First Guaranty Q2 Profit Rises as Nonaccrual Loans Drop $19M
FGBI has more than doubled off its 52-week low of $4.31 on light trading volume (0.1× avg).
Summary
First Guaranty Bancshares reported Q2 2026 net income of $3.4 million, or $0.17 per share, a $10.7 million swing from last year's loss, driven by a $19 million reduction in nonaccrual loans since December 2025. The total capital ratio improved to over 16%, reflecting ongoing balance sheet de-risking. This follows the Q1 return to profitability and recent insider buying, reinforcing the turnaround narrative. The stock trades at 18x forward earnings with a single Hold rating and a $9.00 price target, slightly below the current price.
At the time of this announcement, FGBI was trading at $9.51 on NASDAQ in the Finance sector, with a market capitalization of approximately $156.5M. The 52-week trading range was $4.31 to $11.02. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.