Every 10-Q that First Guaranty (FGBI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow FGBI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FGBI filings page.
First Guaranty Bancshares, Inc. reported a return to profitability, with net income of $3.4 million for the quarter and $6.2 million for the first half of 2026, compared with losses in 2025. Net interest income was $22.3 million for the quarter and $43.0 million year‑to‑date.
Total assets were $3.9 billion at June 30, 2026, down from $4.1 billion as loans shrank to $1.77 billion (down 14.7%) and deposits to $3.46 billion (down 4.8%). The loan book is 80.6% real estate, and criticized loans declined: nonaccrual loans fell to $40.6 million, while special mention and substandard balances also decreased. The allowance for credit losses was $34.3 million, or 1.94% of total loans.
Credit costs remain elevated: net charge‑offs were $13.2 million in the first half, partially offset by a sharply lower provision of $5.3 million versus $31.2 million a year earlier. Securities grew to $1.21 billion, but carry $69.6 million in gross unrealized losses across AFS and HTM portfolios, reflected in accumulated other comprehensive loss of $17.5 million.
Subsequent to quarter‑end, the bank closed the sale of its Texas operations and entered into a Consent Order with the FDIC and Louisiana OFI. The order imposes enhanced oversight, credit and CRE risk controls, higher capital requirements, and restricts dividends from the bank to the holding company. As of June 30, 2026, the bank’s Tier 1 leverage ratio was 7.09%, below the required 9%, while the total risk‑based capital ratio was 16.21%. A capital plan has been submitted to regulators.
First Guaranty Bancshares, Inc. reported a sharp turnaround to losses for the quarter ended September 30, 2025, driven by heavy credit costs and a goodwill write-down. The company posted a quarterly net loss of $45.0 million, compared with net income of $1.9 million a year earlier, as the provision for credit losses surged to $47.9 million and it recorded a non-cash goodwill impairment of $12.9 million. For the first nine months of 2025, the net loss totaled $58.5 million, versus net income of $11.4 million in the prior-year period.
Total loans fell to $2.28 billion from $2.70 billion at year-end 2024, while the allowance for credit losses more than doubled to $85.7 million, reflecting rising nonaccrual loans and problem credits, particularly in commercial real estate and commercial leases. Shareholders’ equity declined to $221.1 million from $255.0 million, even after issuing new common shares via private placements, debt-for-equity exchange, and payment-in-kind interest, which increased common shares outstanding to 15.35 million as of October 31, 2025.