First Guaranty Bancshares, Inc. Q3 2025 Financial Results

First Guaranty Bancshares, Inc. reported its financial results for the third quarter and nine months ended September 30, 2025. The company experienced a net loss of $45.0 million for the quarter, compared to a net income of $1.9 million in the same period last year. This loss was primarily driven by a $47.9 million provision for credit losses, including $39.8 million related to a commercial lease with an auto parts manufacturer that declared bankruptcy. Additionally, the company recorded a $12.9 million goodwill impairment charge. Despite these challenges, net interest income remained stable at $22.2 million for the quarter. The company also highlighted its efforts to reduce risk and improve capital ratios, with a risk-weighted capital ratio of 12.34% as of September 30, 2025.