First Guaranty Bancshares reported net income of $3.4 million for Q2 2026 and $6.2 million for the six months ended June 30, 2026, versus net losses in comparable 2025 periods. Total assets were $3.895 billion at June 30, 2026, with loans net of unearned income of $1.765 billion and total deposits of $3.457 billion. The company recorded a Q2 provision for credit losses of $2.6 million, charge-offs of $7.7 million, and held available-for-sale securities of $890.8 million at fair value.

Financial Highlights

  • Net income: $3.4 million for the three months ended June 30, 2026; net income (loss) was $(7.3) million in Q2 2025. Six-month net income: $6.2 million vs. $(13.5) million in 2025.
  • Total assets: $3,895,010 thousand at June 30, 2026 (down $183.3 million from December 31, 2025).
  • Loans, net of unearned income: $1,765,210 thousand at June 30, 2026 (allowance for credit losses $34,299 thousand).
  • Total deposits: $3,457,052 thousand at June 30, 2026 (down $175.8 million from December 31, 2025).
  • Per-share metrics: Earnings per common share $0.17 for Q2 2026 and $0.31 for the six months ended June 30, 2026; weighted average common shares outstanding 16,326,060 (Q2) and 16,062,514 (six months).

Business Highlights

  • Balance sheet mix shift: Investment securities increased to $1.214 billion (available-for-sale $890.8 million, held-to-maturity $323.2 million) while loans declined from $2.070 billion at year-end to $1.765 billion.
  • Credit portfolio actions: Special mention relationships totaled $186.6 million and substandard relationships totaled $276.6 million as of June 30, 2026; largest 10 non-performing loan relationships comprised 78% of total non-performing assets.
  • Asset resolution activity: Other real estate owned decreased to $29.7 million from $35.1 million at year-end; notable transfers and statuses include an independent living center in OREO and a mobile home park transferred to OREO in Q2 2026.
  • Operational footprint: Bank continues to operate thirty locations across Louisiana, Texas, Kentucky and West Virginia and announced an agreement to sell Texas operations (five branches) to Armstrong Bank expected to close July 31, 2026.
  • Workforce and expenses: Full-time equivalent employees totaled 333 at June 30, 2026 (down from 360 a year earlier); noninterest expense for Q2 2026 was $17.2 million, with core categories including salaries, software/amortization and regulatory assessments.

Original SEC Filing:

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