The company's shift to profitability and improving credit metrics are encouraging, but the shrinking loan book and margin compression indicate ongoing structural challenges. Traders should watch for stabilization in net interest income and loan growth in coming quarters before considering a longer position.
Price Chart
Executive Summary
First Guaranty Bancshares reported Q1 2026 net income of $2.7M vs a loss of $6.2M a year ago, driven by a sharply lower provision for credit losses. Net interest income declined 6.9% YoY to $20.7M, while nonperforming assets fell 12.5% and capital ratios improved. The turnaround in earnings is positive, but balance sheet contraction and net interest margin compression (2.07% vs 2.35%) temper the outlook.
Key Financial Metrics
Key Facts
- Q1 2026 net income $2.7M vs loss of $6.2M in Q1 2025
- EPS $0.14 vs ($0.54) YoY
- Net interest income $20.7M, down 6.9% YoY
- Provision for credit losses fell to $2.6M from $14.5M
- Nonperforming assets declined to $83.5M from $95.5M (Q4 2025)
- Bank risk-weighted capital ratio improved 123 bps to 14.71%
- Net interest margin 2.07%, down 28 bps YoY
- Total loans decreased 7.0% and deposits decreased 3.4% from Q4 2025
- No specific forward guidance provided
Financial Impact
Net income swing of +$8.9M YoY; net interest income decline of $1.5M
Risk Factors
- Continued net interest margin compression
- Further loan and deposit attrition
- Potential credit losses from remaining nonperforming assets (still $83.5M)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001408534-26-000030 |
| Document: fgbi-20260427.htm | 0001408534-26-000030 |
| Document: 0001408534-26-000030-index-headers.html | 0001408534-26-000030 |
| Document: 0001408534-26-000030-index.html | 0001408534-26-000030 |
| Document: 0001408534-26-000030.txt | 0001408534-26-000030 |
| 8-K Data (Synthetic) | 0001408534-26-000030 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 4, 2026 20w ago | 8-K | $20.49 $19.84 | ▼ −3.17% | ▼ −5.03% | $16.91 (−17.47%) |
May 7, 2026 24w ago | 8-K | $20.50 $20.49 | ▼ −0.05% | ▼ −0.07% | $16.91 (−17.51%) |
May 5, 2026 24w ago | 8-K | $20.06 $20.45 | ▲ +1.92% | ▼ −0.86% | $16.91 (−15.70%) |
Apr 27, 2026 26w ago | 8-K | $18.44 $20.50 | ▲ +11.17% | ▲ +5.70% | $16.91 (−8.30%) |
Apr 22, 2026 26w ago | 8-K | $17.10 $20.55 | ▲ +20.18% | ▲ +17.01% | $16.91 (−1.11%) |
US Market Status
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