First Guaranty Bancshares Declares Preferred Dividend
Ticker: FGBIP · Form: 8-K · Filed: Jul 22, 2024 · CIK: 1408534
| Field | Detail |
|---|---|
| Company | First Guaranty Bancshares, Inc. (FGBIP) |
| Form Type | 8-K |
| Filed Date | Jul 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 on 7/18.
AI Summary
First Guaranty Bancshares, Inc. announced on July 18, 2024, a preferred dividend declaration. The company, headquartered in Hammond, Louisiana, is a federally chartered savings institution.
Why It Matters
This filing indicates a decision by First Guaranty Bancshares regarding its preferred stock, which could impact investor returns and the company's financial structure.
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 present new risks.
Key Players & Entities
- First Guaranty Bancshares, Inc. (company) — Registrant
- July 18, 2024 (date) — Date of earliest event reported
- Hammond, Louisiana (location) — Principal executive offices
FAQ
What type of dividend was declared by First Guaranty Bancshares?
The filing indicates a preferred dividend declaration.
On what date was the earliest event reported in this 8-K filing?
The earliest event reported was on July 18, 2024.
Where are the principal executive offices of First Guaranty Bancshares, Inc. located?
The principal executive offices are located at 400 East Thomas Street, Hammond, Louisiana 70401.
What is the IRS Employer Identification Number for First Guaranty Bancshares, Inc.?
The IRS Employer Identification Number is 26-0513559.
Under which section of the Securities Exchange Act of 1934 is this Form 8-K filed?
This Form 8-K is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 525 words · 2 min read · ~2 pages · Grade level 11.8 · Accepted 2024-07-22 16:30:41
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-20240718.htm (8-K) — 29KB
- fgbi-20240718_g1.jpg (GRAPHIC) — 26KB
- 0001408534-24-000062.txt ( ) — 235KB
- fgbi-20240718.xsd (EX-101.SCH) — 2KB
- fgbi-20240718_def.xml (EX-101.DEF) — 15KB
- fgbi-20240718_lab.xml (EX-101.LAB) — 27KB
- fgbi-20240718_pre.xml (EX-101.PRE) — 16KB
- fgbi-20240718_htm.xml (XML) — 4KB
01 Other Events
Item 8.01 Other Events On July 18, 2024 the Board of Directors of First Guaranty Bancshares, Inc. ("First Guaranty") announced that on September 3, 2024, holders of record as of August 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 September 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: July 22, 2024 By: /s/Eric J. Dosch Eric J. Dosch Chief Financial Officer