Guaranty Bancshares Inc Tex Stock Price, News & Analysis

Guaranty Bancshares, Inc. (NASDAQ: GNTY) announced the retirement of William D. Priefert from its board of directors, effective July 20, 2022. Priefert has been a director for 20 years at the Company and 39 years at Guaranty Bank & Trust, contributing significantly to its growth. His departure was amicable, with no disagreements reported. 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.

Guaranty Bancshares, Inc. (NASDAQ: GNTY) reported a net income of $10.8 million, or $0.90 per share, for the quarter ending June 30, 2022, reflecting a slight increase from $10.7 million in Q1 2022. The company's net core earnings rose to $12.8 million from $10.9 million in the previous quarter, driven by improved net interest margins. Total loans grew 6.2% during the quarter, though non-interest income fell slightly. Non-performing assets rose to 0.30% of total assets, with a conservative credit approach maintained despite inflation pressures and a potential economic downturn.

Guaranty Bancshares, Inc. (NASDAQ: GNTY) will host a conference call on July 18, 2022, at 10:00 am CDT to discuss its second quarter 2022 financial results. The earnings press release will be released earlier that day at 6:00 am CDT. Key executives, including CEO Ty Abston and CFO Cappy Payne, will host the call. Participants must register beforehand at www.gnty.com/earningscall. A recording of the call will be available after 1:00 pm CDT and until July 31, 2022.

Guaranty Bancshares, Inc. (NASDAQ: GNTY) announced the promotion of Shalene Jacobson to Executive Vice President and Chief Financial Officer, succeeding Cappy Payne, who will remain Senior Executive Vice President and CFO. This transition is part of a succession plan as Payne approaches retirement. Jacobson, previously Chief Risk Officer, brings extensive experience in finance and risk management, having worked closely with Payne since joining in 2016. With substantial assets and a solid banking footprint across Texas, Guaranty Bancshares aims to ensure continuity and growth in its leadership.

Guaranty Bancshares, Inc. (NASDAQ: GNTY) has declared a quarterly cash dividend of $0.22 per share, to be paid on July 13, 2022. This dividend is for stockholders on record as of June 27, 2022. As of March 31, 2022, the company reported total assets of $3.19 billion, total loans of $2.01 billion, and total deposits of $2.80 billion. Guaranty Bancshares operates 32 locations across Texas, focusing on relationship-driven banking services.

On April 20, 2022, Guaranty Bancshares, Inc. (NASDAQ: GNTY) announced a new Stock Repurchase Plan to buy back up to 1,000,000 shares of its common stock. Effective from April 21, 2022, until April 21, 2024, this program aims to optimize capital usage based on market conditions and the company's intrinsic value. CEO Ty Abston expressed confidence in this strategy. The buybacks will follow SEC regulations and will depend on several factors, including market conditions and liquidity, with no guarantees of share repurchase.

Guaranty Bancshares reported a net income of $10.7 million, or $0.89 per share, for Q1 2022, a rise from $9.2 million in Q4 2021 but below $11.0 million in Q1 2021. The return on average assets was 1.38% and average equity 14.45%. The bank experienced significant loan growth of 8.6% (excluding PPP loans), while maintaining low non-performing assets at 0.08% of total assets. Despite positive trends, concerns remain over inflation and rising interest rates, prompting cautious optimism about future economic conditions.

Guaranty Bancshares, Inc. (NASDAQ: GNTY) will hold a conference call on April 18, 2022, at 10:00 am CDT to discuss Q1 2022 financial results. An earnings press release will precede this at 6:00 am CDT on the same day. The call will be hosted by CEO Ty Abston, CFO Cappy Payne, and CRO Shalene Jacobson. Registration for the call is required and can be found on their Investor Relations page. A recording will be available post-call until April 30, 2022.

Guaranty Bancshares, Inc. (NASDAQ: GNTY) has partnered with Unqork to enhance its digital banking capabilities. The collaboration aims to accelerate application development, improve user experience, and drive operational efficiencies through a no-code platform. Initial projects will focus on transforming treasury solutions for customers and streamlining internal processes. By leveraging Unqork's platform, Guaranty seeks to respond rapidly to market demands while minimizing development costs. The partnership represents a significant move towards digital transformation in the banking sector.