First Guaranty Banc reported net income of $3.4 million for the second quarter of 2026 and diluted earnings per common share of $0.17. For the six months ended June 30, 2026 the company reported net income of $6.174 million and earnings per common share of $0.31. The bank noted improved capital metrics, a reduced non-accrual relationship payoff, and continued balance sheet repositioning.

Financial Highlights

  • Second-quarter net income: $3.341 million (Q2 2026).
  • Six-month net income: $6.174 million (YTD 2026).
  • Earnings per common share: $0.17 for Q2 2026; $0.31 for six months ended June 30, 2026.
  • Total interest income: $51.281 million for Q2 2026; $103.556 million for six months ended June 30, 2026.
  • Total deposits: $3.457 billion and total loans: $1.765 billion (reported June 30, 2026); shareholders' equity: $227.350 million at June 30, 2026.

Business Highlights

  • Total Risk-Based Capital Ratio exceeded 16% at June 30, 2026, up from 11.28% at June 30, 2024, reflecting capital strengthening efforts.
  • A $14.0 million non-accrual relationship paid off during the quarter, improving asset quality.
  • Commercial real estate concentration reported at approximately 254.4% of total bank capital at June 30, 2026, noted as below regulatory guidance.
  • Management continued balance sheet risk reduction strategy: loans of $1.8 billion and deposits of $3.5 billion at June 30, 2026, aligned with stated strategy.
  • Ongoing investments in operational efficiency, including deployment of artificial intelligence solutions aimed at lowering costs and improving customer service.

Original SEC Filing:

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.