Filing Analysis
First Guaranty Bank entered into a Consent Order with the FDIC and Louisiana OFI on August 7, 2026, following a September 2025 examination. The order imposes significant restrictions on capital ratios, dividend payments, and credit extensions while requiring aggressive asset charge-offs.
🚩 Red Flags
- Regulatory enforcement action (Consent Order) regarding unsafe/unsound practices.
- Tier 1 leverage ratio (7.09%) is currently below the required 9% threshold mandated by the order.
- Mandatory asset charge-offs of 'loss' and 'doubtful' assets will likely impact earnings and capital levels in the near term.
- Restrictions on dividend payments limit returning capital to shareholders.
- Significant focus on CRE (Commercial Real Estate) concentration and stress testing weaknesses.
📋 Key Facts
- Consent Order effective date: August 7, 2026.
- Requires maintaining a Tier 1 leverage ratio ≥ 9% (Current as of June 30, 2026: 7.09%) and total risk-based capital ratio ≥ 14% (Current: 16.21%).
- Mandatory charge-off or collection of all 'loss' assets and 50% of 'doubtful' assets identified in the 2025 Exam within 120 days.
- Restrictions on extending credit to borrowers classified as 'loss', 'doubtful', or 'substandard' in the 2025 Exam without specific board/regulatory approval.
- Dividend payments are prohibited without prior written consent from the FDIC and OFI while the order is in effect.
- Requires a plan within 60 days to reduce remaining doubtful and substandard assets.
First Guaranty Bancshares, Inc. announced the completed sale of its wholly-owned subsidiary's (First Guaranty Bank) Texas operations to Armstrong Bank on July 31, 2026.
🚩 Red Flags
- Significant reduction in deposit base ($234M) and loan portfolio ($88M) which may impact interest income and scale of operations.
📋 Key Facts
- Sale included five branches and related deposits, loans, and certain other assets.
- The transaction involved the sale of approximately $234 million in deposits.
- The transaction involved the sale of approximately $88 million in loans.
- Buyer is Armstrong Bank, based in Muskogee, Oklahoma.
- Transaction completed on July 31, 2026.
First Guaranty Bancshares, Inc. announced a quarterly cash dividend for its 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock. The distribution will be paid to holders of Depositary Shares on September 1, 2026.
📋 Key Facts
- Dividend amount: $16.875 per share of Series A Preferred Stock ($0.421875 per Depositary Share).
- Record Date for Depository Shares: August 15, 2026.
- Payment Date: September 1, 2026.
- Security type: 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock.
First Guaranty Bancshares, Inc. filed an 8-K to announce the release of its Second Quarter 2026 financial results. The filing serves as a formal notice that the earnings press release is now available.
📋 Key Facts
- Report date: July 31, 2026
- Reporting period: Second Quarter 2026
- Company released its quarterly report to shareholders via press release (Exhibit 99.1).
- The filing includes standard disclosures for results of operations and financial condition.
First Guaranty Bancshares, Inc. filed an 8-K to announce its financial results for the six months ended June 30, 2026. The filing includes a press release and a letter to shareholders detailing the company's second quarter performance.
📋 Key Facts
- Reporting period: Six months ended June 30, 2026.
- Filing date: July 27, 2026.
- Included exhibits: Press Release (99.1) and Letter to Shareholders (99.2).
- The filing is a standard earnings announcement under Item 2.02.
First Guaranty Bancshares, Inc. announced a quarterly cash dividend of $0.01 per share of common stock. This marks the company's 132nd consecutive quarterly dividend payment.
📋 Key Facts
- Dividend amount: $0.01 per share of common stock
- Declaration date: May 21, 2026
- Record date: June 26, 2026
- Payment date: June 30, 2026
- Dividend history: 132nd consecutive quarterly dividend
First Guaranty Bancshares, Inc. reported the voting results from its annual meeting of shareholders held on May 21, 2026. Shareholders elected seven directors, approved the advisory vote on executive compensation, and ratified the appointment of EisnerAmper, LLP as the company's independent auditor for 2026.
📋 Key Facts
- The annual meeting of shareholders was held on May 21, 2026.
- Seven directors were elected to the board: Vanessa R Drew, Betsy K. Hood, Bruce McAnally, Marshall T. Reynolds, Jack Rossi, Edgar R. Smith, III, and Robert W. Walker.
- The advisory vote on executive compensation was approved with 9,958,082 votes in favor, 61,804 against, and 25,667 abstentions.
- EisnerAmper, LLP was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2026, with 11,671,383 votes in favor.
First Guaranty Bancshares, Inc. (FGBI) released its financial results for the first quarter of 2026 on May 7, 2026. The disclosure was made through a press release filed as Exhibit 99.1 under Item 2.02.
📋 Key Facts
- Released First Quarter 2026 Report to shareholders on May 7, 2026.
- The filing was made under Item 2.02 (Results of Operations and Financial Condition).
- Includes Exhibit 99.1, which is the specific press release for the Q1 2026 results.
- The company's common stock (FGBI) and depositary shares (FGBIP) remain listed on The Nasdaq Stock Market LLC.
First Guaranty Bank repurchased three properties from FGB Partners, LLC for $14.77 million in cash, effectively reversing a 2024 sale-leaseback transaction. The seller, FGB Partners, is a related party owned by the Chairman's son, a current director, and the estate of a former director.
🚩 Red Flags
- Significant related-party transaction involving the Chairman's immediate family and a sitting Director.
- Reversal of a major sale-leaseback strategy less than two years after the original transaction.
- Substantial cash outlay of $14.77 million for a micro-cap financial institution.
📋 Key Facts
- Aggregate cash purchase price of $14,770,000 paid on April 29, 2026.
- Properties include two stand-alone branches and a portion of the corporate headquarters in Hammond, Louisiana.
- The transaction terminates 15-year absolute net lease agreements originally entered into on June 28, 2024.
- FGB Partners, LLC is owned by Douglas V. Reynolds (son of Chairman Marshall T. Reynolds), Edgar Ray Smith III (Director), and the Estate of William K. Hood (former Director).
- The bank is a wholly-owned subsidiary of First Guaranty Bancshares, Inc. (FGBI).
First Guaranty Bancshares, Inc. announced a quarterly cash dividend of $0.421875 per depositary share for its 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock.
📋 Key Facts
- Quarterly distribution of $0.421875 per Depositary Share announced on April 16, 2026.
- The dividend corresponds to a $16.875 per share dividend on the underlying Series A Preferred Stock.
- Record date for the distribution is May 15, 2026.
- Payment date for the distribution is June 1, 2026.
First Guaranty Bancshares, Inc. reported its financial results for the first quarter ended March 31, 2026. The announcement was made via a press release on April 27, 2026, and filed under Item 2.02.
📋 Key Facts
- The company reported financial results for the three months ended March 31, 2026.
- The press release was issued on April 27, 2026.
- The filing includes Depositary Shares representing a 1/40th interest in a share of 6.75% Series A Fixed-Rate Non-Cumulative perpetual preferred stock (FGBIP).
- The report was signed by Eric J. Dosch, Chief Financial Officer.
First Guaranty Bancshares, Inc. has appointed Betsy K. Hood to its Board of Directors effective April 16, 2026. Ms. Hood is a local business leader with over 25 years of experience in the retail automotive industry.
📋 Key Facts
- Ms. Betsy K. Hood was elected to the Board of Directors on April 16, 2026.
- Ms. Hood serves as the Dealer Principal of Hood Automotive Group and President of Southern Dealers Mechanical Breakdown Insurance.
- No committee appointments have been determined at the time of the filing.
- The company confirmed there are no related-party transactions involving Ms. Hood requiring disclosure under Item 404(a).
First Guaranty Bancshares amended two debt agreements with an entity controlled by Director and principal shareholder Edgar Ray Smith, III, to extend principal payment waivers and stock-based interest payment options through March 2028. These amendments provide significant liquidity relief by deferring cash outflows for principal and allowing the company to settle interest obligations via common stock issuance.
🚩 Red Flags
- Related-party transaction involving a director and principal shareholder.
- Repeated debt restructuring (this is the second amendment for both notes).
- Extended waiver of principal payments (24-month extension) suggests persistent cash flow or liquidity pressure.
- Settling interest payments in common stock causes shareholder dilution to preserve cash.
📋 Key Facts
- Entered Second Amendment to a Promissory Note and a Floating Rate Subordinated Note with Smith & Tate Investment, L.L.C. on March 20, 2026.
- The counterparty is controlled by Edgar Ray Smith, III, a director and principal shareholder of the Company.
- Waives quarterly principal payments of $1,007,812.50 on the Promissory Note from March 31, 2026, through March 31, 2028.
- Extends the option for the Company to pay interest on both notes in shares of common stock rather than cash through March 31, 2028.
- The number of shares for interest payments is determined by the cash due divided by the consolidated closing bid price on the preceding trading day.
First Guaranty Bancshares, Inc. declared a quarterly cash dividend of $0.01 per share, marking its 131st consecutive quarterly payment. The dividend is scheduled for payment on March 31, 2026, to shareholders of record as of March 27, 2026.
📋 Key Facts
- Quarterly cash dividend of $0.01 per share declared on February 19, 2026.
- Record date set for March 27, 2026.
- Payment date expected on March 31, 2026.
- This represents the 131st consecutive quarterly dividend paid by the company.
First Guaranty Bancshares, Inc. announced an agreement to sell its entire Texas operations to Armstrong Bank. The transaction includes five branch locations along with their associated deposits, loans, and other assets.
🚩 Red Flags
- The use of Item 7.01 (Regulation FD) instead of Item 1.01 (Material Definitive Agreement) may be an attempt to avoid certain disclosure requirements or suggests the transaction size is not deemed 'material' by management despite involving five branches.
- Exiting the Texas market may indicate a strategic retreat or a need to bolster capital ratios by shedding assets.
📋 Key Facts
- The agreement was announced on March 10, 2026.
- The buyer is Armstrong Bank, based in Muskogee, Oklahoma.
- The sale encompasses five branches located in Texas.
- The transaction includes the transfer of related deposits and loans.
- The disclosure was made under Item 7.01 (Regulation FD) rather than Item 1.01 or 2.01.
First Guaranty Bancshares, Inc. (FGBI) filed an 8-K on February 20, 2026 to disclose its Fourth Quarter 2025 earnings results via press release. This is a routine quarterly earnings announcement with no unusual items or red flags detected in the filing itself.
🚩 Red Flags
- Actual Q4 2025 financial results are in Exhibit 99.1 which was not provided — underlying performance cannot be assessed from this filing alone
📋 Key Facts
- Quarterly earnings release: Fourth Quarter 2025 Report issued February 20, 2026
- Filed under Item 2.02 (Results of Operations and Financial Condition) — standard earnings disclosure
- Exhibit 99.1 contains the press release but is not deemed 'filed' under Section 18 of the Exchange Act
- Signed by CFO Eric J. Dosch
- Company is a Louisiana-headquartered bancshares company trading on Nasdaq (common: FGBI, preferred depositary shares: FGBIP)
- Preferred stock: 6.75% Series A Fixed-Rate Non-Cumulative perpetual preferred, traded as 1/40th depositary shares
- Not an emerging growth company
First Guaranty Bancshares, Inc. announced the upcoming quarterly distribution for its 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock (represented by Depositary Shares). The dividend is set at $0.421875 per Depositary Share.
📋 Key Facts
- Dividend amount: $0.421875 per Depositary Share ($16.875 per share of Series A Preferred Stock).
- Record Date for holders of record: February 15, 2026.
- Payment Date/Event Date: March 2, 2026.
- Security type: 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock (FGBIP).
First Guaranty Bancshares, Inc. filed an 8-K to announce its financial results for the third quarter and full fiscal year ended December 31, 2025.
📋 Key Facts
- Reporting period: Three months and fiscal year ended December 31, 2025.
- Filing date: January 28, 2026.
- The filing includes a press release (Exhibit 99.1) containing the financial results.
First Guaranty Bancshares, Inc. announced a quarterly cash dividend of $0.01 per share on common stock. This marks the company's 130th consecutive quarterly dividend payment.
📋 Key Facts
- Dividend amount: $0.01 per share of common stock.
- Record date: December 26, 2025.
- Payment date: Expected on December 31, 2025.
- Historical context: This is the 130th consecutive quarterly dividend paid to common shareholders.
First Guaranty Bancshares, Inc. announced the appointment of Evan Singer as the new Chief Lending Officer for its subsidiary, First Guaranty Bank.
📋 Key Facts
- Appointment date: December 4, 2025
- New Executive: Evan Singer
- Role: Chief Lending Officer of First Guaranty Bank
- Filing Item used: Item 7.01 (Regulation FD Disclosure)
First Guaranty Bancshares, Inc. filed an 8-K to announce the release of its Third Quarter 2025 financial results. The filing serves as a formal notification that the quarterly report is now available to shareholders.
📋 Key Facts
- Report date: November 14, 2025
- Reporting period: Third Quarter 2025
- The company released its results via press release (Exhibit 99.1)
- Ticker symbol: FGBI (Nasdaq)
First Guaranty Bancshares, Inc. announced the upcoming quarterly distribution for its 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock. The dividend is scheduled to be paid on December 1, 2025.
🚩 Red Flags
- None identified in this filing.
📋 Key Facts
- Dividend amount: $0.421875 per Depositary Share (representing a $16.875 quarterly cash dividend per share of Series A Preferred Stock).
- Record Date for Depository Shares: November 15, 2025.
- Payment Date: December 1, 2025.
- Security type: 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock (FGBIP).
- The dividend is a standard quarterly distribution for the preferred stock class.
First Guaranty Bancshares, Inc. filed an 8-K to announce its third quarter 2025 financial results for the periods ended September 30, 2025.
📋 Key Facts
- Reporting period: Three months and nine months ended September 30, 2025.
- Filing date: October 31, 2025.
- The filing includes a press release (Exhibit 99.1) detailing the results of operations and financial condition.
First Guaranty Bancshares, Inc. announced a quarterly cash dividend of $0.01 per share on its common stock. This marks the company's 129th consecutive quarterly dividend payment.
📋 Key Facts
- Dividend amount: $0.01 per share of common stock.
- Record date: September 23, 2025.
- Payment date: Expected on September 30, 2025.
- Historical context: This is the 129th consecutive quarterly dividend paid to common shareholders.
First Guaranty Bancshares, Inc. filed an 8-K to announce the release of its Second Quarter 2025 financial results. The filing serves as a formal notification that earnings data is now available via press release.
📋 Key Facts
- Report date: August 25, 2025
- Reporting period: Second Quarter 2025
- The company released its quarterly report to shareholders via Exhibit 99.1.
First Guaranty Bancshares, Inc. filed an 8-K/A to amend its previously reported Q2 2025 financial results due to significant adjustments in the allowance for credit losses. The revision reveals deeper net losses and a higher provision for credit losses than initially disclosed.
🚩 Red Flags
- Significant upward adjustment in allowance for credit losses suggests deteriorating loan quality or underestimation of risk.
- Widening net losses and worsening EPS following a previous reporting period.
- Materiality of adjustments: The revision directly impacts both the income statement (net loss) and balance sheet (retained earnings/equity).
📋 Key Facts
- Amendment (8-K/A) filed on August 18, 2025, to correct Q2 2025 financial results reported on August 1, 2025.
- Provision for credit losses increased from $14.7 million to $16.6 million for the quarter ended June 30, 2025.
- Allowance for credit losses adjusted upward to $58.9 million (previously $57.0 million), representing 2.44% of total loans.
- Net loss for the three months ended June 30, 2025, widened from $(5.8) million to $(7.3) million.
- Loss per common share for the quarter worsened from $(0.50) to $(0.61).
- Retained earnings and shareholders' equity were both revised downward due to the increased credit loss provision.
First Guaranty Bancshares, Inc. filed an 8-K to announce its financial results for the three and six months ended June 30, 2025.
📋 Key Facts
- Reporting period: Three and six months ended June 30, 2025.
- Filing date: July 31, 2025.
- The filing includes a press release (Exhibit 99.1) detailing the company's second quarter financial performance.
First Guaranty Bancshares, Inc. announced a quarterly cash dividend for its 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock. The distribution is scheduled to be paid on September 2, 2025.
📋 Key Facts
- Dividend amount: $16.875 per share of Series A Preferred Stock ($0.421875 per Depositary Share).
- Record Date for holders of record: August 15, 2025.
- Payment Date: September 2, 2025.
- Security type: 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock (represented by Depositary Shares FGBIP).
This is an amendment (8-K/A) to a previous filing, correcting the total number of common shares issued on June 30, 2025. The correction adjusts the aggregate share count from 2,201,448 to 2,231,748 shares.
🚩 Red Flags
- Correction of previous material reporting error (though the delta is relatively small in terms of share count).
📋 Key Facts
- Correction of error in reporting total shares issued via private placement and other transactions on June 30, 2025.
- Total aggregate common stock issued: 2,231,748 shares (previously reported as 2,201,448).
- Private placement component: 161,760 shares sold at $8.10 per share.
- The issuance involved an Exchange Agreement with Edgar Ray Smith, III and amendments to promissory notes/subordinated notes with Smith & Tate Investment, L.L.C.
First Guaranty Bancshares issued over 2.2 million shares of common stock on June 30, 2025, primarily to settle debt and interest obligations with a director and significant shareholder, Edgar Ray Smith, III.
🚩 Red Flags
- Significant related-party transactions: The majority of the equity issuance is to a director and significant shareholder (Edgar Ray Smith, III).
- Debt-for-equity swap: Using common stock to retire/exchange $15M in subordinated debt can lead to substantial dilution for existing shareholders.
- Interest payments in kind: The company has amended notes to allow interest to be paid in shares rather than cash, which may indicate liquidity constraints or a desire to preserve cash at the expense of equity value.
📋 Key Facts
- Issued 1,981,506 shares to Edgar Ray Smith, III in exchange for a $15,000,000 Floating Rate Subordinated Note due June 21, 2032.
- Issued 36,060 shares to Smith & Tate Investment, L.L.C. (controlled by Mr. Smith) as interest payment on an existing Promissory Note.
- Issued 52,422 shares to Smith & Tate Investment, L.L.C. as interest payment on a Floating Rate Subordinated Note due March 28, 2034.
- Conducted a private placement of 131,460 shares at $8.10 per share for general corporate purposes.
- Total equity issuance via these transactions exceeds 2.2 million shares.
First Guaranty Bancshares, Inc. entered into an agreement to exchange a $15 million floating rate subordinated note held by director and significant shareholder Edgar Ray Smith, III for 1,981,506 shares of newly issued common stock.
🚩 Red Flags
- Related-party transaction involving a director and significant shareholder
- Debt-for-equity swap that results in significant dilution of existing shareholders
- Conversion of floating rate debt to equity may impact capital structure and share count significantly
📋 Key Facts
- Agreement date: June 16, 2025
- Counterparty: Edgar Ray Smith, III (Director and significant shareholder)
- Debt being extinguished: $15,000,000 Floating Rate Subordinated Note due June 21, 2032
- Consideration: 1,981,506 shares of newly issued common stock
- Expected consummation date: On or about June 30, 2025
- Termination deadline for exchange: July 31, 2025
First Guaranty Bancshares, Inc. announced the resignation of its independent registered public accounting firm, Griffith, Delaney, Hillman & Lett, CPAs, PSC (GDHL), and the simultaneous engagement of EisnerAmper, LLP as its new auditor.
🚩 Red Flags
- Sudden auditor change can sometimes precede financial restatements or internal control issues, though the company explicitly denies disagreements in this filing.
📋 Key Facts
- Resignation of GDHL accepted by the Audit Committee on June 13, 2025.
- EisnerAmper, LLP engaged as the new independent registered public accounting firm effective June 13, 2025.
- The company states there were no disagreements with GDHL regarding accounting principles, practices, or auditing procedures for fiscal years 2023, 2024, or the interim period through June 13, 2025.
- GDHL's previous reports for 2023 and 2024 did not contain adverse opinions, disclaimers, or qualifications.
First Guaranty Bancshares, Inc. entered into two amendments to debt agreements with Smith & Tate Investment, L.L.C., a company controlled by Director and principal shareholder Edgar Ray Smith, III. The amendments allow the company to defer principal payments on one note and switch interest payments from monthly to quarterly for both notes, with an option to pay in common stock instead of cash.
🚩 Red Flags
- Related-party transactions: Both debt amendments are with an entity controlled by a company director/major shareholder.
- Liquidity concerns implied: The waiver of over $1M in quarterly principal payments suggests potential cash flow constraints or a desire to preserve capital.
- Potential dilution: The option to pay interest in common stock instead of cash could lead to equity dilution for existing shareholders.
📋 Key Facts
- Amended Promissory Note (dated Oct 5, 2023) with Smith & Tate Investment, L.L.C.: Principal payments of $1,007,812.50 per quarter are waived for four consecutive quarters (June 30, 2025 – March 31, 2026).
- Amended Floating Rate Subordinated Note (due March 28, 2034): Interest payment frequency changed from monthly to quarterly.
- Both amendments grant the Company the option to settle interest payments in common stock rather than cash for the period ending March 31, 2026.
- Smith & Tate Investment, L.L.C. is controlled by Edgar Ray Smith, III, a director and principal shareholder of First Guaranty.
First Guaranty Bancshares, Inc. announced a quarterly cash dividend of $0.01 per share on its common stock. This marks the company's 128th consecutive quarterly dividend payment.
📋 Key Facts
- Dividend amount: $0.01 per share of common stock.
- Record date: June 23, 2025.
- Payment date: Expected on June 30, 2025.
- Historical context: This is the 128th consecutive quarterly dividend paid to common shareholders.
First Guaranty Bancshares, Inc. reported the results of its annual meeting of shareholders held on May 15, 2025. Shareholders approved the election of seven directors, executive compensation advisory votes, and the ratification of the company's independent auditor.
📋 Key Facts
- Annual meeting held on May 15, 2025.
- All seven director nominees were elected: Vanessa R Drew, William K. Hood, Bruce McAnally, Marshall T. Reynolds, Jack Rossi, Edgar R. Smith, III, and Robert W. Walker.
- Shareholders approved the advisory, non-binding vote on executive compensation (Say-on-Pay) with 8,108,057 votes 'For'.
- Ratification of Griffith, DeLaney, Hillman & Lett, CPAs, PSC as independent registered public accounting firm for the fiscal year ending December 31, 2025.
- The company is listed on the Nasdaq Stock Market LLC under symbols FGBI and FGBIP.
First Guaranty Bancshares, Inc. filed an 8-K to announce the release of its First Quarter 2025 financial results. The filing serves as a formal notification that earnings data is now available via press release.
📋 Key Facts
- Report date: May 12, 2025
- Reporting period: First Quarter 2025
- The company released its quarterly report to shareholders via press release (Exhibit 99.1).
- The filing includes information regarding Common Stock ($1 par value) and Series A Fixed-Rate Non-Cumulative perpetual preferred stock.
First Guaranty Bancshares, Inc. filed an 8-K to announce its financial results for the three months ended March 31, 2025.
📋 Key Facts
- Reporting period: Three months ended March 31, 2025
- Filing date: April 29, 2025
- The filing includes a press release (Exhibit 99.1) detailing the quarterly financial results.
First Guaranty Bancshares, Inc. announced the declaration of a quarterly cash dividend for its 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock. The distribution will be paid to holders of depositary shares on June 2, 2025.
📋 Key Facts
- Dividend Amount: $16.875 per share of Series A Preferred Stock ($0.421875 per Depositary Share).
- Record Date for Depository Shares: May 15, 2025.
- Payment Date: June 2, 2025.
- Security Type: 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock (FGBIP).
- Dividend Frequency: Quarterly.
First Guaranty Bancshares, Inc. announced the election of Robert W. Walker to its Board of Directors on March 20, 2025. Mr. Walker is a former CEO with significant industry experience.
📋 Key Facts
- Robert W. Walker elected to the Board of Directors for First Guaranty and First Guaranty Bank effective March 20, 2025.
- Mr. Walker previously served as President and CEO of Premier Financial Bancorp, Inc. from 2001 until its sale in 2021.
- The appointment does not include any committee assignments or compensatory arrangements requiring disclosure under Item 404(a).
- Filing date: March 26, 2025; Event date: March 20, 2025.
First Guaranty Bancshares, Inc. announced a quarterly cash dividend of $0.01 per share on its common stock. This marks the 127th consecutive quarter in which the company has paid a dividend to shareholders.
📋 Key Facts
- Dividend amount: $0.01 per share of common stock.
- Record date: March 27, 2025.
- Payment date: Expected on March 31, 2025.
- Historical context: This is the 127th consecutive quarterly dividend paid by the company.
First Guaranty Bancshares, Inc. filed an 8-K to provide an investor presentation based on its December 31, 2024 financial information via Regulation FD disclosure.
📋 Key Facts
- The filing is a Regulation FD Disclosure (Item 7.01).
- Includes an investor presentation based on year-end 2024 financial data (Exhibit 99.1).
- Filed on February 5, 2025.
- The information in Exhibit 99.1 is not considered 'filed' for purposes of Section 18 of the Exchange Act.
First Guaranty Bancshares, Inc. filed an 8-K to announce the release of its Fourth Quarter 2024 financial results. The filing serves as a formal notification that the earnings press release is being made public.
📋 Key Facts
- Report date: February 5, 2025
- Reporting period: Fourth Quarter 2024
- The company released its quarterly report to shareholders via an enclosed press release (Exhibit 99.1).
- Securities mentioned include Common Stock ($1 par value) and 6.75% Series A Fixed-Rate Non-Cumulative perpetual preferred stock.
First Guaranty Bancshares, Inc. filed an 8-K to announce its financial results for the third quarter and full fiscal year ended December 31, 2024.
📋 Key Facts
- Reporting period: Three months and fiscal year ended December 31, 2024.
- Filing date: January 30, 2025.
- The filing includes a press release (Exhibit 99.1) detailing the company's financial performance.
First Guaranty Bancshares, Inc. announced the declaration of a quarterly cash dividend for its 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock.
📋 Key Facts
- Dividend amount: $16.875 per share of Series A Preferred Stock (equivalent to $0.421875 per Depositary Share).
- Record Date for holders of Depositary Shares: February 14, 2025.
- Payment Date: March 3, 2025.
- The dividend is associated with the 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock (FGBIP).
First Guaranty Bancshares, Inc. announced the election of Mr. Bruce McAnally to its Board of Directors on December 19, 2024. This is a standard governance update involving the addition of a new director.
📋 Key Facts
- Mr. Bruce McAnally was elected to the Board of Directors on December 19, 2024.
- McAnally has not been appointed to any specific committees at this time.
- McAnally previously served as Chairman of the Board for Synergy Bank (acquired by First Guaranty) starting in June 2017.
- McAnally is a registered pharmacist and founder of RxPreferred Benefits.
First Guaranty Bancshares, Inc. announced a quarterly cash dividend of $0.01 per share on its common stock. This marks the 126th consecutive quarterly dividend paid by the company.
📋 Key Facts
- Dividend amount: $0.01 per share of common stock.
- Record date: December 27, 2024.
- Payment date: Expected on December 31, 2024.
- Historical context: This is the 126th consecutive quarterly dividend paid.
First Guaranty Bancshares, Inc. filed an 8-K to provide an investor presentation based on its financial information as of September 30, 2024.
📋 Key Facts
- The filing includes Exhibit 99.1, which contains investor presentation materials.
- The data in the presentation is based on the company's financial position as of September 30, 2024.
- The information provided in the exhibit is not considered 'filed' for purposes of Section 18 of the Exchange Act.
First Guaranty Bancshares, Inc. filed an 8-K to announce the release of its Third Quarter 2024 financial results. The filing serves as a formal notification that the quarterly report is available via press release.
📋 Key Facts
- Report date: October 30, 2024
- Reporting period: Third Quarter 2024
- The company released its results to shareholders via Exhibit 99.1.
First Guaranty Bancshares, Inc. issued an 8-K to announce its financial results for the three and nine months ended September 30, 2024.
📋 Key Facts
- Reporting period: Three months and nine months ended September 30, 2024.
- Filing date: October 30, 2024.
- The filing includes a press release (Exhibit 99.1) detailing the company's financial performance.
First Guaranty Bancshares, Inc. announced the declaration of a quarterly cash dividend for its 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock. The distribution will be paid to holders of depositary shares on December 2, 2024.
📋 Key Facts
- Dividend amount: $16.875 per share of Series A Preferred Stock (equivalent to $0.421875 per Depositary Share).
- Record Date for Depository Shares: November 15, 2024.
- Payment Date: December 2, 2024.
- Security type: 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock.
First Guaranty Bancshares, Inc. filed an 8-K to announce the release of a letter to shareholders dated September 30, 2024.
📋 Key Facts
- The filing is categorized under Item 8.01 (Other Events).
- A shareholder letter was released on September 30, 2024, and included as Exhibit 99.1.
- The information in the exhibit is not intended to be 'filed' for purposes of Section 18 of the Exchange Act.
First Guaranty Bancshares, Inc. announced a quarterly cash dividend of $0.08 per share on its common stock. This marks the company's 125th consecutive quarterly dividend payment.
📋 Key Facts
- Dividend amount: $0.08 per share of common stock.
- Record date: September 20, 2024.
- Payment date: Expected on September 30, 2024.
- Historical context: This is the 125th consecutive quarterly dividend paid to common shareholders.
First Guaranty Bancshares, Inc. filed an 8-K to announce the release of its Second Quarter 2024 financial results. The filing serves as a formal notification that the quarterly report is now available to shareholders.
📋 Key Facts
- Report date: August 9, 2024
- Reporting period: Second Quarter 2024
- The company released its financial results via press release (Exhibit 99.1).
- Ticker symbol: FGBI (Nasdaq)
First Guaranty Bancshares, Inc. filed an 8-K to announce its second quarter 2024 financial results and key developments for the periods ending June 30, 2024.
📋 Key Facts
- Reporting period: Three months and six months ended June 30, 2024.
- Filing date: July 23, 2024.
- The company released a press release (Exhibit 99.1) regarding financial results.
- The company provided an investor presentation (Exhibit 99.2) based on June 30, 2024, data.
First Guaranty Bancshares, Inc. announced the declaration of a quarterly cash dividend for its 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock. The distribution will be paid to holders of depositary shares on September 3, 2024.
📋 Key Facts
- Dividend amount: $16.875 per share of Series A Preferred Stock (or $0.421875 per Depositary Share).
- Record Date for Depository Shares: August 15, 2024.
- Payment Date: September 3, 2024.
- Security type: 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock.
First Guaranty Bancshares, Inc. entered into a sale-leaseback transaction where its subsidiary sold three properties to FGB Partners, L.L.C. for $15.0 million. The purchaser is wholly owned by three of the company's directors and significant shareholders.
🚩 Red Flags
- Related-party transaction involving the Chairman and two significant shareholders.
- Sale of core operational assets (branches/headquarters) to insiders via a sale-leaseback structure.
- Potential for conflict of interest regarding lease terms and property valuations.
📋 Key Facts
- Sale price of properties: approximately $15.0 million in cash.
- Properties include two stand-alone branches and a portion of the headquarters building in Louisiana.
- Purchaser (FGB Partners, L.L.C.) is owned by Chairman Marshall T. Reynolds, Edgar Ray Smith III, and William K. Hood.
- The Bank will enter into 15-year absolute net lease agreements for the properties.
- Transaction resulted in a pre-tax gain of approximately $13.2 million ($10.4 million after tax).
- Estimated first full year rent expense: ~$1.3 million pre-tax / $1.0 million after tax.
First Guaranty Bancshares, Inc. announced a quarterly cash dividend of $0.16 per share on its common stock. This marks the company's 124th consecutive quarterly dividend payment.
📋 Key Facts
- Dividend amount: $0.16 per share of common stock.
- Record date: June 25, 2024.
- Payment date: Expected on June 28, 2024.
- Historical context: This is the 124th consecutive quarterly dividend paid to common shareholders.
First Guaranty Bancshares, Inc. announced a leadership transition effective May 28, 2024, involving the retirement of Alton Lewis and the appointment of Michael R. Mineer as President and CEO.
📋 Key Facts
- Alton Lewis has retired from his role at First Guaranty Bancshares, Inc.
- Michael R. Mineer appointed as President and Chief Executive Officer of First Guaranty and First Guaranty Bank.
- Mr. Mineer previously served as Mideast Area President for the company since 2021.
- Mr. Mineer's new annual base salary is set at $400,000.
- Mr. Mineer has a track record of growing assets from $89M to $650M at Citizens Deposit Bank and assisting growth from $500M to $2.2B at Premier Financial Bancorp.
First Guaranty Bancshares, Inc. announced the retirement of Alton Lewis from his positions as President and Chief Executive Officer effective May 28, 2024. Mr. Lewis will transition to a role as Vice Chairman on the company's Board of Directors.
🚩 Red Flags
- Sudden departure of a CEO can create leadership uncertainty and strategic shifts in micro-cap companies.
📋 Key Facts
- Alton Lewis is retiring from his roles as President and CEO of First Guaranty Bancshares, Inc. and First Guaranty Bank.
- Effective date of departure: May 28, 2024.
- Mr. Lewis will remain with the company as Vice Chairman of the Board of Directors.
First Guaranty Bancshares, Inc. reported the results of its annual meeting of shareholders held on May 16, 2024. Shareholders approved the election of six directors, executive compensation advisory votes, and the ratification of the company's independent auditor.
📋 Key Facts
- Annual meeting held on May 16, 2024.
- Six nominees elected to the Board of Directors: Jack Rossi, William K. Hood, Alton B. Lewis, Marshall T. Reynolds, Edgar R. Smith, III, and Vanessa R. Drew.
- Shareholders approved a non-binding advisory vote on executive compensation (Say-on-Pay) with 7,962,059 votes 'For' and 35,463 'Against'.
- Ratification of Griffith, DeLaney, Hillman & Lett, CPAs, PSC as independent registered public accounting firm for the fiscal year ending December 31, 2024.
- All proposed director nominees and shareholder proposals were approved.
First Guaranty Bancshares, Inc. filed an 8-K to announce the release of its First Quarter 2024 financial results. The filing serves as a formal notification that quarterly earnings data is now available via press release.
📋 Key Facts
- Report date: May 10, 2024
- Reporting period: First Quarter 2024
- The company released its results through a press release (Exhibit 99.1).
- Ticker symbol: FGBI (Nasdaq)
First Guaranty Bancshares, Inc. filed an 8-K to provide an investor presentation based on its financial information as of March 31, 2024.
📋 Key Facts
- The filing includes an investor presentation (Exhibit 99.1) providing updates based on Q1 2024 financial data.
- The report is filed pursuant to Item 7.01 (Regulation FD Disclosure).
- The presentation contains forward-looking statements regarding future events and results.
First Guaranty Bancshares, Inc. filed an 8-K to announce its financial results for the three months ended March 31, 2024.
📋 Key Facts
- Reporting period: Three months ended March 31, 2024
- Filing date: April 29, 2024
- The filing includes a press release (Exhibit 99.1) regarding quarterly earnings results.
First Guaranty Bancshares, Inc. announced the opening of its new First Guaranty Bank branch located in Bridgeport, West Virginia.
📋 Key Facts
- Announcement date: April 22, 2024
- Event: Opening of a new bank branch in Bridgeport, WV
- Entity involved: First Guaranty Bank (subsidiary of First Guaranty Bancshares, Inc.)
First Guaranty Bancshares, Inc. announced the declaration of a quarterly cash dividend for its 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock. The distribution will be paid to holders of depositary shares on June 3, 2024.
📋 Key Facts
- Dividend amount: $16.875 per share of Series A Preferred Stock (or $0.421875 per Depositary Share).
- Record Date for holders of record: May 15, 2024.
- Payment Date: June 3, 2024.
- Security type: 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock.
First Guaranty Bancshares, Inc. filed an 8-K to announce the release of a letter to shareholders dated April 1, 2024. The filing serves as a vehicle to provide supplemental information via Exhibit 99.1.
📋 Key Facts
- The company released a 'Letter to Shareholders' on April 1, 2024.
- The letter is provided as Exhibit 99.1 and is not considered 'filed' for purposes of Section 18 of the Exchange Act.
- The filing was signed by CFO Eric J. Dosch on April 3, 2024.
First Guaranty Bancshares, Inc. entered into a $30.0 million subordinated note purchase agreement with Smith & Tate Investment, L.L.C., a company controlled by a Company director, Edgar Ray Smith III.
🚩 Red Flags
- Related-party transaction: The $30M debt is issued to an entity controlled by a sitting Director.
- Subordinated debt structure: The note ranks junior to all senior indebtedness and secured creditors.
- Restricted acceleration: The company's ability to repay the debt early is severely limited, only allowing acceleration in cases of bankruptcy or insolvency.
📋 Key Facts
- Issued a $30.0 million unsecured and subordinated note to Smith & Tate Investment, L.L.C.
- The purchaser is controlled by Edgar Ray Smith III, a Director of the Company.
- Note term is ten years, maturing on March 28, 2034.
- Interest rate is floating: Wall Street Journal Prime Rate + 75 basis points.
- Monthly interest payments in arrears; non-callable until March 28, 2029 (except for bankruptcy/insolvency).
- The note is expected to qualify as Tier 2 capital for regulatory purposes.
First Guaranty Bancshares, Inc. announced a quarterly cash dividend of $0.16 per share on its common stock. This marks the 123rd consecutive quarter in which the company has paid a dividend to shareholders.
📋 Key Facts
- Dividend amount: $0.16 per share of common stock.
- Record date: March 22, 2024.
- Payment date: Expected on March 29, 2024.
- Historical context: This is the 123rd consecutive quarterly dividend paid.
First Guaranty Bancshares, Inc. filed an 8-K to announce the release of a letter to shareholders dated February 13, 2024.
📋 Key Facts
- The filing is being made under Item 8.01 (Other Events).
- A Letter to Shareholders was released on February 13, 2024, and included as Exhibit 99.1.
- The letter's contents are not considered 'filed' for purposes of Section 18 of the Exchange Act.
First Guaranty Bancshares, Inc. filed an 8-K to provide an investor presentation based on its December 31, 2023 financial information via Regulation FD disclosure.
📋 Key Facts
- Filing date: February 9, 2024
- The filing includes an investor presentation (Exhibit 99.1) based on year-end 2023 financial data
- The information is provided pursuant to Regulation FD disclosure requirements
First Guaranty Bancshares, Inc. filed this 8-K to announce the release of its Fourth Quarter 2023 financial results via a press release.
📋 Key Facts
- Report date: February 9, 2024
- Reporting period: Fourth Quarter 2023
- The filing includes Exhibit 99.1 containing the 'Fourth Quarter 2023 Report' press release.
First Guaranty Bancshares, Inc. filed an 8-K to announce its financial results for the three months and fiscal year ended December 31, 2023.
📋 Key Facts
- Reporting period: Three months and full year ended December 31, 2023.
- Filing date: February 05, 2024.
- The filing consists of a press release (Exhibit 99.1) detailing the company's financial performance.
First Guaranty Bancshares, Inc. announced a quarterly cash dividend for its 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock. The distribution is scheduled to be paid on March 1, 2024.
📋 Key Facts
- Dividend amount: $16.875 per share of Series A Preferred Stock ($0.421875 per Depositary Share).
- Record Date for holders of record: February 15, 2024.
- Payment Date: March 1, 2024.
- Security type: 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock.
The company released a letter to shareholders on December 29, 2023. The filing serves as a formal vehicle to distribute this communication via Exhibit 99.1.
📋 Key Facts
- Letter to Shareholders was released on December 29, 2023.
- The letter is filed under Item 8.01 (Other Events).
- The information in the shareholder letter is not considered 'filed' for purposes of Section 18 of the Exchange Act.