First Guaranty Bancshares, Inc.

First Guaranty Bank, a subsidiary of First Guaranty Bancshares, Inc., entered into a Consent Order with the Federal Deposit Insurance Corporation (FDIC) and the Louisiana Office of Financial Institutions (OFI), effective August 7, 2026. The order addresses issues from a September 2025 examination, primarily relating to board oversight, capital maintenance, classified assets, credit administration, commercial real estate concentrations, and dividends. The Bank must maintain a Tier 1 leverage capital ratio of 9% and a total risk-based capital ratio of 14%, and is restricted from paying dividends without regulatory consent. As of June 30, 2026, the Bank's Tier 1 leverage ratio was 7.09%, and it believes it is in full compliance with the order except for this ratio.

First Guaranty Bancshares, Inc. announced that its wholly-owned subsidiary, First Guaranty Bank, completed the previously announced sale of its Texas operations. The transaction, which closed on July 31, 2026, involved the divestment of five branches, approximately $234 million in deposits, and about $88 million in loans to Armstrong Bank. This strategic move streamlines First Guaranty Bank's operations.

First Guaranty Bancshares, Inc. announced a quarterly distribution of $0.421875 per Depositary Share. This distribution results from a $16.875 per share quarterly cash dividend declared for its 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock. The dividend will be paid on September 1, 2026, to holders of record as of August 15, 2026.

First Guaranty Bancshares, Inc. reported net income of $3.4 million for the second quarter of 2026, marking its third consecutive quarter of positive earnings. Earnings per common share rose to $0.17. The company strengthened its balance sheet, with a Total Risk-Based Capital Ratio exceeding 16% and a reduction in balance sheet risk, while continuing to invest in operational efficiency.

First Guaranty Bancshares, Inc. reported a net income of $3.4 million for Q2 2026, a significant turnaround from a net loss of $(7.3) million in Q2 2025. Earnings per common share were $0.17, up from $(0.61) in the prior year. The company also announced a strategic agreement to sell its Texas operations, consisting of approximately $227 million in deposits and $93 million in loans, expected to close on July 31, 2026. Management highlighted progress in reducing non-performing and criticized assets, with nonaccrual loans decreasing by $19.0 million.

First Guaranty Bancshares, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.01 per share on the company's outstanding common stock. The dividend is scheduled to be paid on June 30, 2026, to shareholders who are on record as of June 26, 2026. This declaration continues a long-standing tradition, marking the 132nd consecutive quarterly dividend issued to common shareholders.

First Guaranty Bancshares, Inc. reported a net income of $2.7 million for the first quarter of 2026, a significant improvement from a loss in the prior year. The company achieved earnings of $0.14 per common share and reduced non-performing assets by $12.0 million. Management emphasized progress in strengthening earnings, improving capital ratios, and reducing balance sheet risk through strategic loan and deposit reductions.

First Guaranty Bank, a subsidiary of First Guaranty Bancshares, Inc., purchased three properties from FGB Partners, LLC for an aggregate cash price of $14,770,000. This transaction, which occurred on April 29, 2026, resulted in the termination of the absolute net lease agreements that the Bank had with FGB Partners. The properties, which include two branches and part of the headquarters, were initially part of a sale-leaseback transaction in June 2024, and FGB Partners is owned by related parties.

First Guaranty Bancshares, Inc. announced that its Board of Directors declared a quarterly distribution of $0.421875 per depositary share. This distribution, stemming from a $16.875 per share dividend on its 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock, will be paid on June 1, 2026. Holders of record as of May 15, 2026, will be eligible to receive the distribution.

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.