First Guaranty (NASDAQ: FGBI) returns to profit in Q2 2026
Rhea-AI Filing Summary
First Guaranty Bancshares, Inc. reported improved profitability for the quarter and six months ended June 30, 2026. Net income was $3.4 million for the second quarter and $6.2 million year-to-date, compared with net losses of $7.3 million and $13.5 million in the prior-year periods. Earnings per common share were $0.17 for the quarter and $0.31 year-to-date. The company has now generated three consecutive profitable quarters and continued its record of 132 consecutive dividend payments.
Total assets were $3.9 billion, including $1.8 billion in loans and $3.5 billion in deposits at June 30, 2026. The allowance for credit losses was 1.94% of total loans, supported by lower credit-loss provisions and the payoff of a $14.0 million non-accrual relationship. Shareholders’ equity totaled $227.4 million with a Total Risk-Based Capital Ratio above 16%; book value per common share was $11.75. Management highlighted efforts to reduce balance sheet risk, keep commercial real estate concentration at 254.4% of total bank capital, below regulatory guidance, and invest in operational efficiency, including artificial intelligence tools.
Positive
- Returned to profitability with $3.3 million Q2 2026 net income versus a prior-year quarterly loss.
- Year-to-date 2026 net income reached $6.2 million, after a net loss in the same period of 2025.
- Total Risk-Based Capital Ratio exceeded 16% at June 30, 2026, indicating a strengthened capital base.
Negative
- Book value per common share declined to $11.75 at June 30, 2026 from $15.21 a year earlier.
- Retained earnings decreased to $18.7 million at June 30, 2026 from $58.1 million at June 30, 2025.
Filing Explained
The filing adds a current ownership balance: 16,539,094 common shares outstanding at June 30, 2026.
The company’s completed second-quarter report adds a current capital-structure datapoint for existing common holders: the share base and total equity reported at
As an Item 2.02 Form 8-K, it reports results of operations and financial condition; Exhibit 99.1 is expressly furnished and is not deemed filed for Section 18 purposes.
The comparative balance-sheet figures are
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, and exhibit attachments filed with this report.
Key Figures
2Q 2026 Net Income: $3,341 thousand
2Q 2026 EPS: $0.17 per common share
YTD 2026 Net Income: $6,174 thousand
+5 more
8 metrics
2Q 2026 Net Income
$3,341 thousand
Three months ended June 30, 2026
2Q 2026 EPS
$0.17 per common share
Three months ended June 30, 2026
YTD 2026 Net Income
$6,174 thousand
Six months ended June 30, 2026
Total Assets
$3,895,010 thousand
Balance sheet at June 30, 2026
Total Loans
$1,765,210 thousand
Gross loans at June 30, 2026
Total Deposits
$3,457,052 thousand
Deposits at June 30, 2026
Total Shareholders’ Equity
$227,350 thousand
June 30, 2026
Total Risk-Based Capital Ratio
>16%
Regulatory capital ratio at June 30, 2026
Key Terms
Total Risk-Based Capital Ratio, allowance for credit losses, commercial real estate concentration, non-accrual relationship, +1 more
5 terms
Total Risk-Based Capital Ratio financial
"Our Total Risk-Based Capital Ratio exceeded 16% at June 30, 2026"
The total risk-based capital ratio measures a financial firm's cushion against losses by comparing its available capital to its assets after those assets are adjusted for how risky they are. Think of it as the size of a safety net relative to the weight of everything being balanced on it: the bigger the ratio, the more able the firm is to absorb bad outcomes without defaulting or needing help. Investors watch this number because it signals regulatory strength, solvency, and how much room the firm has to pay dividends, lend or grow safely.
allowance for credit losses financial
"The allowance for credit losses was 1.94% of total loans"
Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.
commercial real estate concentration financial
"Commercial real estate concentration was approximately 254.4% of total bank capital"
non-accrual relationship financial
"A $14.0 million non-accrual relationship paid off during the quarter"
noninterest income financial
"Noninterest Income: Service charges, commissions and fees"
Noninterest income is the money a bank or financial firm earns from activities other than charging interest on loans, such as account fees, transaction charges, advisory and underwriting fees, trading gains, and service income — like a store making extra money from repairs, warranties or delivery charges rather than product sales. It matters to investors because it shows how diversified a company’s revenue is and whether it can withstand changes in interest rates; a strong noninterest income stream can stabilize profits but may also be more variable than steady loan interest.
Earnings Snapshot
2Q 2026 Net Income (Loss): $3,341 thousand
Quarter and six months ended June 30, 2026
2Q 2026 Net Income (Loss)
$3,341 thousand
improved from net loss of $7,303 thousand in 2Q 2025
YTD 2026 Net Income (Loss)
$6,174 thousand
improved from net loss of $13,469 thousand in the first half of 2025
2Q 2026 EPS
$0.17 per common share
improved from loss of $0.61 per share in 2Q 2025
YTD 2026 EPS
$0.31 per common share
improved from loss of $1.15 per share in the first half of 2025
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What were First Guaranty (FGBI) earnings for the second quarter of 2026?
First Guaranty reported $3.4 million in net income for Q2 2026, versus a net loss of $7.3 million in Q2 2025. Earnings per common share were $0.17 for the quarter, marking the company’s third consecutive profitable quarter.
How did First Guaranty (FGBI) perform year-to-date through June 30, 2026?
For the six months ended June 30, 2026, First Guaranty generated $6.2 million in net income, compared with a net loss of $13.5 million in the prior-year period. Earnings per common share were $0.31 year-to-date.
What is First Guaranty (FGBI)’s capital position as of June 30, 2026?
First Guaranty reported shareholders’ equity of $227.4 million and a Total Risk-Based Capital Ratio above 16% at June 30, 2026. The company also noted commercial real estate concentration of 254.4% of total bank capital, below regulatory guidance.
What were First Guaranty (FGBI)’s key balance sheet figures in Q2 2026?
At June 30, 2026, First Guaranty had total assets of $3.9 billion, total loans of $1.8 billion, and total deposits of $3.5 billion. The allowance for credit losses was 1.94% of total loans, and total shareholders’ equity was $227.4 million.
How did asset quality and credit metrics evolve for First Guaranty (FGBI) in 2026?
The allowance for credit losses stood at 1.94% of total loans at June 30, 2026. Management highlighted lower credit-loss provisions versus 2025 and the payoff of a $14.0 million non-accrual relationship, which improved the loan portfolio.
What dividends did First Guaranty (FGBI) pay in 2026 and what is its history?
First Guaranty paid cash dividends of $0.01 per common share in Q2 2026 and $0.02 year-to-date. The company emphasized a record of 132 consecutive dividends paid to shareholders.
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): July 31, 2026
(Exact name of registrant as specified in its charter)
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| Not Applicable | ||||||||
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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 July 31, 2026, First Guaranty Bancshares, Inc. released its Second 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 July 31, 2026 captioned "Second 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: July 31, 2026 | |||||||||||
| By: | /s/Eric J. Dosch | ||||||||||
| Eric J. Dosch | |||||||||||
| Chief Financial Officer | |||||||||||
INDEX TO EXHIBITS
| Exhibit Number | Description | ||||
Exhibit 99.1 | Press Release July 31, 2026 captioned "Second 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 $3.9 Billion Deposits $3.5 Billion Locations 30 ATMs 40 $3.4 Million 2Q 2026 Earnings $6.2 Million YTD2026 Earnings 132 Consecutive dividends paid and counting 92 Years in Banking Total Loans $1.8 Billion Member FDIC FIRST GUARANTY BANCSHARES, INC. 2nd 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. Denton, TX 25. Fort Worth, TX 26. Garland, TX 27. McKinney, TX 28. Waco, TX 29. Vanceburg, KY 30. 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) Six-Months Ended June 30, 2026 2025 (unaudited) Interest Income: Loans (including fees) $ 66,369 $ 83,982 Deposits with other banks 14,710 13,510 Securities (including FHLB stock) 22,477 11,292 Total Interest Income 103,556 108,784 Interest Expense: Demand deposits 17,851 24,912 Savings deposits 1,909 2,598 Time deposits 35,994 31,086 Borrowings 4,835 5,725 Total Interest Expense 60,589 64,321 Net Interest Income 42,967 44,463 Less: Provision for credit losses 5,250 31,158 Net Interest Income after Provision for Credit Losses 37,717 13,305 Noninterest Income: Service charges, commissions and fees 1,494 1,683 ATM and debit card fees 1,297 1,525 Net gains on securities 1 - Net gains on sale of assets 44 4 Other 1,271 1,298 Total Noninterest Income 4,107 4,510 Total Business Revenue, Net of Provision for Credit Losses 41,824 17,815 Noninterest Expense: Salaries and employee benefits 14,381 16,284 Occupancy and equipment expense 4,825 5,245 Other 14,731 13,755 Total Noninterest Expense 33,937 35,284 Income (Loss) Before Income Taxes 7,887 (17,469) Less: Provision (Benefit) for income taxes 1,713 (4,000) Net Income (Loss) 6,174 (13,469) Less: Preferred stock dividends 1,164 1,164 Income (Loss) Available to Common Shareholders $5,010 $(14,633) Per Common Share: Earnings (Loss) $0.31 $(1.15) Cash dividends paid $0.02 $0.02 Book Value Per Common Share $11.75 $15.21 Weighted Average Common Shares Outstanding 16,062,514 12,709,905 Return on Average Assets 0.31% -0.69% Return on Average Common Equity 5.24% -13.31% Three-Months Ended June 30, 2026 2025 (unaudited) Interest Income: Loans (including fees) $33,090 $41,013 Deposits with other banks 6,073 7,511 Securities (including FHLB stock) 12,118 5,797 Total Interest Income 51,281 54,321 Interest Expense: Demand deposits 8,241 12,708 Savings deposits 963 1,336 Time deposits 17,395 15,196 Borrowings 2,404 2,841 Total Interest Expense 29,003 32,081 Net Interest Income 22,278 22,240 Less: Provision for credit losses 2,625 16,610 Net Interest Income after Provision for Credit Losses 19,653 5,630 Noninterest Income: Service charges, commissions and fees 736 834 ATM and debit card fees 655 778 Net gains on securities - - Net gains on sale of assets - - Other 508 544 Total Noninterest Income 1,899 2,156 Total Business Revenue, Net of Provision for Credit Losses 21,552 7,786 Noninterest Expense: Salaries and employee benefits 7,029 7,843 Occupancy and equipment expense 2,361 2,605 Other 7,818 6,819 Total Noninterest Expense 17,208 17,267 Income (Loss) Before Income Taxes 4,344 (9,481) Less: Provision (benefit) for income taxes 913 (2,178) Net Income (Loss) 3,341 (7,303) Less: Preferred stock dividends 582 582 Income (Loss) Available to Common Shareholders $2,849 $(7,885) Per Common Share: Earnings (Loss) $0.17 $(0.61) Cash dividends paid $0.01 $0.01 Weighted Average Common Shares Outstanding 16,326,060 12,910,785 Return on Average Assets 0.35% -0.75% Return on Average Common Equity 5.95% -14.33% Michael R. Mineer Chief Executive Officer/President First Guaranty Bancshares, Inc. Dear Shareholders, I am pleased to report that First Guaranty achieved its third consecutive quarter of positive earnings while continuing to strengthen our balance sheet, improve asset quality, and enhance our capital position. Second Quarter 2026 Highlights: • Net income totaled $3.4 million for the second quarter of 2026. • Earnings per common share increased to $0.17 for the second quarter of 2026, compared to $0.14 in the first quarter of 2026 and $0.12 in the fourth quarter of 2025. • Our Total Risk-Based Capital Ratio exceeded 16% at June 30, 2026, up from 11.28% at June 30, 2024. • A $14.0 million non-accrual relationship paid off during the quarter, meaningfully improving our loan portfolio. • Commercial real estate concentration was approximately 254.4% of total bank capital at June 30, 2026, below regulatory guidance. • Total loans were $1.8 billion and total deposits were $3.5 billion, at June 30, 2026, consistent with our strategy to reduce balance sheet risk. • The allowance for credit losses was 1.94% of total loans, and shareholders’ equity was $227.4 million at June 30, 2026. • First Guaranty continues to invest in operational efficiency, including the use of artificial intelligence solutions designed to lower costs and improve customer service. First Guaranty remains committed to providing essential banking services to our local communities. I am proud of the progress we have made and look forward to continuing our work toward becoming the premier community bank in Louisiana, Kentucky, and West Virginia. Thank you for your continued support. Additional information about our performance is available on our Investor Relations website. Please feel free to contact me with any questions. Sincerely, Assets Cash and cash equivalents: Cash and due from banks $781,030 $714,313 Federal funds sold 546 557 Cash and cash equivalents 781,576 714,870 Interest-earning time deposits with banks 250 250 Investment securities: Available for sale, at fair value ($901,862 and $398,112, respectively) 890,758 397,573 Held to maturity, at cost and net of allowance for credit losses of $150 (estimated fair value of $265,294 and $260,080 respectively) 323,203 322,149 Investment securities 1,213,961 719,722 Federal Home Loan Bank stock, at cost 10,433 9,956 Loans, net of unearned income 1,765,210 2,410,505 Less: allowance for credit losses 34,299 58,871 Net loans 1,730,911 2,351,634 Premises and equipment, net 72,656 66,035 Goodwill - 12,900 Intangible assets, net 2,218 3,056 Other real estate, net 29,721 7,657 Accrued interest receivable 11,875 13,305 Other assets 41,409 70,196 Total Assets $3,895,010 $3,969,581 Liabilities and Shareholders’ Equity Deposits: Noninterest-bearing demand $415,296 $442,267 Interest-bearing demand 1,092,746 1,402,960 Savings 224,436 247,120 Time 1,724,574 1,388,991 Total deposits 3,457,052 3,481,338 Repurchase agreements 7,227 7,117 Accrued interest payable 17,492 19,498 Long-term advances from Federal Home Loan Bank 135,000 135,000 Senior long-term debt 14,214 14,186 Junior subordinated debentures 29,835 29,775 Other liabilities 6,840 19,579 Total Liabilities 3,667,660 3,706,493 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; 16,539,094 and 15,120,172 shares issued and outstanding 16,539 15,120 Surplus 176,492 167,041 Retained earnings 18,742 58,078 Accumulated other comprehensive (loss) income (17,481) (10,209) Total Shareholders’ Equity 227,350 263,088 Total Liabilities & Shareholders’ Equity $ 3,895,010 $3,969,581 June 30, 2026 2025 (unaudited)