Guaranty Federal Bancshares Inc. reported earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, the company reported net income available to common shareholders of $1,431,000 against $1,782,000 a year ago. Diluted income per common share was $0.33 against $0.41 per share a year ago. Annualized return on average assets was 0.88% against 1.14% a year ago. Annualized return on average equity was 8.58% against 11.67% a year ago. Tangible book value per common share was $15.27 against $14.30 per share a year ago. The decline in annual earnings per common share was due to the increase in average common shares for 2015. Income before income taxes was $1,986,000 against $2,440,000 a year ago. Operating income was $2,326,000 against $2,818,000 a year ago. Net interest income was $5,257,000 against $5,387,000 a year ago.

For the year, the company reported net income of $5,717,000 against $5,782,000 a year ago. Income before income taxes was $8,178,000 against $7,895,000 a year ago. Operating income was $8,875,000 against $9,349,000 a year ago. Net interest income was $20,909,000 against $20,685,000 a year ago. Net income per share diluted was $1.30 against $1.33 per share a year ago. Annualized return on average assets was 0.88% against 0.93% a year ago. Annualized return on average equity was 8.81% against 9.67% a year ago.