First Guaranty Bancshares, Inc. — Form 8-K
Filed October 27, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 72/100
What the filing says
First Guaranty Bancshares (NASDAQ: FGBI) reported Q3 2026 net income of $12.0M vs. Q3 2025 loss of $45.0M. On July 31, 2026, the company sold its Texas operations (five branches, $234M deposits, $88M loans) to Armstrong Bank for a $17.6M pre-tax gain. The sale included a 7.65% deposit premium ($17.9M), $2.1M real estate gain, offset by $1.9M in fees and $0.7M intangible write-off. The company also prepaid $135M FHLB advances, reduced deposits by $291.4M via reciprocal deposits, and redeemed $130.6M brokered deposits to comply with FDIC/OFI Consent Order (effective Aug 7, 2026) requiring 9.0% Tier 1 Leverage Ratio. Bank's Tier 1 Leverage Ratio reached 8.29% (Sept 30), total assets fell to $3.2B from $4.1B at year-end 2025.
Why this rating
Major asset sale + Consent Order compliance materially reshape $43.6M market-cap bank; divestiture and deposit reduction reduce risk, improve capital ratios materially relative to firm size.
Price action (we called it positive)
before filing · preread $16.98 | at our read pending | +10 min pending | +30 min pending | +1 hr pending | +4 hrs pending |
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