First Guaranty Bancshares (FGBI) reported unaudited second-quarter 2026 net income of $3.4 million, compared with a net loss of $7.3 million a year earlier. Earnings per common share were $0.17, compared with a loss of $0.61 per common share for the second quarter of 2025.
Net interest income was $22.3 million for the quarter, compared with $22.2 million a year earlier. The provision for credit losses declined to $2.6 million from $16.6 million in the prior-year quarter.
- Total assets were $3.9 billion at June 30, 2026, down from $4.1 billion at December 31, 2025.
- Total loans were $1.8 billion, down $304.6 million, or 14.7%, from year-end 2025.
- Total deposits were $3.5 billion, down $175.8 million, or 4.8%, from December 31, 2025.
- Nonaccrual loans decreased to $40.6 million from $59.6 million at December 31, 2025.
- The allowance for credit losses was 1.94% of total loans at June 30, 2026.
- The board declared a $0.01 per common share cash dividend in the second quarter.
- First Guaranty said its sale of Texas operations to Armstrong Bank is expected to close on July 31, 2026.
