Trade Guaranty Bancshares Inc/TX - GNTY CFD

Guaranty Bancshares Company profile

About Guaranty Bancshares, Inc.

Guaranty Bancshares, Inc. is the holding company. The Company, through its wholly owned subsidiary, Guaranty Bank & Trust (Bank), offers a range of commercial and consumer banking, as well as trust and wealth management, products and services that 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, and borrowing base loans. It also includes real estate construction loans, homebuilder loans, letters of credit to small- and medium-sized businesses, real estate developers, mortgage lenders, manufacturing and industrial companies, and other businesses. The Bank operates approximately 31 service banking locations in East Texas, Central Texas, the Dallas/Fort Worth metropolitan statistical area (MSA) and the Houston MSA.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Guaranty Bancshares, Inc. interest income decreased less than 1% to $102.6M. Net interest income after loan loss provision increased 8% to $97.3M. Net income increased 45% to $39.8M. Net interest income after loan loss provision reflects Taxable increase of 4% to $4.8M, Federal funds sold and interest-bearing increase of 13% to $1.1M.

Equity composition

Common Stock $1 Par, 8/05, 50M auth., 3,252,016 issd., less 426,268 shs. in Treas. @ 6.2M. Insiders own approx. 34%. IPO 5/98, 365,000 shares @ $14.50 by Hoefer & Arnett Inc. 10/05, Co. delisted from NASDAQ to OTC Pink Sheets. 08/06, Company delisted from OTC Pink Sheets.