation D exempt equity offering under Rule 506(b). The filing shows a $1,873,845 offering that has been fully sold, with total amount sold of $1,873,845 and zero remaining to be sold. The issuer reports 6 investors participated and the offering's minimum investment accepted was $0. The company indicates it is a Louisiana corporation existing for over five years and classifies its business as Commercial Banking. The offering is a new notice with a listed first sale of 2025-09-30 and the Form D was signed by Eric J. Dosch, Chief Financial Officer on 2025-10-10. The filing reports no sales commissions or finders' fees and $0 of proceeds used to pay named executives, directors, or promoters.

Marshall T. Reynolds, a director of First Guaranty Bancshares, Inc. (FGBI), reported acquiring 31,056 shares of the company's common stock at $8.05 per share on 09/30/2025. After the purchase, the filing shows 1,947,524 shares reported as beneficially owned directly by Mr. Reynolds. The filing also discloses indirect holdings through affiliates and related parties: 8,460 shares via Reynolds Capital Partners, 693 via Purple Cap, LLC, 49,806 via the M.T. Reynolds Irrevocable Trust, 49,909 reported by grandchildren, 6,655 via Champion Leasing Corp., and 624 via The Harrah & Reynolds Corp. The reporting person disclaims beneficial ownership of these indirect holdings except to the extent of his pecuniary interest.

Edgar R. Smith III, a director of First Guaranty Bancshares, Inc. (FGBI), reported transactions dated 09/30/2025. The filing shows an acquisition of 141,328 shares of common stock at $8.05 per share. Following that reported purchase the filing lists 328,270 shares beneficially owned indirectly by Smith & Tate Investments, LLC. The form also records a disposal of 2,852,467 shares and multiple indirect holdings across entities including MACSMITH LLC, Smith & Hood Investment, LLC, and others with specified amounts. An explanatory note states 110,272 shares were issued under amendments to a promissory note and a subordinated note filed as exhibits on June 9, 2025. The form is signed on 10/02/2025.

Eric Dosch, SVP and CFO of First Guaranty Bancshares, Inc. (FGBI / FGBIP), filed a Form 4 reporting multiple purchases of the issuer's common stock and depository shares between 09/04/2025 and 09/08/2025. Transactions show purchases executed at prices ranging from $8.50 to $8.74 per common share and $19.03 to $19.25 per depository share. Several acquisitions were reported as indirect holdings: shares held for his son and daughter as minors (EJD as custodian), in an IRA and Roth IRA, and in a trust; spouse holdings are also listed. The form also reports a disposition of 28,396 common shares. The form is signed by Eric Dosch on 09/22/2025.