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Dec 31, 2021
Guaranty Bancshares Q4 2021 Earnings Report
Reported solid net earnings and core earnings, maintained a producing loan pipeline, and exhibited strong credit quality.
Key Takeaways
Guaranty Bancshares, Inc. reported net income available to common shareholders of $9.2 million, or $0.76 per basic share, for the quarter ended December 31, 2021. The company experienced solid net earnings and core earnings, maintained a producing loan pipeline, and exhibited strong credit quality.
Net earnings for the year ended December 31, 2021 were $39.8 million, up from $27.4 million for the year ended December 31, 2020.
Excluding PPP and warehouse loans, our loans decreased $10.0 million, or 0.6%, during the fourth quarter but have grown $176.2 million, or 10.8%, since December 31, 2020.
Non-performing assets as a percentage of total assets were 0.09% at December 31, 2021, compared to 0.11% at September 30, 2021 and 0.48% at December 31, 2020.
As of December 31, 2021, there are outstanding PPP2 balances of $49.3 million to 348 borrowers, down from the $100.8 million to 1,349 borrowers originally extended loans under the PPP2 program during 2021.
Guaranty Bancshares
Guaranty Bancshares
Forward Guidance
Management remains cautious about the recent surge in COVID-19 cases and the conclusion of various government stimulus programs and understands that the economic effects of the pandemic may continue through at least the first half of 2022.