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Dec 31, 2024
Guaranty Bancshares Q4 2024 Earnings Report
Reported financial results for the fourth quarter and year ended December 31, 2024.
Key Takeaways
Guaranty Bancshares, Inc. reported a net income available to common shareholders of $10.0 million, or $0.88 per basic share, for the quarter ended December 31, 2024. The increase in earnings during the fourth quarter of 2024 compared to the fourth quarter of 2023 was primarily due to a $2.4 million increase in net interest income, a $930,000 increase in noninterest income, and a decrease in noninterest expense of $1.5 million.
Net interest margin improved to 3.54% for the fourth quarter of 2024, compared to 3.11% in the prior year quarter.
Liquidity ratio was 16.5% as of December 31, 2024, compared to 12.2% as of December 31, 2023.
Nonperforming assets as a percentage of total assets were 0.16% at December 31, 2024, compared to 0.18% at December 31, 2023.
Total deposits increased by $23.3 million during the fourth quarter.
Guaranty Bancshares
Guaranty Bancshares
Forward Guidance
We believe we are well positioned for loan growth and continued favorable results for our shareholders during 2025.