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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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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