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Guaranty Bancshares Inc (GNTY)
NYSE:GNTY
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Earnings Data
Report Date
Jan 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.61Last Year’s EPS
$0.51Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 21, 2024
|% Change Since: -0.14%
|Next Earnings Date:Jan 21, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a balanced sentiment with both positive and negative aspects. The company demonstrated strong financial performance with increased earnings, improved net interest margin, and a robust capital position. However, there are challenges with declining gross loans and extraordinary expenses related to ORE, coupled with a muted growth outlook due to cautious market conditions.Company Guidance
During the Guaranty Bancshares Q3 2024 earnings call, CEO Ty Abston and CFO Shalene Jacobson provided guidance highlighting several key metrics. The company reported $7.4 million in net income, equating to $0.65 per basic share, consistent with Q2 and up from $0.54 in Q3 2023. Total assets increased by $15.5 million, while total liabilities rose by $4.8 million. Gross loans decreased by $78.5 million, but this was offset by $24.1 million in mortgage-backed securities purchases yielding 4.9% and $15 million in U.S. Treasuries yielding 3.9%. On the liability side, deposits and repurchase agreements increased by $48.8 million. The net interest margin improved to 3.33%, with a return on average assets of 0.96% and return on average equity at 9.58%. The company plans to grow by $1-2 billion over the next 3-4 years, leveraging its strong core deposit base and strategic opportunities, including potential bolt-on acquisitions. Additionally, they anticipate a reduction in CD rates, which will positively impact deposit costs over the next few quarters.Increase in Total Assets and Deposits
Total assets increased by $15.5 million during the third quarter, while total liabilities increased by $4.8 million. Deposits and repurchase agreement balances increased by $48.8 million.
Earnings and Net Interest Margin Improvement
Net income was $7.4 million, equating to $0.65 per basic share, up from $0.54 per share in Q3 2023. The net interest margin increased to 3.33% from 3.26% in the previous quarter.
Low Nonperforming Assets and Net Charge-Offs
Nonperforming assets remained at a low level of 0.66% of total assets, with nonaccrual loans at $5.1 million, down from $6.2 million in the prior quarter. Net charge-offs were $239,000, with a ratio of 0.04%.
Strong Capital and Liquidity Position
Total equity increased by $10.7 million, and the liquidity ratio was 17.1%. The company maintains a strong capital position with total contingent liquidity of about $1.4 billion.
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GNTY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GNTY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 21, 2024 | $34.74 | $32.53 | -6.36% |
| Jul 15, 2024 | $32.50 | $31.90 | -1.85% |
| Apr 15, 2024 | $28.44 | $28.35 | -0.32% |
| Jan 16, 2024 | $31.16 | $32.58 | +4.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Guaranty Bancshares Inc (GNTY) report earnings?
Guaranty Bancshares Inc (GNTY) is schdueled to report earning on Jan 21, 2025, TBA Not Confirmed.
What is Guaranty Bancshares Inc (GNTY) earnings time?
Guaranty Bancshares Inc (GNTY) earnings time is at Jan 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GNTY EPS forecast?
GNTY EPS forecast for the fiscal quarter 2024 (Q4) is $0.61.
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