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AI brief of an SEC Form 8-K · First Guaranty Bancshares, Inc. (FGBI)

First Guaranty posts $12.0 million Q3 profit vs. $45.0 million loss a year earlier

Mixed Impact 4 of 5 earnings Written later

First Guaranty Bancshares reported third-quarter 2026 net income of $12.0 million, compared with a $45.0 million loss in the same period of 2025. Results were shaped by the July 31, 2026 sale of its Texas operations and by strategic changes made in response to a Consent Order from the FDIC and OFI, effective August 7, 2026. Net interest income fell to $17.7 million from $22.2 million, and total assets declined $925.8 million since December 31, 2025.

Key points

  • Q3 2026 net income was $12.0 million, or $0.69 per share, versus a loss of $(45.0) million, or $(3.01) per share, in Q3 2025.
  • Net interest income was $17.7 million versus $22.2 million a year earlier, and net interest margin was 2.08% versus 2.34%.
  • Net gains on sale of branches were $16.1 million in Q3 2026, tied to the sale of the Texas operations to Armstrong Bank.
  • Total assets were $3.2 billion at September 30, 2026, down from $4.1 billion at December 31, 2025; total deposits fell 21.4% over the same period.

The filing

CompanyFirst Guaranty Bancshares, Inc. (FGBI)
Form8-K, current report
Filed with the SECOct 27, 2026, 4:43 PM ET
Accession number0001408534-26-000079

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 27, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.