First Guaranty Bancshares, Inc. Declares 124th Consecutive Quarterly Cash Dividend to Shareholders

Rhea-AI Summary

On June 14, 2024, First Guaranty Bancshares declared a quarterly cash dividend of $0.16 per share for its common stockholders.

The dividend, marking the 124th consecutive quarterly payout, will be payable to shareholders of record as of June 25, 2024, with distribution expected on June 28, 2024.

First Guaranty Bancshares, the parent company of First Guaranty Bank, operates 35 locations across Louisiana, Texas, Kentucky, and West Virginia.

The company's common stock trades on NASDAQ under the symbol FGBI.

Positive

• Declared $0.16 per share quarterly dividend.
• 124th consecutive quarterly dividend, showing consistency.
• Dividend payout date set for June 28, 2024.
• Operates 35 locations across four states: Louisiana, Texas, Kentucky, and West Virginia.

Negative

• No information on revenue growth or profitability included.
• Dividend amount unchanged, suggesting no increase in shareholder returns.

HAMMOND, La., June 14, 2024 (GLOBE NEWSWIRE) -- On June 14, 2024 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 June 25, 2024 and is expected to be paid on June 28, 2024. This is the 124^th consecutive quarterly dividend paid to common shareholders.

Sincerely,

Michael R. Mineer
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-five 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: MICHAEL R. MINEER, CEO AND ERIC J. DOSCH, CFO

985.265.7626 / 985.375.0308

FAQ

When will the First Guaranty Bancshares (FGBI) dividend be paid?

The dividend will be paid on June 28, 2024.

What is the dividend amount declared by First Guaranty Bancshares (FGBI) in June 2024?

The dividend amount is $0.16 per share.

How many consecutive quarterly dividends has First Guaranty Bancshares (FGBI) declared?

First Guaranty Bancshares has declared 124 consecutive quarterly dividends.

What is the record date for the First Guaranty Bancshares (FGBI) dividend declared in June 2024?

The record date is June 25, 2024.