First Guaranty Bancshares Declares Preferred Dividend
Ticker: FGBIP · Form: 8-K · Filed: Oct 21, 2024 · CIK: 1408534
| Field | Detail |
|---|---|
| Company | First Guaranty Bancshares, Inc. (FGBIP) |
| Form Type | 8-K |
| Filed Date | Oct 21, 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, good news for preferred holders.
AI Summary
First Guaranty Bancshares, Inc. announced on October 17, 2024, the declaration of a preferred dividend. The dividend is for their non-cumulative preferred stock, with the payment date to be determined.
Why It Matters
This announcement directly impacts preferred shareholders by confirming a dividend payment, providing clarity on income distribution.
Risk Assessment
Risk Level: low — The filing is a routine declaration of a preferred dividend, which is a standard corporate action with no inherent new risks.
Key Players & Entities
- First Guaranty Bancshares, Inc. (company) — Registrant
- October 17, 2024 (date) — Date of earliest event reported
- Louisiana (location) — State of incorporation
- 400 East Thomas Street, Hammond, Louisiana 70401 (address) — Principal executive offices
FAQ
What type of preferred stock is the dividend being declared for?
The dividend is being declared for the non-cumulative preferred stock.
What is the exact payment date for this preferred dividend?
The filing states that the payment date is to be determined.
What is the company's principal executive office address?
The company's principal executive offices are located at 400 East Thomas Street, Hammond, Louisiana 70401.
When was the earliest event reported in this Form 8-K?
The earliest event reported in this Form 8-K was on October 17, 2024.
What is the IRS Employer Identification Number for First Guaranty Bancshares, Inc.?
The IRS Employer Identification Number for First Guaranty Bancshares, Inc. is 26-0513559.
Filing Stats: 525 words · 2 min read · ~2 pages · Grade level 11.9 · Accepted 2024-10-21 16:30:02
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-20241017.htm (8-K) — 29KB
- fgbi-20241017_g1.jpg (GRAPHIC) — 26KB
- 0001408534-24-000081.txt ( ) — 235KB
- fgbi-20241017.xsd (EX-101.SCH) — 2KB
- fgbi-20241017_def.xml (EX-101.DEF) — 15KB
- fgbi-20241017_lab.xml (EX-101.LAB) — 27KB
- fgbi-20241017_pre.xml (EX-101.PRE) — 16KB
- fgbi-20241017_htm.xml (XML) — 4KB
01 Other Events
Item 8.01 Other Events On October 17, 2024 the Board of Directors of First Guaranty Bancshares, Inc. ("First Guaranty") announced that on December 2, 2024, holders of record as of November 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 December 2, 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: October 21, 2024 By: /s/Eric J. Dosch Eric J. Dosch Chief Financial Officer