First Guaranty Bancshares (FGBI) Q2 2026 earnings summary

Executive summary

• Net income for Q2 2026 was $3.4 million, a turnaround from a $7.3 million loss in Q2 2025; six-month net income was $6.2 million, up from a $13.5 million loss year-over-year.

• Total assets decreased to $3.9 billion from $4.1 billion at year-end 2025; loans and deposits also declined.

• Earnings per share for Q2 2026 were $0.17, compared to a loss of $0.61 per share in Q2 2025.

Financial highlights

• Net interest income for Q2 2026 was $22.3 million, nearly flat year-over-year; six-month net interest income was $43.0 million, down from $44.5 million.

• Provision for credit losses dropped sharply to $2.6 million in Q2 2026 from $16.6 million in Q2 2025.

• Charge-offs rose to $7.7 million in Q2 2026 from $1.1 million in Q2 2025; recoveries increased to $0.9 million from $0.2 million.

• Noninterest expense for Q2 2026 was $17.2 million, stable year-over-year.

• Book value per common share was $11.75 at June 30, 2026, down from $12.23 at year-end 2025.

Outlook and guidance

• Sale of Texas operations (five branches, $227 million in deposits, $93 million in loans) to Armstrong Bank expected to close July 31, 2026.

• Forward-looking statements caution on risks and uncertainties affecting future performance.