Guaranty Bancshares Inc Tex Stock Price, News & Analysis

Guaranty Bancshares, Inc. (NASDAQ: GNTY) announced the transfer of its voting common stock listing from Nasdaq to the New York Stock Exchange (NYSE), effective March 7, 2023. The transfer aims to enhance visibility and market presence, allowing the company to leverage the NYSE platform. Guaranty Bancshares operates Guaranty Bank & Trust, with a strong footprint in Texas, boasting total assets of $3.4 billion, total loans of $2.4 billion, and total deposits of $2.7 billion as of December 31, 2022. CEO Ty Abston expressed enthusiasm for joining the NYSE, aligning the company with prestigious peers, while NYSE Vice Chair John Tuttle welcomed them for their customer-centric approach.

Guaranty Bancshares, Inc. (NASDAQ:GNTY) has announced a $1 million equity investment in the Austin Housing Conservancy Fund, aimed at enhancing workforce affordable rental housing in Central Texas. The fund, managed by Affordable Central Texas, focuses on multi-family properties for individuals in critical professions. Currently, it owns seven properties with 1,740 units targeted for those earning below 80% of local median income. The initiative aligns with the bank's community reinvestment goals and seeks to preserve over 10,000 rental units over the next decade.

Guaranty Bancshares, Inc. (GNTY) reported fourth-quarter 2022 net income of $8 million ($0.67 per share), a decline from $10.9 million ($0.92 per share) in Q3 2022 and $9.2 million ($0.76 per share) in Q4 2021. A $2.8 million provision for credit losses, up from $600k in Q3 2022, impacted earnings, reflecting economic recession forecasts. Despite this, total net income for 2022 reached $40.4 million, up from $39.8 million in 2021. Loans increased by $112.1 million in Q4 and $470.1 million for the year, while deposits fell by $109.4 million in Q4 but grew $10.3 million year-over-year. The efficiency ratio improved to 62.42% from 63.13% a year ago.

Guaranty Bancshares (NASDAQ: GNTY) has scheduled a conference call on January 17, 2023, at 10:00 am CST to discuss its fourth quarter and year-end 2022 financial results. The earnings press release will be issued the same day at 6:00 am CST. The call will feature executives including Ty Abston, CEO, and Cappy Payne, CFO. Conference attendees must register online, and a recording will be available post-call until January 31, 2023. As of September 30, 2022, GNTY had total assets of $3.29 billion, total loans of $2.27 billion, and total deposits of $2.79 billion.

The Board of Directors of Guaranty Bancshares (NASDAQ: GNTY) has declared a quarterly cash dividend of $0.22 per share, scheduled for payment on January 11, 2023. Stockholders on record as of December 31, 2022 will be eligible. As of September 30, 2022, the company reported total assets of $3.39 billion, total loans of $2.27 billion, and total deposits of $2.79 billion. Guaranty Bancshares operates 32 banking locations across key regions in Texas.

Guaranty Bancshares, Inc. (NASDAQ: GNTY) has announced the appointment of Sondra Cunningham to its Board of Directors. Cunningham, who has over 40 years of experience in the banking sector, has served as Senior Vice President and Chief Culture Officer at Guaranty Bank & Trust for the past eight years. Her new role emphasizes maintaining the company culture as it grows. As of September 30, 2022, Guaranty Bancshares had total assets of $3.39 billion, total loans of $2.27 billion, and total deposits of $2.79 billion.

Guaranty Bancshares reported a net income of $10.9 million for Q3 2022, equating to $0.92 per basic share, a slight increase from $10.8 million in Q2 2022. The return on average assets was 1.30%, while the return on average equity stood at 14.87%. Loan growth was strong, showing a 6.8% increase, with total deposits rising by $10.9 million. However, a provision for credit losses of $600,000 was recorded. The bank anticipates slower loan growth in Q4 2022 due to rising interest rates and economic uncertainties. Nonperforming assets were low at 0.28% of total assets.

Guaranty Bancshares, Inc. (NASDAQ: GNTY) will host a conference call on October 17, 2022, at 10:00 am CDT to discuss its third quarter 2022 financial results. The earnings press release will be issued the same day at 6:00 am CDT. Key executives, including CEO Ty Abston and CFO Cappy Payne, will lead the call. Interested attendees must register via the company's website. Guaranty Bancshares operates 32 banking locations in Texas and reported total assets of $3.28 billion, total loans of $2.14 billion, and total deposits of $2.78 billion as of June 30, 2022.

The Board of Directors of Guaranty Bancshares (NASDAQ: GNTY) has declared a quarterly cash dividend of $0.22 per share, scheduled for payment on October 12, 2022. Shareholders on record as of the close of business on October 1, 2022 will receive this dividend. As of June 30, 2022, Guaranty Bancshares reported total assets of $3.28 billion, total loans of $2.14 billion, and total deposits of $2.78 billion. The company has operations in 32 locations across Texas.