First Guaranty Bancshares, Inc. (FGBI) - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by First Guaranty Bancshares, Inc. on May 7, 2021, reporting an event that occurred on May 4, 2021. The company is a bank holding company incorporated in Louisiana with its principal executive offices in Hammond, Louisiana. The filing relates to the declaration of a quarterly dividend on the company's 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only specific financial data disclosed relates to the preferred stock dividend:
- Preferred Stock Dividend: $6.375 per share of Series A Preferred Stock.
- Depositary Share Distribution: $0.159375 per Depositary Share (each representing a 1/40th interest in a share of Series A Preferred Stock).
- Payment Date: June 1, 2021.
- Record Date: May 15, 2021.
Material Changes
The filing does not report material changes in the company's financial condition or operations compared to prior periods. It solely announces the scheduled payment of a recurring quarterly dividend.
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 disclosure of the dividend payment mechanics. No unusual items were reported.
Key Facts for Investor Verification
- Verify the record date of May 15, 2021, to confirm eligibility for the dividend payment.
- Confirm the payment date of June 1, 2021, for the distribution of $0.159375 per Depositary Share.
- Note that the dividend is paid on the 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock.
- Review the company's most recent 10-Q or 10-K for comprehensive financial performance data, as this 8-K does not contain such figures.