NYSE$GNTY
Guaranty Bancshares Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Reported financial results for the fiscal quarter ended June 30, 2020.
Guaranty Bancshares, Inc. reported net income available to common shareholders of $1.1 million, or $0.10 per basic share, for the quarter ended June 30, 2020. Earnings were impacted by a large provision for loan loss reserves due to COVID-19, partially offset by loan origination fees from the SBA's Paycheck Protection Program (PPP).
- Non-performing assets as a percentage of total loans decreased to 0.76% at June 30, 2020.
- The bank had a $12.1 million provision for loan losses due to additional qualitative factors under CECL standard derived from COVID-19 impacts.
- Net earnings for the quarter were $1.1 million, down from $6.3 million for the immediately prior quarter.
- The Bank issued $208.8 million of PPP loans to 1,905 borrowers, resulting in $2.1 million in net origination fees recognized by the Bank and $4.9 million in net deferred origination fees.
Headline financials
Revenue & EPS history
Guaranty Bancshares · Revenue · Quarterly
$28.2M
Revenue by segment
Guaranty Bancshares · $1.96B total across 9 segments · Q2 2020
- Commercial Real Estate$606M—31.0%
- Commercial & Industrial$522M—26.7%
- 1-4 Family Residential$384M—19.6%
- Construction & Development$266M—13.6%
- Farmland$77.6M—4.0%
- Consumer$53M—2.7%
- Multi-Family Residential$29.7M—1.5%
- Agricultural$19M—1.0%
- Overdrafts$275K—0.0%
Forward guidance
Management believes the provisions made in both the first and second quarter, as a result of loan downgrades and qualitative factor adjustments in the CECL model, appropriately capture the current credit risks associated with COVID-19 and do not anticipate provisions at these levels during the second half of 2020 at this time. However, the outbreak could worsen in the short term, leading to possible changes in customer and consumer behavior and stronger response measures by government officials, and the long term economic impacts of COVID-19 are still very much unknown.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 6 quarterly earnings reports
+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
| Quarter | Report date | Reaction (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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