Guaranty Bancshares Inc Tex Stock Price, News & Analysis

Guaranty Bancshares (NASDAQ: GNTY) reported net income of $9.2 million or $0.76 per share for Q4 2021, a slight decline from $9.9 million in Q4 2020. Full-year earnings reached $39.8 million, up from $27.4 million in 2020. Core net earnings for Q4 were $10.1 million. The company's return on average assets was 1.20%, down from 1.48% in Q4 2020. Non-performing assets remained low at 0.09% of total assets. Loan growth, excluding PPP loans, increased by 10.8% year-over-year. Total assets reached $3.09 billion, and total deposits increased by 4.2% from the previous quarter.

Guaranty Bancshares, Inc. (NASDAQ: GNTY) will host a conference call on January 18, 2022, at 10:00 am CST, to discuss its fourth quarter and year-end 2021 financial results. The earnings press release will be issued on the same day at 6:00 am CST. The call will feature Chairman and CEO Ty Abston, CFO Cappy Payne, and CRO Shalene Jacobson. Registration is required and can be done via their website. As of September 31, 2021, GNTY reported total assets of $2.97 billion, total loans of $1.97 billion, and total deposits of $2.56 billion.

Guaranty Bancshares, Inc. (NASDAQ: GNTY) declared a quarterly cash dividend of $0.20 per share, payable on January 12, 2022, to stockholders of record as of December 27, 2021. The company, headquartered in Addison, Texas, operates through its subsidiary Guaranty Bank & Trust, providing a comprehensive suite of commercial and consumer banking services. As of September 30, 2021, GNTY reported total assets of $2.97 billion, total loans of $1.97 billion, and total deposits of $2.56 billion.

Guaranty Bancshares, under the ticker GNTY, announced a $500,000 Agreed Judgment against former senior officers Jeffrey Nutt and Erik Roddy. The Judgment mandates them to destroy Guaranty's confidential information. The lawsuit, initiated in 2020, accused the former officers of soliciting staff and misappropriating confidential data during their employment. Guaranty's CEO, Ty Abston, stated satisfaction with the Judgment, emphasizing the importance of legal and ethical behavior among officers for competitive integrity.

Guaranty Bancshares, Inc. (GNTY) reported a net income of $9.3 million or $0.77 per share for Q3 2021, down from $10.4 million ($0.87/share) in Q2 2021. Return on assets was 1.24%, and return on equity was 12.44%. The decrease in earnings was attributed to lower PPP fee income and higher expenses, despite a $700,000 provision reversal for credit losses. Notably, loan growth excluding PPP loans was 7.5% for the quarter. Non-performing assets remained low at 0.11% of total assets. Total deposits increased by 1.2%, totaling $2.56 billion.

Guaranty Bancshares, Inc. (NASDAQ: GNTY) will hold a conference call on October 18, 2021, at 10:00 am CDT to discuss its third quarter financial results. An earnings press release will be issued earlier that day at 6:00 am CDT. The call will feature executives including CEO Ty Abston and CFO Cappy Payne. Participants must register in advance. Recordings of the call will be available post-event through October 31, 2021. As of June 30, 2021, GNTY reported total assets of $2.93 billion, total loans of $1.89 billion, and total deposits of $2.53 billion.

Guaranty Bancshares, Inc. (NASDAQ: GNTY) announced a quarterly cash dividend of $0.20 per share, payable on October 13, 2021, to stockholders recorded as of the close of business on September 27, 2021. As of June 30, 2021, the company reported total assets of $2.93 billion, total loans of $1.89 billion, and total deposits of $2.53 billion.

Guaranty Bancshares, Inc. (NASDAQ: GNTY) is investing in JAM FINTOP Banktech, L.P., a fund aimed at enhancing technology adoption in community banks across the U.S. All 66 limited partners of the fund are community banks. The initiative will focus on fintech solutions in areas such as loan origination, digital payments, and cybersecurity. Guaranty will also join the fund's Community Banking advisory committee to engage with fintech firms and establish strategic goals. This investment enables Guaranty to leverage emerging technologies for better competitiveness.

Guaranty Bancshares, Inc. (NASDAQ: GNTY) announced a partnership with Caliber to enhance investments in Texas communities through real estate developments. Their collaboration aims to improve affordable housing in low and moderate-income neighborhoods under the Community Reinvestment Act. Guaranty is contributing $50 million, which will be managed by Caliber as part of its real estate investment strategy focusing on cities like Austin, Dallas, and Bryan/College Station.