First Guaranty Bancshares Reports Third Quarter 2026 Results and Provides Strategic Update
Key Highlights
- ➤Q3 net income $12.0 million, or $0.69 per common share
- ➤Texas operations sale generated estimated $17.6 million pre-tax gain
- ➤Tier 1 leverage ratio rose to 8.29% from 7.10% sequentially
- ➤FHLB advances prepaid $135.0 million as balance sheet contracted
- ➤Substandard assets declined $31.2 million during the quarter
Expert Statements
Michael R. Mineer, President and Chief Executive Officer of First Guaranty Bancshares
“Our third-quarter results demonstrate meaningful progress in executing our strategic priorities”
Michael R. Mineer, President and Chief Executive Officer of First Guaranty Bancshares
“The sale of our Texas operations, reduction of wholesale funding, improvement in capital ratios, and continued reduction in classified assets have positioned the Bank for a stronger future.”
Michael R. Mineer, President and Chief Executive Officer of First Guaranty Bancshares
“We remain committed to strengthening the Company, improving asset quality, and serving our customers and communities while building long-term value for shareholders”
HAMMOND, La., Oct. 27, 2026 (GLOBE NEWSWIRE) -- First Guaranty Bancshares, Inc. ("First Guaranty") (NASDAQ: FGBI), the holding company for First Guaranty Bank, reported net income of $12.0 million, or $0.69 per common share, for the third quarter ended September 30, 2026, reflecting continued progress in First Guaranty’s efforts to strengthen capital, reduce balance sheet risk and improve operating performance. The quarter included the completion of the sale of the Bank's Texas operations to Armstrong Bank on July 31, 2026, which contributed an estimated $17.6 million pre-tax gain.
"Our third-quarter results demonstrate meaningful progress in executing our strategic priorities," said Michael R. Mineer, President and Chief Executive Officer. "The sale of our Texas operations, reduction of wholesale funding, improvement in capital ratios, and continued reduction in classified assets have positioned the Bank for a stronger future."
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