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First Guaranty Bancshares, Inc. (NASDAQ:FGBI) announced Wednesday that its Audit Committee has accepted the resignation of Griffith, Delaney, Hillman & Lett, CPAs, PSC (GDHL) as the company’s independent registered public accounting firm.
According to an SEC filing, GDHL resigned on June 13, 2025. The company immediately appointed EisnerAmper, LLP as its new independent auditor for the fiscal year ending December 31, 2025.
The reports issued by GDHL on First Guaranty’s financial statements for the years ended December 31, 2024 and 2023 contained no adverse opinions or disclaimers, and were not qualified or modified regarding uncertainty, audit scope, or accounting principles.
First Guaranty confirmed there were no disagreements with GDHL on accounting principles, financial statement disclosure, or auditing procedures during the fiscal years 2024 and 2023, or the subsequent interim period through June 13, 2025. The company also stated there were no "reportable events" as defined by SEC regulations.
The Louisiana-based financial institution noted that during the years ended December 31, 2024 and 2023, and through March 31, 2025, neither the company nor anyone acting on its behalf consulted with EisnerAmper regarding accounting principles, audit opinions, or any matters subject to disagreement or reportable events.
First Guaranty has provided GDHL with a copy of its disclosures and requested a letter from GDHL addressed to the SEC confirming the accuracy of the company’s statements.
In other recent news, First Guaranty Bancshares, Inc. announced amendments to its loan terms with Smith & Tate Investment, L.L.C., allowing the company to waive principal payments for four consecutive quarters starting June 30, 2025. The amendments also offer the option to pay interest in cash or shares of common stock. Additionally, First Guaranty Bancshares declared a quarterly cash dividend of $0.01 per share on its common stock, marking the 128th consecutive dividend for shareholders on record as of June 23, 2025. The company also announced a quarterly cash dividend for its Series A Preferred Stock, amounting to $0.421875 per depositary share, payable to shareholders recorded by May 15, 2025.
At the recent annual shareholder meeting, First Guaranty Bancshares reported the election of eight directors and the approval of executive compensation and the appointment of Griffith, DeLaney, Hillman & Lett, CPAs, PSC as the independent registered public accounting firm for 2025. The company further expanded its board by electing Mr. Robert W. Walker, former President and CEO of Premier Financial Bancorp, Inc., as a new director. These developments reflect First Guaranty Bancshares’ ongoing efforts in financial management and leadership evolution.
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