NYSE$GNTY

Guaranty Bancshares Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported solid results with strong loan growth and consistent core earnings stream.

Guaranty Bancshares, Inc. reported a net income of $9.3 million, or $0.77 per basic share, for the quarter ended September 30, 2021. Loan growth, excluding PPP loans, was 7.5% during the third quarter and 9.8% year-to-date. Non-performing assets remained low, and all borrowers who received COVID-related deferrals are back on contractual payment schedules.

  • Net earnings remained solid for the past four quarters, demonstrating a consistent core earnings stream.
  • Excluding PPP loans, loans grew $132.8 million, or 7.5%, during the third quarter.
  • Non-performing assets as a percentage of total assets were 0.11% at September 30, 2021.
  • Outstanding PPP2 balances were $71.4 million to 664 borrowers as of September 30, 2021.

Headline financials

Total Revenue

$30M

Previous: $28.9M+3.7%
EPS (adj)

$0.76

Previous: $0.84-9.5%
Net Interest Margin

3.4%

Previous: 3.6%-5.8%
Efficiency Ratio

64.3%

Previous: 57.9%+11.0%
Capital Expenditures

$503K

Previous: $1.27M-60.3%
Free Cash Flow

$15.1M

Previous: $12.1M+24.5%
Net Income

$9.25M

Previous: $10.1M-8.7%
Operating Income

$11.4M

Previous: $12.5M-8.4%
Cash & Equivalents

$34.7M

Previous: $35.7M-2.7%
Total Assets

$2.97B

Previous: $2.66B+11.5%
Stock-Based Comp

$183K

Previous: $182K+0.5%

Revenue & EPS history

Guaranty Bancshares · Revenue · Quarterly

$30M

Q3 2021+3.7%vs Q3 2020
Beat estimate in 12 of 16 quarters(75%)
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

Company anticipates continued economic effects of the pandemic into 2022 but is cautiously optimistic about improving vaccination and hospitalization rates and economic trends.

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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