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The latest announcement is out from Guaranty Bancshares ( (GNTY) ).
On January 21, 2025, Guaranty Bancshares, Inc. reported its financial results for the fourth quarter and year-end 2024, showing significant improvements in net income and asset quality. The company’s net income for the fourth quarter reached $10.0 million, an increase from both the previous quarter and the same quarter in 2023, driven by higher net interest income and lower noninterest expenses. The strategic reduction of the balance sheet to enhance liquidity and capital, along with maintaining core deposits, has positioned the company well for future growth opportunities. Nonperforming assets decreased, reflecting excellent credit quality and low expected losses on deteriorated credits, while the net interest margin improved due to higher yields on loan and securities portfolios.
More about Guaranty Bancshares
Guaranty Bancshares, Inc., the parent company of Guaranty Bank & Trust, N.A., operates in the financial services industry, focusing on banking products and services. The company is primarily engaged in providing traditional banking services to its customers, including loans, deposits, and investment services.
YTD Price Performance: 4.62%
Average Trading Volume: 35,552
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $403.5M
For an in-depth examination of GNTY stock, go to TipRanks’ Stock Analysis page.
