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First Guaranty Bancshares, Inc. 8-K Filing Report: Key Insights on Equity Structure

$FGBI
Form 8-K
Filed on: 2024-12-17
Source
First Guaranty Bancshares, Inc. 8-K Filing Report: Key Insights on Equity Structure

Based on the provided section of the financial report, here are the key extracted pieces of information and insights:

  1. Entity Information:
  • Company: First Guaranty Bancshares, Inc.
  • CIK: 0001408534
  • Stock Exchange: NASDAQ
  • Address: 400 East Thomas Street, Hammond, LA 70401
  • Contact Number: (985) 345-7685
  1. Report Type:
  • The document is an 8-K filing, which is typically used to report major events that shareholders should know about.
  1. Report Date:
  • The report is dated December 16, 2024.
  1. Stock Details:
  • Common Stock:
    • Par Value: $1
    • Ticker Symbol: FGBI
  • Preferred Stock:
    • Type: 6.75% Series A Fixed-Rate Non-Cumulative perpetual preferred stock
    • Ticker Symbol: FGBIP
    • Structure: Each depositary share represents a 1/40th interest in a share of the preferred stock.
  1. Filing Context:
  • The context indicates that the report is related to Common Stock and Noncumulative Preferred Stock, suggesting a possible focus on the company's equity structure or a significant event affecting these securities.
  1. Regulatory References:
  • The filing adheres to the XBRL (eXtensible Business Reporting Language) format, which is used for financial reporting and enhances the transparency and usability of the data reported to the SEC.

Insights:

  • The presence of preferred stock with a fixed rate indicates a strategy to attract income-focused investors, particularly in a low-interest-rate environment.
  • The preferred stock being non-cumulative suggests that if dividends are not paid, they are not owed in the future, which may appeal to certain investors but could be viewed as a risk by others.
  • The filing of an 8-K indicates that this information is timely and potentially significant for investors, implying that there might have been recent developments affecting the company's financial status or operations that warrant disclosure.

This analysis provides a snapshot of First Guaranty Bancshares, Inc.'s stock structure and relevant corporate information as of December 16, 2024.