Guaranty Bancshares, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
January 21, 2020 at 08:30 am
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Guaranty Bancshares, Inc. announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced net interest income was USD 20.494 million compared to USD 18.856 million a year ago. Net income was USD 7.369 million compared to USD 6.512 million a year ago. Basic earnings per share was USD 0.64 compared to USD 0.55 a year ago. Diluted earnings per share was USD 0.63 compared to USD 0.55 a year ago. For the full year, net interest income was USD 78.870 million compared to USD 68.916 million a year ago. Net income was USD 26.279 million compared to USD 20.596 million a year ago. Basic earnings per share was USD 2.26 compared to USD 1.78 a year ago. Diluted earnings per share was USD 2.26 compared to USD 1.77 a year ago.
Guaranty Bancshares, Inc. is a bank holding company of Guaranty Bank & Trust, N.A. (the Bank). The Bank provides a range of relationship-driven commercial and consumer banking, as well as trust and wealth management products and services that are tailored to meet the needs of small- and medium-sized businesses, professionals and individuals. Its lending activities provide a range of loans, including commercial lines of credit, working capital loans, commercial real estate-backed loans, term loans, equipment financing, acquisition, expansion and development loans, borrowing base loans, real estate construction loans, homebuilder loans, letters of credit and other loan products. It also offers various consumer loans to individuals and professionals, including residential real estate loans, home equity loans, installment loans, unsecured and secured personal lines of credit, and standby letters of credit. The Bank operates 33 full-service banking locations.