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JULY 28 , 2021 NEWS FOR IMMEDIATE RELEASE CONTACT : ERIC J. DOSCH , CFO 985.375.0308 EXHIBIT 99.1 First Guaranty Bancshares , Inc. Announces Second Quarter 2021 Results Hammond , Louisiana , July 28 , 2021 - First Guaranty Bancshares , Inc. ( " First Guaranty " ) ( NASDAQ : FGBI ) , the holding company for First Guaranty Bank , announced its unaudited financial results for the quarter ending June 30 , 2021 . First Guaranty Bancshares ' momentum continues and grows . First Guaranty achieved a new record for quarterly income posting net income for the second quarter of 2021 of $ 6,434,000 . This represents a 24 % increase over the second quarter of 2020 which was $ 5,184,000 . The six months ending June 30 , 2021 earnings totaled $ 11,457,000 , a 27.2 % increase over the first six months of 2020 , which saw earnings of $ 9,009,000 . First Guaranty has now posted 5 consecutive quarters of earnings in excess of $ 5,000,000 , with two of those quarters in excess of $ 6,000,000 . The strong increase in earnings is brought about by a combination of continued growth in total interest income and continued reduction in interest expense . The table is set for continued strong earnings as our total loans have grown as of June 30 , 2021 , to $ 2,066,408,000 compared to $ 1,844,135,000 as of December 31 , 2020 ( an increase of 12 % ) and $ 1,640,723,000 as of June 30 , 2020 ( an increase of 26 % ) . With a strong earnings portfolio and continuing strong demand and with our continued strategy and efforts for reducing our cost of funds , we anticipate that the third quarter will carry the momentum even further . As of June 30 , 2021 , total assets were $ 2,745,051,000 , an increase of 11 % from December 31 , 2020. For the quarter ending June 30 , 2021 , return on average assets we reached 0.96 % and return on average common equity equaled 13.86 % . The momentum grows as we make progress toward our goals of enhancing shareholder value and building a fortress balance sheet for First Guaranty Bancshares , Inc. Thank you for your continued support . Sincerely , Alton B. Lewis President and CEO First Guaranty , Bancshares , Inc. About First Guaranty First Guaranty , a Louisiana - based company , has approximately $ 2.7 billion in assets as of June 30 , 2021 and provides personalized commercial banking services through 34 banking facilities located across Louisiana and Texas . For more information , visit www.fgb.net . Certain statements contained herein are " forward looking statements " within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward looking statements may be identified by reference to a future period or periods , or by the use of forward looking terminology , such as " may , " " will , " " believe , " " expect , " " estimate , " " anticipate , " " continue , " or similar terms or variations on those terms , or the negative of those terms . Forward looking statements are subject to numerous risks and uncertainties , as described in our SEC filings , including , but not limited to , those related to the real estate and economic environment , particularly in the market areas in which First Guaranty operates , competitive products and pricing , fiscal and monetary policies of the U.S. Government , changes in government regulations affecting financial institutions , including regulatory fees and capital requirements , changes in prevailing interest rates , acquisitions and the integration of acquired businesses , credit risk management , asset - liability management , the financial and securities markets and the availability of and costs associated with sources of liquidity . First Guaranty wishes to caution readers not to place undue reliance on any such forward looking statements , which speak only as of the date made . First Guaranty wishes to advise readers that the factors listed above could affect First Guaranty's financial performance and could cause First Guaranty's actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements . First Guaranty does not undertake and specifically declines any obligation to publicly release the results of any revisions , which may be made to any forward looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events .