First Guaranty Bancshares, Inc. Declares 122nd Consecutive Quarterly Cash Dividend to Shareholders

Rhea-AI Summary

First Guaranty Bancshares, Inc. (FGBI) declared a quarterly cash dividend of $0.16 per share on November 16, 2023. The dividend will be payable to shareholders of record as of December 22, 2023, marking the 122nd consecutive quarterly dividend paid to common shareholders.

Positive

• The declaration of a quarterly cash dividend reflects the company's commitment to rewarding shareholders.
• The 122nd consecutive quarterly dividend demonstrates the company's stability and consistent performance.

Negative

• None.

HAMMOND, La., Nov. 21, 2023 (GLOBE NEWSWIRE) -- On November 16, 2023 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 22, 2023 and is expected to be paid on December 29, 2023. This is the 122^nd consecutive quarterly dividend paid to common shareholders.

Sincerely,

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

About First Guaranty

First Guaranty Bancshares, Inc. is the holding company for First Guaranty Bank, a Louisiana state-chartered bank. Founded in 1934, First Guaranty Bank offers a wide range of financial services and focuses on building client relationships and providing exceptional customer service. First Guaranty Bank currently operates thirty-six locations throughout Louisiana, Texas, Kentucky and West Virginia. First Guaranty’s common stock trades on the NASDAQ under the symbol FGBI. 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 quarterly cash dividend declared by First Guaranty Bancshares, Inc. on November 16, 2023?

First Guaranty Bancshares, Inc. (FGBI) declared a quarterly cash dividend of $0.16 per share on November 16, 2023.

When will the dividend be payable to shareholders of First Guaranty Bancshares, Inc.?

The dividend will be payable to shareholders of record as of December 22, 2023.

How many consecutive quarterly dividends has First Guaranty Bancshares, Inc. paid to common shareholders?

This marks the 122nd consecutive quarterly dividend paid to common shareholders by First Guaranty Bancshares, Inc.