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Guaranty Bancshares Inc (GNTY)
NYSE:GNTY
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Earnings Data
Report Date
Jan 21, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.7Last Year’s EPS
0.58Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2018
|% Change Since: 17.95%
|Next Earnings Date:Jul 24, 2018
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook for Guaranty Bancshares. The company reported strong financial performance with increased net income and improved key performance metrics. Effective management of noninterest income and expenses was highlighted, along with low levels of nonperforming assets and charge-offs. Despite a decrease in total assets and an increase in unrealized losses, the company's strong deposit growth, loan origination, and plans for aggressive stock buybacks contribute to a positive sentiment.Company Guidance
During the fourth quarter of 2024 earnings call for Guaranty Bancshares, the company reported robust financial metrics and provided optimistic guidance for 2025. The company ended the year with total assets down by $69 million primarily due to a reduction in the loan portfolio by $191 million, although deposits increased by $59 million. Guaranty Bancshares plans to leverage its strong liquidity and capital positions to support organic growth, particularly in its Texas markets, and possibly engage in aggressive stock repurchases. The net interest margin improved significantly to 3.54%, up from 3.3% in the prior quarter, and is expected to continue expanding. The company also reported a return on average assets of 1.2% and a return on average equity of 12.68% for the fourth quarter. Additionally, the firm plans to maintain its focus on core deposit growth, with noninterest-bearing deposits making up 31.1% of the total. The efficiency ratio improved to 62.23% due to higher income and lower expenses, and the expectation is for only a modest 1-2% increase in expenses for the upcoming year. Overall, Guaranty Bancshares remains well-positioned with low nonperforming assets and plans to capitalize on its market presence and strong financial foundation to drive further shareholder value.Strong Financial Performance
Net income for the fourth quarter was $10 million, or $0.88 per basic share, up from $0.65 in the previous quarter and $0.51 in the fourth quarter of 2023. Total net income for the year was $31.5 million, or $2.75 per basic share.
Improvement in Key Performance Metrics
Return on average assets was 1.2% for the quarter compared to 0.96% in the prior quarter. Return on average equity was 12.68% for the quarter compared to 9.58% at the end of Q3. Net interest margin increased to 3.54% in Q4 from 3.3% in Q3.
Effective Management of Noninterest Income and Expenses
Noninterest income increased by $572,000 in Q4, largely due to a gain on sale of $467,000. Noninterest expense decreased by $798,000 in Q4.
Low Nonperforming Assets and Charge-offs
Nonperforming assets were 0.16% at year-end, improved from 0.66% at the end of Q3. Net charge-offs were very low at 0.02% for the year.
Loan and Deposit Growth
Total deposits grew by $23.3 million in Q4. For the year, total deposits increased by $59.9 million. Originated $103.1 million in new loans in Q4.
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GNTY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GNTY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 21, 2025 | $35.32 | $38.76 | +9.74% |
| Oct 21, 2024 | $34.50 | $32.30 | -6.38% |
| Jul 15, 2024 | $32.28 | $31.67 | -1.89% |
| Apr 15, 2024 | $28.24 | $28.15 | -0.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Guaranty Bancshares Inc (GNTY) report earnings?
Guaranty Bancshares Inc (GNTY) is schdueled to report earning on Jan 21, 2025, TBA Not Confirmed.
What is Guaranty Bancshares Inc (GNTY) earnings time?
Guaranty Bancshares Inc (GNTY) earnings time is at Jan 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GNTY EPS forecast?
GNTY EPS forecast for the fiscal quarter 2025 (Q1) is 0.7.
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