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First Guaranty Bancshares Reports Second Quarter 2026 Net Income of $3.4 Million and Improved Capital Ratios

First Guaranty Bancshares reported Q2 2026 net income of $3.4 million, marking an improvement over previous quarters.

Quiver AI Summary

First Guaranty Bancshares, Inc. announced a net income of $3.4 million, or $0.17 per share, for the second quarter ending June 30, 2026, showing improvement from $0.14 per share in the previous quarter and $0.12 in the same period last year. Key highlights include a reduction in nonaccrual loans by $19 million, totaling $40.6 million, and total assets reaching $3.9 billion. The company’s total capital ratio has improved to over 16%. CEO Michael R. Mineer emphasized the ongoing strategy to lower balance sheet risk and enhance earnings, alongside a focus on reducing non-performing assets and diversifying the loan portfolio. First Guaranty Bank operates multiple locations across several states and emphasizes strong client relationships and excellent customer service.

Potential Positives

  • Net income increased to $3.4 million for the second quarter of 2026, up from $2.8 million in the previous quarter, indicating strong financial performance.
  • Nonaccrual loans decreased significantly by $19.0 million, showcasing improved asset quality and effective risk management.
  • The total capital ratio improved to over 16%, reflecting strengthened financial stability and better management of credit risk.
  • First Guaranty Bank maintains a solid total asset base of $3.9 billion, reinforcing its presence in the banking sector.

Potential Negatives

  • Despite a reported increase in net income, the company may still face challenges in managing non-performing loans, as there remains a significant amount of nonaccrual loans at $40.6 million.
  • The cautionary note in the forward-looking statements may indicate underlying uncertainties about future performance, which could raise concerns among investors.

FAQ

What were First Guaranty Bancshares' earnings for Q2 2026?

First Guaranty Bancshares reported net income of $3.4 million, or $0.17 per common share, for the second quarter of 2026.

How much did nonaccrual loans decrease in Q2 2026?

Nonaccrual loans decreased by $19.0 million, from $59.6 million at December 31, 2025, to $40.6 million.

What was the total assets and deposits for First Guaranty in Q2 2026?

Total assets reached $3.9 billion, with total deposits amounting to $3.5 billion as of June 30, 2026.

What is the bank's total capital ratio as of June 30, 2026?

The total capital ratio improved to over 16% at June 30, 2026, indicating stronger capital management.

Where can I find more information about First Guaranty Bancshares?

Additional information about First Guaranty Bancshares can be found on their website at www.fgb.net.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.


$FGBI Insider Trading Activity

FGBI Insider Trades

$FGBI insiders have traded $FGBI stock on the open market 5 times in the past 6 months. Of those trades, 5 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $FGBI stock by insiders over the last 6 months:

  • EDGAR R. III SMITH has made 3 purchases buying 321,980 shares for an estimated $2,867,018 and 0 sales.
  • MARSHALL T REYNOLDS purchased 109,051 shares for an estimated $999,997
  • BRUCE MCANALLY purchased 109,051 shares for an estimated $999,997

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$FGBI Revenue

FGBI Quarterly Revenue

$FGBI had revenues of $24.2M in Q2 2026. This is a decrease of -0.9% from the same period in the prior year.

You can track FGBI financials on Quiver Quantitative's FGBI stock page.

You can access data on FGBI stock through the Quiver Quantitative API.

$FGBI Hedge Fund Activity

We have seen 9 institutional investors add shares of $FGBI stock to their portfolio, and 10 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

Full Release

HAMMOND, La., July 28, 2026 (GLOBE NEWSWIRE) -- First Guaranty Bancshares, Inc. ("First Guaranty") (NASDAQ: FGBI), the holding company for First Guaranty Bank, reported net income of $3.4 million, or $0.17 per common share, for the second quarter ended June 30, 2026, compared to $0.14 per common share for first quarter ended March 31, 2026, and $0.12 per common share for the fourth quarter ended December 31, 2025.

SECOND QUARTER 2026 HIGHLIGHTS

  • Net income of $3.4 million; Net income available to common shareholders of $2.8 million.
  • Nonaccrual loans decreased $19.0 million to $40.6 million from $59.6 million at December 31, 2025.
  • Total assets of $3.9 billion; total loans of $1.8 billion; total deposits of $3.5 billion.
  • Shareholders’ equity of $227.4 million; book value per common share of $11.75.
  • Bank total capital ratio improved to more than 16% at June 30, 2026.

“We continue to move forward with our business strategy to reduce balance sheet risk, improve earnings, and grow capital. By improving our bank Total Capital ratio to over 16% at June 30, 2026, we have come a long way in managing credit risk. We are actively reducing our non-performing and criticized assets and building a more diversified loan portfolio,” said Michael R. Mineer, President and Chief Executive Officer of First Guaranty.

For full release click here .

About First Guaranty Bancshares, Inc.: First Guaranty Bancshares, Inc. is the holding company for First Guaranty Bank, a Louisiana state-chartered bank. Founded in 1934, First Guaranty Bank offers a wide range of financial services and focuses on building client relationships and providing exceptional customer service. First Guaranty Bank currently operates thirty locations throughout Louisiana, Texas, Kentucky and West Virginia. First Guaranty’s common stock trades on the NASDAQ under the symbol FGBI. For more information, visit www.fgb.net .

Forward Looking Statements: This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. Forward-looking statements are any statements other than statements of historical fact which represent our current judgement about possible future events. We believe these judgements are reasonable, but these statements are not guarantees of any future events or financial results, and our actual results may differ materially due to a variety of factors, many of which are described in our most recent Annual Report on Form 10-K and our other filings with the U.S. Securities and Exchange Commission. We caution readers not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update or otherwise revise any forward-looking statements.

CONTACT: ERIC DOSCH, CFO

985.375.0308


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