NYSE$GNTY

Guaranty Bancshares Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Reported relatively good earnings despite industry headwinds, with a strong balance sheet and consistent earnings stream.

Guaranty Bancshares, Inc. reported a net income available to common shareholders of $5.9 million, or $0.51 per basic share, for Q4 2023. The decrease in earnings compared to the previous quarter was primarily due to fluctuations in general operating expenses, while the decrease compared to the same quarter of the prior year was mainly due to lower net interest income.

  • Nonperforming assets as a percentage of total assets were 0.18%.
  • Net charge-offs to average loans were 0.04%.
  • Total deposits decreased by $25.0 million during the fourth quarter.
  • During the fourth quarter of 2023, the company repurchased 24,800 shares at an average price of $27.76 per share.

Headline financials

Total Revenue

$28.6M

Previous: $33.5M-14.5%
EPS (adj)

$0.51

Previous: $0.67-23.9%
Net Interest Margin

3.1%

Previous: 3.6%-12.9%
Efficiency Ratio

74.8%

Previous: 62.4%+19.8%
Capital Expenditures

$1.32M

Previous: $1.11M+18.5%
Net Income

$5.87M

Previous: $8.02M-26.8%
Operating Income

$7.21M

Previous: $9.78M-26.3%
Stock-Based Comp

$149K

Previous: $203K-26.6%

Revenue & EPS history

Guaranty Bancshares · Revenue · Quarterly

$28.6M

Q4 2023-14.5%vs Q4 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 is looking forward to 2024 and has built a balance sheet that will allow it to grow and capitalize on new opportunities when the timing is right and economic conditions become less uncertain.

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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