First Guaranty Bancshares (FGBI) AGM 2026 summary

Opening remarks and agenda

• Meeting opened with a welcome and instructions for both virtual and in-person attendees.

• Invocation led by a board director, followed by a moment of remembrance for a long-serving director.

• Introduction of board members, nominees, advisory members, and Inspector of Election.

Financial performance review

• A significant $52 million loan charge-off was reported, equating to two years of earnings.

• First quarter earnings per share reached $0.14.

• Non-interest expense reduced by $1.3 million compared to the prior year.

• Risk-weighted capital ratio improved to 14.71%, matching peer group.

• Non-performing assets reduced by $12 million, with ongoing efforts to further reduce them.

Board and executive committee updates

• Tribute paid to a director who served 48 years, highlighting his impact and legacy.

• Board and advisory members introduced, with biographical details referenced in the proxy statement.