Fauquier Bankshares, Inc. Announces Quarterly Dividend

Rhea-AI Summary

On February 18, 2021, Fauquier Bankshares, Inc. (NASDAQ: FBSS) announced a quarterly dividend of $0.125 per share. This dividend will be payable on March 26, 2021 to shareholders of record as of March 12, 2021. As of December 31, 2020, the company reported combined assets of $867.2 million and total shareholders' equity of $72.5 million. Operating through its principal subsidiary, The Fauquier Bank, the company provides a range of financial services across Virginia's Fauquier and Prince William counties.

Positive

• Quarterly dividend of $0.125 declared, providing income for shareholders.
• Strong asset base of $867.2 million and total equity of $72.5 million indicates solid financial health.

Negative

• Exposure to risks from interest rate fluctuations and changes in economic conditions.
• Forward-looking statements highlight uncertainties regarding future operations and market conditions.

WARRENTON, Va., Feb. 19, 2021 /PRNewswire/ -- Fauquier Bankshares, Inc. (NASDAQ: FBSS) announced today that its Board of Directors on February 18, 2021 declared a quarterly dividend of $0.125 per share.  This dividend was declared for shareholders of record as of the close of business on March 12, 2021 and will be payable on March 26, 2021.

Fauquier Bankshares, Inc. and its principal subsidiary, The Fauquier Bank, had combined assets of $867.2 million and total shareholders' equity of $72.5 million at December 31, 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 throughout 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. (FBSS)?

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

When will the dividend for FBSS be paid?

The dividend will be payable on March 26, 2021.

What are the record dates for the FBSS dividend?

Shareholders of record as of March 12, 2021, will receive the dividend.

What is the total asset value of Fauquier Bankshares, Inc.?

The company reported combined assets of $867.2 million as of December 31, 2020.

What risks does Fauquier Bankshares face according to the press release?

The company faces risks related to interest rates, economic conditions, and regulatory changes.