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Mar 31, 2022
Guaranty Bancshares Q1 2022 Earnings Report
Reported financial results for the fiscal quarter ended March 31, 2022.
Key Takeaways
Guaranty Bancshares, Inc. reported net income available to common shareholders of $10.7 million, or $0.89 per basic share, for the quarter ended March 31, 2022. The increase in earnings during the first quarter of 2022, compared to the fourth quarter of 2021, was primarily due to a reverse provision for credit losses of $1.25 million during the first quarter of 2022.
Strong loan growth with total loans increasing by $106.0 million, or 5.6%, during the quarter.
Net core earnings were $10.9 million for the first quarter.
Non-performing assets as a percentage of total assets were 0.08% at March 31, 2022.
The bank is slightly asset-sensitive and should see benefits from expected rate increases by the Federal Reserve.
Revenue by Segment
Forward Guidance
Guaranty Bancshares remains cautiously optimistic about the overall economy in the short to medium term, while remaining very optimistic about the Texas economy.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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