FGBI · First Guaranty Bancshares, Inc.

First Guaranty Bancshares, Inc. reported a return to profitability in Q1 2026 with net income of $2.7 million, or $0.14 per common share, a significant improvement from the $6.2 million net loss in Q1 2025. This turnaround was driven by a sharply reduced provision for credit losses of $2.6 million versus $14.5 million prior year, alongside stable net interest income of $20.7 million despite lower loan balances. Noninterest expenses declined to $16.7 million from $18.0 million, reflecting cost discipline. Management highlighted deliberate balance sheet de-risking, with total loans shrinking 7.0% to $1.9 billion and deposits falling 3.5% to $3.5 billion from December 31, 2025 levels, targeting higher-cost deposits and risk reduction. This strategy lowered nonperforming assets by $12.0 million to $83.5 million and boosted the bank risk-weighted capital ratio by 123 basis points to 14.71%. Loan charge-offs of $5.4 million were noted, with the allowance for credit losses steady at 2.0% of total loans. CEO Michael R. Mineer emphasized progress in reducing non-performing assets, strengthening earnings, and improving capital ratios as part of the ongoing business strategy. Total assets stood at $4.0 billion, with continued dividend payments of $0.01 per common share. The press release as Exhibit 99.1 provides these unaudited results, not deemed filed under securities laws.