First Guaranty Bancshares Reports Third Quarter 2026 Results and Provides Strategic Update
First Guaranty Bancshares reported Q3 2026 net income of $12.0 million ($0.69 EPS), boosted by an estimated $17.6 million pre-tax gain on the July 31 sale of its Texas operations to Armstrong Bank. The bank executed a deep balance-sheet cleanup: prepaying $135M of FHLB advances, redeeming $130.6M of brokered deposits, and cutting substandard assets by $31.2M, while Tier 1 leverage rose to 8.29% from 7.10%.
Key figures
- Eps
- 0.69
- Net Income
- 12000000
- Total assets
- 3200000000
- Fhlb prepayment
- 135000000
- Deposit reduction
- 291400000
- Net income to common
- 11400000
- Tier1 leverage ratio
- 8.29%
- Total assets dec 2025
- 4100000000
- Cre concentration ratio
- 199%
- Pretax gain on texas sale
- 17600000
- Brokered deposit redemption
- 130600000
- Substandard asset reduction q
- 31200000
- Total risk based capital ratio
- 18.79%
- Tier1 leverage ratio prior quarter
- 7.10%
AI analysis
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