The Texas sale contributed an estimated $17.6 million gain before taxes to First Guaranty.
First Guaranty Bancshares (FGBI) reported Q3 2026 net income of $12.0M, with $11.4M available to common shareholders. The sale of Texas operations contributed a $17.6M pre-tax gain. The company reduced wholesale funding, improved capital ratios, and decreased classified assets. Management expects to close sales of a non-performing asset and OREO property in Q4 2026.