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Dec 31, 2023
Guaranty Bancshares Q4 2023 Earnings Report
Reported relatively good earnings despite industry headwinds, with a strong balance sheet and consistent earnings stream.
Key Takeaways
Guaranty Bancshares, Inc. reported a net income available to common shareholders of $5.9 million, or $0.51 per basic share, for Q4 2023. The decrease in earnings compared to the previous quarter was primarily due to fluctuations in general operating expenses, while the decrease compared to the same quarter of the prior year was mainly due to lower net interest income.
Nonperforming assets as a percentage of total assets were 0.18%.
Net charge-offs to average loans were 0.04%.
Total deposits decreased by $25.0 million during the fourth quarter.
During the fourth quarter of 2023, the company repurchased 24,800 shares at an average price of $27.76 per share.
Forward Guidance
The company is looking forward to 2024 and has built a balance sheet that will allow it to grow and capitalize on new opportunities when the timing is right and economic conditions become less uncertain.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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