First Guaranty Bancshares Q2 FY26 net income turns to profit at $3.43 million; net interest income slips 5.6% to $51.28 million
FGBI•Texas sale and regulatory order
The bank sold its Texas operations on July 31.
Regulators issued an FDIC/OFI Consent Order requiring a 9% Tier 1 leverage ratio.
Credit costs and balance sheet trends
Provision for credit losses fell to $2.63 million from $16.61 million.
Total assets slipped 4.5% to $3.9 billion; loans dropped 14.7% to $1.77 billion, while deposits fell 4.8% to $3.46 billion.
Quarterly profit and earnings turn positive
First Guaranty Bancshares swung to a second-quarter profit, posting net income of $3.43 million versus a net loss of $7.3 million in the prior period.
Diluted earnings per share turned positive at $0.17. Net interest income edged up to $22.28 million.
