secwatch.observer — SEC 8-K summary
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Issuer:     GUARANTY BANCSHARES INC /TX/ (—)
CIK:        0001058867
Form:       8-K
Filed at:   2024-04-15T23:59:59+00:00
Accession:  0000950170-24-044265
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Guaranty Bancshares Q1 net income $6.7M ($0.58/sh), dividend raised to $0.24; NIM improves to 3.16%
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- Net income available to common $6.7M, $0.58 basic vs $0.51 Q4 2023 and $0.69 Q1 2023.
- Net interest margin (FTE) improved to 3.16% from 3.11% Q4 2023; loan yield rose to 6.21% from 6.06%.
- Noninterest income boosted by $499K SBA loan recoveries; total noninterest income $5.3M vs $4.9M Q1 2023.
- Nonperforming assets rose to 0.68% of assets from 0.18% Q4 2023, mainly due to $14.9M OREO foreclosure in South Austin.
- Board increased quarterly dividend to $0.24/share from $0.23; paid down $25M brokered CDs and FHLB borrowings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1058867/000095017024044265/0000950170-24-044265-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1058867/000095017024044265/gnty-20240415.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-044265

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