Welcome to our dedicated page for Guaranty Fed Bc news (Ticker: GFED), a resource for investors and traders seeking the latest updates and insights on Guaranty Fed Bc stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Guaranty Fed Bc's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Guaranty Fed Bc's position in the market.
Guaranty Federal Bancshares, Inc. (NASDAQ:GFED) declared a dividend of $0.15 per common share for Q1 2021. The dividend will be distributed on April 15, 2021 to stockholders of record on April 5, 2021. The Company operates Guaranty Bank, which offers full banking services in Missouri, including 16 branches and a Loan Production Office. Customers benefit from being part of the MoneyPass ATM network, providing access to over 32,000 ATMs nationwide.
Guaranty Federal Bancshares reported its 2020 financial results amid significant challenges from the COVID-19 pandemic. The company achieved a 13% growth in total assets, reaching $1.1 billion, and a 14% increase in deposits, totaling $951.7 million. However, net income fell to $6.8 million or $1.57 per share, down from $9.4 million in 2019. The decline was attributed to $3.6 million in additional loan loss reserves. Despite this, the company maintained a strong capital position and paid out dividends that grew 11%.
Guaranty Federal Bancshares, Inc. (NASDAQ:GFED) announced a quarterly dividend of $0.15 per share for Q4 ending December 31, 2020. This dividend will be paid on January 15, 2021, to stockholders of record on January 5, 2021. The company operates Guaranty Bank, which has 16 branches across several counties in Missouri, and provides access to over 32,000 ATMs nationwide.
Guaranty Federal Bancshares reported a net income of $1.9 million for Q3 2020, resulting in diluted earnings per share of $0.44, down from $0.57 a year ago. Key developments included issuing $20 million in subordinated debt to bolster capital, and growing deposits by over $105 million. However, interest income fell 14% due to declining rates and a shift towards cash and investments. Non-interest income rose 69% year-over-year, primarily from mortgage loan sales. The allowance for loan losses increased to 1.23% of gross loans, reflecting ongoing pandemic-related challenges.
Guaranty Federal Bancshares, Inc. (NASDAQ:GFED) has announced a dividend of $0.15 per share for Q3 2020, payable on October 16, 2020, to stockholders of record as of October 6, 2020. The company operates Guaranty Bank, which offers full banking services across 16 branches in Missouri. This dividend reflects the company’s ongoing commitment to return value to its shareholders amidst a challenging economic environment.
Guaranty Federal Bancshares, Inc. (NASDAQ: GFED) has declared a dividend of $.15 per common share for Q2 2020, payable on July 17, 2020 to stockholders of record on July 7, 2020. The company, based in Springfield, Missouri, operates the Guaranty Bank and offers full banking services through its 16 branches in several counties. The bank is also part of the MoneyPass ATM network, providing customers with access to over 32,000 ATMs nationally.