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Sep 30, 2021
Guaranty Bancshares Q3 2021 Earnings Report
Reported solid results with strong loan growth and consistent core earnings stream.
Key Takeaways
Guaranty Bancshares, Inc. reported a net income of $9.3 million, or $0.77 per basic share, for the quarter ended September 30, 2021. Loan growth, excluding PPP loans, was 7.5% during the third quarter and 9.8% year-to-date. Non-performing assets remained low, and all borrowers who received COVID-related deferrals are back on contractual payment schedules.
Net earnings remained solid for the past four quarters, demonstrating a consistent core earnings stream.
Excluding PPP loans, loans grew $132.8 million, or 7.5%, during the third quarter.
Non-performing assets as a percentage of total assets were 0.11% at September 30, 2021.
Outstanding PPP2 balances were $71.4 million to 664 borrowers as of September 30, 2021.
Guaranty Bancshares
Guaranty Bancshares
Forward Guidance
Company anticipates continued economic effects of the pandemic into 2022 but is cautiously optimistic about improving vaccination and hospitalization rates and economic trends.