---
schema_version: "secwatch.filing_event.v1"
accession: "0001408534-26-000037"
form_type: "8-K"
ticker: "FGBI"
cik: "0001408534"
company_name: "First Guaranty Bancshares, Inc."
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T21:32:57.440318+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# First Guaranty Bancshares posts Q1 net income of $2.7M vs. loss of $6.2M YoY

## Summary
- Net income $2.7M, EPS $0.14; compares to net loss of $6.2M, loss per share of $0.54 in Q1 2025.
- Nonperforming assets reduced $12.0M to $83.5M; bank risk-weighted capital ratio improved to 14.71% from 13.48%.
- Provision for credit losses $2.6M, sharply down from $14.5M a year ago; loan charge-offs $5.4M in Q1 2026.
- Total loans decreased 7.0% to $1.9B; deposits down 3.5% to $3.5B as part of balance sheet de-risking.
- Book value per common share fell to $11.91 from $17.21 due to large increase in shares outstanding (16.0M vs 12.7M).

## SEC filing metadata
- accession: 0001408534-26-000037
- form_type: 8-K
- ticker: FGBI
- cik: 0001408534
- company_name: First Guaranty Bancshares, Inc.
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1408534/000140853426000037/0001408534-26-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1408534/000140853426000037/fgbi-20260507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001408534-26-000037
- JSON: https://secwatch.observer/filing/0001408534-26-000037.json
- Plain text: https://secwatch.observer/filing/0001408534-26-000037.txt

## Source-grounded claims
- claim_id: e5ed0b1945e79733f028bcf2a93e27267bb3cd82
  claim: First Guaranty Bancshares, Inc. reported 1st Quarter 2026 results: net income $2.7Million 1Q 2026 Earnings, EPS Earnings per common share were $0.14 for the first quarter of 2026..
  evidence_excerpt: On May 7, 2026, First Guaranty Bancshares, Inc. released its First Quarter 2026 Report to shareholders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1408534/000140853426000037/0001408534-26-000037-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.