Guaranty Bancshares, Inc. reported net income available to common shareholders of $7.4 million, or $0.64 per basic share, for the quarter ended December 31, 2019, compared to $6.5 million, or $0.55 per basic share, for the quarter ended December 31, 2018. The increase in net earnings was primarily attributable to an increase in net interest income and an increase in noninterest income, partially offset by an increase in noninterest expense and income tax provision.
Net income available to common shareholders was $7.4 million, or $0.64 per basic share.
Return on average assets and average equity was 1.26% and 11.40%, respectively.
Net interest income increased by $1.6 million, or 8.7%.
Noninterest income increased $512,000, or 12.3%.