Guaranty Bancshares, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported net earnings were $2,808,000 against $3,574,000 a year ago. Interest income was $18,689,000 against $16,717,000 a year ago. Net interest income was $15,488,000 against $14,025,000 a year ago. Earnings per common share, diluted were $0.25 against $0.40 a year ago. Book value per common share was $18.75 against $16.22 a year ago. Tangible book value per common share was $16.81 against $13.70 a year ago. Return on average assets was 0.58% against 0.79% a year ago. Return on average equity was 5.36% against 9.68% a year ago. The decrease in net earnings during the fourth quarter of 2017, compared to the same period in 2016, was primarily attributable to a one-time, non-cash charge to income tax provision of $1.7 million, or $0.17 per basic share, to reduce the value of net deferred tax assets due to a tax rate reduction from 35% to 21%.  For the full year, the company reported net earnings were $14,439,000 against $12,121,000 a year ago. Interest income was $71,782,000 against $64,708,000 a year ago. Net interest income was $59,630,000 against $53,840,000 a year ago. Earnings per common share, diluted were $1.40 against $1.35 a year ago. Book value per common share was $18.75 against $16.22 a year ago. Return on average assets was 0.76% against 0.68% a year ago. Return on average equity was 7.78% against 8.34% a year ago.