Business Context and Reporting Period
This Form 8-K filing by First Guaranty Bancshares, Inc. (FGBI) was submitted on July 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.
- Distribution per Depositary Share: $0.421875.
- Record Date: August 15, 2022.
- Payment Date: September 1, 2022.
Material Changes
The filing announces the declaration of a quarterly cash dividend for the Series A Preferred Stock. No material changes to the company's financial condition or operations compared to prior periods are disclosed in this document.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future performance, or discussion of risks and contingencies. The document is limited to the notification of the dividend payment schedule.
Investor Verification Checklist
- Verify the record date of August 15, 2022, to confirm eligibility for the $0.421875 per Depositary Share distribution.
- Confirm the payment date of September 1, 2022, for the Series A Preferred Stock dividend.
- Review the company's most recent 10-Q or 10-K for comprehensive financial performance data, as this 8-K does not provide it.