Fauquier Bankshares, Inc. Announces Quarterly Dividend

Rhea-AI Summary

Fauquier Bankshares, Inc. (NASDAQ: FBSS) declared a quarterly dividend of $0.125 per share on August 20, 2020, equating to an annualized dividend of $0.50. Shareholders of record by the close of business on September 18, 2020, will receive the dividend on October 1, 2020. As of June 30, 2020, the company reported total assets of $825.6 million and shareholder equity of $71.1 million, supporting its position as an independent community bank in Virginia.

Positive

• Declared a quarterly dividend of $0.125 per share, highlighting commitment to shareholder returns.
• Total assets reported at $825.6 million, indicating strong financial stability.
• Shareholder equity of $71.1 million reflects a healthy financial position.

Negative

• Potential risks from varying interest rates and economic conditions could impact future performance.
• Forward-looking statements indicate uncertainties regarding loan demand and regulatory changes.

WARRENTON, Va., Aug. 21, 2020 /PRNewswire/ -- Fauquier Bankshares, Inc. (NASDAQ: FBSS) announced today that its Board of Directors on August 20, 2020 declared a quarterly dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis.  This dividend was declared for shareholders of record as of the close of business on September 18, 2020 and will be payable on October 1, 2020. 

Fauquier Bankshares, Inc. and its principal subsidiary, The Fauquier Bank, had combined assets of $825.6 million and total shareholders' equity of $71.1 million at June 30, 2020. The Fauquier Bank is an independent community bank offering a full range of financial services, including internet banking, mobile banking, commercial, retail, insurance, wealth management, and financial planning services through eleven banking offices located in Fauquier and Prince William Counties in Virginia.

This press release may contain "forward-looking statements" as defined by federal securities laws. These statements address issues that involve risks, uncertainties, estimates and assumptions made by management, and actual results could differ materially from the results contemplated by these forward-looking statements.  Factors that could have a material adverse effect on our operations and future prospects include, but are not limited to, changes in: interest rates, general economic conditions, the legislative/regulatory climate, monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Board of Governors of the Federal Reserve System, the quality or composition of the loan or investment portfolios, the value of the collateral securing loans in the portfolio, demand for loan products, deposit flows, the level of net charge-offs on loans and the adequacy of the allowance for loan losses, competition, demand for financial services in the Company's market area, the Company's plans to increase market share, mergers, acquisitions and dispositions, cybersecurity threats or attacks, and tax and accounting principles, policies and guidelines. Readers should consider these risks and uncertainties in evaluating our forward-looking statements and should not place undue reliance on such statements. We undertake no obligation to update these statements following the date of this news release.

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SOURCE Fauquier Bankshares, Inc.

FAQ

What is the dividend amount declared by Fauquier Bankshares, Inc. on August 20, 2020?

Fauquier Bankshares, Inc. declared a dividend of $0.125 per share.

When is the dividend payable for Fauquier Bankshares, Inc.?

The dividend is payable on October 1, 2020.

What are the assets and equity of Fauquier Bankshares, Inc. as of June 30, 2020?

As of June 30, 2020, the company reported total assets of $825.6 million and total shareholders' equity of $71.1 million.

Who will receive the dividend from Fauquier Bankshares, Inc.?

Shareholders of record as of the close of business on September 18, 2020, will receive the dividend.

What are the potential risks mentioned in the Fauquier Bankshares, Inc. press release?

Risks include changes in interest rates, economic conditions, regulatory climate, and loan demand.