First Guaranty Bancshares, Inc 8-K, filed Jul 1, 2022
First Guaranty Bancshares, Inc. (FGBI)
8-K
2022-07-01
For: 2022-06-30
View Original
Added on
April 12, 2026
About this 8-K
First Guaranty Bancshares, Inc filed this 8-K on July 1, 2022, reporting on events of June 30, 2022.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 30, 2022
(Exact name of registrant as specified in its charter)
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Check the appropriate box if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities registered pursuant to Section 12(b) of the Act:
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Item 8.01 Other Events
On June 30, 2022, First Guaranty Bancshares, Inc. released a letter to Shareholders.
The letter is enclosed as Exhibit 99.1 to this report. The information in Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933.
Item 9.01 Financial Statements and Exhibits
Exhibit 99.1 Letter to Shareholders dated June 30, 2022.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| FIRST GUARANTY BANCSHARES, INC. | |||||||||||
| (Registrant) | |||||||||||
| Date: July 1, 2022 | |||||||||||
| By: | /s/Eric J. Dosch | ||||||||||
| Eric J. Dosch | |||||||||||
| Chief Financial Officer | |||||||||||
INDEX TO EXHIBITS
| Exhibit Number | Description | ||||
| First Guaranty Bancshares, Inc. Letter to Shareholders dated June 30, 2022 | |||||
EXHIBIT 99.1
June 30, 2022
First Guaranty Bancshares, Inc. Letter to Shareholders
Dear Shareholders,
Sustained Excellence. Sustained is the keyword there. Not a one-time affair. Not a flash in a pan, but sustained excellence.
This is what has been demonstrated by First Guaranty Bancshares, Inc. over the past 8 quarters. Earnings for the quarter ending June 30, 2022 should be, after payment of preferred dividends, approximately $7.3 million compared to, for the same period ending June 30, 2021, $6.2 million. Earnings for the quarter ending June 30, 2020 were $5.2 million. For the past two years, First Guaranty has consistently performed and improved its performance and has persistently provided more value to its shareholders.
This performance should continue going forward as the loan portfolio and the loan pipeline remains strong with loans reaching approximately $2.3 billion as of June 30, 2022. Interest expense continues to be controlled. Noninterest expense continues to be controlled. First Guaranty Bancshares, Inc. is committed to delivering increased value to shareholders while at the same time serving our communities and taking care of our employees.
Total assets should end June 30, 2022, at almost $3 billion. But, it is not just getting bigger. It is getting bigger and better. Our Mideast region has made a strong contribution to loan volume and profitability. The entire system continues to grow and be more profitable.
Sincerely,
Alton B. Lewis
President/CEO
This letter contains forward-looking statements within the meaning of the U.S. federal securities laws. Forward-looking statements are any statements other than statements of historical fact which represent our current judgement about possible future events. We believe these judgements are reasonable, but these statements are not guarantees of any future events or financial results, and our actual results may differ materially due to a variety of factors, many of which are described in our most recent Annual Report on Form 10-K and our other filings with the U.S. Securities and Exchange Commission. We caution readers not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update or otherwise revise any forward-looking statements.