First Guaranty Bancshares (FGBI) Q3 2026 earnings summary

Executive summary

• Q3 2026 net income was $12.0 million versus a $45.0 million loss in Q3 2025; 9M net income was $18.1 million versus a $58.5 million loss. The Texas operations sale and sharply lower credit-loss provision were key factors.

• Consent Order compliance actions focused on reducing leverage and classified assets; total assets, loans and deposits contracted substantially from year-end 2025.

Financial highlights

• Q3 net interest income was $17.7 million versus $22.2 million YoY; 9M was $60.6 million versus $66.7 million.

• Q3 provision for credit losses was $3.8 million versus $47.9 million YoY; 9M provision was $9.0 million versus $79.1 million.

• Q3 total noninterest income was $19.8 million, including $16.1 million in gains on sale of branches; 9M total was $23.9 million.

• Assets were $3.2 billion at Sep. 30, 2026, down $925.8 million from Dec. 31, 2025; loans fell 23.6% to $1.6 billion and deposits fell 21.4% to $2.9 billion.

Outlook and guidance

• Sale agreements cover a $22.6 million OREO property and a letter of intent covers the $11.4 million second-largest nonperforming loan; both transactions were expected to close in Q4 2026.

• The strategy targets the Consent Order’s 9.0% Tier 1 Leverage Ratio requirement and further reduction of classified and nonperforming assets.