Guaranty Bancshares Inc Tex Stock Price, News & Analysis

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.

Guaranty Bancshares, Inc. (GNTY) reported net income of $10.4 million, or $0.87 per share, for Q2 2021, down from $11.0 million in Q1 2021. Return on average assets was 1.42% while average equity return stood at 14.64%. The decline in earnings stemmed from reduced origination fee income from Paycheck Protection Program loans. However, non-performing assets remained low at 0.13%. Total assets increased to $2.93 billion, with total deposits rising to $2.53 billion, a 2.3% increase. Although facing net interest margin challenges, management remains optimistic about loan demand recovery.

Guaranty Bancshares, Inc. (NASDAQ: GNTY) will hold a conference call on July 19, 2021 at 10:00 am CDT to discuss its second quarter financial results. The earnings press release will be available earlier that day at 6:00 am CDT. The call will feature executives including Ty Abston, CEO, and Cappy Payne, CFO. Registration is required for participants, and materials will be accessible via the investor relations page. A recording of the call will be available from 1:00 pm CDT on the same day until July 30, 2021.

Guaranty Bancshares, Inc. (NASDAQ: GNTY) declared a quarterly cash dividend of $0.20 per share, payable on July 14, 2021, to stockholders of record by June 28, 2021. The bank holding company, which operates Guaranty Bank & Trust, reported total assets of $2.9 billion, total loans of $1.9 billion, and total deposits of $2.5 billion as of March 31, 2021. Established in Texas, Guaranty Bank & Trust offers diverse banking services through its 31 locations across multiple regions.

Guaranty Bancshares, Inc. (NASDAQ: GNTY) has appointed Joel Johnson as its Chief Digital Officer. Johnson will enhance the bank's digital product offerings, focusing on user experience in digital and mobile banking. He aims to meet both consumer and business needs, exploring potential cryptocurrency and digital wallet services. With over 20 years of experience in digital strategy, Johnson previously led digital initiatives at UT Southwestern Medical Center. Guaranty Bancshares operates through Guaranty Bank & Trust, with total assets of $2.9 billion as of March 31, 2021.

Guaranty Bancshares, Inc. (NASDAQ: GNTY) reported net income of $11.0 million ($0.95 per share) for Q1 2021, up from $9.9 million in Q4 2020 and $6.3 million in Q1 2020. Key metrics included a return on assets of 1.60% and return on equity of 16.01%, showing robust growth compared to previous quarters. The increase was primarily driven by the forgiveness of PPP loans, decreased interest expenses, and improved asset quality. The bank issued a 10% stock dividend and a cash dividend of $0.20/share, marking a 12% increase from last year.

Guaranty Bancshares, Inc. (NASDAQ: GNTY) will hold a conference call on April 19, 2021, at 10:00 am CST to discuss its first quarter 2021 financial results. The earnings press release will be issued the same day at 7:00 am CST. The call will feature CEO Ty Abston, CFO Cappy Payne, and CRO Shalene Jacobson. Participants must register beforehand. The conference materials will be available on their Investor Relations website, and a recording will be accessible by 1:00 pm CST on the same day, remaining available until April 30, 2021.

Guaranty Bancshares, Inc. (NASDAQ: GNTY) has declared a quarterly cash dividend of $0.20 per share, payable on April 14, 2021. Stockholders recorded as of the close of business on March 29, 2021 will receive this dividend. Guaranty Bancshares operates through its subsidiary, Guaranty Bank & Trust, providing a range of banking services across 31 locations in Texas. As of December 31, 2020, the company reported total assets of $2.7 billion, total loans of $1.9 billion, and total deposits of $2.3 billion.