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First Guaranty Bancshares, Inc. director Bruce McAnally reported an indirect open-market purchase tied to a trust. On April 30, 2026, the BMAC Irrevocable Asset Trust, for which he is trustee, bought 109,051 shares of common stock at $9.17 per share, bringing that trust’s holdings to 441,587 shares.
The Form 4 also lists multiple indirect holdings through other trusts, retirement accounts, and an affiliate, along with 3,253 shares held directly. A footnote states that McAnally disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.
First Guaranty Bancshares, Inc. has declared a quarterly cash dividend on its 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock. Holders of its Depositary Shares, each representing a 1/40th interest in a share of this Series A preferred, will receive $0.421875 per Depositary Share. This comes from a $16.875 per share quarterly dividend on the underlying Series A Preferred Stock. The dividend will be paid on June 1, 2026 to holders of record of the Depositary Shares as of May 15, 2026.
First Guaranty Bancshares returned to profitability in the first quarter of 2026, posting net income of $2.7 million versus a net loss of $(6.2) million a year earlier. Net income available to common shareholders was $2.2 million, or $0.14 per share, compared with a loss of $(0.54) per share.
The turnaround was driven largely by a sharply lower provision for credit losses of $2.6 million, down from $14.5 million, and reduced noninterest expense. However, the net interest margin narrowed to 2.07% from 2.35% as the balance sheet shifted away from loans toward securities and deposits with other banks.
Total assets were $4.0 billion at March 31, 2026, down $119.8 million from year-end, with loans declining 7.0% to $1.9 billion and deposits down 3.4% to $3.5 billion. Nonperforming assets fell to $83.5 million, or 2.11% of total assets, and the bank’s total risk-based capital ratio improved to 14.71%, with a capital conservation buffer of 6.71%.
First Guaranty Bancshares, Inc. director and ten percent owner Betsy Kent Hood filed an initial ownership report. She reports indirect ownership of 2,522,087 shares of common stock as executor for the Estate of William K. Hood, and direct ownership of 4,639 shares. She disclaims beneficial ownership of the indirect holdings except to the extent of her pecuniary interest.
First Guaranty Bancshares, Inc. reported that its Board of Directors elected Betsy K. Hood as a director on April 16, 2026. She has not been appointed to any board committees at this time, and there is no current expectation of a specific committee assignment.
The company states that Ms. Hood is not involved in any transactions with First Guaranty or First Guaranty Bank that would require disclosure under Item 404(a) of SEC Regulation S-K. She is a graduate of Southeastern Louisiana University with over 25 years of experience in the retail automotive industry and serves as Dealer Principal of Hood Automotive Group, President of Southern Dealers Mechanical Breakdown Insurance, and a board member for two local organizations.
First Guaranty Bancshares director and 10% owner Edgar R. Smith III, through Smith & Tate Investments, LLC, bought 138,083 shares of common stock at $7.77 per share in an open-market purchase on March 31, 2026.
After this transaction, Smith & Tate Investments, LLC held 675,349 shares indirectly for him. The Form 4 also reports 2,867,467 shares held directly in his name and additional indirect holdings through entities such as Smith-Hoover Holdings, L.L.C., MACSMITH LLC, Smith & Hood Investment, LLC, Big 4 Investments, LLC, and Smith & Hood Holding Company, LLC. A footnote explains he disclaims beneficial ownership beyond his pecuniary interest and that his indirect position includes 105,907 shares issued under recent amendments to a promissory note and a subordinated note.
First Guaranty Bancshares director and 10% owner Marshall T. Reynolds reported an open-market purchase of 32,176 shares of common stock at $7.77 per share. Following the transaction, his direct holdings total 2,025,997 shares. He also reports additional indirect holdings through affiliates, trusts, and family accounts, while disclaiming beneficial ownership beyond his pecuniary interest.
First Guaranty Bancshares, Inc. director Bruce McAnally, through the BMAC Irrevocable Asset Trust where he is trustee, bought 32,176 shares of common stock in an open-market transaction at $7.77 per share. The filing notes these shares are held jointly with his spouse.
After this purchase, the BMAC Irrevocable Asset Trust holds 332,536 shares of First Guaranty Bancshares common stock. McAnally also reports smaller additional direct and indirect holdings through a personal account, various IRAs, family trusts and an affiliated entity.
First Guaranty Bancshares, Inc. reports on its banking operations, highlighting a revised strategy centered on controlled asset growth, cost cuts and tighter risk management. At December 31, 2025, the company had $4.1 billion in total assets, $3.6 billion in deposits and $226.2 million in shareholders’ equity.
Non-performing assets were $95.5 million, representing 2.34% of total assets, elevated versus historical levels even after improving from 2024. The bank recorded a $43.4 million charge‑off on commercial leases tied to an auto parts manufacturer and is shrinking construction and land development exposure.
Management is exiting the Dallas‑Fort Worth‑Arlington and Waco Texas markets and cut staffing by 21%, reducing full‑time equivalents from 399 to 330 between year‑end 2024 and 2025. First Guaranty retains a dominant 52.3% deposit market share in the Hammond, Louisiana MSA and continues to emphasize diversified commercial, residential, agricultural and leasing activities, alongside significant public funds and brokered deposits.
First Guaranty Bancshares is changing the terms of two insider-related debt agreements with Smith & Tate Investment, L.L.C., a company controlled by director and principal shareholder Edgar Ray Smith III. The original promissory note called for thirty-nine quarterly principal installments of $1,007,812.50 plus interest, followed by a final payment in 2033.
A prior amendment temporarily waived these principal payments and allowed the company, at its option, to pay interest in cash or in shares of common stock, with share amounts based on the prior day’s consolidated closing bid price. The new Second Promissory Note Amendment extends the waiver of principal payments through the March 31, 2028 interest payment date and extends the cash-or-stock interest payment option over this same Second Modified Payment Period.
The Second Subordinated Note Amendment similarly keeps in place First Guaranty’s ability to pay interest on its floating rate subordinated note, due March 28, 2034 and tied to the Prime Rate plus 75 basis points, in either cash or common stock during the Second Modified Payment Period.