Welcome to our dedicated page for Guaranty Bancshares news (Ticker: GNTY), a resource for investors and traders seeking the latest updates and insights on Guaranty Bancshares stock.
Guaranty Bancshares, Inc. (GNTY) is a prominent bank holding company with a rich history dating back to January 13, 1913. Operating primarily through its wholly-owned subsidiary, Guaranty Bank & Trust, the company has established itself as a cornerstone of financial stability and community service in Texas.
Core Business: Guaranty Bancshares provides a comprehensive suite of banking products and services tailored for commercial and consumer clients. These offerings include traditional banking services such as checking and savings accounts, alongside advanced financial solutions like personal loans, credit cards, and treasury management.
Specialized Services: The company also excels in offering mortgage, trust, and wealth management services, catering to the specific needs of small and medium-sized businesses, professionals, and individuals. This diverse range of services ensures a holistic approach to financial management for its clients.
Revenue Streams: Guaranty Bancshares generates revenue through multiple channels, including interest on loans and investments, various customer service and loan fees, and fees associated with the sale of mortgage loans. Additionally, the company benefits from its trust and wealth management services, adding another layer of financial robustness.
Recent Achievements: Over the years, Guaranty Bank & Trust has prospered by continually adapting to meet the evolving financial needs of the communities it serves. Known for its conservative approach and high-quality leadership, the company has maintained a reputation for sound financial practices.
Current Projects: Guaranty Bancshares is consistently involved in initiatives aimed at improving customer experience and expanding its service offerings. The bank’s commitment to leveraging technology to enhance service delivery and operational efficiency remains a focal point.
For the latest updates and news about Guaranty Bancshares, Inc., please refer to the news section below:
- ---
- ---
- ---
- ---
Guaranty Bancshares, Inc. reported financial results for Q3 2024. Key highlights include:
- Net income of $7.4 million, or $0.65 per basic share
- Return on average assets of 0.96% and return on average equity of 9.58%
- Net interest margin improved to 3.33%, up 31 basis points year-over-year
- Total deposits increased by $42.8 million to $2.67 billion
- Nonperforming assets were 0.66% of total assets
- Repurchased 59,996 shares at an average price of $30.65
- Total equity increased to $319.3 million
The company reported stable earnings and improved net interest margin, while maintaining solid capital and liquidity positions. Credit quality remained strong with low past-dues and charge-offs.
Guaranty Bancshares, Inc. (NYSE: GNTY), the parent company of Guaranty Bank & Trust, N.A., has announced its schedule for the third quarter 2024 earnings release and conference call. The earnings press release will be issued on Monday, October 21, 2024, at 6:00 a.m. CT, followed by a conference call at 10:00 a.m. CT on the same day.
The call will be hosted by Ty Abston, Chairman of the Board and CEO, and Shalene Jacobson, EVP and CFO. Attendees must register in advance at www.gnty.com/earningscall. Conference materials will be available on the company's Investor Relations webpage. A recording of the call will be accessible by 1:00 p.m. CT on the day of the call and will remain available through October 31, 2024.
Guaranty Bancshares, Inc. (NYSE: GNTY), the parent company of Guaranty Bank & Trust, N.A., has announced a quarterly cash dividend of $0.24 per share of common stock. The dividend is set to be paid on October 9, 2024, to stockholders of record as of the close of business on September 30, 2024. This decision was made by the company's Board of Directors, demonstrating their commitment to providing regular returns to shareholders. The announcement reflects GNTY's financial stability and confidence in its ongoing performance.
Guaranty Bancshares (NYSE: GNTY) reported Q2 2024 financial results. Net income for common shareholders was $7.4 million, or $0.65 per share, up from $6.7 million or $0.58 per share in Q1 2024, but down from $9.6 million or $0.82 per share in Q2 2023. Return on average assets and equity were 0.95% and 9.91%, respectively. Net interest margin improved to 3.26% from 3.16% in Q1 2024.
The company saw a reverse provision for credit losses of $1.2 million. However, noninterest income decreased by $3.3 million YoY due to a one-time gain in 2023 and a $900,000 valuation allowance. Nonperforming assets increased to 0.71% of total assets.
Total deposits were stable, slightly decreasing by $1.7 million. Total assets decreased to $3.08 billion. The efficiency ratio was 72.34%. The bank repurchased 138,427 shares at an average price of $29.56 per share.
Guaranty Bancshares (NYSE: GNTY) has announced its second quarter 2024 earnings release and conference call schedule. The financial results will be disclosed on Monday, July 15, 2024, at 6:00 a.m. CT, followed by a conference call at 10:00 a.m. CT hosted by Chairman and CEO Ty Abston, and EVP and CFO Shalene Jacobson. Interested parties can register for the call at www.gnty.com/earningscall, where related materials will also be available. A recording of the call will be accessible from 1:00 p.m. CT on July 15 through July 31, 2024, via the company's Investor Relations page.
Guaranty Bancshares, the parent company of Guaranty Bank & Trust, announced a quarterly cash dividend of $0.24 per share.
Shareholders of record by June 24, 2024, will receive payments on July 10, 2024.
FAQ
What is the current stock price of Guaranty Bancshares (GNTY)?
What is the market cap of Guaranty Bancshares (GNTY)?
What services does Guaranty Bancshares, Inc. offer?
How does Guaranty Bancshares generate its revenue?
When was Guaranty Bank & Trust founded?
What is the significance of Guaranty Bancshares in its community?
What are the latest updates from Guaranty Bancshares?
What kind of banking services are available for businesses?
Does Guaranty Bancshares offer credit cards?
What is the role of technology in Guaranty Bancshares’ operations?
What makes Guaranty Bancshares stand out from other banks?
Who benefits from Guaranty Bancshares’ wealth management services?
