Recent Updates — FGBIP
First Guaranty Bancshares declared a quarterly cash dividend of $0.01 per share on its common stock. The payment is payable to shareholders of record as of September 25, 2026, and is expected to be paid on September 30, 2026. This marks the company's 133rd consecutive quarterly dividend. First Guaranty Bancshares operates in the banking industry, providing financial services through its subsidiary banks.
First Guaranty Bancshares, Inc.'s subsidiary, First Guarigy Bank, entered into a Consent Order with the FDIC and Louisiana Office of Financial Institutions effective August 7, 2026. The order mandates maintaining a Tier 1 leverage ratio of at least 9% and a total risk-based capital ratio of at least 14%, restricting dividends without regulatory consent, and requiring charge-offs or collection plans for classified assets identified in a September 2025 examination. As of June 30, 2026, the bank reported a Tier 1 leverage ratio of 7.09% and a total risk-based capital ratio of 16.21%. This regulatory action signals significant credit quality concerns and operational weaknesses in loan underwriting and commercial real estate monitoring. First Guaranty Bancshares operates as a bank holding company providing financial services through its subsidiary bank.
First Guaranty Bancshares completed the sale of its Texas operations to Armstrong Bank on July 31, 2026. The transaction included five branches and involved approximately $234 million in deposits and $88 million in loans. First Guaranty Bancshares operates as a bank holding company providing financial services.
First Guaranty Bancshares declared a quarterly cash dividend of $16.875 per share on its Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock, resulting in a distribution of $0.421875 per Depositary Share (each representing a 1/40th interest). The record date for the depositary shares is August 15, 2026, and payment will occur on September 1, 2026. First Guaranty Bancshares operates in the banking industry as a financial holding company.