First Guaranty Bancshares (FGBI) risk factors
Item 1A of every First Guaranty Bancshares, Inc. 10-K on file, and what changed from one year to the next.
- FY2025 10-K risk factors
51 risks, 7 new, 1 dropped, 12 reworded since the prior year. First Guaranty Bancshares faces intense credit concentrations in real estate loans, leading to high nonperforming assets and a full write-down of goodwill. Regulatory oversight, including financial holding company requirements and potential confidential restrictions, poses significant operational constraints. Technological change and competition from fintechs add pressure to earnings dependent on net interest income.
Filed Mar 31, 2026 - FY2024 10-K risk factors
45 risks. Nonperforming assets surged 188.4% to $120.4 million, representing 3.03% of total assets at year-end 2024. Commercial real estate loans heavily concentrate in Louisiana and North Central Texas real estate.
Filed Mar 17, 2025