Welcome to our dedicated page for Guaranty Bancshares Tex news (Ticker: GNTY), a resource for investors and traders seeking the latest updates and insights on Guaranty Bancshares Tex stock.
Guaranty Bancshares Inc (GNTY) maintains its position as a trusted Texas financial institution through conservative banking practices and relationship-focused services. This news hub provides investors and stakeholders with essential updates about the company's financial performance, strategic initiatives, and market position.
Access timely information including quarterly earnings reports, regulatory filings, leadership announcements, and service expansions. Our curated collection helps users track GNTY's commercial banking developments, wealth management innovations, and community engagement efforts while maintaining perspective on its 110-year operational history.
Key content categories include interest rate impacts on loan portfolios, trust service enhancements, and regulatory compliance updates. Bookmark this page for direct access to press releases about branch network expansions, digital banking improvements, and financial health indicators relevant to regional banking sector analysis.
Guaranty Bancshares, Inc. (GNTY) reported a net income of $8.3 million for Q1 2023, reflecting a 3.75% increase from Q4 2022 but a 22.2% decline from Q1 2022. Earnings per share rose to $0.69 from $0.67 in the previous quarter. Return on assets and equity were 1.01% and 11.18%, respectively. Noninterest income decreased by 24.3% year-over-year, primarily due to reduced gains from securities and a drop in loan sale profits. Total deposits reacted positively in March 2023, with an increase of $8.3 million, although the year-over-year total showed a decline of 6.2%.
Despite industry challenges, Guaranty Bancshares remains resilient, maintaining a solid balance sheet with robust risk management practices.
Guaranty Bancshares, Inc. (NYSE: GNTY) will host a conference call on April 17, 2023, at 10:00 a.m. CT to discuss its first quarter financial results. An earnings press release will be made available on the same day at 6:00 a.m. CT. The call will be led by key executives including CEO Ty Abston and CFO Cappy Payne. Attendees need to register via the company's website. Guaranty Bancshares operates 32 locations in Texas, with assets totaling $3.4 billion and deposits of $2.7 billion as of December 31, 2022. A recording of the call will be available post-event until April 30, 2023.
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