First Guaranty Bancshrs Pref Share FGBIP 6.75 04/22/26 | 10-Q: FY2025 Q3 Revenue: USD 55.36 M

Revenue: As of FY2025 Q3, the actual value is USD 55.36 M.

EPS: As of FY2025 Q3, the actual value is USD -3.01.

EBIT: As of FY2025 Q3, the actual value is USD -76.25 M.

Segment Revenue

• Interest Income: Total interest income for the three months ended September 30, 2025 was $53.5 million, compared to $57.4 million for the same period in 2024. For the nine months ended September 30, 2025, total interest income was $162.3 million, compared to $164.0 million for the same period in 2024.

Operational Metrics

• Net Income: Net loss for the three months ended September 30, 2025 was -$45.0 million, compared to a net income of $1.9 million for the same period in 2024. For the nine months ended September 30, 2025, net loss was -$58.5 million, compared to a net income of $11.4 million for the same period in 2024.
• Provision for Credit Losses: The provision for credit losses for the three months ended September 30, 2025 was $47.9 million, compared to $4.9 million for the same period in 2024. For the nine months ended September 30, 2025, the provision was $79.1 million, compared to $14.0 million for the same period in 2024.
• Charge-offs: Charge-offs were $21.3 million during the three months ended September 30, 2025, compared to $2.6 million during the same period in 2024. Charge-offs for the nine months ended September 30, 2025 were $29.4 million, compared to $13.7 million during the same period in 2024.

Cash Flow

• Net Cash Provided By Operating Activities: Net cash provided by operating activities for the nine months ended September 30, 2025 was $16.5 million, compared to $14.7 million for the same period in 2024.

Unique Metrics

• Nonaccrual Loans: Nonaccrual loans increased $5.7 million to $114.3 million at September 30, 2025 compared to $108.5 million at December 31, 2024.

Future Outlook and Strategy

• Core Business Focus: First Guaranty has adopted a change in its business plan focusing on reducing risk in the balance sheet, including risk associated with the loan portfolio. This strategy includes reducing loan originations, charging off loan balances, and conducting select loan sales.
• Non-Core Business: First Guaranty plans to sell properties transferred to other real estate owned, including a land development project under contract to be sold in the fourth quarter of 2025.