Welcome to our dedicated page for First Gty Bancsh SEC filings (Ticker: FGBIP), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
First Guaranty Bancshares, Inc. filings document the bank holding company's public reporting for First Guaranty Bank and for FGBIP, the Nasdaq-listed depositary shares representing 1/40th interests in its 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock. The 8-K record includes operating-result releases, shareholder reports, preferred-stock distribution notices and material-event disclosures.
The filings also describe capital-structure items across common stock and noncumulative preferred stock, material agreements involving bank properties and lease terminations, exhibits to earnings releases, and governance information for the Louisiana corporation and its wholly owned bank subsidiary.
Robert W. Walker, a director of First Guaranty Bancshares, Inc. (ticker FGBI), reported an open-market purchase of 3,750 shares of the issuer's common stock on 08/28/2025 at a weighted average price of $7.97 per share. After the transaction Mr. Walker beneficially owned 31,276 shares. The Form 4 shows no derivative transactions and includes an explanatory note that the trade executed in multiple trades at prices ranging from $7.96 to $7.98; the form is signed and dated 08/29/2025.
Robert W. Walker, a director of First Guaranty Bancshares, Inc. (ticker FGBI), reported two open-market purchases of the issuer's common stock. On 08/26/2025 he reported an acquisition (code "L") of 94 shares at a price shown as $7.87. On 08/27/2025 he reported a purchase (code "P") of 3,800 shares at a weighted average price of $8.05, bringing his total beneficial ownership to 27,526 shares, held directly. The filer states the 08/27/2025 transaction was executed in multiple trades at prices ranging from $7.95 to $8.05 and that the reported $8.05 reflects the weighted average sale price. The Form 4 is signed by Robert W. Walker on 08/28/2025.
Robert W. Walker, a director of First Guaranty Bancshares, Inc. (FGBI), reported three non-derivative purchases of the issuer's common stock in August 2025. On 08/07/2025 he acquired 700 shares at an average price of $8.06. On 08/08/2025 he acquired 232 shares at $8.07. On 08/25/2025 he acquired 4,700 shares at a weighted average price of $7.84, executed in multiple trades priced between $7.83 and $7.84. Following these reported transactions, Mr. Walker beneficially owned 23,632 shares of common stock. The Form 4 is signed and dated 08/27/2025. The filing lists the reporting person's address in Hammond, LA, and indicates the filer is a director filing individually.
First Guaranty Bancshares, Inc. declared a quarterly cash dividend of $0.01 per share on its outstanding common stock. Shareholders of record as of September 23, 2025 are expected to receive the payment on September 30, 2025. The company notes this represents its 129th consecutive quarterly dividend to common shareholders, underscoring a long-running pattern of regular cash returns to equity holders.
First Guaranty Bancshares, Inc. filed a current report to inform investors that it has released its Second Quarter 2025 Report to shareholders. The company states that the report is being shared through a press release dated August 25, 2025, which is attached as Exhibit 99.1 and captioned "Second Quarter 2025 Report." This update is presented under the section covering results of operations and financial condition, indicating that the detailed quarterly financial results and discussion are contained in the accompanying exhibit rather than in the body of this report.
First Guaranty Bancshares reported a net loss of $(7.3) million for the quarter and $(13.5) million for the six months ended June 30, 2025, driven primarily by a substantially higher provision for credit losses totaling $16.6 million for the quarter and $31.2 million year-to-date (including a subsequent $1.9 million additional provision). The allowance for credit losses rose to $58.9 million, or 2.44% of loans.
The company continued shrinking loan exposure as part of a risk-reduction strategy: total loans fell to $2.41 billion and total assets were $4.0 billion. Investment securities increased to $719.7 million. Shareholders' equity rose to $263.1 million largely from conversion of subordinated debt and private placement common stock, while retained earnings declined to $58.1 million. Management disclosed a material weakness in internal controls over loan operations and remediation steps are underway.
First Guaranty Bancshares, Inc. filed an amended current report to replace its earlier quarterly earnings press release for the period ended June 30, 2025. The revised figures reflect higher provisions and balances for credit losses, which reduce previously reported profitability and equity.
The provision for credit losses for the second quarter of 2025 is raised from $14.7 million to $16.6 million, and the allowance for credit losses at June 30, 2025 increases from $57.0 million to $58.9 million, or from 2.36% to 2.44% of total loans. Net loss for the quarter is revised from $(5.8) million to $(7.3) million, with loss per common share changing from $(0.50) to $(0.61). For the first half of 2025, net loss is revised from $(12.0) million to $(13.5) million, and loss per share from $(1.04) to $(1.15).
The company now reports a decrease in total assets of $3.1 million as of June 30, 2025, lower retained earnings of $58.1 million, shareholders’ equity of $263.1 million, and a slightly lower book value per common share of $15.21. Measures of profitability also decline, with return on average assets for the quarter revised to (0.75)% and return on average common equity to (14.33)%. A revised press release dated August 18, 2025 is furnished as Exhibit 99.1.
First Guaranty Bancshares, Inc. notified the SEC that it cannot timely file its Quarterly Report for the period ended June 30, 2025 because it is evaluating information about an event that occurred after quarter end. The company says it is determining whether that information will materially affect financial statements and therefore cannot file without unreasonable effort. The filing indicates all other required periodic reports for the prior 12 months have been filed and the company does not anticipate a significant change in results.
Key take-aways from Schedule 13D/A Amendment No. 6 (filed 15 July 2025)
Director Edgar R. Smith III and six affiliated Louisiana LLCs completed a 30 June 2025 private placement/debt-for-equity exchange with First Guaranty Bancshares, Inc. (symbol FGBIP). The group purchased or exchanged for an additional block of common shares, lifting its aggregate beneficial ownership to 4,819,677 shares, or 31.88 % of the 15,120,172 shares outstanding.
Ownership breakdown
- Edgar R. Smith III – 2,852,467 shares (18.9 %; sole voting/dispositive power)
- Smith & Hood Holding Co. – 1,062,817 shares (7.03 %; shared power)
- Smith & Hood Investments – 340,637 shares (2.25 %; shared power)
- Big 4 Investments – 340,344 shares (2.25 %; sole power)
- Other affiliated LLCs – 223,412 shares (≈1.6 %)
Transaction details: consideration included (i) cash from Mr. Smith, (ii) exchange of subordinated debt held by Smith & Tate, and (iii) acceptance of stock in lieu of accrued interest. No new contracts, pledges or legal proceedings were disclosed.
Intent: Shares are held for investment; the group may buy or sell additional stock. No plans for mergers, asset sales or other change-of-control actions were announced, although Mr. Smith’s board seat affords influence over strategy.
Implications: The equity infusion should bolster the bank’s tangible common equity, while the expanded float creates modest dilution. With nearly one-third of shares, the Smith group remains the controlling shareholder, a potential governance consideration for minority investors.