Guaranty Bancshares Inc Tex Stock Price, News & Analysis

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.

Guaranty Bancshares, Inc. (NASDAQ: GNTY) has appointed Eddie Priefert to the Board of Directors of Guaranty Bank & Trust. Priefert, who is the President of Priefert Mfg. Co., brings significant experience from one of the largest manufacturers of rodeo and ranch equipment. Chairman Ty Abston expressed confidence in Priefert’s strategic thinking and local economic influence. 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) 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.