First Guaranty Bancshares, Inc. Declares 114th Consecutive Quarterly Cash Dividend to Shareholders

Rhea-AI Summary

On November 18, 2021, First Guaranty Bancshares declared a quarterly cash dividend of $0.16 per share, marking the 114th consecutive dividend to common shareholders. Shareholders on record by December 24, 2021 will receive the payout on December 31, 2021. The company, with assets totaling approximately $2.8 billion as of September 30, 2021, operates 34 banking facilities across Louisiana and Texas.

Positive

• Declared a quarterly dividend of $0.16 per share, reinforcing shareholder returns.
• Maintained a history of 114 consecutive quarterly dividends, showcasing financial stability.

Negative

• None.

HAMMOND, La., Nov. 22, 2021 (GLOBE NEWSWIRE) -- On November 18, 2021 the Board of Directors of First Guaranty Bancshares, Inc. ("First Guaranty") declared a quarterly cash dividend on First Guaranty's outstanding shares of common stock of $0.16 per share. The dividend will be payable to shareholders of record as of December 24, 2021 and is expected to be paid on December 31, 2021. This is the 114th consecutive quarterly dividend paid to common shareholders.

Sincerely,
Alton B. Lewis
President and CEO
First Guaranty, Bancshares, Inc.

About First Guaranty

First Guaranty, a Louisiana-based company, has approximately $2.8 billion in assets as of September 30, 2021 and provides personalized commercial banking services through 34 banking facilities located across Louisiana and Texas. For more information, visit www.fgb.net.

Certain statements contained herein are "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward looking statements may be identified by reference to a future period or periods, or by the use of forward looking terminology, such as "may," "will," "believe," "expect," "estimate," "anticipate," "continue," or similar terms or variations on those terms, or the negative of those terms. Forward looking statements are subject to numerous risks and uncertainties, as described in our SEC filings, including, but not limited to, those related to the real estate and economic environment, particularly in the market areas in which First Guaranty operates, competitive products and pricing, fiscal and monetary policies of the U.S. Government, changes in government regulations affecting financial institutions, including regulatory fees and capital requirements, changes in prevailing interest rates, acquisitions and the integration of acquired businesses, credit risk management, asset-liability management, the financial and securities markets and the availability of and costs associated with sources of liquidity.

First Guaranty wishes to caution readers not to place undue reliance on any such forward looking statements, which speak only as of the date made. First Guaranty wishes to advise readers that the factors listed above could affect First Guaranty's financial performance and could cause First Guaranty's actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements. First Guaranty does not undertake and specifically declines any obligation to publicly release the results of any revisions, which may be made to any forward looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

CONTACT: ALTON B. LEWIS, CEO AND ERIC J. DOSCH, CFO
985.375.0350/985.375.0308

FAQ

What is the dividend amount declared by FGBI on November 18, 2021?

The dividend declared by First Guaranty Bancshares on November 18, 2021, is $0.16 per share.

When is the dividend payout date for FGBI?

The dividend payout date for First Guaranty Bancshares is December 31, 2021.

Who is eligible for the FGBI dividend payout?

Shareholders of record as of December 24, 2021, are eligible for the dividend payout.

How many consecutive quarterly dividends has FGBI paid?

First Guaranty Bancshares has paid 114 consecutive quarterly dividends.