NYSE$GNTY

Guaranty Bancshares Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Guaranty Bancshares' financial results for Q1 2023 were reported, with net income available to common shareholders at $8.3 million.

Guaranty Bancshares reported a net income of $8.3 million, or $0.69 per basic share, for the quarter ended March 31, 2023. The increase in earnings compared to the previous quarter was primarily due to no provision for credit losses in the first quarter of 2023. The company's balance sheet remains strong, with a moderate level of unrealized losses and strong liquidity.

  • Net income available to common shareholders was $8.3 million, or $0.69 per basic share.
  • Return on average assets was 1.01% and return on average equity was 11.18%.
  • Total deposits increased by $8.3 million during March, despite bank failures.
  • Nonperforming assets as a percentage of total assets were 0.40%.

Headline financials

Total Revenue

$30.1M

Previous: $30.8M-2.4%
EPS (adj)

$0.69

Previous: $0.88-21.6%
Net Interest Margin

3.2%

Previous: 3.4%-3.9%
Efficiency Ratio

66.4%

Previous: 61.9%+7.2%
Return on Avg Assets

1.0%

Previous: 1.4%-26.8%
Return on Avg Equity

11.2%

Previous: 14.4%-22.6%
Capital Expenditures

$2.18M

Previous: $1.69M+29.6%
Free Cash Flow

$9.53M

Previous: $17M-43.9%
Net Income

$8.28M

Previous: $10.7M-22.9%
Operating Income

$10.1M

Previous: $13M-22.1%
Cash & Equivalents

$158M

Previous: $58.8M+169.0%
Total Assets

$3.36B

Previous: $3.19B+5.2%
Stock-Based Comp

$148K

Previous: $156K-5.1%

Revenue & EPS history

Guaranty Bancshares · Revenue · Quarterly

$30.1M

Q1 2023-2.4%vs Q1 2022
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Guaranty Bancshares · $2.11B total across 9 segments · Q2 2022

  • Commercial Real Estate
    $750M
  • 1-4 Family Residential
    $451M
  • Construction & Development
    $350M
  • Commercial & Industrial
    $269M
  • Farmland
    $166M
  • Consumer
    $56.4M
  • Multi-Family Residential
    $56M
  • Agricultural
    $14.5M
  • Overdrafts
    $435K

Forward guidance

The company did not provide forward guidance in the earnings report.

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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