NYSE$GNTY

Guaranty Bancshares Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Guaranty Bancshares reported financial results for the second quarter of 2023, showing increased net income and strong asset quality.

Guaranty Bancshares, Inc. reported a net income available to common shareholders of $9.6 million, or $0.82 per basic share, for the quarter ended June 30, 2023. The increase in earnings compared to the previous quarter was primarily due to a one-time gain on the sale of nonmarketable correspondent bank stock of $2.8 million.

  • Nonperforming assets as a percentage of total assets were 0.11% at June 30, 2023.
  • Total deposits decreased by $20.6 million during the second quarter, with a shift from noninterest-bearing to interest-bearing deposits.
  • During the second quarter of 2023, 322,601 shares were repurchased at an average price of $25.13 per share.
  • Net interest margin decreased 41 basis points primarily due to interest bearing liabilities repricing faster than interest-earning assets.

Headline financials

Total Revenue

$32.6M

Previous: $32.9M-1.1%
EPS (adj)

$0.81

Previous: $0.89-9.0%
Net Interest Margin

3.2%

Previous: 3.6%-11.6%
Efficiency Ratio

62.8%

Previous: 59.8%+5.1%
Return on Avg Assets

1.2%

Previous: 1.4%-13.3%
Return on Avg Equity

12.9%

Previous: 14.8%-13.3%
Capital Expenditures

$1.7M

Previous: $1.2M+42.4%
Free Cash Flow

$8.14M

Previous: $2.84M+187.0%
Net Income

$9.58M

Previous: $10.8M-11.1%
Operating Income

$12.1M

Previous: $13.2M-8.6%
Cash & Equivalents

$47.7M

Previous: $56.5M-15.7%
Total Assets

$3.21B

Previous: $3.28B-2.3%
Stock-Based Comp

$150K

Previous: $165K-9.1%

Revenue & EPS history

Guaranty Bancshares · Revenue · Quarterly

$32.6M

Q2 2023-1.1%vs Q2 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 will hold a conference call to discuss second quarter 2023 financial results on Monday, July 17, 2023 at 10:00 am Central Time.

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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