First Guaranty Bancshares, Inc. (FGBI) Earnings Call Transcripts

First Guaranty Bancshares, Inc.'s Latest Earnings Call - May 21, 2026

In the 2026 Annual Shareholder Meeting, First Guaranty Bancshares, Inc. reported a challenging year, highlighted by a significant charge-off of $152 million, which the Chairman noted was equivalent to two years of earnings. The bank's first quarter earnings per share (EPS) was $0.14, with a reduction in noninterest expense by $1.3 million compared to the previous year. Management signaled a focus on improving capital ratios and reducing nonperforming assets, which could stabilize the bank's financial position moving forward.

Reported metrics

Guidance from management

Management emphasized a continued focus on balance sheet management and risk mitigation strategies, with no specific numerical guidance provided for future earnings or expenses.

What management said

Good afternoon. Ladies and gentlemen, I'm Marshall Reynolds, Chairman of the Board. On behalf of the directors, officers and staff of First Guaranty Bank I would like to welcome everyone here this afternoon to the 2026 Annual Shareholders Meeting of First Guaranty Bancshares Inc. At this time, I'd like to introduce Mr. Tony Berner one of our first Guaranty Bank directors representing [indiscernible], who will lead us...

Heavenly father. Thank you for this opportunity we have been giving today to come together to discuss the business of our organization. We would pay for guidance and matters at hand and that you would clearly show us listen and grace in the exercise of our duties. Give us the foresight to provide for the needs of our organization and to fulfill our goals and obligation or is in your holy name that we pray, amen.

What analysts pressed on

Analysts expressed concerns regarding the significant charge-offs and the potential impact on future profitability. There were questions about the sustainability of the current EPS and the effectiveness of the bank's risk management strategies moving forward.

Main topics on the call

• Significant Charge-Offs — The bank experienced a charge-off of $152 million, which the Chairman described as 'a tough 1 to get through' and noted it 'charged off our earnings for 2 years.' This indicates severe financial strain.
• Earnings Per Share — First Guaranty reported an EPS of $0.14 for the first quarter, which reflects ongoing challenges but shows some level of earnings generation amid difficulties.
• Expense Management — Management highlighted a reduction in noninterest expense by $1.3 million compared to the first quarter of 2025, indicating a focus on cost control amidst financial challenges.
• Capital Ratio Improvement — The bank improved its risk-weighted capital ratio to 14.71%, aligning with its peer group and providing a buffer against ongoing credit issues, which management emphasized as critical.

Read the full First Guaranty Bancshares, Inc. transcript (May 21, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 6 First Guaranty Bancshares, Inc. earnings call transcripts on record, spanning May 20, 2021 to May 21, 2026. Based on this history, First Guaranty Bancshares, Inc. reports annually. The most recent call on file is dated May 21, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

FGBI

Exchange

NasdaqGM

Country

US

Sector

Financials

Industry

Banks

Calls on record

6

First call

May 20, 2021

Most recent

May 21, 2026

Reporting cadence

annually