Business Context and Reporting Period
This Form 8-K filing by First Guaranty Bancshares, Inc. (FGBI) was submitted on April 21, 2022, reporting a corporate event regarding its preferred stock. The company is incorporated in Louisiana and trades on The Nasdaq Stock Market LLC.
Key Financial Metrics
This filing does not report consolidated revenue, profit, cash flow, margins, debt, or liquidity metrics. The only financial data disclosed relates to a specific dividend declaration:
- Security: 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock (represented by Depositary Shares).
- Dividend Declaration: $16.875 per share of Series A Preferred Stock.
- Depositary Share Distribution: $0.421875 per Depositary Share (each representing a 1/40th interest).
- Payment Date: June 1, 2022.
- Record Date: May 16, 2022.
Material Changes
The filing does not disclose material changes to the company's financial position or operations compared to prior periods. It solely announces the scheduled payment of a quarterly distribution on the Series A Preferred Stock.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future performance, or discussion of risks and contingencies beyond the standard mechanics of the dividend payment.
Investor Verification Checklist
- Verify the record date of May 16, 2022, to confirm eligibility for the upcoming distribution.
- Confirm the payment date of June 1, 2022, for the $0.421875 per Depositary Share distribution.
- Review the company's most recent 10-Q or 10-K for comprehensive financial performance data, as this 8-K does not contain such metrics.