Earnings ·
First Guaranty reports $12.0M Q3 net income on Texas sale gain
FGBIFirst Guaranty Bancshares, Inc.
First Guaranty Bancshares reported third-quarter 2026 net income of $12.0 million, or $0.69 per share, compared to a loss of $45.0 million in the prior year period. The turnaround was driven by an estimated $17.6 million pre-tax gain from the July sale of its Texas operations to Armstrong Bank. Total assets decreased 23% to $3.2 billion as the bank reduced leverage and non-performing assets under a regulatory Consent Order, including the early payoff of $135 million in FHLB advances. The company also declared a quarterly cash dividend of $0.01 per common share. First Guaranty Bancshares is a Louisiana-based holding company for a community banking franchise.