First Guaranty Bancshares, Inc. has announced a significant turnaround in its financial performance for the third quarter of 2026. The company reported a net income of $12 million, a stark contrast to a net loss of $45 million during the same period last year. This improvement is attributed to strategic changes made in response to regulatory challenges and the sale of its Texas operations.

On October 27, 2026, First Guaranty Bancshares, Inc. filed a report detailing its financial results for the nine months ending September 30, 2026. The results indicate a net income of $18.1 million for the nine-month period, compared to a net loss of $58.5 million in 2025, marking an increase of $76.6 million.

The company, which operates under the SIC code 6035 as a federally chartered savings institution, is publicly traded on the Nasdaq under the ticker symbols FGBI and FGBIP. First Guaranty Bancshares is based in Hammond, Louisiana, and serves as the holding company for First Guaranty Bank. Recent filings indicate that the company has been active in restructuring its operations, particularly following the issuance of a Consent Order by the FDIC and OFI on August 7, 2026.

In its latest filing, First Guaranty disclosed that the third-quarter results were affected by the sale of its Texas operations to Armstrong Bank. This transaction, completed on July 31, 2026, included five branches and approximately $234 million in deposits and $88 million in loans. The sale is expected to enhance the company's financial stability moving forward.

Key metrics from the Texas sale included a deposit premium of 7.65%, which amounted to $17.9 million, and a gain on the sale of related real estate totaling $2.1 million. However, the company also incurred legal and professional fees of $1.9 million and a write-off of $0.7 million related to core deposit acquisition intangibles from a previous acquisition.

Looking ahead, First Guaranty Bancshares aims to leverage its improved financial position to strengthen its market presence. The company is expected to continue adapting to the evolving regulatory landscape while focusing on enhancing its operational efficiency.

The filing does not specify what happens next for First Guaranty Bancshares, but the company’s strategic moves suggest a commitment to recovery and growth in the competitive savings institution sector.