NYSE$GNTY

Guaranty Bancshares Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported financial results for the fiscal quarter ended March 31, 2022.

Guaranty Bancshares, Inc. reported net income available to common shareholders of $10.7 million, or $0.89 per basic share, for the quarter ended March 31, 2022. The increase in earnings during the first quarter of 2022, compared to the fourth quarter of 2021, was primarily due to a reverse provision for credit losses of $1.25 million during the first quarter of 2022.

  • Strong loan growth with total loans increasing by $106.0 million, or 5.6%, during the quarter.
  • Net core earnings were $10.9 million for the first quarter.
  • Non-performing assets as a percentage of total assets were 0.08% at March 31, 2022.
  • The bank is slightly asset-sensitive and should see benefits from expected rate increases by the Federal Reserve.

Headline financials

Total Revenue

$30.8M

Previous: $30.6M+0.6%
EPS (adj)

$0.88

Previous: $0.94-6.4%
Net Interest Margin

3.4%

Previous: 3.9%-12.5%
Efficiency Ratio

61.9%

Previous: 56.6%+9.5%
Return on Avg Assets

1.4%

Previous: 1.6%-13.8%
Return on Avg Equity

14.4%

Previous: 16.0%-9.7%
Capital Expenditures

$1.69M

Previous: $799K+110.9%
Free Cash Flow

$17M

Previous: $9.09M+86.9%
Net Income

$10.7M

Previous: $11M-2.0%
Operating Income

$13M

Previous: $13.3M-2.4%
Cash & Equivalents

$58.8M

Previous: $423M-86.1%
Total Assets

$3.19B

Previous: $2.89B+10.3%
Stock-Based Comp

$156K

Previous: $162K-3.7%

Revenue & EPS history

Guaranty Bancshares · Revenue · Quarterly

$30.8M

Q1 2022+0.6%vs Q1 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Guaranty Bancshares · $1.99B total across 9 segments · Q1 2022

  • Commercial Real Estate
    $675M
  • 1-4 Family Residential
    $431M
  • Construction & Development
    $318M
  • Commercial & Industrial
    $270M
  • Farmland
    $187M
  • Consumer
    $52.7M
  • Multi-Family Residential
    $42M
  • Agricultural
    $14.4M
  • Overdrafts
    $303K

Forward guidance

Guaranty Bancshares remains cautiously optimistic about the overall economy in the short to medium term, while remaining very optimistic about the Texas economy.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 6 quarterly earnings reports

Historical avg

+0.6%

Avg return

Earnings day

+2.8%

Avg return

5 days after

+4.0%

Avg return

30 days after

46%

18 / 39 earnings

Positive

+16.9%

Q4 2025

Best reaction

-11.7%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2025
Q2 2025-0.8%-0.9%+1.2%
Q1 2025+0.9%-0.1%+4.7%
Q4 2025+16.9%+17.8%+17.5%
Q3 2024-2.8%-6.7%+1.2%
Q2 2024+2.2%+2.6%-6.4%
Q1 2024-4.0%+4.3%+5.9%
Q4 2023+4.0%
Q3 2023+0.9%
Q2 2023+14.7%
Q1 2023-11.7%
Q4 2022-2.9%
Q3 2022+2.0%
Q2 2022-0.2%
Q1 2022+3.8%
Q4 2021+1.7%
Q3 2021+4.3%
Q2 2021-4.1%
Q1 2021+0.5%
Q4 2020+2.1%
Q3 2020+0.5%
Q2 2020+7.0%
Q1 2020-0.4%
Q4 2019-0.7%
Q3 2019+5.8%
Q2 2019+1.5%
Q1 2019-2.2%
Q4 2018-5.0%
Q3 2018-2.3%
Q2 2018-0.3%
Q1 2018-1.8%
Q4 2015-1.0%
Q4 2017-2.0%
Q3 2016-0.7%
Q3 2017-3.2%
Q2 2016+0.7%
Q2 2017+1.0%
Q4 2016-0.5%
Q1 2017-0.5%
Q1 2016-0.5%

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