The turnaround in earnings is positive, but continued loan shrinkage and net interest margin compression (2.07% vs 2.35%) suggest top-line pressure. Monitor next quarter for loan growth and NIM stabilization; credit improvement supports the de-risking narrative.
Price Chart
Executive Summary
First Guaranty Bancshares reported Q1 2026 net income of $2.7M ($0.14 EPS) vs a loss of $6.2M ($0.54 loss) a year ago, driven by lower provision for credit losses. However, net interest income declined 6.9% to $20.7M, and total loans/deposits continued to shrink as part of a de-risking strategy. Non-performing assets improved to $83.5M from $95.5M.
Key Financial Metrics
Key Facts
- Net income: $2.7M vs -$6.2M YoY
- EPS: $0.14 vs -$0.54 YoY
- Net interest income: $20.7M vs $22.2M (-6.9% YoY)
- Loans: $1,924.6M, down 7.0% from Dec 2025
- Deposits: $3,507.5M, down 3.4% from Dec 2025
- Non-performing assets: $83.5M, down from $95.5M (Dec 2025)
- Bank total risk-based capital ratio improved to 14.71% from 13.48%
- Net charge-offs: $5.4M in Q1 2026
Financial Impact
Return to profitability but net interest income decline; balance sheet contraction of ~$120M in assets
Risk Factors
- Net interest margin compression from lower loan yields and higher deposit costs
- Continued asset shrinkage could pressure future earnings power
- Elevated non-performing loans ($54.4M) and charge-off risk
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001408534-26-000037 |
| Document: a20261stquarterreport.htm | 0001408534-26-000037 |
| Document: 0001408534-26-000037-index-headers.html | 0001408534-26-000037 |
| Document: 0001408534-26-000037-index.html | 0001408534-26-000037 |
| Document: 0001408534-26-000037.txt | 0001408534-26-000037 |
| 8-K Data (Synthetic) | 0001408534-26-000037 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 4, 2026 20w ago | 8-K | $20.49 $19.84 | ▼ −3.17% | ▼ −5.03% | $17.00 (−17.03%) |
May 7, 2026 24w ago | 8-K | $20.50 $20.49 | ▼ −0.05% | ▼ −0.07% | $17.00 (−17.07%) |
May 5, 2026 25w ago | 8-K | $20.06 $20.45 | ▲ +1.92% | ▼ −0.86% | $17.00 (−15.25%) |
Apr 27, 2026 26w ago | 8-K | $18.44 $20.50 | ▲ +11.17% | ▲ +5.70% | $17.00 (−7.81%) |
Apr 22, 2026 26w ago | 8-K | $17.10 $20.55 | ▲ +20.18% | ▲ +17.01% | $17.00 (−0.58%) |
US Market Status
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