First Guaranty Bancshares, Inc. Announces Ten Percent Stock Dividend
November 15 2021 - 2:08PM
Continuing its proven record of enhancing shareholder value, First
Guaranty Bancshares, Inc. (NASDAQ: FGBI), Hammond, Louisiana, on
November 15, 2021, declared a 10% stock dividend to be paid on
December 17, 2021, with a record date of December 15, 2021. Over
the years, continued strong earnings have enabled First Guaranty to
declare and issue 10% stock dividends in February 2012, December
2015, December 2017, December 2019, and, presently, December 2021.
As the book value has consistently been
recovered within 14-17 months, First Guaranty Bancshares, Inc.
shareholders have enjoyed enhanced value through both the original
dividend income over the period of time plus the overall increase
in market value. In addition to the 10% dividends in 2012, 2015,
2017, 2019, and 2021, First Guaranty Bancshares, Inc. has paid 113
consecutive quarterly cash dividends.
Thank you for your continued support.
Sincerely,Alton B. LewisPresident and CEOFirst 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, CFO985.375.0350/985.375.0308
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