Guaranty Fed Bc - GFED STOCK NEWS

Guaranty Federal Bancshares, Inc. (NASDAQ: GFED) held a stockholder meeting on March 21, 2022, to vote on the proposed merger with QCR Holdings, Inc. Stockholders overwhelmingly approved the merger agreement, with 2,529,120 votes For and 70,550 votes Against. Additionally, they approved an advisory vote on executive compensation related to the merger, with 1,915,511 votes For. GFED reminded stockholders of the election deadline for merger consideration, set for March 25, 2022, at 5:00 p.m. Central Time, which may be extended. Shareholders are encouraged to contact D.F. King & Co., Inc. for questions regarding the election process.

Guaranty Federal Bancshares reported a net income of $2.5 million for Q4 2021, equating to $0.57 per diluted share. Excluding merger costs, earnings would have been $3.0 million and $0.68 per share. The Company announced a merger with QCR Holdings, expected to finalize in Q2 2022, enhancing product offerings and operational efficiency. Key highlights include a 4% increase in gross loans, a decline in non-performing assets by 7% to $9.8 million, and a net interest margin of 3.18%. The tangible common equity ratio rose to 8.08%, showing strong capital levels.

Guaranty Federal Bancshares, Inc. (NASDAQ:GFED) announced a $0.15 dividend per common share for the fourth quarter ending December 31, 2021. The dividend is payable on January 21, 2022, to stockholders of record as of January 11, 2022. Guaranty Bank operates 16 branches and offers comprehensive banking services. The company emphasizes its commitment to providing value to shareholders while addressing various economic factors that could impact its financial performance.

On November 9, 2021, QCR Holdings announced its acquisition of Guaranty Federal Bancshares (GFED) in a deal valued at approximately $152 million. The merger will integrate Guaranty Bank into QCR's Springfield First Community Bank, expanding their market share to #4 in Springfield with $1.4 billion in deposits. QCR expects the merger to be accretive to earnings per share by around 13% in the first full year and will enhance product offerings and growth opportunities. The transaction requires regulatory approvals and is anticipated to close in early 2022.

Guaranty Federal Bancshares reported a third-quarter net income of $3.4 million, up from $1.9 million year-over-year, and earnings per share of $0.78, compared to $0.44 in Q3 2020. The net interest margin expanded to 3.30%, driven by growth in loans and reduced interest expenses, including the repayment of $50 million in liabilities. Non-performing assets decreased by 6% to $10.6 million, reflecting improved asset quality. The company maintains strong capital ratios and declared its 30th consecutive quarterly dividend, projecting a strong finish for 2021 and positive outlook for 2022.

Guaranty Federal Bancshares (NASDAQ:GFED) declared a quarterly dividend of $0.15 per share for Q3 ending September 30, 2021. This dividend will be paid on October 22, 2021, to stockholders on record by October 12, 2021.

The company operates Guaranty Bank, which has 16 branches in Missouri and offers full banking services, including surcharge-free access to over 37,000 ATMs nationwide.

Guaranty Federal Bancshares, Inc. (GFED) reported strong earnings and loan growth for Q2 2021, with net income increasing to $2.5 million, a 35% rise from Q2 2020. Diluted earnings per share reached $0.58, up from $0.43 last year. Total gross loans saw a 7% increase, and non-performing assets fell by 40% to $11.2 million. The bank's net interest margin improved to 2.94%, benefiting from lower interest expenses after redeeming $5.2 million in high-rate debentures. GFED shares rose 26% in Q2 2021, reflecting positive market sentiment.

Guaranty Federal Bancshares, Inc. (NASDAQ:GFED) has declared a second-quarter dividend of $0.15 per common share, payable on July 16, 2021, to shareholders on record as of July 6, 2021. The company operates through its principal subsidiary, Guaranty Bank, which serves customers across several counties in Missouri and offers full banking services. With 16 branches and surcharge-free ATM access nationwide, Guaranty Bank remains committed to providing value to its customers and shareholders.

Guaranty Federal Bancshares reported a net income of $2.2 million for Q1 2021, representing a 4% increase year-over-year, with diluted EPS at $0.51. Total deposits rose by $84.5 million (9%), driven by stimulus fund inflows. The bank's capital ratios remain above regulatory requirements, and there was a 30% rise in share price from the previous year. However, the company increased its loan loss reserves by $400,000 amid potential borrower stress. The net interest margin compressed to 2.84%, reflecting competitive loan pricing.