NYSE$GNTY
Guaranty Bancshares Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported financial results for the third quarter of 2024.
Guaranty Bancshares, Inc. reported a net income available to common shareholders of $7.4 million, or $0.65 per basic share, for the quarter ended September 30, 2024. The increase in earnings was primarily due to an increase in net interest income and a reverse provision for credit losses.
- Net interest margin improved, reaching 3.33%, up 7 basis points from the prior quarter and 31 basis points from the third quarter of 2023.
- The company strategically shrunk its balance sheet by paying off debt and allowing transactional loans to pay off.
- Credit quality remains strong with very low past-dues and charge-offs.
- Total deposits increased by $42.8 million during the third quarter.
Headline financials
Revenue & EPS history
Guaranty Bancshares · Revenue · Quarterly
$29.3M
Revenue by segment
Guaranty Bancshares · $2.11B total across 9 segments · Q2 2022
- Commercial Real Estate$750M—35.5%
- 1-4 Family Residential$451M—21.3%
- Construction & Development$350M—16.6%
- Commercial & Industrial$269M—12.7%
- Farmland$166M—7.9%
- Consumer$56.4M—2.7%
- Multi-Family Residential$56M—2.6%
- Agricultural$14.5M—0.7%
- Overdrafts$435K—0.0%
Forward guidance
Guaranty Bancshares is positioning its balance sheet for loan growth and other opportunities as economic conditions improve and interest rates fall. The company anticipates resolutions for ORE on its balance sheet and expects solid capital and liquidity levels to drive positive strategic objectives and favorable results for shareholders in 2024 and 2025.
Tailwinds
- Earnings and margin results were good and continue to show improvement as the Fed begins to lower interest rates.
- Net interest margin is now at 3.33%, up 7 basis points from the prior quarter and 31 basis points from the third quarter of 2023.
- Deposit balances increased during the quarter.
- The company purchased additional higher yielding AFS securities.
- The remaining $45.0 million in FHLB advances were repaid.
Headwinds
- No specific negatives were mentioned in the provided text.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 6 quarterly earnings reports · overlaid with Q3 2024
+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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