First Guaranty Bancshares, Inc. (FGBI) Form 8-K — Oct 27, 2026
First Guaranty Bancshares (NASDAQ: FGBI) reported Q3 2026 net income of $12.0 million, or $0.69 per share, a sharp swing from a $(45.0) million loss in Q3 2025. Nine-month 2026 net income was $18.1 million versus a $(58.5) million loss a year earlier. The quarter's results were boosted by the July 31, 2026 sale of First Guaranty Bank's Texas operations to Armstrong Bank, which management estimates contributed approximately $17.6 million pre-tax. The transaction included five branches, roughly $234 million of deposits, and $88 million of loans sold at par with a 7.65% deposit premium.
Key figures
- Eps
- 0.69
- Revenue
- 17751000
- Net Income
- 11952000
- Total Assets
- 3152485000
- Cash Position
- 292770000
- Shares Outstanding
- 16638371
- Fhlb prepaid
- 135000000
- Nine month eps
- 1.01
- Deposit premium
- 17900000
- Texas loans sold
- 88000000
- Dividend per share
- $0.01
- Texas deposits sold
- 234000000
- Book value per share
- 11.17
- Nonperforming assets
- 71935000
- Nine month net income
- 18126000
- Net interest margin q3
- 2.08%
- Tier1 leverage ratio bank
- 8.29%
- Brokered deposits redeemed
- 130600000
- Reciprocal deposit reduction
- 291400000
- Tangible book value per share
- 11.1
- Texas sale pretax contribution
- 17600000
- Total risk based capital ratio bank
- 18.79%
AI analysis
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