Fauquier Bankshares, Inc. Announces Quarterly Dividend

Rhea-AI Summary

On November 19, 2020, Fauquier Bankshares, Inc. (NASDAQ: FBSS) declared a quarterly dividend of $0.125 per share, amounting to an annualized dividend of $0.50. Shareholders on record as of December 18, 2020, will receive the dividend on January 4, 2021. As of September 30, 2020, the company reported combined assets of $840.3 million and total shareholders' equity of $72.2 million. The Fauquier Bank offers diverse financial services across Fauquier and Prince William counties in Virginia.

Positive

• Quarterly dividend of $0.125 per share enhances shareholder value.
• Total assets of $840.3 million indicate a solid financial position.

Negative

• Forward-looking statements highlight various risks including interest rate changes and economic conditions.

WARRENTON, Va., Nov. 20, 2020 /PRNewswire/ -- Fauquier Bankshares, Inc. (NASDAQ: FBSS) announced today that its Board of Directors on November 19, 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 December 18, 2020 and will be payable on January 4, 2021.

Fauquier Bankshares, Inc. and its principal subsidiary, The Fauquier Bank, had combined assets of $840.3 million and total shareholders' equity of $72.2 million at September 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 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.?

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

When will the dividend be payable?

The dividend will be payable on January 4, 2021.

What are the shareholder record dates for the dividend?

Shareholders of record as of December 18, 2020, will receive the dividend.

What are the total assets of Fauquier Bankshares, Inc.?

As of September 30, 2020, the total assets were $840.3 million.

What is the annualized dividend amount for Fauquier Bankshares, Inc.?

The annualized dividend amount is $0.50.