First Guaranty Bancshares, Inc. (FGBI) - 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed on October 19, 2023, by First Guaranty Bancshares, Inc., a Louisiana corporation. The report discloses a corporate action regarding 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, or debt metrics. The only specific financial data disclosed relates to the preferred stock dividend:
- 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 in a share of Series A Preferred Stock).
- Payment Date: December 1, 2023.
- Record Date: November 15, 2023.
Material Changes
The filing does not report material changes to 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.
Key Facts for Investor Verification
- Verify the record date of November 15, 2023, to confirm eligibility for the upcoming distribution.
- Confirm the payment date of December 1, 2023, for the $0.421875 per Depositary Share distribution.
- Note that the dividend is fixed at 6.75% on the Series A Preferred Stock.