First Guaranty Bancshares earns $12M in Q3 2026
Chief Executive Officer/President Michael R. Mineer said the Texas-operations sale contributed to capital levels; two problem-asset agreements were expected to close in Q4.
Sentiment and the balance of points
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Form Type
8-K
Rhea-AI Filing Summary
First Guaranty Bancshares, Inc. reported third-quarter 2026 net income of $11.952 million, compared with a net loss of $45.003 million a year earlier; earnings were $0.69 per common share, versus a $3.01 loss. For the nine months ended September 30, 2026, net income was $18.126 million, compared with a net loss of $58.472 million. Third-quarter net interest income was $17.651 million, down from $22.238 million, while provision for credit losses was $3.753 million versus $47.933 million. Noninterest income was $19.817 million, including $16.137 million in net gains on sale of branches.
The company completed the sale of its Texas operations. Chief Executive Officer/President Michael R. Mineer said the sale contributed to improved capital levels and balance-sheet flexibility. Substandard assets declined by $31.2 million during the quarter. The Bank's Tier 1 leverage ratio improved to 8.29%, and total risk-based capital increased to 18.79%. Mineer also said the company signed agreements to dispose of several significant problem assets, including its largest OREO property and second-largest non-performing loan relationship; both were expected to close during the fourth quarter of 2026.
1 point · 0 major0 major · 0 points
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointThird-quarter net income was $11.952 million, versus a $45.003 million loss.
Negative
- None.
8-K Event Classification
2 items: 2.02, 9.01
2 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Net income: $11.952 million
Earnings per common share: $0.69
Net interest income: $17.651 million
+4 more
7 metrics
Net income
$11.952 million
Three months ended September 30, 2026; compared with a $45.003 million net loss in 2025
Earnings per common share
$0.69
Three months ended September 30, 2026; compared with a $3.01 loss in 2025
Net interest income
$17.651 million
Three months ended September 30, 2026; $22.238 million in 2025
Net income
$18.126 million
Nine months ended September 30, 2026; compared with a $58.472 million net loss in 2025
Provision for credit losses
$3.753 million
Three months ended September 30, 2026; $47.933 million in 2025
Tier 1 leverage ratio
8.29%
Reported for the third quarter of 2026
Total risk-based capital
18.79%
Reported for the third quarter of 2026
Key Terms
Tier 1 leverage ratio, total risk-based capital, substandard assets, OREO, +1 more
5 terms
Tier 1 leverage ratio financial
"The Bank's Tier 1 leverage ratio improved to 8.29%"
Tier 1 leverage ratio measures a bank’s core capital — the money that can absorb losses — as a share of its total assets, showing how much of its balance sheet is funded by real loss-absorbing capital rather than borrowed money. Investors use it like a safety gauge: a higher ratio means a bigger cushion against shocks and lower risk of insolvency, similar to how a thicker spare tire reduces the chance of being stranded.
total risk-based capital financial
"total risk-based capital increased to 18.79%"
The total amount of capital a regulated financial firm must hold as a cushion against losses, measured relative to how risky its loans and investments are. Think of it as a household emergency fund sized to match how many and how risky the bills and debts are; the bigger and riskier the obligations, the more capital is required. Investors watch this metric because it signals a firm's ability to absorb losses, meet regulatory requirements, pay dividends, and support growth without needing outside help.
substandard assets financial
"Substandard assets declined by $31.2 million during the quarter"
OREO financial
"including our largest OREO property"
provision for credit losses financial
"Less: Provision for credit losses"
Provision for credit losses is an amount set aside by a financial institution to cover potential future losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution manage risks and stay financially healthy. For investors, it signals how cautious a lender is about potential loan defaults and can impact the company's profitability and financial stability.
Earnings Snapshot
Net income: $11.952 million
Three months ended September 30, 2026
Net income
$11.952 million
Compared with a net loss of $45.003 million in the third quarter of 2025
Earnings per common share
$0.69
Compared with a loss of $3.01 per common share in the third quarter of 2025
Nine-month net income
$18.126 million
Compared with a net loss of $58.472 million for the nine months ended September 30, 2025
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much did FGBI earn in Q3 2026?
FGBI reported net income of $11.952 million for the third quarter of 2026, versus a net loss of $45.003 million in the third quarter of 2025. Earnings were $0.69 per common share, compared with a $3.01 loss.
What were FGBI's year-to-date 2026 earnings?
For the nine months ended September 30, 2026, FGBI reported net income of $18.126 million, compared with a net loss of $58.472 million for the same period in 2025.
Which problem-asset deals did FGBI expect to close in Q4 2026?
The company said agreements to dispose of several significant problem assets were expected to close during the fourth quarter. The identified assets included its largest OREO property and its second-largest non-performing loan relationship.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 3, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction | (Commission File Number) | (I.R.S. Employer | ||||||
| incorporation or organization) | Identification Number) | |||||||
| (Address of principal executive offices) | (Zip Code) | |||||||
| (Registrant’s telephone number, including area code) | ||||||||
| Not Applicable | ||||||||
| (Former name or former address, if changed since last report) | ||||||||
Check the appropriate box if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Item 2.02. Results of Operations and Financial Condition
On November 3, 2026, First Guaranty Bancshares, Inc. released its Third Quarter 2026 Report to shareholders. The Press Release is enclosed as Exhibit 99.1 to this report. The information in Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933.
Item 9.01. Financial Statements and Exhibits.
Exhibit 99.1 Press Release November 3, 2026 captioned "Third Quarter 2026 Report"
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| FIRST GUARANTY BANCSHARES, INC. | |||||||||||
| (Registrant) | |||||||||||
| Date: November 3, 2026 | |||||||||||
| By: | /s/Eric J. Dosch | ||||||||||
| Eric J. Dosch | |||||||||||
| Chief Financial Officer | |||||||||||
INDEX TO EXHIBITS
| Exhibit Number | Description | ||||
Exhibit 99.1 | Press Release November 3, 2026 captioned "Third Quarter 2026 Report" | ||||
PR ES O R TE D FI R ST -C LA SS M A IL U. S. P O ST AG E PA ID B AT O N R O UG E, L A PE R M IT N O . 9 84 Total Assets $3.2 Billion Deposits $2.9 Billion Locations 25 ATMs 40 $12 Million 3Q 2026 Earnings $18.1 Million YTD2026 Earnings 133 Consecutive dividends paid and counting 92 Years in Banking Total Loans $1.6 Billion Member FDIC FIRST GUARANTY BANCSHARES, INC. 3rd Quarter Report 2026 fgb.net | FI R ST G UA R A N TY B A N CS H A R ES , I N C. Po st O ffi ce B ox 2 00 9 H am m on d, L ou is ia na 7 04 04 -2 00 9 NASDAQ Symbol: FGBI We’re Social: Scan here or go to investors.fgb.net to visit our Investor Relations site. Have Questions? Vanessa Drew | InvestorRelations@fgb.net At A Glance (unaudited) FGB Branch Locations 1. Abbeville, LA 2. Alexandria, LA 3. Amite, LA 4. Benton, LA 5. Bossier City, LA 6. Bunkie, LA 7. Denham Springs, LA 8. Dubach, LA 9. Greensburg, LA 10. Guaranty Square - Main Office Hammond, LA 11. Hammond, LA - Guaranty West 12. Hessmer, LA 13. Homer, LA 14. Independence, LA 15. Jennings, LA 16. Kentwood, LA 17. Marksville, LA - Tunica 18. Moreauville, LA 19. Oil City, LA 20. Ponchatoula, LA 21. Vivian, LA 22. Walker, LA 23. Watson, LA 24. Vanceburg, KY 25. Bridgeport, WV
A Message to Our Shareholders Consolidated Balance Sheets (in thousands, except share data) Consolidated Statements of Income (in thousands, except share, per share data & percentages) Consolidated Statements of Income (in thousands, except share, per share data & percentages) Nine-Months Ended September 30, 2026 2025 (unaudited) Interest Income: Loans (including fees) $ 93,792 $ 123,307 Deposits with other banks 19,360 21,287 Securities (including FHLB stock) 34,274 17,690 Total Interest Income 147,426 162,284 Interest Expense: Demand deposits 24,965 38,097 Savings deposits 2,943 3,656 Time deposits 51,844 45,605 Borrowings 7,056 8,225 Total Interest Expense 86,808 95,583 Net Interest Income 60,618 66,701 Less: Provision for credit losses 9,003 79,091 Net Interest Income (Loss) after Provision for Credit Losses 51,615 (12,390) Noninterest Income: Service charges, commissions and fees 2,194 2,515 ATM and debit card fees 1,939 2,266 Net gains on securities Net gains (losses) on sale of assets 1 1,760 - (362) Net gains on sale of branches 16,137 - Other 1,893 1,951 Total Noninterest Income 23,924 6,370 Total Business Revenue (Loss), Net of Provision for Credit Losses 75,539 (6,020) Noninterest Expense: Salaries and employee benefits 21,407 23,749 Occupancy and equipment expense 6,938 7,850 Goodwill impairment - 12,900 Other 24,456 20,960 Total Noninterest Expense 52,801 65,459 Income (Loss) Before Income Taxes 22,738 (71,479) Less: Provision (Benefit) for income taxes 4,612 (13,007) Net Income (Loss) 18,126 (58,472) Less: Preferred stock dividends 1,746 1,746 Income (Loss) Available to Common Shareholders $16,380 $(60,218) Per Common Share: Earnings (Loss) $1.01 $(4.45) Cash dividends paid $0.03 $0.03 Book Value Per Common Share $11.17 $12.25 Weighted Average Common Shares Outstanding 16,223,484 13,523,009 Return on Average Assets 0.63% -2.00% Return on Average Common Equity 11.24% -35.83% Three-Months Ended September 30, 2026 2025 (unaudited) Interest Income: Loans (including fees) $27,423 $39,325 Deposits with other banks 4,650 7,777 Securities (including FHLB stock) 11,797 6,398 Total Interest Income 43,870 53,500 Interest Expense: Demand deposits 7,114 13,185 Savings deposits 1,034 1,058 Time deposits 15,850 14,519 Borrowings 2,221 2,500 Total Interest Expense 26,219 31,262 Net Interest Income 17,651 22,238 Less: Provision for credit losses 3,753 47,933 Net Interest Income (Loss) after Provision for Credit Losses 13,898 (25,695) Noninterest Income: Service charges, commissions and fees 700 832 ATM and debit card fees 642 741 Net gains on securities - - Net gains (losses) on sale of assets Net gains on sale of branches 1,716 16,137 (366) - Other 622 653 Total Noninterest Income 19,817 1,860 Total Business Revenue (Loss), Net of Provision for Credit Losses 33,715 (23,835) Noninterest Expense: Salaries and employee benefits 7,026 7,465 Occupancy and equipment expense 2,113 2,605 Goodwill impairment - 12,900 Other 9,725 7,205 Total Noninterest Expense 18,864 30,175 Income (Loss) Before Income Taxes 14,851 (54,010) Less: Provision (benefit) for income taxes 2,899 (9,007) Net Income (Loss) 11,952 (45,003) Less: Preferred stock dividends 582 582 Income (Loss) Available to Common Shareholders $11,370 $(45,585) Per Common Share: Earnings (Loss) $0.69 $(3.01) Cash dividends paid $0.01 $0.01 Weighted Average Common Shares Outstanding 16,540,173 15,122,702 Return on Average Assets 1.36% -4.61% Return on Average Common Equity 22.74% -78.41% Michael R. Mineer Chief Executive Officer/President First Guaranty Bancshares, Inc. Dear Shareholders, The third quarter marked another important step forward in strengthening First Guaranty’s financial position and positioning for long-term success. During the quarter, we completed the sale of our Texas operations, which contributed to improved capital levels and enhanced balance sheet flexibility. We also continued to reduce higher-cost funding sources, resulting in a stronger funding profile and improved liquidity. Asset quality remained a key focus. Substandard assets declined by $31.2 million during the quarter, and since year-end we have significantly reduced both special mention and substandard loan balances. We also signed agreements to dispose of several significant problem assets, including our largest OREO property and our second-largest non-performing loan relationship, both of which are expected to close during the fourth quarter. As a result of these efforts, the Bank’s Tier 1 leverage ratio improved to 8.29% and total risk-based capital increased to 18.79%, reflecting meaningful progress in our capital restoration initiatives. While work remains, the actions taken throughout 2026 have strengthened our balance sheet, reduced risk, and positioned First Guaranty to better serve our customers, communities, and shareholders. Sincerely, Assets Cash and cash equivalents: Cash and due from banks $292,226 $753,629 Federal funds sold 544 554 Cash and cash equivalents 292,770 754,183 Interest-earning time deposits with banks 500 250 Investment securities: Available for sale, at fair value ($875,612 and $372,873 respectively) 838,305 374,335 Held to maturity, at cost and net of allowance for credit losses of $150 (estimated fair value of $250,422 and $264,566 respectively) 323,466 322,413 Investment securities 1,161,771 696,748 Federal Home Loan Bank stock, at cost 10,544 10,079 Loans, net of unearned income 1,581,005 2,279,741 Less: allowance for credit losses 36,400 85,713 Net loans 1,544,605 2,194,028 Premises and equipment, net 61,458 59,979 Intangible assets, net 1,400 2,847 Other real estate, net 27,950 12,050 Accrued interest receivable 12,904 14,776 Other assets 38,583 52,396 Total Assets $3,152,485 $3,797,336 Liabilities and Shareholders’ Equity Deposits: Noninterest-bearing demand $368,328 $396,906 Interest-bearing demand 807,107 1,390,219 Savings 224,556 215,077 Time 1,454,983 1,352,695 Total deposits 2,854,974 3,354,897 Repurchase agreements 7,227 7,117 Accrued interest payable 19,729 16,333 Long-term advances from Federal Home Loan Bank - 135,000 Senior long-term debt 14,217 14,196 Junior subordinated debentures 29,850 29,790 Other liabilities 7,543 18,928 Total Liabilities 2,933,540 3,576,261 Shareholders’ Equity Preferred Stock, Series A - $1,000 par value 100,000 shares authorized; non-cumulative perpetual; 34,500 issued and outstanding, respectively 33,058 33,058 Common stock - $1 par value 100,600,000 shares authorized; 16,638,371 and 15,352,947 shares issued and outstanding 16,638 15,353 Surplus 177,215 168,682 Retained earnings 29,947 12,342 Accumulated other comprehensive (loss) income (37,913) (8,360) Total Shareholders’ Equity 218,945 221,075 Total Liabilities & Shareholders’ Equity $ 3,152,485 $3,797,336 September 30, 2026 2025 (unaudited)