Welcome to our dedicated page for First Gty Bancsh SEC filings (Ticker: FGBIP), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The FGBIP SEC filings page focuses on regulatory documents that reference First Guaranty Bancshares, Inc.’s 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock and its related depositary shares. In these filings, the company identifies FGBIP as the Nasdaq symbol for depositary shares, each representing a 1/40th interest in a share of the Series A preferred stock.
Investors can use this page to review Form 8-K and 8-K/A reports that describe quarterly cash dividends on the Series A Preferred Stock and the resulting distributions to holders of FGBIP depositary shares. For example, the company has filed 8-Ks detailing quarterly distributions of $0.421875 per depositary share, tied to a $16.875 per share dividend on the underlying preferred stock. Other 8-K filings discuss capital actions such as private placements of common stock, exchanges of subordinated notes for equity, and amendments to financing arrangements, which help explain how preferred equity fits into the issuer’s broader capital structure.
Beyond current reports, this page also surfaces filings like NT 10-Q notifications when the company experiences delays in filing its quarterly report, as well as disclosures about changes in the independent registered public accounting firm. These documents provide additional insight into the company’s financial reporting process and governance, which are relevant for holders of both common and preferred securities.
Stock Titan enhances access to these filings with AI-powered summaries that highlight key points from lengthy documents, such as dividend terms, capital transactions, and changes in financial metrics described in attached press releases. Real-time updates from EDGAR ensure that new 8-K, 10-Q, and related filings referencing FGBIP appear promptly, while Form 4 and other ownership reports can be used to track insider activity at the issuer level. This combination of primary documents and AI-generated explanations helps investors understand how First Guaranty Bancshares, Inc.’s regulatory disclosures affect the 6.75% Series A preferred stock and its FGBIP depositary shares.
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, 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, Inc. calls its 2026 annual shareholder meeting for May 21, 2026, seeking votes to elect seven directors, approve a non-binding advisory “say‑on‑pay” resolution, and ratify EisnerAmper, LLP as auditor for 2026.
Shareholders of record as of March 30, 2026 may vote one share per each of the 15,793,433 common shares outstanding; preferred shares are non‑voting. Directors and executive officers as a group beneficially own about 49.4% of common stock, with Vice Chairman Edgar R. Smith III at 33.3% and Chairman Marshall T. Reynolds at 13.3%.
Executive compensation disclosure shows 2025 total pay of $464,421 for CEO Michael R. Mineer and $235,643 for CFO Eric J. Dosch, primarily salary and cash bonuses, with no outstanding equity awards or change‑in‑control arrangements. The filing reports a 2025 net loss of $58.35 million versus $10.12 million net income in 2024 and details significant related‑party financing, including exchanges and payment‑in‑kind interest on subordinated and senior notes held or controlled by entities affiliated with Mr. Smith, and a prior sale‑leaseback of branches involving directors.
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 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 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. 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, 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.
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.
First Guaranty Bancshares, Inc. reported that its Board of Directors declared a quarterly cash dividend of $0.01 per share on its outstanding common stock on February 19, 2026. The dividend will be paid on March 31, 2026 to shareholders of record as of March 27, 2026.
This payment marks the company’s 131st consecutive quarterly dividend to common shareholders, highlighting a long-standing pattern of regular cash returns.
First Guaranty Bancshares, Inc. reported that its Board of Directors declared a quarterly cash dividend of $0.01 per share on its outstanding common stock on February 19, 2026. The dividend will be paid on March 31, 2026 to shareholders of record as of March 27, 2026.
This payment marks the company’s 131st consecutive quarterly dividend to common shareholders, highlighting a long-standing pattern of regular cash returns.
First Guaranty Bancshares, Inc. reported a challenging 2025, with a net loss of $56.0 million and a loss per common share of $4.17, compared with a profit in 2024. Results were driven by heavy credit costs, including a $81.7 million provision for credit losses, $77.2 million in loan charge-offs, and a $12.9 million goodwill impairment.
Despite the full-year loss, the bank returned to profitability in the fourth quarter, earning $2.5 million in net income and $0.12 per common share. Total loans fell to $2.1 billion, down 23.2%, as management intentionally shrank the portfolio to reduce risk, while deposits rose to $3.6 billion, up 4.5%, supporting liquidity. Nonperforming assets declined from $126.3 million to $95.5 million, and the risk-weighted capital ratio improved to 13.48% as of December 31, 2025.
First Guaranty Bancshares, Inc. reported a challenging 2025, with a net loss of $56.0 million and a loss per common share of $4.17, compared with a profit in 2024. Results were driven by heavy credit costs, including a $81.7 million provision for credit losses, $77.2 million in loan charge-offs, and a $12.9 million goodwill impairment.
Despite the full-year loss, the bank returned to profitability in the fourth quarter, earning $2.5 million in net income and $0.12 per common share. Total loans fell to $2.1 billion, down 23.2%, as management intentionally shrank the portfolio to reduce risk, while deposits rose to $3.6 billion, up 4.5%, supporting liquidity. Nonperforming assets declined from $126.3 million to $95.5 million, and the risk-weighted capital ratio improved to 13.48% as of December 31, 2025.
First Guaranty Bancshares, Inc. filed a Form 8-K to announce that it issued a press release with its financial results for the three months and year ended December 31, 2025. The press release, dated January 28, 2026, is included as Exhibit 99.1 to the filing.
The company states that the press release is being "furnished" rather than "filed" for purposes of certain securities law provisions, meaning it is provided for informational disclosure without being incorporated into other Securities Act filings by default.