First Guaranty Bancshares (FGBI) Q4 2025 earnings summary

Executive summary

• Net income for Q4 2025 was $2.5M, up $1.5M from Q4 2024; full-year 2025 net loss was $(56.0)M vs. $12.4M income in 2024, driven by large credit losses and charge-offs.

• Nonperforming assets reduced by $31.7M in Q4 2025 and further by $7.0M in January 2026 through OREO property sales.

• Risk-weighted capital ratio improved 114 bps to 13.48% at year-end 2025.

• Major charge-offs included $43.4M against commercial leases to an auto parts manufacturer; remaining exposure is $5.7M, classified as nonaccrual.

• Total assets grew to $4.1B, loans decreased 23.2% to $2.1B, and deposits increased 4.5% to $3.6B year-over-year.

Financial highlights

• Q4 2025 EPS was $0.12 vs. $0.03 in Q4 2024; full-year 2025 EPS was $(4.17) vs. $0.81 in 2024.

• Net interest income for Q4 2025 was $20.2M, down from $22.6M in Q4 2024; full-year net interest income was $86.9M, slightly down from $88.4M in 2024.

• Provision for credit losses surged to $81.7M in 2025 from $20.0M in 2024.

• Allowance for credit losses rose to 1.97% of total loans at year-end 2025 from 1.29% a year earlier.

• Book value per share dropped to $12.23 from $17.75; tangible book value per share fell to $12.08 from $16.48.

Outlook and guidance

• Management continues to focus on reducing balance sheet risk, improving earnings, and growing capital.

• Forward-looking statements caution about risks and uncertainties, referencing risk factors in SEC filings.