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Guaranty Bancshares (GNTY) Financials

Guaranty Bancshares logo
$43.71 +0.33 (+0.77%)
Closing price 03:59 PM Eastern
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$43.76 +0.05 (+0.11%)
As of 04:04 PM Eastern
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Annual Income Statements for Guaranty Bancshares

Annual Income Statements for Guaranty Bancshares

This table shows Guaranty Bancshares' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 40 30 32
Consolidated Net Income / (Loss)		 40 30 31
Net Income / (Loss) Continuing Operations		 40 30 31
Total Pre-Tax Income 		49 37 39
Total Revenue		 131 119 119
Net Interest Income / (Expense)		 108 97 98
Total Interest Income		 123 156 163
Loans and Leases Interest Income		 105 136 139
Investment Securities Interest Income		 18 18 20
Federal Funds Sold and Securities Borrowed Interest Income		 0.86 2.75 3.76
Total Interest Expense		 15 60 65
Deposits Interest Expense		 9.75 45 59
Long-Term Debt Interest Expense		 1.72 2.14 2.05
Federal Funds Purchased and Securities Sold Interest Expense		 3.86 12 3.50
Other Interest Expense		 0.05 0.76 0.91
Total Non-Interest Income		 23 23 21
Other Service Charges		 21 22 20
Net Realized & Unrealized Capital Gains on Investments		 2.61 0.97 0.99
Provision for Credit Losses		 2.15 0.00 -2.20
Total Non-Interest Expense		 80 82 82
Salaries and Employee Benefits		 47 49 47
Net Occupancy & Equipment Expense		 11 11 12
Other Operating Expenses		 21 22 23
Income Tax Expense		 8.83 7.13 7.47
Net Income / (Loss) Attributable to Noncontrolling Interest		 -0.02 -0.03 -0.05
Basic Earnings per Share		 $3.38 $2.57 $2.75
Weighted Average Basic Shares Outstanding		 11.94M 11.53M 11.40M
Diluted Earnings per Share		 $3.34 $2.56 $2.74
Weighted Average Diluted Shares Outstanding		 11.94M 11.53M 11.40M
Weighted Average Basic & Diluted Shares Outstanding		 11.94M 11.53M 11.40M
Cash Dividends to Common per Share		 $0.88 $0.92 $0.96

Quarterly Income Statements for Guaranty Bancshares

This table shows Guaranty Bancshares' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 11 8.02 8.28 9.58 6.30 5.88 6.69 7.44 7.40 10
Consolidated Net Income / (Loss)		 11 8.02 8.28 9.58 6.29 5.87 6.68 7.42 7.38 10
Net Income / (Loss) Continuing Operations		 11 8.02 8.28 9.58 6.29 5.87 6.68 7.42 7.38 10
Total Pre-Tax Income 		13 9.78 10 12 7.73 7.21 8.40 9.08 9.17 12
Total Revenue		 34 33 30 33 28 29 29 28 29 32
Net Interest Income / (Expense)		 28 28 25 25 23 24 24 24 24 26
Total Interest Income		 32 36 37 39 40 41 41 41 40 41
Loans and Leases Interest Income		 27 30 32 34 35 36 35 35 35 34
Investment Securities Interest Income		 4.83 5.08 4.54 4.34 4.36 4.42 4.63 4.88 4.92 5.54
Federal Funds Sold and Securities Borrowed Interest Income		 0.19 0.45 0.45 0.81 0.69 0.80 0.63 0.83 0.90 1.41
Total Interest Expense		 4.18 7.36 12 14 17 17 17 17 16 15
Deposits Interest Expense		 2.46 4.43 7.66 9.95 13 14 14 15 15 14
Long-Term Debt Interest Expense		 0.51 0.51 0.54 0.54 0.53 0.53 0.52 0.51 0.51 0.51
Federal Funds Purchased and Securities Sold Interest Expense		 1.21 2.41 3.77 3.35 2.59 1.92 1.92 1.21 0.29 0.09
Other Interest Expense		 0.00 0.01 0.01 0.20 0.33 0.22 0.27 0.29 0.21 0.14
Total Non-Interest Income		 5.80 5.12 4.91 7.87 4.94 4.80 5.26 4.60 5.15 5.73
Other Service Charges		 5.47 4.64 4.50 7.72 4.72 4.60 4.99 4.37 4.90 5.49
Net Realized & Unrealized Capital Gains on Investments		 0.34 0.48 0.41 0.15 0.22 0.20 0.27 0.23 0.25 0.24
Provision for Credit Losses		 0.60 2.80 0.00 0.00 0.00 - -0.25 -1.20 -0.50 -0.25
Total Non-Interest Expense		 20 21 20 20 21 21 21 21 21 20
Salaries and Employee Benefits		 12 12 12 12 12 13 12 12 12 11
Net Occupancy & Equipment Expense		 2.80 2.77 2.83 2.75 2.96 2.76 2.75 2.92 3.03 3.12
Other Operating Expenses		 5.59 5.76 4.87 5.78 5.61 5.93 5.51 5.96 6.07 5.71
Income Tax Expense		 2.36 1.76 1.82 2.53 1.44 1.34 1.72 1.65 1.79 2.31
Net Income / (Loss) Attributable to Noncontrolling Interest		 -0.00 -0.00 -0.00 -0.01 -0.01 -0.01 -0.01 -0.01 -0.02 -0.01
Basic Earnings per Share		 $0.92 $0.67 $0.69 $0.82 $0.54 $0.52 $0.58 $0.65 $0.65 $0.87
Weighted Average Basic Shares Outstanding		 11.94M 11.94M 11.80M 11.57M 11.53M 11.53M 11.52M 11.40M 11.42M 11.40M
Diluted Earnings per Share		 $0.91 $0.66 $0.69 $0.81 $0.54 $0.52 $0.58 $0.65 $0.65 $0.86
Weighted Average Diluted Shares Outstanding		 11.94M 11.94M 11.80M 11.57M 11.53M 11.53M 11.52M 11.40M 11.42M 11.40M
Weighted Average Basic & Diluted Shares Outstanding		 11.94M 11.94M 11.80M 11.57M 11.53M 11.53M 11.52M 11.40M 11.42M 11.40M
Cash Dividends to Common per Share		 $0.22 $0.22 $0.23 $0.23 $0.23 $0.23 $0.24 $0.24 $0.24 $0.24

Annual Cash Flow Statements for Guaranty Bancshares

This table details how cash moves in and out of Guaranty Bancshares' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -393 -17 56
Net Cash From Operating Activities		 39 39 47
Net Cash From Continuing Operating Activities		 39 39 47
Net Income / (Loss) Continuing Operations		 40 30 31
Consolidated Net Income / (Loss)		 40 30 31
Provision For Loan Losses		 2.15 0.00 -2.20
Depreciation Expense		 4.21 4.04 4.31
Amortization Expense		 5.64 2.80 1.95
Non-Cash Adjustments to Reconcile Net Income		 -0.57 0.41 2.16
Changes in Operating Assets and Liabilities, net		 -13 1.95 9.71
Net Cash From Investing Activities		 -685 144 108
Net Cash From Continuing Investing Activities		 -685 144 108
Purchase of Property, Leasehold Improvements and Equipment		 -5.68 -6.78 -3.32
Purchase of Investment Securities		 -1,099 -1,671 -2,177
Sale of Property, Leasehold Improvements and Equipment		 1.86 3.56 15
Sale and/or Maturity of Investments		 888 1,765 2,099
Other Investing Activities, net		 -470 53 174
Net Cash From Financing Activities		 253 -200 -99
Net Cash From Continuing Financing Activities		 253 -200 -99
Net Change in Deposits		 11 -48 59
Issuance of Debt		 1,170 3,310 1,598
Repayment of Debt		 -911 -3,442 -1,741
Repurchase of Common Equity		 -8.84 -11 -6.37
Payment of Dividends		 -10 -11 -11
Other Financing Activities, Net		 1.57 0.70 2.26
Cash Interest Paid		 14 57 65
Cash Income Taxes Paid		 9.94 7.58 5.54

Quarterly Cash Flow Statements for Guaranty Bancshares

This table details how cash moves in and out of Guaranty Bancshares' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Change in Cash & Equivalents		 53 -18 52 -61 33 -41 -16 17 73 -17
Net Cash From Operating Activities		 5.57 11 12 9.84 -13 31 1.12 20 15 11
Net Cash From Continuing Operating Activities		 5.57 11 12 9.84 -13 31 1.12 20 15 11
Net Income / (Loss) Continuing Operations		 11 8.02 8.28 9.58 6.29 5.87 6.68 7.42 7.38 10
Consolidated Net Income / (Loss)		 11 8.02 8.28 9.58 6.29 5.87 6.68 7.42 7.38 10
Provision For Loan Losses		 0.60 2.80 0.00 - - - -0.25 -1.20 -0.50 -0.25
Depreciation Expense		 1.03 1.03 1.02 1.01 1.01 1.01 1.03 1.01 1.05 1.23
Amortization Expense		 1.46 0.87 0.95 0.66 0.55 0.64 0.61 0.59 0.54 0.20
Non-Cash Adjustments to Reconcile Net Income		 -1.25 2.78 0.79 -2.01 -1.56 3.18 0.23 1.35 0.34 0.24
Changes in Operating Assets and Liabilities, net		 -7.17 -4.92 0.67 0.60 -20 20 -7.18 11 6.58 -0.90
Net Cash From Investing Activities		 -54 20 45 88 26 -15 46 51 57 -46
Net Cash From Continuing Investing Activities		 -54 20 45 88 26 -15 46 51 57 -46
Purchase of Property, Leasehold Improvements and Equipment		 -1.69 -1.11 -2.18 -1.70 -1.58 -1.32 -1.00 -1.60 -0.54 -0.18
Purchase of Investment Securities		 -150 331 0.00 -484 -920 -267 -439 -419 -636 -683
Sale of Property, Leasehold Improvements and Equipment		 1.78 0.01 0.00 3.49 0.01 0.06 0.12 0.04 0.25 14
Sale and/or Maturity of Investments		 96 161 47 527 933 258 444 422 615 617
Other Investing Activities, net		 - - 0.01 43 15 -5.01 42 49 78 5.26
Net Cash From Financing Activities		 101 -49 -4.82 -159 20 -57 -64 -54 0.31 19
Net Cash From Continuing Financing Activities		 101 -49 -4.82 -159 20 -57 -64 -54 0.31 19
Net Change in Deposits		 11 -109 -58 -21 55 -25 -5.40 -1.68 43 23
Issuance of Debt		 201 817 1,591 146 770 803 590 535 279 194
Repayment of Debt		 -108 -754 -1,535 -273 -801 -832 -646 -581 -318 -196
Repurchase of Common Equity		 -0.69 - -0.74 -8.11 -1.69 -0.69 -0.34 -4.09 -1.84 -0.10
Payment of Dividends		 -2.62 -2.62 -2.63 -2.74 -2.67 -2.66 -2.65 -2.77 -2.74 -2.74
Other Financing Activities, Net		 0.50 0.59 0.23 - 0.29 0.18 0.07 0.50 1.15 0.55
Cash Interest Paid		 4.00 6.21 10 14 16 17 17 17 16 16
Cash Income Taxes Paid		 2.70 2.84 0.00 4.08 2.50 1.00 0.00 4.23 - 1.31

Annual Balance Sheets for Guaranty Bancshares

This table presents Guaranty Bancshares' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Total Assets		 3,351 3,185 3,116
Cash and Due from Banks		 52 48 47
Federal Funds Sold		 47 37 95
Interest Bearing Deposits at Other Banks		 6.80 5.21 3.80
Trading Account Securities		 701 601 675
Loans and Leases, Net of Allowance		 2,344 0.00 0.00
Premises and Equipment, Net		 54 57 56
Goodwill		 32 32 32
Intangible Assets		 1.86 1.42 0.99
Other Assets		 111 2,403 2,205
Total Liabilities & Shareholders' Equity		 3,351 3,185 3,116
Total Liabilities		 3,056 2,881 2,796
Non-Interest Bearing Deposits		 1,052 853 837
Interest Bearing Deposits		 1,629 1,780 1,855
Short-Term Debt		 7.22 30 31
Long-Term Debt		 339 186 42
Other Long-Term Liabilities		 28 32 31
Commitments & Contingencies		 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 296 304 319
Total Preferred & Common Equity		 295 303 318
Preferred Stock		 0.00 0.00 0.00
Total Common Equity		 295 303 318
Common Stock		 242 243 246
Retained Earnings		 138 157 177
Treasury Stock		 -60 -71 -78
Accumulated Other Comprehensive Income / (Loss)		 -24 -25 -27
Noncontrolling Interest		 0.57 0.55 0.58

Quarterly Balance Sheets for Guaranty Bancshares

This table presents Guaranty Bancshares' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024
Total Assets		 3,390 3,356 3,206 3,230 3,127 3,082 3,097
Cash and Due from Banks		 48 59 48 48 44 45 51
Federal Funds Sold		 72 95 45 73 24 40 108
Interest Bearing Deposits at Other Banks		 4.28 3.70 4.74 8.98 4.92 4.72 3.97
Trading Account Securities		 834 651 605 589 594 592 620
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 54 55 56 57 57 57 57
Goodwill		 32 32 32 32 32 32 32
Intangible Assets		 1.97 1.75 1.63 1.52 1.31 1.21 1.10
Other Assets		 109 113 113 134 136 2,309 2,224
Total Liabilities & Shareholders' Equity		 3,390 3,356 3,206 3,230 3,127 3,082 3,097
Total Liabilities		 3,102 3,056 2,909 2,934 2,822 2,773 2,778
Non-Interest Bearing Deposits		 1,141 993 915 903 829 820 840
Interest Bearing Deposits		 1,649 1,631 1,687 1,755 1,799 1,806 1,829
Short-Term Debt		 7.59 13 33 21 39 25 31
Long-Term Debt		 276 49 243 223 121 89 44
Other Long-Term Liabilities		 27 30 31 31 34 33 34
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 289 300 297 297 306 309 319
Total Preferred & Common Equity		 288 300 297 296 305 308 319
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 288 300 297 296 305 308 319
Common Stock		 241 242 242 243 243 244 245
Retained Earnings		 132 143 150 154 161 165 170
Treasury Stock		 -60 -61 -69 -71 -72 -76 -78
Accumulated Other Comprehensive Income / (Loss)		 -25 -25 -27 -30 -27 -26 -19
Noncontrolling Interest		 0.58 0.57 0.57 0.56 0.54 0.53 0.51

Annual Metrics And Ratios for Guaranty Bancshares

This table displays calculated financial ratios and metrics derived from Guaranty Bancshares' official financial filings.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - -
Revenue Growth		 9.31% -9.00% -0.73%
EBITDA Growth		 1.16% -25.59% 2.81%
EBIT Growth		 1.44% -24.60% 4.91%
NOPAT Growth		 1.55% -25.76% 4.94%
Net Income Growth		 1.55% -25.76% 4.94%
EPS Growth		 2.45% -23.35% 7.03%
Operating Cash Flow Growth		 -10.79% 0.93% 20.96%
Free Cash Flow Firm Growth		 -365.00% 171.72% 3.99%
Invested Capital Growth		 65.16% -19.10% -24.50%
Revenue Q/Q Growth		 2.68% -3.92% 2.90%
EBITDA Q/Q Growth		 -2.89% -6.06% 12.15%
EBIT Q/Q Growth		 -2.57% -6.49% 15.09%
NOPAT Q/Q Growth		 -2.74% -6.69% 15.15%
Net Income Q/Q Growth		 -2.74% -6.69% 15.15%
EPS Q/Q Growth		 -2.62% -5.19% 14.17%
Operating Cash Flow Q/Q Growth		 12.31% 109.28% -30.20%
Free Cash Flow Firm Q/Q Growth		 -40.12% 139.88% -8.73%
Invested Capital Q/Q Growth		 12.15% -3.99% -0.58%
Profitability Metrics		 - - -
EBITDA Margin		 45.02% 36.81% 38.13%
EBIT Margin		 37.51% 31.08% 32.85%
Profit (Net Income) Margin		 30.78% 25.11% 26.55%
Tax Burden Percent		 82.07% 80.80% 80.82%
Interest Burden Percent		 100.00% 100.00% 100.00%
Effective Tax Rate		 17.93% 19.20% 19.18%
Return on Invested Capital (ROIC)		 7.84% 5.17% 6.91%
ROIC Less NNEP Spread (ROIC-NNEP)		 7.84% 5.17% 6.91%
Return on Net Nonoperating Assets (RNNOA)		 5.68% 4.84% 3.20%
Return on Equity (ROE)		 13.52% 10.01% 10.11%
Cash Return on Invested Capital (CROIC)		 -41.30% 26.29% 34.83%
Operating Return on Assets (OROA)		 1.53% 1.14% 1.24%
Return on Assets (ROA)		 1.26% 0.92% 1.00%
Return on Common Equity (ROCE)		 13.51% 9.99% 10.09%
Return on Equity Simple (ROE_SIMPLE)		 13.70% 9.89% 9.89%
Net Operating Profit after Tax (NOPAT)		 40 30 31
NOPAT Margin		 30.78% 25.11% 26.55%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 44.63% 50.35% 49.41%
Operating Expenses to Revenue		 60.85% 68.92% 69.01%
Earnings before Interest and Taxes (EBIT)		 49 37 39
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 59 44 45
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 1.31 1.23 1.23
Price to Tangible Book Value (P/TBV)		 1.48 1.39 1.38
Price to Revenue (P/Rev)		 2.94 3.13 3.31
Price to Earnings (P/E)		 9.56 12.45 12.45
Dividend Yield		 2.72% 2.84% 2.79%
Earnings Yield		 10.46% 8.03% 8.03%
Enterprise Value to Invested Capital (EV/IC)		 0.98 0.96 0.82
Enterprise Value to Revenue (EV/Rev)		 4.77 4.19 2.70
Enterprise Value to EBITDA (EV/EBITDA)		 10.61 11.38 7.08
Enterprise Value to EBIT (EV/EBIT)		 12.73 13.47 8.22
Enterprise Value to NOPAT (EV/NOPAT)		 15.51 16.68 10.17
Enterprise Value to Operating Cash Flow (EV/OCF)		 16.14 12.76 6.75
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 3.28 2.02
Leverage & Solvency		 - - -
Debt to Equity		 1.17 0.71 0.23
Long-Term Debt to Equity		 1.15 0.61 0.13
Financial Leverage		 0.72 0.94 0.46
Leverage Ratio		 10.77 10.90 10.11
Compound Leverage Factor		 10.77 10.90 10.11
Debt to Total Capital		 53.96% 41.49% 18.62%
Short-Term Debt to Total Capital		 1.12% 5.71% 7.93%
Long-Term Debt to Total Capital		 52.83% 35.78% 10.69%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.09% 0.11% 0.15%
Common Equity to Total Capital		 45.95% 58.41% 81.24%
Debt to EBITDA		 5.86 4.90 1.61
Net Debt to EBITDA		 4.06 2.86 -1.61
Long-Term Debt to EBITDA		 5.74 4.22 0.93
Debt to NOPAT		 8.57 7.18 2.32
Net Debt to NOPAT		 5.93 4.20 -2.32
Long-Term Debt to NOPAT		 8.39 6.19 1.33
Noncontrolling Interest Sharing Ratio		 0.10% 0.19% 0.18%
Liquidity Ratios		 - - -
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 -213 153 159
Operating Cash Flow to CapEx		 1,015.85% 1,217.23% 0.00%
Free Cash Flow to Firm to Interest Expense		 -13.84 2.56 2.43
Operating Cash Flow to Interest Expense		 2.53 0.66 0.73
Operating Cash Flow Less CapEx to Interest Expense		 2.28 0.60 0.90
Efficiency Ratios		 - - -
Asset Turnover		 0.04 0.04 0.04
Fixed Asset Turnover		 2.44 2.15 2.10
Capital & Investment Metrics		 - - -
Invested Capital		 642 519 392
Invested Capital Turnover		 0.25 0.21 0.26
Increase / (Decrease) in Invested Capital		 253 -123 -127
Enterprise Value (EV)		 627 500 320
Market Capitalization		 387 374 393
Book Value per Share		 $24.71 $26.31 $27.90
Tangible Book Value per Share		 $21.86 $23.39 $24.99
Total Capital		 642 519 392
Total Debt		 346 215 73
Total Long-Term Debt		 339 186 42
Net Debt		 240 126 -73
Capital Expenditures (CapEx)		 3.82 3.22 -11
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 346 215 73
Total Depreciation and Amortization (D&A)		 9.85 6.85 6.26
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $3.38 $2.57 $2.75
Adjusted Weighted Average Basic Shares Outstanding		 11.94M 11.53M 11.40M
Adjusted Diluted Earnings per Share		 $3.34 $2.56 $2.74
Adjusted Weighted Average Diluted Shares Outstanding		 11.94M 11.53M 11.40M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 11.94M 11.53M 11.40M
Normalized Net Operating Profit after Tax (NOPAT)		 40 30 31
Normalized NOPAT Margin		 30.78% 25.11% 26.55%
Pre Tax Income Margin		 37.51% 31.08% 32.85%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 3.20 0.62 0.60
NOPAT to Interest Expense		 2.63 0.50 0.48
EBIT Less CapEx to Interest Expense		 2.95 0.57 0.77
NOPAT Less CapEx to Interest Expense		 2.38 0.45 0.66
Payout Ratios		 - - -
Dividend Payout Ratio		 25.54% 35.65% 34.63%
Augmented Payout Ratio		 47.40% 73.06% 54.85%

Quarterly Metrics And Ratios for Guaranty Bancshares

This table displays calculated financial ratios and metrics derived from Guaranty Bancshares' official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 13.59% 11.38% -2.39% -1.08% -17.18% -14.55% -4.06% -12.58% 3.91% 11.67%
EBITDA Growth		 13.71% -13.11% -22.91% -13.94% -41.07% -24.27% -16.83% -22.49% 15.83% 55.36%
EBIT Growth		 16.02% -11.72% -22.15% -8.56% -41.74% -26.33% -16.80% -25.01% 18.64% 70.90%
NOPAT Growth		 17.80% -12.45% -22.92% -11.05% -42.29% -26.85% -19.28% -22.48% 17.31% 70.61%
Net Income Growth		 17.80% -12.45% -22.92% -11.05% -42.29% -26.85% -19.28% -22.48% 17.31% 70.61%
EPS Growth		 19.74% -12.00% -21.59% -8.99% -40.66% -21.21% -15.94% -19.75% 20.37% 65.38%
Operating Cash Flow Growth		 -64.19% 67.34% -37.24% 144.05% -340.56% 193.49% -90.44% 107.14% 214.84% -66.08%
Free Cash Flow Firm Growth		 -513.70% -593.74% -70.41% 0.86% 120.68% 152.40% -1,053.68% 275.31% 307.68% 6.81%
Invested Capital Growth		 51.06% 65.16% -0.50% 21.01% -5.50% -19.10% 28.39% -26.21% -27.10% -24.50%
Revenue Q/Q Growth		 3.55% -1.82% -10.19% 8.34% -13.31% 1.30% 0.82% -1.27% 3.04% 8.87%
EBITDA Q/Q Growth		 -1.55% -25.87% 3.33% 14.12% -32.58% -4.74% 13.47% 6.36% 0.74% 27.77%
EBIT Q/Q Growth		 0.19% -26.24% 3.24% 19.85% -36.17% -6.73% 16.60% 8.02% 0.99% 34.36%
NOPAT Q/Q Growth		 1.24% -26.43% 3.22% 15.69% -34.32% -6.74% 13.89% 11.11% -0.59% 35.63%
Net Income Q/Q Growth		 1.24% -26.43% 3.22% 15.69% -34.32% -6.74% 13.89% 11.11% -0.59% 35.63%
EPS Q/Q Growth		 2.25% -27.47% 4.55% 17.39% -33.33% -3.70% 11.54% 12.07% 0.00% 32.31%
Operating Cash Flow Q/Q Growth		 38.14% 89.96% 10.69% -15.98% -236.17% 331.76% -96.39% 1,719.91% -24.51% -31.56%
Free Cash Flow Firm Q/Q Growth		 -101.46% -34.33% 104.12% -989.62% 142.03% 240.29% -174.95% 263.54% -2.26% -10.85%
Invested Capital Q/Q Growth		 20.94% 12.15% -43.48% 57.85% -5.55% -3.99% -10.31% -9.27% -6.69% -0.58%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 46.22% 34.90% 40.15% 42.29% 32.89% 30.93% 34.81% 37.50% 36.66% 43.03%
EBIT Margin		 38.89% 29.22% 33.59% 37.16% 27.36% 25.19% 29.13% 31.87% 31.24% 38.55%
Profit (Net Income) Margin		 31.96% 23.95% 27.53% 29.40% 22.27% 20.50% 23.16% 26.06% 25.15% 31.33%
Tax Burden Percent		 82.18% 81.97% 81.95% 79.11% 81.40% 81.39% 79.51% 81.78% 80.50% 81.25%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 17.82% 18.03% 18.05% 20.89% 18.60% 18.61% 20.49% 18.22% 19.50% 18.75%
Return on Invested Capital (ROIC)		 8.59% 6.10% 9.88% 7.32% 4.98% 4.22% 6.61% 5.98% 6.20% 8.15%
ROIC Less NNEP Spread (ROIC-NNEP)		 8.59% 6.10% 9.88% 7.32% 4.98% 4.22% 6.61% 5.98% 6.20% 8.15%
Return on Net Nonoperating Assets (RNNOA)		 5.36% 4.42% 2.26% 5.87% 4.49% 3.96% 2.43% 3.84% 3.21% 3.78%
Return on Equity (ROE)		 13.95% 10.52% 12.14% 13.19% 9.46% 8.18% 9.04% 9.82% 9.41% 11.93%
Cash Return on Invested Capital (CROIC)		 -31.93% -41.30% 10.94% -11.98% 11.43% 26.29% -18.00% 35.44% 37.19% 34.83%
Operating Return on Assets (OROA)		 1.56% 1.19% 1.34% 1.49% 1.03% 0.92% 1.06% 1.16% 1.14% 1.45%
Return on Assets (ROA)		 1.29% 0.98% 1.10% 1.18% 0.84% 0.75% 0.85% 0.95% 0.92% 1.18%
Return on Common Equity (ROCE)		 13.94% 10.51% 12.12% 13.17% 9.44% 8.16% 9.02% 9.80% 9.39% 11.91%
Return on Equity Simple (ROE_SIMPLE)		 14.43% 0.00% 12.67% 12.39% 10.86% 0.00% 9.30% 8.52% 8.58% 0.00%
Net Operating Profit after Tax (NOPAT)		 11 8.02 8.28 9.58 6.29 5.87 6.68 7.42 7.38 10
NOPAT Margin		 31.96% 23.95% 27.53% 29.40% 22.27% 20.50% 23.16% 26.06% 25.15% 31.33%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 42.96% 45.20% 50.20% 45.10% 52.77% 54.08% 52.64% 51.43% 49.79% 44.36%
Operating Expenses to Revenue		 59.35% 62.42% 66.41% 62.84% 72.64% 74.81% 71.74% 72.34% 70.47% 62.23%
Earnings before Interest and Taxes (EBIT)		 13 9.78 10 12 7.73 7.21 8.40 9.08 9.17 12
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 16 12 12 14 9.29 8.85 10 11 11 14
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.33 1.31 1.05 1.02 1.07 1.23 1.11 1.16 1.21 1.23
Price to Tangible Book Value (P/TBV)		 1.51 1.48 1.18 1.15 1.21 1.39 1.25 1.30 1.36 1.38
Price to Revenue (P/Rev)		 2.99 2.94 2.40 2.33 2.56 3.13 2.88 3.12 3.36 3.31
Price to Earnings (P/E)		 9.20 9.56 8.26 8.25 9.88 12.45 11.97 13.54 14.12 12.45
Dividend Yield		 2.68% 2.72% 3.39% 3.50% 3.31% 2.84% 3.15% 3.04% 2.80% 2.79%
Earnings Yield		 10.87% 10.46% 12.11% 12.11% 10.12% 8.03% 8.36% 7.39% 7.08% 8.03%
Enterprise Value to Invested Capital (EV/IC)		 0.95 0.98 0.60 0.84 0.80 0.96 0.92 0.90 0.76 0.82
Enterprise Value to Revenue (EV/Rev)		 4.24 4.77 1.67 3.70 3.48 4.19 3.62 3.33 2.60 2.70
Enterprise Value to EBITDA (EV/EBITDA)		 8.91 10.61 3.94 9.05 9.24 11.38 10.20 9.79 7.43 7.08
Enterprise Value to EBIT (EV/EBIT)		 10.73 12.73 4.71 10.65 10.89 13.47 12.07 11.73 8.85 8.22
Enterprise Value to NOPAT (EV/NOPAT)		 13.05 15.51 5.76 13.11 13.45 16.68 15.05 14.48 10.95 10.17
Enterprise Value to Operating Cash Flow (EV/OCF)		 15.69 16.14 6.85 12.79 23.08 12.76 14.95 9.71 4.41 6.75
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 5.50 0.00 6.80 3.28 0.00 2.16 1.72 2.02
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.98 1.17 0.21 0.93 0.82 0.71 0.52 0.37 0.24 0.23
Long-Term Debt to Equity		 0.96 1.15 0.16 0.82 0.75 0.61 0.39 0.29 0.14 0.13
Financial Leverage		 0.62 0.72 0.23 0.80 0.90 0.94 0.37 0.64 0.52 0.46
Leverage Ratio		 10.85 10.77 11.05 11.18 11.31 10.90 10.70 10.38 10.27 10.11
Compound Leverage Factor		 10.85 10.77 11.05 11.18 11.31 10.90 10.70 10.38 10.27 10.11
Debt to Total Capital		 49.57% 53.96% 17.23% 48.06% 45.13% 41.49% 34.32% 26.98% 19.03% 18.62%
Short-Term Debt to Total Capital		 1.33% 1.12% 3.68% 5.68% 3.95% 5.71% 8.39% 5.96% 7.90% 7.93%
Long-Term Debt to Total Capital		 48.24% 52.83% 13.56% 42.38% 41.18% 35.78% 25.94% 21.03% 11.13% 10.69%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.10% 0.09% 0.16% 0.10% 0.10% 0.11% 0.12% 0.12% 0.13% 0.15%
Common Equity to Total Capital		 50.33% 45.95% 82.61% 51.84% 54.77% 58.41% 65.56% 72.89% 80.84% 81.24%
Debt to EBITDA		 4.66 5.86 1.13 5.17 5.21 4.90 3.81 2.93 1.86 1.61
Net Debt to EBITDA		 2.62 4.06 -1.72 3.34 2.43 2.86 2.07 0.61 -2.18 -1.61
Long-Term Debt to EBITDA		 4.54 5.74 0.89 4.55 4.76 4.22 2.88 2.29 1.09 0.93
Debt to NOPAT		 6.83 8.57 1.65 7.49 7.59 7.18 5.63 4.34 2.74 2.32
Net Debt to NOPAT		 3.84 5.93 -2.52 4.84 3.54 4.20 3.05 0.91 -3.21 -2.32
Long-Term Debt to NOPAT		 6.64 8.39 1.30 6.60 6.93 6.19 4.25 3.38 1.60 1.33
Noncontrolling Interest Sharing Ratio		 0.10% 0.10% 0.20% 0.20% 0.19% 0.19% 0.18% 0.18% 0.17% 0.18%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -183 -245 10 -90 38 128 -96 158 154 137
Operating Cash Flow to CapEx		 0.00% 959.29% 536.26% 0.00% -853.44% 2,474.42% 128.29% 1,307.44% 5,361.67% 0.00%
Free Cash Flow to Firm to Interest Expense		 -43.68 -33.31 0.84 -6.40 2.29 7.57 -5.61 9.36 9.48 9.12
Operating Cash Flow to Interest Expense		 1.33 1.44 0.98 0.70 -0.81 1.83 0.07 1.21 0.95 0.70
Operating Cash Flow Less CapEx to Interest Expense		 1.35 1.29 0.80 0.83 -0.91 1.75 0.01 1.12 0.93 1.64
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04
Fixed Asset Turnover		 2.37 2.44 2.38 2.36 2.24 2.15 2.10 2.01 2.03 2.10
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 572 642 363 573 541 519 466 423 394 392
Invested Capital Turnover		 0.27 0.25 0.36 0.25 0.22 0.21 0.29 0.23 0.25 0.26
Increase / (Decrease) in Invested Capital		 193 253 -1.82 99 -31 -123 103 -150 -147 -127
Enterprise Value (EV)		 543 627 219 482 432 500 428 380 300 320
Market Capitalization		 382 387 314 304 318 374 340 356 387 393
Book Value per Share		 $24.19 $24.71 $25.09 $25.16 $25.61 $26.31 $26.47 $26.75 $27.95 $27.90
Tangible Book Value per Share		 $21.33 $21.86 $22.25 $22.29 $22.70 $23.39 $23.57 $23.85 $25.04 $24.99
Total Capital		 572 642 363 573 541 519 466 423 394 392
Total Debt		 284 346 63 275 244 215 160 114 75 73
Total Long-Term Debt		 276 339 49 243 223 186 121 89 44 42
Net Debt		 160 240 -96 178 114 126 87 24 -88 -73
Capital Expenditures (CapEx)		 -0.08 1.10 2.18 -1.79 1.57 1.26 0.87 1.56 0.29 -14
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 284 346 63 275 244 215 160 114 75 73
Total Depreciation and Amortization (D&A)		 2.50 1.90 1.97 1.67 1.56 1.64 1.64 1.60 1.59 1.43
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.92 $0.67 $0.69 $0.82 $0.54 $0.52 $0.58 $0.65 $0.65 $0.87
Adjusted Weighted Average Basic Shares Outstanding		 11.94M 11.94M 11.80M 11.57M 11.53M 11.53M 11.52M 11.40M 11.42M 11.40M
Adjusted Diluted Earnings per Share		 $0.91 $0.66 $0.69 $0.81 $0.54 $0.52 $0.58 $0.65 $0.65 $0.86
Adjusted Weighted Average Diluted Shares Outstanding		 11.94M 11.94M 11.80M 11.57M 11.53M 11.53M 11.52M 11.40M 11.42M 11.40M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 11.94M 11.94M 11.80M 11.57M 11.53M 11.53M 11.52M 11.40M 11.42M 11.40M
Normalized Net Operating Profit after Tax (NOPAT)		 11 8.02 8.28 9.58 6.29 5.87 6.68 7.42 7.38 10
Normalized NOPAT Margin		 31.96% 23.95% 27.53% 29.40% 22.27% 20.50% 23.16% 26.06% 25.15% 31.33%
Pre Tax Income Margin		 38.89% 29.22% 33.59% 37.16% 27.36% 25.19% 29.13% 31.87% 31.24% 38.55%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 3.17 1.33 0.84 0.86 0.47 0.42 0.49 0.54 0.56 0.82
NOPAT to Interest Expense		 2.61 1.09 0.69 0.68 0.38 0.35 0.39 0.44 0.45 0.67
EBIT Less CapEx to Interest Expense		 3.19 1.18 0.66 0.99 0.37 0.35 0.44 0.45 0.55 1.76
NOPAT Less CapEx to Interest Expense		 2.63 0.94 0.51 0.81 0.29 0.27 0.34 0.35 0.44 1.61
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 24.35% 25.54% 27.73% 28.87% 33.14% 35.65% 37.74% 40.93% 39.58% 34.63%
Augmented Payout Ratio		 45.61% 47.40% 47.72% 54.80% 65.91% 73.06% 75.82% 66.84% 65.00% 54.85%

Key Financial Trends

Guaranty Bancshares (NASDAQ: GNTY) has demonstrated solid financial growth and operational trends over the past four years, reflected in its quarterly income statements, cash flow statements, and balance sheets. Here’s an overview of the key points from the latest four years that retail investors should note:

  • Consistent Growth in Net Interest Income: Net interest income increased from approximately $23.3 million in Q3 2022 to $26.2 million in Q4 2024, reflecting strong earnings from loans and leases.
  • Increasing Non-Interest Income: Other service charges and net realized & unrealized capital gains on investments have generally trended upward, contributing to the non-interest income reaching about $5.7 million in Q4 2024 from around $4.9 million in Q1 2023.
  • Rising Net Income: Consolidated net income grew from $6.3 million in Q3 2023 to $10.0 million in Q4 2024, indicating improved profitability and operational efficiency.
  • Stable Earnings Per Share Growth: Basic earnings per share increased from $0.54 in Q3 2023 to $0.87 in Q4 2024, showing good returns for shareholders with stable share counts.
  • Robust Cash Flow from Operations: Net cash from operating activities increased significantly in Q4 2024 ($10.5 million) compared to negative operating cash flow in Q3 2023, demonstrating ability to generate positive cash flows.
  • Controlled Expenses: Salaries and employee benefits as well as occupancy and operating expenses have been relatively stable, with non-interest expense around $19.9 million in Q4 2024, aiding in margin preservation.
  • Loan Loss Provisions Turned Positive: Provisions for credit losses were negative (reversals) in late 2024 (-$250k in Q4), improving from positive provisions in prior years, signaling improving loan quality.
  • Loan Portfolio Status: The balance sheet shows $0 for “Loans and Leases, Net of Allowance,” with large “Loans Held for Sale” balances. This indicates a possible business model or portfolio shift toward loan sales.
  • Stable Equity Base: Total common equity remained around $305 million in 2023 and rising modestly to $319 million in Q3 2024, indicating steady capitalization.
  • Volatile Cash Flows and Deposits: Cash flows from investing and financing activities see large swings quarter to quarter, double-digit millions in investment securities purchases and sales. Similarly, deposits and debt issuance/repayment fluctuate significantly, signaling some volatility in funding sources.

In summary, Guaranty Bancshares has shown consistent improvements in profitability and operational efficiency, reflected in growing net interest income, income from other services, and rising net income and EPS. The controlled expense growth and improved credit loss provisions also enhance its earnings quality. However, the company’s balance sheet structure with significant “Loans Held for Sale” and fluctuating cash flows from investing and financing activities suggests some strategic portfolio management and possible revenue model adjustments. Investors may want to watch how Guaranty Bancshares manages its loan portfolio and capital structure going forward to sustain growth and profitability.

08/08/25 06:50 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Guaranty Bancshares' Financials

When does Guaranty Bancshares' financial year end?

According to the most recent income statement we have on file, Guaranty Bancshares' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Guaranty Bancshares' net income changed over the last 2 years?

Guaranty Bancshares' net income appears to be on a downward trend, with a most recent value of $31.49 million in 2024, falling from $40.42 million in 2022. The previous period was $30.01 million in 2023. Check out Guaranty Bancshares' forecast to explore projected trends and price targets.

How has Guaranty Bancshares' revenue changed over the last 2 years?

Over the last 2 years, Guaranty Bancshares' total revenue changed from $131.31 million in 2022 to $118.62 million in 2024, a change of -9.7%.

How much debt does Guaranty Bancshares have?

Guaranty Bancshares' total liabilities were at $2.80 billion at the end of 2024, a 2.9% decrease from 2023, and a 8.5% decrease since 2022.

How much cash does Guaranty Bancshares have?

In the past 2 years, Guaranty Bancshares' cash and equivalents has ranged from $47.42 million in 2024 to $52.39 million in 2022, and is currently $47.42 million as of their latest financial filing in 2024.

How has Guaranty Bancshares' book value per share changed over the last 2 years?

Over the last 2 years, Guaranty Bancshares' book value per share changed from 24.71 in 2022 to 27.90 in 2024, a change of 12.9%.


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This page (NASDAQ:GNTY) was last updated on 8/8/2025 by MarketBeat.com Staff
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