Quarterly ResultApr 27, 2026, 04:34 PM
FGBI Q1 Net Income $2.7M (vs $(6.2)M loss); EPS $0.14
AI Summary
First Guaranty Bancshares, Inc. announced its Q1 2026 financial results, reporting net income of $2.7 million, a significant increase from a $(6.2) million loss in Q1 2025. Earnings per common share were $0.14, up from $(0.54) in the prior year. The company successfully reduced non-performing assets by $12.0 million and improved its bank risk-weighted capital ratio to 14.71%. While total assets, loans, and deposits decreased, the company generated positive earnings for common shareholders and increased retained earnings.
Key Highlights
- Net income for Q1 2026 was $2.7 million, an increase of $8.9 million YoY.
- Earnings per common share were $0.14 for Q1 2026, up from $(0.54) YoY.
- Non-performing assets reduced by $12.0 million.
- Bank risk-weighted capital ratio improved to 14.71% from 13.48% at Dec 31, 2025.
- Total assets decreased by $119.8 million to $4.0 billion at March 31, 2026.
- Total loans decreased by $145.2 million (7.0%) to $1.9 billion.
- Provision for credit losses decreased to $2.6 million from $14.5 million YoY.
- Declared cash dividend of $0.01 per common share.