First Guaranty Bancshares Declares Preferred Dividend
Ticker: FGBIP · Form: 8-K · Filed: Apr 22, 2024 · CIK: 1408534
| Field | Detail |
|---|---|
| Company | First Guaranty Bancshares, Inc. (FGBIP) |
| Form Type | 8-K |
| Filed Date | Apr 22, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1, $0.421875, $16.875 |
| Sentiment | neutral |
Sentiment: neutral
Topics: dividend, preferred-stock
Related Tickers: FGBI
TL;DR
FGBI declared a preferred dividend, payment date TBD.
AI Summary
First Guaranty Bancshares, Inc. announced on April 18, 2024, the declaration of a preferred dividend. The dividend is for the company's Series A Non-Cumulative Preferred Stock, with a payment date to be determined and announced later.
Why It Matters
This announcement indicates a distribution of profits to preferred shareholders, which can be a positive signal for the company's financial health and its commitment to returning value to investors.
Risk Assessment
Risk Level: low — The filing is a routine declaration of a preferred dividend, which is a standard corporate action and does not inherently introduce new risks.
Key Players & Entities
- First Guaranty Bancshares, Inc. (company) — Registrant
- April 18, 2024 (date) — Date of earliest event reported
- Series A Non-Cumulative Preferred Stock (security) — Type of stock for which dividend was declared
FAQ
What is the amount of the preferred dividend declared by First Guaranty Bancshares, Inc.?
The filing does not specify the exact dollar amount of the preferred dividend declared.
When will the preferred dividend be paid?
The filing states that the payment date for the preferred dividend is to be determined and will be announced by the company at a later date.
What series of preferred stock is this dividend for?
The dividend is for the Series A Non-Cumulative Preferred Stock.
What is the exact date of the event reported in this 8-K?
The earliest event reported is dated April 18, 2024.
Is this dividend cumulative or non-cumulative?
The dividend is for the Series A Non-Cumulative Preferred Stock.
Filing Stats: 525 words · 2 min read · ~2 pages · Grade level 11.7 · Accepted 2024-04-22 16:30:30
Key Financial Figures
- $1 — ange on which registered Common Stock, $1 par value FGBI The Nasdaq Stock Market
- $0.421875 — quarterly distribution in the amount of $0.421875 per Depositary Share, resulting from Fi
- $16.875 — from First Guaranty's declaration of a $16.875 per share of Series A Preferred Stock q
Filing Documents
- fgbi-20240418.htm (8-K) — 29KB
- fgbi-20240418_g1.jpg (GRAPHIC) — 26KB
- 0001408534-24-000037.txt ( ) — 235KB
- fgbi-20240418.xsd (EX-101.SCH) — 2KB
- fgbi-20240418_def.xml (EX-101.DEF) — 15KB
- fgbi-20240418_lab.xml (EX-101.LAB) — 27KB
- fgbi-20240418_pre.xml (EX-101.PRE) — 16KB
- fgbi-20240418_htm.xml (XML) — 4KB
01 Other Events
Item 8.01 Other Events On April 18, 2024 the Board of Directors of First Guaranty Bancshares, Inc. ("First Guaranty") announced that on June 3, 2024, holders of record as of May 15, 2024 (the "Depository Shares Record Date") of its depositary shares (the "Depositary Shares"), each representing a 1/40th interest in the Corporation's 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock (the "Series A Preferred Stock"), will receive a quarterly distribution in the amount of $0.421875 per Depositary Share, resulting from First Guaranty's declaration of a $16.875 per share of Series A Preferred Stock quarterly cash dividend, which underlies the Depositary Shares. On June 3, 2024, the Series A Preferred Stock dividend will be paid to the depositary for the Series A Preferred Stock. The depositary will, in turn, distribute such dividend to the holders of record of the Depositary Shares as of the Depositary Shares Record Date.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FIRST GUARANTY BANCSHARES, INC. (Registrant) Date: April 22, 2024 By: /s/Eric J. Dosch Eric J. Dosch Chief Financial Officer