HAMMOND, La., July 28, 2026 (GLOBE NEWSWIRE) -- First Guaranty Bancshares, Inc. ("First Guaranty") (NASDAQ: FGBI), the holding company for First Guaranty Bank, reported net income of $3.4 million, or $0.17 per common share, for the second quarter ended June 30, 2026. That compared with $0.14 per common share in the first quarter ended March 31, 2026 and $0.12 per common share in the fourth quarter ended December 31, 2025.

Second-Quarter 2026 Highlights

• Net income was $3.4 million, and net income available to common shareholders was $2.8 million.
• Nonaccrual loans decreased $19.0 million to $40.6 million from $59.6 million at December 31, 2025.
• Total assets were $3.9 billion, total loans were $1.8 billion, and total deposits were $3.5 billion.
• Shareholders’ equity was $227.4 million, and book value per common share was $11.75.
• The bank’s total capital ratio improved to more than 16% at June 30, 2026.

"We continue to move forward with our business strategy to reduce balance sheet risk, improve earnings, and grow capital. By improving our bank Total Capital ratio to over 16% at June 30, 2026, we have come a long way in managing credit risk. We are actively reducing our non-performing and criticized assets and building a more diversified loan portfolio," said Michael R. Mineer, President and Chief Executive Officer of First Guaranty.

The quarter’s results come as the bank continues working through credit quality cleanup while maintaining a multi-state branch footprint across Louisiana, Texas, Kentucky and West Virginia. For readers tracking regional lenders, the reduction in nonaccrual loans and the stronger capital ratio are the key reported indicators in this release because they speak to balance sheet strength and the bank’s ability to absorb risk, alongside the earnings and deposit base it disclosed for the period.

For the full release, click here.

About First Guaranty Bancshares, Inc.

First Guaranty Bancshares, Inc. is the holding company for First Guaranty Bank, a Louisiana state-chartered bank. Founded in 1934, First Guaranty Bank offers a wide range of financial services and focuses on building client relationships and providing exceptional customer service. The bank currently operates 30 locations throughout Louisiana, Texas, Kentucky and West Virginia. First Guaranty’s common stock trades on the NASDAQ under the symbol FGBI. For more information, visit www.fgb.net.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. Forward-looking statements are any statements other than statements of historical fact that represent the company’s current judgment about possible future events. The company said these judgments are reasonable, but noted that they are not guarantees of any future events or financial results and that actual results may differ materially because of a variety of factors, many of which are described in its most recent Annual Report on Form 10-K and other filings with the U.S. Securities and Exchange Commission.

The company cautioned readers not to place undue reliance on forward-looking statements. Such statements speak only as of the date they are made, and the company undertakes no obligation to update or otherwise revise them.

CONTACT: Eric Dosch, CFO
985.375.0308