FGBIP 8-K

First Guaranty Bancshares, Inc. (FGBIP)

8-K 2026-07-27 For: 2026-07-27

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Added on July 27, 2026

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Louisiana	001-37621	26-0513559
(State or other jurisdiction	(Commission File Number)	(I.R.S. Employer
incorporation or organization)		Identification Number)

400 East Thomas Street
Hammond, Louisiana		70401
(Address of principal executive offices)		(Zip Code)


(985) 345-7685
(Registrant’s telephone number, including area code)

Not Applicable
(Former name or former address, if changed since last report)




	FIRST GUARANTY BANCSHARES, INC.
	(Registrant)
Date: July 27, 2026
	By:	/s/Eric J. Dosch
		Eric J. Dosch
		Chief Financial Officer


Exhibit Number			Description
Exhibit 99.1			Press Release July 27, 2026 "First Guaranty Bancshares, Inc. Announces Second Quarter 2026 Financial Results."
Exhibit 99.2			Letter to Shareholders dated July 27, 2026.


FIRST GUARANTY BANCSHARES, INC. AND SUBSIDIARY
CONSOLIDATED BALANCE SHEETS (unaudited)

(in thousands, except share data)	June 30, 2026		December 31, 2025
Assets
Cash and cash equivalents:
Cash and due from banks	$	781,030	$	845,150
Federal funds sold	546		551
Cash and cash equivalents	781,576		845,701

Interest-earning time deposits with banks	250		250

Investment securities:
Available for sale, at fair value (cost of $901,862 and $674,139 respectively)	890,758		676,592
Held to maturity, at cost and net of allowance for credit losses of $150 (estimated fair value of $265,294 and $268,094 respectively)	323,203		322,675
Investment securities	1,213,961		999,267

Federal Home Loan Bank stock, at cost	10,433		10,206


Loans, net of unearned income	1,765,210		2,069,802
Less: allowance for credit losses	34,299		40,755
Net loans	1,730,911		2,029,047

Premises and equipment, net	72,656		59,585

Intangible assets, net	2,218		2,638
Other real estate, net	29,721		35,084
Accrued interest receivable	11,875		12,455
Other assets	41,409		84,088
Total Assets	$	3,895,010	$	4,078,321

Liabilities and Shareholders' Equity
Deposits:
Noninterest-bearing demand	$	415,296	$	414,604
Interest-bearing demand	1,092,746		1,165,061
Savings	224,436		213,936
Time	1,724,574		1,839,276
Total deposits	3,457,052		3,632,877



Repurchase agreements	7,227		7,119
Accrued interest payable	17,492		17,637
Long-term advances from Federal Home Loan Bank	135,000		135,000
Senior long-term debt	14,214		14,203
Junior subordinated debentures	29,835		29,805
Other liabilities	6,840		15,462
Total Liabilities	3,667,660		3,852,103

Shareholders' Equity
Preferred stock, Series A - $1,000 par value - 100,000 shares authorized
Non-cumulative perpetual; 34,500 issued and outstanding	33,058		33,058
Common stock, $1 par value - 100,600,000 shares authorized; 16,539,094 and 15,793,433 shares issued and outstanding	16,539		15,793
Surplus	176,492		170,621
Retained earnings	18,742		14,055
Accumulated other comprehensive (loss) income	(17,481)		(7,309)
Total Shareholders' Equity	227,350		226,218
Total Liabilities and Shareholders' Equity	$	3,895,010	$	4,078,321
See Notes to Consolidated Financial Statements


FIRST GUARANTY BANCSHARES, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF INCOME (unaudited)
	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except share data)	2026		2025		2026		2025
Interest Income:
Loans (including fees)	$	33,090	$	41,013	$	66,369	$	83,982
Deposits with other banks	6,073		7,511		14,710		13,510
Securities (including FHLB stock)	12,118		5,797		22,477		11,292
Total Interest Income	51,281		54,321		103,556		108,784

Interest Expense:
Demand deposits	8,241		12,708		17,851		24,912
Savings deposits	963		1,336		1,909		2,598
Time deposits	17,395		15,196		35,994		31,086
Borrowings	2,404		2,841		4,835		5,725
Total Interest Expense	29,003		32,081		60,589		64,321

Net Interest Income	22,278		22,240		42,967		44,463
Less: Provision for credit losses	2,625		16,610		5,250		31,158
Net Interest Income after Provision for Credit Losses	19,653		5,630		37,717		13,305

Noninterest Income:
Service charges, commissions and fees	736		834		1,494		1,683
ATM and debit card fees	655		778		1,297		1,525
Net gains on securities	—		—		1		—

Net gains on sale of assets	—		—		44		4
Other	508		544		1,271		1,298
Total Noninterest Income	1,899		2,156		4,107		4,510

Total Business Revenue, Net of Provision for Credit Losses	21,552		7,786		41,824		17,815

Noninterest Expense:
Salaries and employee benefits	7,029		7,843		14,381		16,284
Occupancy and equipment expense	2,361		2,605		4,825		5,245

Other	7,818		6,819		14,731		13,755
Total Noninterest Expense	17,208		17,267		33,937		35,284

Income (Loss) Before Income Taxes	4,344		(9,481)		7,887		(17,469)
Provision (benefit) for income taxes	913		(2,178)		1,713		(4,000)
Net Income (Loss)	3,431		(7,303)		6,174		(13,469)
Less: Preferred stock dividends	582		582		1,164		1,164
Net Income (Loss) Available to Common Shareholders	$	2,849	$	(7,885)	$	5,010	$	(14,633)

Per Common Share:
Earnings (Loss)	$	0.17	$	(0.61)	$	0.31	$	(1.15)
Cash dividends paid	$	0.01	$	0.01	$	0.02	$	0.02

Weighted Average Common Shares Outstanding	16,326,060		12,910,785		16,062,514		12,709,905
See Notes to Consolidated Financial Statements


FIRST GUARANTY BANCSHARES, INC. AND SUBSIDIARY
CONSOLIDATED AVERAGE BALANCE SHEETS (unaudited)

	Three Months Ended June 30, 2026						Three Months Ended June 30, 2025
(in thousands except for %)	Average Balance		Interest		Yield/Rate (5)		Average Balance		Interest		Yield/Rate (5)
Assets
Interest-earning assets:
Interest-earning deposits with banks	$	657,069	$	6,073	3.71	%	$	676,456	$	7,511	4.45	%
Securities (including FHLB stock)	1,243,273		12,118		3.91	%	671,090		5,797		3.46	%
Federal funds sold	544		—		—	%	573		—		—	%
Loans held for sale	—		—		—	%	—		—		—	%
Loans, net of unearned income (6)	1,864,702		33,090		7.12	%	2,459,978		41,013		6.69	%
Total interest-earning assets	3,765,588		$	51,281	5.46	%	3,808,097		$	54,321	5.72	%

Noninterest-earning assets:
Cash and due from banks	24,787						20,676
Premises and equipment, net	68,430						66,172
Other assets	44,854						22,876
Total Assets	$	3,903,659					$	3,917,821

Liabilities and Shareholders' Equity
Interest-bearing liabilities:
Demand deposits	$	1,064,664	$	8,241	3.11	%	$	1,367,486	$	12,708	3.73	%
Savings deposits	219,383		963		1.76	%	243,589		1,336		2.20	%
Time deposits	1,759,634		17,395		3.96	%	1,406,320		15,196		4.33	%
Borrowings	186,565		2,404		5.17	%	200,862		2,841		5.67	%
Total interest-bearing liabilities	3,230,246		$	29,003	3.60	%	3,218,257		$	32,081	4.00	%

Noninterest-bearing liabilities:
Demand deposits	416,385						406,409
Other	31,969						39,427
Total Liabilities	3,678,600						3,664,093

Shareholders' equity	225,059						253,728
Total Liabilities and Shareholders' Equity	$	3,903,659					$	3,917,821
Net interest income			$	22,278					$	22,240

Net interest rate spread (1)					1.86	%					1.72	%
Net interest-earning assets (2)	$	535,342					$	589,840
Net interest margin (3), (4)					2.37	%					2.34	%

Average interest-earning assets to interest-bearing liabilities					116.57	%					118.33	%


FIRST GUARANTY BANCSHARES, INC. AND SUBSIDIARY
CONSOLIDATED AVERAGE BALANCE SHEETS (unaudited)

	Six Months Ended June 30, 2026						Six Months Ended June 30, 2025
(in thousands except for %)	Average Balance		Interest		Yield/Rate (5)		Average Balance		Interest		Yield/Rate (5)
Assets
Interest-earning assets:
Interest-earning deposits with banks	$	800,580	$	14,710	3.71	%	$	612,331	$	13,510	4.45	%
Securities (including FHLB stock)	1,174,109		22,477		3.86	%	664,386		11,292		3.43	%
Federal funds sold	546		—		—	%	523		—		—	%
Loans held for sale	—		—		—	%	1,705		—		—	%
Loans, net of unearned income (6)	1,936,196		66,369		6.91	%	2,541,990		83,982		6.66	%
Total interest-earning assets	3,911,431		$	103,556	5.34	%	3,820,935		$	108,784	5.74	%

Noninterest-earning assets:
Cash and due from banks	24,411						20,517
Premises and equipment, net	63,743						66,550
Other assets	46,862						26,847
Total Assets	$	4,046,447					$	3,934,849

Liabilities and Shareholders' Equity
Interest-bearing liabilities:
Demand deposits	$	1,146,400	$	17,851	3.14	%	$	1,370,630	$	24,912	3.67	%
Savings deposits	217,272		1,909		1.77	%	240,265		2,598		2.18	%
Time deposits	1,817,975		35,994		3.99	%	1,423,912		31,086		4.40	%
Borrowings	186,351		4,835		5.23	%	201,441		5,725		5.73	%
Total interest-bearing liabilities	3,367,998		$	60,589	3.63	%	3,236,248		$	64,321	4.01	%

Noninterest-bearing liabilities:
Demand deposits	416,993						404,214
Other	35,461						39,679
Total Liabilities	3,820,452						3,680,141

Shareholders' equity	225,995						254,708
Total Liabilities and Shareholders' Equity	$	4,046,447					$	3,934,849
Net interest income			$	42,967					$	44,463

Net interest rate spread (1)					1.71	%					1.73	%
Net interest-earning assets (2)	$	543,433					$	584,687
Net interest margin (3), (4)					2.22	%					2.35	%

Average interest-earning assets to interest-bearing liabilities					116.14	%					118.07	%


	June 30, 2026				March 31, 2026				December 31, 2025				September 30, 2025
(in thousands except for %)	Balance		As % of Category		Balance		As % of Category		Balance		As % of Category		Balance		As % of Category
Real Estate:
Construction & land development	$	99,000	5.6	%	$	109,758	5.7	%	$	149,493	7.2	%	$	231,156	10.1	%
Farmland	30,878		1.7	%	31,377		1.6	%	32,160		1.5	%	31,685		1.4	%
1- 4 Family	420,388		23.8	%	427,518		22.2	%	428,773		20.7	%	441,017		19.3	%
Multifamily	85,772		4.8	%	127,973		6.6	%	144,235		6.9	%	137,582		6.0	%
Non-farm non-residential	790,300		44.7	%	879,022		45.5	%	948,536		45.7	%	1,003,198		43.9	%
Total Real Estate	1,426,338		80.6	%	1,575,648		81.6	%	1,703,197		82.0	%	1,844,638		80.7	%
Non-Real Estate:
Agricultural	42,860		2.4	%	37,899		2.0	%	35,244		1.7	%	44,737		2.0	%
Commercial and industrial	222,627		12.6	%	214,368		11.1	%	228,738		11.0	%	227,077		9.9	%
Commercial leases	56,619		3.2	%	71,110		3.7	%	75,617		3.7	%	134,958		5.9	%
Consumer and other	21,223		1.2	%	31,070		1.6	%	33,023		1.6	%	34,763		1.5	%
Total Non-Real Estate	343,329		19.4	%	354,447		18.4	%	372,622		18.0	%	441,535		19.3	%
Total loans before unearned income	1,769,667		100.0	%	1,930,095		100.0	%	2,075,819		100.0	%	2,286,173		100.0	%
Unearned income	(4,457)				(5,518)				(6,017)				(6,432)
Total loans net of unearned income	$	1,765,210			$	1,924,577			$	2,069,802			$	2,279,741


(in thousands)	June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025
Nonaccrual loans:
Real Estate:
Construction and land development	$	18,823		$	9,466		$	9,281		$	8,707
Farmland	2,595			2,633			2,671			2,777
1- 4 family	7,593			8,865			9,768			10,536
Multifamily	2,215			2,231			2,278			23,998
Non-farm non-residential	7,064			21,789			24,347			42,532
Total Real Estate	38,290			44,984			48,345			88,550
Non-Real Estate:
Agricultural	1,436			1,645			2,172			1,886
Commercial and industrial	841			1,224			2,266			5,339
Commercial leases	—			6,483			6,640			18,358
Consumer and other	27			73			158			132
Total Non-Real Estate	2,304			9,425			11,236			25,715
Total nonaccrual loans	40,594			54,409			59,581			114,265

Loans 90 days and greater delinquent & accruing:
Real Estate:
Construction and land development	—			—			—			—
Farmland	—			—			—			—
1- 4 family	—			107			763			—
Multifamily	—			—			—			—
Non-farm non-residential	—			123			33			—
Total Real Estate	—			230			796			—
Non-Real Estate:
Agricultural	—			—			—			—
Commercial and industrial	—			—			—			—
Commercial leases	—			—			—			—
Consumer and other	—			—			—			—
Total Non-Real Estate	—			—			—			—
Total loans 90 days and greater delinquent & accruing	—			230			796			—

Total non-performing loans	40,594			54,639			60,377			114,265

Real Estate Owned:
Real Estate Loans:
Construction and land development	1,161			1,161			8,161			8,545
Farmland	—			—			—			—
1- 4 family	897			851			351			234
Multifamily	—			—			—			—
Non-farm non-residential	27,663			26,860			26,572			3,271
Total Real Estate	29,721			28,872			35,084			12,050
Non-Real Estate Loans:
Agricultural	—			—			—			—
Commercial and industrial	—			—			—			—
Commercial leases	—			—			—			—
Consumer and other	—			—			—			—
Total Non-Real Estate	—			—			—			—
Total Real Estate Owned	29,721			28,872			35,084			12,050

Total non-performing assets	$	70,315		$	83,511		$	95,461		$	126,315

Non-performing assets to total loans	3.98		%	4.34		%	4.61		%	5.54		%
Non-performing assets to total assets	1.81		%	2.11		%	2.34		%	3.33		%
Non-performing loans to total loans	2.30		%	2.84		%	2.92		%	5.01		%
Nonaccrual loans to total loans	2.30		%	2.83		%	2.88		%	5.01		%
Allowance for credit losses to nonaccrual loans	84.49		%	70.74		%	68.40		%	75.01		%
Net loan charge-offs to average loans	1.22		%	0.99		%	3.17		%	1.55		%


Top 10 Non-Performing Assets
		Balance		Allocated Reserve		Origination Year	Location
	Asset Description
1	Independent Living Center OREO	$	23,301	$	—	2021	Louisiana
2	Assisted Living Center	10,789		—		2023-2025	Texas
3	Commercial Land Development	7,723		73		2023	Texas
4	Apartment Complex	5,181		794		2023	Louisiana
5	Farmland	2,391		—		2020	Louisiana
6	Hotel	1,522		550		2016	Louisiana
7	Commercial Building	1,175		—		2023	West Virginia
8	Commercial Real Estate	965		—		2017	Texas
9	Retail Strip Center	833		5		2016	Louisiana
10	Mobile Home Park OREO	831		—		2020	New Mexico
		$	54,711	$	1,422


Top 10 Nonperforming Assets
		March 31, 2026					June 30, 2026
		Balance		Allocated Reserve		Location	Status
	Asset Description
1	Independent Living Center	$	23,301	$	—	Louisiana	Remains in OREO
2	Assisted Living Center	14,488		—		Louisiana	Paid Off
3	Assisted Living Center	9,138		—		Texas	Remains Nonaccrual
4	Commercial Lease	5,711		—		Multistate	Charged Off
5	Apartment Complex	5,208		857		Louisiana	Remains Nonaccrual
6	Farmland	1,422		—		Louisiana	Remains Nonaccrual
7	Commercial Real Estate	1,308		28		Texas	Remains Nonaccrual
8	Commercial Building	1,199		21		West Virginia	Remains Nonaccrual
9	Mobile Home Park	1,164		—		New Mexico	Transferred to OREO
10	Poultry/Cattle Farm	997		—		Louisiana	Remains Nonaccrual
		$	63,936	$	906


Top 10 Special Mention Relationships
		Balance		Allocated Reserve		Origination Year(s)	Location
	Relationship Description
1	Assisted Living Facility	33,467		—		2022	Alabama
2	Construction Business	20,607		—		2022-2024	Louisiana & Texas
3	Assisted Living Facility	16,602		—		2017	Louisiana
4	Recreational Park	16,465		—		2020	Louisiana
5	Land Subdivision	16,152		—		2022	Texas
6	Warehouse Facility	15,750		—		2011	Louisiana & Tennessee
7	Hotel Property	14,518		—		2023	Florida
8	Multipurpose Commercial Real Estate Building	8,884		—		2023	Louisiana
9	Multipurpose Commercial Real Estate Building	7,317		—		2021	Texas
10	Hotel Property	4,592		—		2023	Georgia
		$	154,354	$	—


Top 10 Substandard Relationships
		Balance			Allocated Reserve		Origination Year(s)	Location
	Relationship Description
1	Medical Facilities	$	45,302		$	—	2008-2022	Louisiana
2	Owner Occupied Office Building	30,705			—		2023	Utah
3	Manufacturing Company	30,270			—		2015-2024	Louisiana
4	Medical Facilities	23,176		`	—		2020-2021	Arkansas
5	Commercial Retail Shopping Center	13,204			—		2020-2022	Oklahoma
6	Food Processor	12,755			—		2022-2024	Ohio
7	Gas Station & Convenience Store	11,420			—		2023	Louisiana
8	Assisted Living Facility	10,789			—		2023-2025	Texas
9	Commercial Land Development	7,723			73		2023	Texas
10	Timber & Lodging	7,006			—		2022-2024	Louisiana
		$	192,350		$	73


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2026		2025		2026		2025
Other noninterest expense:
Legal and professional fees	$	787	$	671	$	1,480	$	1,759
Data processing	365		349		690		686
ATM fees	344		502		702		852
Marketing and public relations	189		163		411		404
Taxes - sales, capital, and franchise	518		543		1,034		1,043
Operating supplies	39		49		111		86
Software expense and amortization	1,237		1,188		2,409		2,404
Travel and lodging	127		126		182		198
Telephone	92		104		186		195
Amortization of core deposit intangibles	174		174		348		348
Donations	86		82		153		140
Net costs from other real estate and repossessions	530		24		898		74
Regulatory assessment	1,808		1,609		3,616		3,153
Other	1,522		1,235		2,511		2,413
Total other noninterest expense	$	7,818	$	6,819	$	14,731	$	13,755


	Three Months Ended June 30,		Three Months Ended March 31,		Three Months Ended December 31,		Three Months Ended September 30,
(in thousands)	2026		2026		2025		2025
Other noninterest expense:
Legal and professional fees	$	787	$	693	$	665	$	988
Data processing	365		325		331		336
ATM fees	344		358		432		390
Marketing and public relations	189		222		174		151
Taxes - sales, capital, and franchise	518		516		237		542
Operating supplies	39		72		48		66
Software expense and amortization	1,237		1,172		1,289		1,211
Travel and lodging	127		55		133		88
Telephone	92		94		91		88
Amortization of core deposit intangibles	174		174		174		174
Donations	86		67		33		51
Net costs from other real estate and repossessions	530		368		815		13
Regulatory assessment	1,808		1,808		1,778		1,777
Other	1,522		989		1,437		1,330
Total other noninterest expense	$	7,818	$	6,913	$	7,637	$	7,205


	At June 30,			At December 31,
(in thousands except for share data and %)	2026			2025			2024			2023			2022
Tangible Common Equity
Total shareholders' equity	$	227,350		$	226,218		$	255,049		$	249,631		$	234,991
Adjustments:
Preferred	33,058			33,058			33,058			33,058			33,058
Goodwill	—			—			12,900			12,900			12,900
Acquisition intangibles	1,918			2,266			2,962			3,658			4,355
Other intangibles	100			100			100			100			—
Tangible common equity	$	192,274		$	190,794		$	206,029		$	199,915		$	184,678
Common shares outstanding	16,539,094			15,793,433			12,504,717			12,475,424			10,716,796
Book value per common share	$	11.75		$	12.23		$	17.75		$	17.36		$	18.84
Tangible book value per common share	$	11.63		$	12.08		$	16.48		$	16.03		$	17.23
Tangible Assets
Total Assets	$	3,895,010		$	4,078,321		$	3,972,728		$	3,552,772		$	3,151,347
Adjustments:
Goodwill	—			—			12,900			12,900			12,900
Acquisition intangibles	1,918			2,266			2,962			3,658			4,355
Other intangibles	100			100			100			100			—
Tangible Assets	$	3,892,992		$	4,075,955		$	3,956,766		$	3,536,114		$	3,134,092
Tangible common equity to tangible assets	4.94		%	4.68		%	5.21		%	5.65		%	5.89		%


	"Well Capitalized Minimums"	As of June 30, 2026	As of December 31, 2025
Tier 1 Leverage Ratio
Bank	5.00%	7.09%	6.90%
Consolidated	N/A	6.22%	5.93%
Tier 1 Risk-based Capital Ratio
Bank	8.00%	14.95%	12.24%
Consolidated	8.00%	13.10%	10.52%
Total Risk-based Capital Ratio
Bank	10.00%	16.21%	13.48%
Consolidated	10.00%	15.97%	13.12%
Common Equity Tier One Capital Ratio
Bank	6.50%	14.95%	12.24%
Consolidated	N/A	11.31%	9.03%


/s/ Michael R. Mineer
Michael R. Mineer
President and Chief Executive Officer