First Guaranty Bancshares to Exit Texas Operations

First Guaranty Bancshares ( (FGBI) ) has provided an announcement.

On March 10, 2026, First Guaranty Bancshares, Inc. announced it had signed a definitive purchase and assumption agreement to sell its Texas operations, including five branches in the Dallas‑Fort Worth metroplex and Waco, to Armstrong Bank of Muskogee, Oklahoma. The deal, approved by both banks’ boards and targeted to close in the third quarter of 2026 subject to customary conditions, covers about $270 million in deposits, $110 million in loans and includes a 7.65% deposit premium.

The transaction will see First Guaranty exit the Texas market and is expected to boost First Guaranty Bank’s Tier 1 leverage ratio by roughly 100 basis points, reinforcing its capital position and allowing greater focus on core markets. For Armstrong Bank, the acquisition marks a strategic expansion in Texas, extending its community banking footprint into Fort Worth, Denton, McKinney, Waco and Garland, and potentially deepening its ties with local customers and businesses in these growth markets.

The most recent analyst rating on (FGBI) stock is a Hold with a $9.00 price target. To see the full list of analyst forecasts on First Guaranty Bancshares stock, see the FGBI Stock Forecast page.

Spark’s Take on FGBI Stock

According to Spark, TipRanks’ AI Analyst, FGBI is a Neutral.

Overall score reflects weak profitability trends (income statement and negative ROE) as the biggest constraint, partially offset by strong free cash flow performance. Technicals show strong momentum but are overbought, while valuation is supported by a very high dividend yield despite a negative P/E. Corporate updates are generally positive but secondary to the financial performance concerns.

To see Spark’s full report on FGBI stock, click here.

More about First Guaranty Bancshares

First Guaranty Bancshares, Inc. is the holding company for First Guaranty Bank, a Louisiana state‑chartered bank founded in 1934 that offers a wide range of financial services. The bank focuses on relationship banking and customer service and operates 31 branches across Louisiana, Texas, Kentucky and West Virginia, with its common stock trading on Nasdaq under the symbol FGBI.

Armstrong Bank, founded in 1909, is a privately owned community bank with locations across Oklahoma, Arkansas and Texas, emphasizing relationship‑driven service and community involvement. Its banking professionals live and work in the communities they serve and support local organizations and customers through a community‑focused operating model.

Average Trading Volume: 18,211

Technical Sentiment Signal: Hold

Current Market Cap: $126.7M

See more data about FGBI stock on TipRanks’ Stock Analysis page.