First Guaranty Bancshares Inc

There have been no material changes to our risk factors as disclosed in First Guaranty's Annual Report on Form 10-K.

(a)As previously reported, on May 23, 2023, First Guaranty accepted binding subscription agreements with certain investors qualified as “accredited investors,” as such term is defined in Rule 501(a) of Regulation D (“Regulation D”) promulgated under the Securities Act of 1933, as amended (the “Securities Act”), pursuant to which First Guaranty offered and sold shares of its common stock, $1.00 par value per share (the “Common Stock”), for an aggregate purchase price of $10 million. 714,286 shares of Common Stock were sold at the issuance price of $14.00 per share. The offer and sale of the Common Stock by First Guaranty was made in reliance upon the exemptions from registration available under Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D. The proceeds of the capital raise were used for general corporate purposes, including to support continued growth and to enhance regulatory capital ratios.

Also as previously reported, on December 19, 2023, First Guaranty completed a private placement of 1,000,000 shares of its common stock, $1.00 par value per share (the “Common Stock”) at $10.00 per share for aggregate offering proceeds of $10,000,000. The offer and sale of the Common Stock by First Guaranty was made to “accredited investors” in reliance upon the exemptions from registration available under Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D. The proceeds of the private placement were used for general corporate purposes, including to support continued growth and to enhance regulatory capital ratios.

(b)Not applicable.

(c)Not applicable.

None.

Not applicable.