Every 10-Q that First Guaranty Bancshares, Inc. 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock (FGBIP) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow FGBIP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FGBIP filings page.
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 $2.7 million in net income for the first quarter of 2026, versus a $6.2 million net loss a year earlier. Net interest income was $20.7 million, versus $22.2 million; the provision for credit losses was $2.6 million, versus $14.5 million. Net interest margin was 2.07%, compared with 2.35%.
At March 31, 2026, total assets were $4.0 billion, loans were $1.9 billion (down $145.2 million, or 7.0%, from year-end), and deposits were $3.5 billion (down $125.3 million, or 3.4%). Nonaccrual loans were $54.4 million, versus $59.6 million at December 31, 2025. Operating cash flow was $50.6 million, versus $5.4 million a year earlier.
First Guaranty Bank agreed to sell its Texas operations—five branches and related deposits, loans and certain other assets—to Armstrong Bank; the transaction is expected to include approximately $270 million in deposits and $110 million in loans. On April 30, 2026, First Guaranty completed a 436,204-share private placement at $9.17 per share, generating approximately $4.0 million in gross proceeds for general corporate purposes. It repurchased three properties on April 29, 2026. Amendments to related-party notes with Smith & Tate Investment, L.L.C. extend a quarterly principal-payment waiver through March 31, 2028; both notes permit interest payments in cash or common stock.
First Guaranty Bancshares reported a net loss of $(7.3) million for the quarter and $(13.5) million for the six months ended June 30, 2025, driven primarily by a substantially higher provision for credit losses totaling $16.6 million for the quarter and $31.2 million year-to-date (including a subsequent $1.9 million additional provision). The allowance for credit losses rose to $58.9 million, or 2.44% of loans.
The company continued shrinking loan exposure as part of a risk-reduction strategy: total loans fell to $2.41 billion and total assets were $4.0 billion. Investment securities increased to $719.7 million. Shareholders' equity rose to $263.1 million largely from conversion of subordinated debt and private placement common stock, while retained earnings declined to $58.1 million. Management disclosed a material weakness in internal controls over loan operations and remediation steps are underway.