First Guaranty Bancshares, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 08, 2023 at 09:06 am EDT
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First Guaranty Bancshares, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 20.91 million compared to USD 26.31 million a year ago. Net income was USD 2.68 million compared to USD 8.12 million a year ago. Basic earnings per share from continuing operations was USD 0.19 compared to USD 0.7 a year ago.
For the six months, net interest income was USD 43.21 million compared to USD 51.29 million a year ago. Net income was USD 6.14 million compared to USD 15.71 million a year ago. Basic earnings per share from continuing operations was USD 0.46 compared to USD 1.36 a year ago.
First Guaranty Bancshares, Inc. is the holding company for First Guaranty Bank (the Bank). The Bank offers a range of financial services and focuses on building client relationships and providing customer service. The Bank operates about 36 locations throughout Louisiana, Texas, Kentucky, and West Virginia. The Banks principal business consists of attracting deposits from the general public and local municipalities in its market areas and then investing those deposits. The Bank also generates funds from operations, borrowings in lending and investing in securities. The Bank serves the credit needs of its customer base, including commercial real estate loans, commercial and industrial loans, commercial leases, and others. The Bank offers a variety of deposit accounts to consumers, small businesses, and municipalities, including personal and business checking and savings accounts, time deposits and money market accounts. In addition, the Bank offers a range of consumer services.