First Guaranty Bank

First Guaranty Bancshares, Inc. Announces Fourth Quarter 2023 Results

Retrieved on: 
Monday, February 5, 2024
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HAMMOND, La., Feb. 05, 2024 (GLOBE NEWSWIRE) -- First Guaranty Bancshares, Inc. ("First Guaranty") (NASDAQ: FGBI), the holding company for First Guaranty Bank, announced its unaudited financial results for the quarter and year ending December 31, 2023.

Key Points: 
  • HAMMOND, La., Feb. 05, 2024 (GLOBE NEWSWIRE) -- First Guaranty Bancshares, Inc. ("First Guaranty") (NASDAQ: FGBI), the holding company for First Guaranty Bank, announced its unaudited financial results for the quarter and year ending December 31, 2023.
  • We are happy to see 2023 in our rearview mirror.
  • We survived the Silicon Valley adventure and now we have survived the Fed interest rate adventure.
  • We are ready to make our 91st year a year of new heights for First Guaranty Bancshares, Inc. and for the shareholders of First Guaranty Bancshares, Inc.

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

Retrieved on: 
Tuesday, November 21, 2023
First Guaranty Bank

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.

Key Points: 
  • 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 122nd consecutive quarterly dividend paid to common shareholders.

First Guaranty Bancshares, Inc. Announces Third Quarter 2023 Results

Retrieved on: 
Tuesday, October 31, 2023
First Guaranty Bank, Bank

HAMMOND, La., Oct. 31, 2023 (GLOBE NEWSWIRE) -- First Guaranty Bancshares, Inc. ("First Guaranty") (NASDAQ: FGBI), the holding company for First Guaranty Bank, announced its unaudited financial results for the quarter ending September 30, 2023.

Key Points: 
  • HAMMOND, La., Oct. 31, 2023 (GLOBE NEWSWIRE) -- First Guaranty Bancshares, Inc. ("First Guaranty") (NASDAQ: FGBI), the holding company for First Guaranty Bank, announced its unaudited financial results for the quarter ending September 30, 2023.
  • Total interest income for the quarter ending September 30, 2023 was $47,627,000 compared to $43,781,000 for the quarter ending June 30, 2023 and $41,287,000 for the quarter ending March 31, 2023 and $38,307,000 for the quarter ending December 31, 2022.
  • Our total non-interest expense for the quarter ending September 30, 2023 was $19,996,000 compared to $19,735,000 for quarter ending June 30, 2023 and $20,166,000 for quarter ending March 31, 2023.
  • We will prevail and continue to build First Guaranty into a profitable investment with a fortress balance sheet.

First Guaranty Bancshares, Inc. Declares 4th Quarter 2023 Preferred Stock Dividend

Retrieved on: 
Monday, October 23, 2023
First Guaranty Bank, Corporation, Security (finance)

HAMMOND, La., Oct. 23, 2023 (GLOBE NEWSWIRE) -- On October 19, 2023 the Board of Directors of First Guaranty Bancshares, Inc. ("First Guaranty") announced that on December 1, 2023, holders of record as of November 15, 2023 (the "Depository Shares Record Date") of its depositary shares (the "Depositary Shares"), each representing a 1/40th interest in the Corporation's 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock (the "Series A Preferred Stock"), will receive a quarterly distribution in the amount of $0.421875 per Depositary Share, resulting from First Guaranty's declaration of a $16.875 per share of Series A Preferred Stock quarterly cash dividend, which underlies the Depositary Shares.

Key Points: 
  • HAMMOND, La., Oct. 23, 2023 (GLOBE NEWSWIRE) -- On October 19, 2023 the Board of Directors of First Guaranty Bancshares, Inc. ("First Guaranty") announced that on December 1, 2023, holders of record as of November 15, 2023 (the "Depository Shares Record Date") of its depositary shares (the "Depositary Shares"), each representing a 1/40th interest in the Corporation's 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock (the "Series A Preferred Stock"), will receive a quarterly distribution in the amount of $0.421875 per Depositary Share, resulting from First Guaranty's declaration of a $16.875 per share of Series A Preferred Stock quarterly cash dividend, which underlies the Depositary Shares.
  • On December 1, 2023, the Series A Preferred Stock dividend will be paid to the depositary for the Series A Preferred Stock.
  • The depositary will, in turn, distribute such dividend to the holders of record of the Depositary Shares as of the Depositary Shares Record Date.

First Guaranty Bancshares, Inc. Announces Second Quarter 2023 Results

Retrieved on: 
Wednesday, August 9, 2023
First Guaranty Bank, Insurance, Depression, FDIC, Federal Reserve, Federal, Rare-earth element, Bank

HAMMOND, La., Aug. 09, 2023 (GLOBE NEWSWIRE) -- First Guaranty Bancshares, Inc. ("First Guaranty") (NASDAQ: FGBI), the holding company for First Guaranty Bank, announced its unaudited financial results for the quarter ending June 30, 2023.

Key Points: 
  • HAMMOND, La., Aug. 09, 2023 (GLOBE NEWSWIRE) -- First Guaranty Bancshares, Inc. ("First Guaranty") (NASDAQ: FGBI), the holding company for First Guaranty Bank, announced its unaudited financial results for the quarter ending June 30, 2023.
  • The latest of these have been the FDIC deposit insurance adjustment which was $450,000 for the second quarter.
  • Our interest income for the second quarter of 2023 increased to $43,781,000 compared to $32,540,000 for the second quarter of 2022.
  • Our interest expense stabilized at $22,868,000 for the quarter compared to $41,854,000 for the six month period ending June 30, 2023.

Adjournment of Lone Star Bank Special Meeting of Shareholders Until July 11, 2023

Retrieved on: 
Wednesday, June 7, 2023
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Lone Star is announcing that the Special Meeting will be convened and immediately adjourned, without any business being conducted.

Key Points: 
  • Lone Star is announcing that the Special Meeting will be convened and immediately adjourned, without any business being conducted.
  • The record date will remain April 19, 2023, and Lone Star shareholders of record as of the record date will continue to be entitled to vote at the Reconvened Special Meeting.
  • Lone Star shareholders of record on the record date may attend the Reconvened Special Meeting, including to vote and/or submit questions during the Reconvened Special Meeting.
  • Lone Star shareholders who have previously cast their votes do not need to vote again; however, Lone Star shareholders who have previously cast their votes but wish to change their votes may vote again by submitting another proxy card to Lone Star or by attending and voting at the Reconvened Special Meeting.

First Guaranty Bancshares, Inc. Announces Private Placement

Retrieved on: 
Wednesday, May 24, 2023
First Guaranty Bank, Sale, Growth, Bank

HAMMOND, La., May 24, 2023 (GLOBE NEWSWIRE) -- First Guaranty Bancshares, Inc. (“First Guaranty”) (NASDAQ: FGBI), the holding company for First Guaranty Bank, announced today that it has completed a private placement offering of $10 million through the sale of 714,286 shares of common stock at $14 per share.

Key Points: 
  • HAMMOND, La., May 24, 2023 (GLOBE NEWSWIRE) -- First Guaranty Bancshares, Inc. (“First Guaranty”) (NASDAQ: FGBI), the holding company for First Guaranty Bank, announced today that it has completed a private placement offering of $10 million through the sale of 714,286 shares of common stock at $14 per share.
  • This was accomplished by the unanimous participation of its Board of Directors and the Board of Directors of First Guaranty Bank, along with certain accredited investors within the banking organization.
  • The momentum grows as we make progress toward our goals of enhancing shareholder value and building a fortress balance sheet for First Guaranty Bancshares, Inc.,” said First Guaranty President and Chief Executive Officer, Alton B. Lewis.
  • First Guaranty expects to use the proceeds from the capital raise for general corporate purposes, including to support continued growth and to enhance regulatory capital ratios.

Churchill Mortgage Charts Path for Growth with Two Key Personnel Moves

Retrieved on: 
Friday, March 3, 2023
FHA, USDA, Culture, EVP, Housing, Acquisition, Workforce, Stearns Lending, First Guaranty Bank, Acqui-hiring, Winston Churchill, History, National Productivity Council, Vasquez, Real estate, United States Army, Pacific Northwest

NASHVILLE, Tenn., March 3, 2023 /PRNewswire/ -- Churchill Mortgage, an industry leader providing conventional, FHA, VA and USDA residential mortgages across 49 states and the District of Columbia, announced two key moves today, with Jesse Vazquez joining the company as Vice President of Talent Acquisition and Kelly Lee being elevated to Executive Vice President of National Production.

Key Points: 
  • "We are growing and refining our workforce despite recent cooling in the housing market, which is a testament to the strong foundation of our company," said Mike Hardwick, CEO of Churchill Mortgage.
  • With more than 20 years of experience in the mortgage industry, Kelly Lee originally joined the Churchill Mortgage team in June 2022 as Senior Vice President of Production for the Pacific Northwest region.
  • Prior to PrimeLending, Lee was Vice President of Sales and EVP for a regional mortgage company and is a U.S. Army veteran.
  • For more information on Churchill Mortgage, please visit ChurchillMortgage.com.

First Guaranty Reports Net Income of $28.9 Million for the Year 2022 and Fourth Quarter 2022 Net Income of $5.1 Million; Earnings Per Common Share Increased to $2.48 for the Year 2022 Compared to $2.42 for the Year 2021

Retrieved on: 
Tuesday, January 31, 2023
First Guaranty Bank, PPP, Growth, Federal Reserve, Federal, Bank

2022 marked another very successful year for First Guaranty Bancshares, Inc. Earnings increased for the fifth year consecutively.

Key Points: 
  • 2022 marked another very successful year for First Guaranty Bancshares, Inc. Earnings increased for the fifth year consecutively.
  • The loan portfolio increased to $2,519,077,000 from $2,159,359,000, an increase of 17% year over year.
  • Asset quality continued to improve as the Texas capital ratio dropped from 6.63% as of December 31, 2021 to 4.48% as of December 31, 2022.
  • The net earnings were limited by the increase in interest expense as the Federal Reserve raised rates to try to control inflation.

First Guaranty Bancshares, Inc. and Lone Star Bank: A Match Made in Bluebonnet Heaven

Retrieved on: 
Monday, January 9, 2023
Tripura Merger Agreement, Newsweek, First Guaranty Bank, Philosophy, Mergers and acquisitions, I-10, Acquisition, Lone Star, Management, Greater Houston, FGB

Founded over 16 years ago in Houston, Texas, Lone Star, like FGB, has become known for its stability and service.

Key Points: 
  • Founded over 16 years ago in Houston, Texas, Lone Star, like FGB, has become known for its stability and service.
  • With four branches spanning I-10 from the Greater Houston area to Columbus, Lone Star’s locations will increase FGB’s presence and growth opportunities in the Lone Star State.
  • The Merger Agreement was approved by the board of directors of each of First Guaranty, FGB, and Lone Star.
  • Performance Trust Capital Partners, LLC served as financial advisor and Hunton Andrews Kurth LLP served as legal advisor to Lone Star.