First Guaranty Q2 profit rises as nonaccrual loans decline

First Guaranty Bancshares

28/07/2026 18:44

Overview
US regional bank's Q2 net income and EPS rose from prior quarters
Company reduced nonaccrual loans by $19 mln since December 2025
Total capital ratio improved to over 16% at June 30, 2026

Outlook
Company says it is focused on reducing balance sheet risk and diversifying its loan portfolio

Result Drivers
CREDIT RISK MANAGEMENT - Co said it reduced non-performing and criticized assets as part of efforts to manage credit risk
CAPITAL RATIO IMPROVEMENT - Co said its total capital ratio improved to over 16% at June 30, 2026, reflecting efforts to grow capital

Company press release: ID:nGNX3zy2Jk

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
 
$0.17
 
Q2 Net Income
 
$3.40 mln
 

Analyst Coverage
The one available analyst rating on the shares is "hold"
Wall Street's median 12-month price target for First Guaranty Bancshares Inc is $9.00, about 3.8% below its July 27 closing price of $9.36
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 18 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)