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:
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Guaranty Bancshares reported a net income of $10.9 million for Q3 2022, equating to $0.92 per basic share, a slight increase from $10.8 million in Q2 2022. The return on average assets was 1.30%, while the return on average equity stood at 14.87%. Loan growth was strong, showing a 6.8% increase, with total deposits rising by $10.9 million. However, a provision for credit losses of $600,000 was recorded. The bank anticipates slower loan growth in Q4 2022 due to rising interest rates and economic uncertainties. Nonperforming assets were low at 0.28% of total assets.
Guaranty Bancshares, Inc. (NASDAQ: GNTY) will host a conference call on October 17, 2022, at 10:00 am CDT to discuss its third quarter 2022 financial results. The earnings press release will be issued the same day at 6:00 am CDT. Key executives, including CEO Ty Abston and CFO Cappy Payne, will lead the call. Interested attendees must register via the company's website. Guaranty Bancshares operates 32 banking locations in Texas and reported total assets of $3.28 billion, total loans of $2.14 billion, and total deposits of $2.78 billion as of June 30, 2022.
The Board of Directors of Guaranty Bancshares (NASDAQ: GNTY) has declared a quarterly cash dividend of $0.22 per share, scheduled for payment on October 12, 2022. Shareholders on record as of the close of business on October 1, 2022 will receive this dividend. As of June 30, 2022, Guaranty Bancshares reported total assets of $3.28 billion, total loans of $2.14 billion, and total deposits of $2.78 billion. The company has operations in 32 locations across Texas.
Guaranty Bancshares, Inc. (NASDAQ: GNTY) has appointed Eddie Priefert to the Board of Directors of Guaranty Bank & Trust. Priefert, who is the President of Priefert Mfg. Co., brings significant experience from one of the largest manufacturers of rodeo and ranch equipment. Chairman Ty Abston expressed confidence in Priefert’s strategic thinking and local economic influence. As of June 30, 2022, Guaranty Bancshares reported total assets of $3.28 billion, total loans of $2.14 billion, and total deposits of $2.78 billion.
Guaranty Bancshares, Inc. (NASDAQ: GNTY) announced the retirement of William D. Priefert from its board of directors, effective July 20, 2022. Priefert has been a director for 20 years at the Company and 39 years at Guaranty Bank & Trust, contributing significantly to its growth. His departure was amicable, with no disagreements reported. As of June 30, 2022, Guaranty Bancshares reported total assets of $3.28 billion, total loans of $2.14 billion, and total deposits of $2.78 billion.
Guaranty Bancshares, Inc. (NASDAQ: GNTY) reported a net income of $10.8 million, or $0.90 per share, for the quarter ending June 30, 2022, reflecting a slight increase from $10.7 million in Q1 2022. The company's net core earnings rose to $12.8 million from $10.9 million in the previous quarter, driven by improved net interest margins. Total loans grew 6.2% during the quarter, though non-interest income fell slightly. Non-performing assets rose to 0.30% of total assets, with a conservative credit approach maintained despite inflation pressures and a potential economic downturn.
Guaranty Bancshares, Inc. (NASDAQ: GNTY) will host a conference call on July 18, 2022, at 10:00 am CDT to discuss its second quarter 2022 financial results. The earnings press release will be released earlier that day at 6:00 am CDT. Key executives, including CEO Ty Abston and CFO Cappy Payne, will host the call. Participants must register beforehand at www.gnty.com/earningscall. A recording of the call will be available after 1:00 pm CDT and until July 31, 2022.
Guaranty Bancshares, Inc. (NASDAQ: GNTY) announced the promotion of Shalene Jacobson to Executive Vice President and Chief Financial Officer, succeeding Cappy Payne, who will remain Senior Executive Vice President and CFO. This transition is part of a succession plan as Payne approaches retirement. Jacobson, previously Chief Risk Officer, brings extensive experience in finance and risk management, having worked closely with Payne since joining in 2016. With substantial assets and a solid banking footprint across Texas, Guaranty Bancshares aims to ensure continuity and growth in its leadership.
Guaranty Bancshares, Inc. (NASDAQ: GNTY) has declared a quarterly cash dividend of
On April 20, 2022, Guaranty Bancshares, Inc. (NASDAQ: GNTY) announced a new Stock Repurchase Plan to buy back up to 1,000,000 shares of its common stock. Effective from April 21, 2022, until April 21, 2024, this program aims to optimize capital usage based on market conditions and the company's intrinsic value. CEO Ty Abston expressed confidence in this strategy. The buybacks will follow SEC regulations and will depend on several factors, including market conditions and liquidity, with no guarantees of share repurchase.
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