Mon, May 12, 8:36 PM (37 days ago)
**First Guaranty Bancshares, Inc. (FGBI) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $54.5M (up 2.9% YoY) - **Net Income:** $(6.2)M (down $8.5M YoY) - **EPS:** $(0.54) (down $0.68 YoY) - **ROA:** (0.63)% (down 0.9% YoY) - **ROE:** (12.29)% (down 15.46% YoY) - **Net Interest Margin:** 2.35% (down 23 bps YoY) - **Allowance for Credit Losses:** $43.0M (up $8.2M YoY) **Balance Sheet:** - **Total Assets:** $3.8B (down 3.6% QoQ) - **Total Loans:** $2.5B (down 6.7% QoQ) - **Total Deposits:** $3.3B (down 3.9% QoQ) - **Shareholders' Equity:** $251.4M (down 1.4% QoQ) **Key Ratios:** - **Non-Performing Loans:** 5.32% of total loans (up 0.86% QoQ) - **Allowance for Credit Losses / Non-Performing Loans:** 32.25% (up 0.17% QoQ) - **Net Charge-Offs / Average Loans:** 1.03% (up 0.39% QoY) **Trends & Uncertainties:** - Strategic reduction in loan portfolio, particularly commercial real estate loans. - Increased provision for credit losses due to loan sales and portfolio changes. - Continued focus on managing interest rate risk and liquidity. - Regulatory scrutiny on commercial real estate loans. **Future Operations Impact:** - Continued reduction in commercial real estate loans. - Focus on improving net interest margin and earnings. - Emphasis on personalized commercial banking services and localized decision-making. **Notable Events:** - Sale of two commercial real estate loans totaling $70.0M, resulting in a $5.8M loss. - Increase in nonaccrual loans due to credit deterioration in specific loans. - Closure and consolidation of three branches in Louisiana. **Management Discussion:** - First Guaranty continues to prioritize risk reduction in the loan portfolio. - The bank is focusing on improving its net interest margin and earnings. - Management is committed to maintaining adequate liquidity and capital levels. **Ticker:** FGBI