Recent Updates — FGBI

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.

First Guaranty Bancshares declared a quarterly cash dividend of $16.875 per share of its 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock. This results in a distribution of $0.421875 per depositary share, with each share representing a 1/40th interest in the preferred stock. The payment date is December 1, 2026, for holders of record as of November 15, 2026. First Guaranty Bancshares operates as a bank holding company providing financial services.

First Guaranty Bancshares, Inc. reported net income of $3.4 million and earnings per share of $0.17 for the second quarter of 2026, compared to a net loss of $7.3 million and loss per share of $0.61 for the same period in 2025. The company announced a quarterly cash dividend of $0.01 per common share. Additionally, First Guaranty Bank entered into an agreement on March 10, 2026, to sell its Texas operations, including five branches, to Armstrong Bank, with the transaction expected to close on July 31, 2026. The company operates as a financial holding company for a community bank providing services across Louisiana, Texas, Kentucky, and West Virginia.