NYSE$GNTY

Guaranty Bancshares Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported solid net earnings and core earnings, maintained a producing loan pipeline, and exhibited strong credit quality.

Guaranty Bancshares, Inc. reported net income available to common shareholders of $9.2 million, or $0.76 per basic share, for the quarter ended December 31, 2021. The company experienced solid net earnings and core earnings, maintained a producing loan pipeline, and exhibited strong credit quality.

  • Net earnings for the year ended December 31, 2021 were $39.8 million, up from $27.4 million for the year ended December 31, 2020.
  • Excluding PPP and warehouse loans, our loans decreased $10.0 million, or 0.6%, during the fourth quarter but have grown $176.2 million, or 10.8%, since December 31, 2020.
  • Non-performing assets as a percentage of total assets were 0.09% at December 31, 2021, compared to 0.11% at September 30, 2021 and 0.48% at December 31, 2020.
  • As of December 31, 2021, there are outstanding PPP2 balances of $49.3 million to 348 borrowers, down from the $100.8 million to 1,349 borrowers originally extended loans under the PPP2 program during 2021.

Headline financials

Total Revenue

$30.1M

Previous: $30.4M-1.1%
EPS (adj)

$0.75

Previous: $0.82-8.5%
Net Interest Margin

3.4%

Previous: 3.9%-11.9%
Efficiency Ratio

63.1%

Previous: 59.8%+5.5%
Return on Avg Assets

1.2%

No prior period
Return on Avg Equity

12.1%

No prior period
Capital Expenditures

$984K

Previous: $754K+30.5%
Free Cash Flow

$5.34M

Previous: $13.6M-60.6%
Net Income

$9.16M

Previous: $9.92M-7.6%
Operating Income

$11.1M

Previous: $12.2M-9.2%
Cash & Equivalents

$500M

Previous: $352M+42.0%
Total Assets

$3.09B

Previous: $2.74B+12.6%
Stock-Based Comp

$221K

Previous: $255K-13.3%

Revenue & EPS history

Guaranty Bancshares · Revenue · Quarterly

$30.1M

Q4 2021-1.1%vs Q4 2020
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

Management remains cautious about the recent surge in COVID-19 cases and the conclusion of various government stimulus programs and understands that the economic effects of the pandemic may continue through at least the first half of 2022.

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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