First Guaranty Q2 profit rises as nonaccrual loans decline

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

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

Reuters Recommended Reads

• July 28 - CF Bankshares Q2 net income rises, sees core earnings to grow in H2 2026

• July 28 - Summit State Bank posts Q2 loss on higher credit provisions

• July 28 - Camden National Q2 net income rises on loan growth

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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.)