Welcome to our dedicated page for First Guaranty news (Ticker: FGBI), a resource for investors and traders seeking the latest updates and insights on First Guaranty stock.
First Guaranty Bancshares, Inc. reports news as the bank holding company for First Guaranty Bank, a Louisiana state-chartered bank founded in 1934. The company provides community and commercial banking services through markets in Louisiana, Texas, Kentucky and West Virginia, with lending activity that includes commercial real estate, commercial and industrial, construction and land development, agricultural and farmland, consumer and multifamily loans.
Recurring updates cover quarterly and annual financial results, net interest margin, loan and deposit trends, asset growth, capital and shareholder equity, cash dividends on common stock, branch activity and executive succession. Company announcements also address banking operations, local market expansion and changes affecting the holding company and its bank subsidiary.
On May 19, 2022, First Guaranty Bancshares declared a quarterly cash dividend of $0.16 per share on its outstanding common stock. This dividend will be payable on June 30, 2022, to shareholders of record as of June 24, 2022. This marks the 116th consecutive quarterly dividend paid to shareholders, showcasing the company's commitment to returning value to investors.
First Guaranty Bancshares, Inc. (NASDAQ: FGBI) reported strong financial results for Q1 2022, with net earnings reaching $7,585,000, a 39% increase year-over-year. Income available to common shareholders amounted to $7,003,000, translating to $0.65 earnings per share (EPS), up from $0.47 in Q1 2021. The loan portfolio expanded by 13.5% to $2.231 billion, while net interest income climbed 28.2% to $24.351 million. The company's market value per share increased to $23.94 compared to $17.91 a year earlier, suggesting robust growth and a commitment to enhancing shareholder value.
First Guaranty Bancshares declared a quarterly cash dividend of $0.16 per share on February 17, 2022. This dividend will be payable to shareholders recorded by March 21, 2022, and is expected to be distributed on March 31, 2022. This marks the 115th consecutive quarterly dividend paid to common shareholders, showcasing the company’s commitment to returning value to its investors. First Guaranty’s common stock trades on NASDAQ under the symbol FGBI.
First Guaranty Bancshares, Inc. (NASDAQ: FGBI) reported robust financial results for Q4 and full-year 2021, with net earnings of $8,049,000 for the quarter and $27,297,000 for the year. This marks a 31% increase in quarterly earnings and a 34% annual increase compared to 2020. The loan portfolio grew by 17% year-over-year, reaching $2,159,359,000. The Texas ratio improved to 6.56%, reflecting enhanced asset quality. Additionally, the company declared its 114th consecutive quarterly cash dividend and recognized as Best Small Bank in the U.S. by Newsweek for 2022.
First Guaranty Bank expands into the Mideast market, specifically targeting Kentucky and West Virginia, with a newly recruited team of 12 seasoned community bankers. The team is led by Mike Mineer, a veteran in banking, now serving as Mideast Market President. Alton Lewis, CEO, emphasized the bank's community-centered approach to lending. This strategic move aims to leverage existing ties and enhance the bank's local presence, promising superior service. FGBI's common stock is listed on NASDAQ under the symbol FGBI.
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.
On November 15, 2021, First Guaranty Bancshares, Inc. (NASDAQ: FGBI) announced a 10% stock dividend, set for payment on December 17, 2021, with a record date of December 15, 2021. This move continues a tradition of rewarding shareholders, as the company has issued similar dividends in 2012, 2015, 2017, and 2019. Additionally, First Guaranty has maintained a record of 113 consecutive quarterly cash dividends. As of September 30, 2021, the company manages approximately $2.8 billion in assets across 34 locations in Louisiana and Texas.
First Guaranty Bancshares, Inc. (NASDAQ: FGBI) reported impressive financial results for Q3 2021, showcasing record earnings despite challenges such as Hurricane Ida and the ongoing Covid-19 pandemic. Loan interest income rose by 20% to $26,685,000 from $22,519,000 year-over-year, while net interest income surged 35% to $23,528,000, paired with an 8.5% rise in non-interest expenses. Net income available to shareholders reached $7,209,000, marking a 40% increase. The company's asset base stood at approximately $2.8 billion, and it was recognized as the Best Small Bank in the U.S. for the second consecutive year.
First Guaranty Bancshares, Inc. (FGBI) announced the pricing of its public offering of 1,200,000 depositary shares, each representing a 1/40th interest in its 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock, with a liquidation preference of $1,000 per share. The offering aims for gross proceeds of $30 million, or $34.5 million if the underwriter exercises their option for additional shares. Closing is expected around April 27, 2021, pending conditions. The net proceeds will be used for general corporate purposes. Janney Montgomery Scott LLC is the offering's book-running manager.