---
schema_version: "secwatch.filing_event.v1"
accession: "0001408534-24-000079"
form_type: "8-K"
ticker: "FGBI"
cik: "0001408534"
company_name: "First Guaranty Bancshares, Inc."
filed_at: "2024-09-30T23:59:59+00:00"
generated_at: "2026-05-31T00:30:57.721441+00:00"
event_type: "dividend"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# First Guaranty cuts Q3 dividend to $0.08 from $0.16; cites strategy shift for capital accretion

## Summary
- Dividend cut from $0.16 to $0.08 per share for Q3 2024; expected to add $1.0M in capital accretion.
- New business strategy announced July 23: slow asset growth, increase automation, leaner staff, boost capital.
- Management anticipates improvement in risk-based capital ratios for end of Q3 2024.
- Board approved the lower dividend to strengthen capital position.

## SEC filing metadata
- accession: 0001408534-24-000079
- form_type: 8-K
- ticker: FGBI
- cik: 0001408534
- company_name: First Guaranty Bancshares, Inc.
- filed_at: 2024-09-30T23:59:59+00:00
- event_type: dividend
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1408534/000140853424000079/0001408534-24-000079-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1408534/000140853424000079/fgbi-20240930.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001408534-24-000079
- JSON: https://secwatch.observer/filing/0001408534-24-000079.json
- Plain text: https://secwatch.observer/filing/0001408534-24-000079.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.