First Guaranty Bancshares, Inc. filings document the regulatory disclosures of a bank holding company whose wholly owned subsidiary is First Guaranty Bank. The records cover operating and financial results, loan and deposit trends, capital levels, shareholder equity, common-stock dividends and other material events reported through Form 8-K exhibits and press-release disclosures.
The company’s filings also describe its capital structure, including common stock and depositary shares representing interests in 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock. Additional disclosure areas include preferred-stock distributions, material agreements, amendments to promissory-note arrangements, branch and headquarters property transactions, related-party considerations, board composition and other governance matters.
First Guaranty Bancshares, Inc. (FGBI) reported that Eric Dosch, SVP and CFO, recorded several indirect ownership updates in common stock. On August 27–28, 2026, entities associated with him acquired three small acquisitions under Rule 16a-6, including shares held in an IRA and custodial accounts for his minor children. The filing also lists updated direct and indirect holdings, including shares held by his spouse and a revocable living trust, with beneficial ownership of the trust units disclaimed except for his pecuniary interest.
First Guaranty Bancshares, Inc. (FGBI) director Robert W. Walker reported open‑market purchases of a total of 3,601 depository shares of the company’s preferred stock on August 18–19, 2026. The depository shares represent interests in FGBI’s 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock with a $1,000 liquidation preference per preferred share, equivalent to $25.00 per depository share.
First Guaranty Bancshares, Inc. (FGBI) director Robert W. Walker reported purchasing 1,601 depository shares of the company’s 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock on 2026-08-14 in an open-market or private transaction at a weighted average price of $19.22 per depository share, bringing his directly held position in these depository shares to 1,601.
Each depository share represents a 1/40th interest in a preferred share with a $1,000 par value and $1,000 liquidation preference, equivalent to $25.00 per depository share. The trade was executed in multiple lots at prices ranging from $19.18 to $19.28, with the reported price reflecting a weighted average.
First Guaranty Bancshares, Inc. director Robert W. Walker purchased common stock in the open market. On 2026-08-13, he bought 5,500 shares at a weighted average price of $8.40 per share, increasing his directly held position to 56,621 shares. The price reflects multiple trades executed between $8.39 and $8.40, and the transaction was not made under a Rule 10b5-1 trading plan.
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 that its subsidiary, First Guaranty Bank, entered into a Stipulation to the Issuance of a Consent Order with the FDIC and the Louisiana Office of Financial Institutions, effective August 7, 2026. The Bank consented to the order without admitting or denying any charges. The Consent Order, which followed a September 2, 2025 joint examination, requires stronger board oversight and higher capital, including a Tier 1 leverage capital ratio of at least 9% and a total risk-based capital ratio of at least 14%. While the order is in effect, the Bank may not pay dividends to the holding company without prior written consent from both regulators.
The Consent Order also limits additional credit to borrowers with assets classified loss, doubtful, or substandard in the 2025 examination, and sets deadlines to charge off or collect loss and a portion of doubtful assets, submit a plan to reduce remaining classified assets, and address weaknesses in loan documentation, loan review, commercial real estate concentration monitoring, stress testing, and underwriting. As of June 30, 2026, the Bank’s Tier 1 leverage ratio was 7.09% and its total risk-based capital ratio was 16.21%, so the leverage ratio remains below the new minimum. The Bank has submitted a capital plan and currently believes it complies with the Consent Order apart from the Tier 1 leverage requirement.
First Guaranty Bancshares, Inc. completed the previously announced sale of the Texas operations of its wholly owned subsidiary, First Guaranty Bank, to Armstrong Bank of Muskogee, Oklahoma.
The sale closed on July 31, 2026 and included five Texas branches, approximately $234 million of deposits, approximately $88 million of loans, and certain other related assets. The disclosure is provided under Regulation FD and is not deemed filed under the Exchange Act.
First Guaranty Bancshares, Inc. will pay a quarterly cash dividend on its 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock, represented by Depositary Shares. The Board of Directors declared a $16.875 per share dividend on the Series A Preferred Stock, producing a quarterly distribution of $0.421875 per Depositary Share, with each Depositary Share representing a 1/40th interest in a preferred share.
The Board announced this dividend on July 16, 2026. The dividend will be paid on September 1, 2026 to holders of Depositary Shares of record as of August 15, 2026. Payment will first be made to the depositary for the Series A Preferred Stock, which will then distribute the cash dividend to eligible Depositary Share holders.
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.
First Guaranty Bancshares, Inc. reported a return to profitability, with net income of $3.4 million for the quarter ended June 30, 2026 versus a loss of $(7.3) million a year earlier, and $6.2 million for the first six months versus $(13.5) million, helped by sharply lower credit loss provisions. Quarterly EPS was $0.17, up from $(0.61), while net interest income was stable at $22.3 million and the net interest margin edged up to 2.37%.
The balance sheet continued to de-risk and shrink. Total assets fell to $3.9 billion, loans declined 14.7% to $1.8 billion, and deposits were $3.5 billion, while investment securities increased to $1.2 billion. Asset quality indicators improved: nonaccrual loans declined to $40.6 million, non-performing assets to $70.3 million, and both special mention and substandard loans fell meaningfully, though charge-offs rose to $7.7 million in the quarter. One independent living center OREO property represents $23.3 million, about 80% of other real estate owned.
Capital remained strong, with total risk-based capital of 16.21% at the bank and a capital conservation buffer well above minimums. Book value per share was $11.75 and tangible book value per share $11.63. The company maintained a $0.01 quarterly common dividend and paid $1.2 million in preferred dividends in the first half. Management outlined plans to further reduce criticized assets, sell Texas operations involving approximately $227 million of deposits and $93 million of loans, lower surplus liquidity to enhance margins, and deploy artificial intelligence solutions under a formal risk framework.