Guaranty Bancshares, Inc. (GNTY) Financial Statements (2024 and earlier)

Company Profile

Business Address 201 SOUTH JEFFERSON AVENUE
MOUNT PLEASANT, TX 75455
State of Incorp. TX
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments59,19267,630132,96645,46871,51091,428
Cash and cash equivalents59,19267,630132,96645,46871,51091,428
Total current assets:59,19267,630132,96645,46871,51091,428
Noncurrent Assets
Operating lease, right-of-use asset12,89614,37613,29111,554
Property, plant and equipment54,29153,47055,21253,43152,22743,818
Intangible assets, net (including goodwill)34,01934,47335,15936,01336,86621,466
Goodwill32,16032,16032,16032,16032,16018,742
Intangible assets, net (excluding goodwill)1,8592,3132,9993,8534,7062,724
Regulated entity, other noncurrent assets564     
Total noncurrent assets:101,770102,319103,662100,99889,09365,284
Other undisclosed assets3,190,5332,916,1212,504,2042,171,9782,106,3671,805,912
TOTAL ASSETS:3,351,4953,086,0702,740,8322,318,4442,266,9701,962,624
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt7,22114,15115,63111,10012,22812,879
Total current liabilities:7,22114,15115,63111,10012,22812,879
Noncurrent Liabilities
Other undisclosed liabilities3,048,7162,769,7052,452,5582,045,7932,010,1591,742,400
Total liabilities:3,055,9372,783,8562,468,1892,056,8932,022,3871,755,279
Equity
Equity, attributable to parent294,984302,214272,643261,551244,583207,345
Common stock14,20914,13912,95212,90512,83511,921
Treasury stock, value(60,257)(51,419)(51,419)(34,492)(24,352)(20,087)
Additional paid in capital227,727225,544188,032186,692185,174155,601
Accumulated other comprehensive income (loss)(24,260)6,3059,629(1,793)(9,162)(6,127)
Retained earnings137,565107,645113,44998,23980,08866,037
Equity, attributable to noncontrolling interest574     
Total equity:295,558302,214272,643261,551244,583207,345
TOTAL LIABILITIES AND EQUITY:3,351,4953,086,0702,740,8322,318,4442,266,9701,962,624

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues125,816108,078109,876105,41190,76677,676
Net investment income123,209102,550103,042102,56188,45871,782
Cost of revenue   (13,200)(1,250)(2,250)(2,850)
Provision for loan, lease, and other losses   (13,200)(1,250)(2,250)
Financial services costs(2,850)
Gross profit:125,816108,07896,676104,16188,51674,826
Operating expenses(11,129)(10,944)(10,220)(9,834)(8,398)(34,478)
Other operating income, net
(Noninterest Income, Other Operating Income)
9,4698,55913,13910,4199,4458,385
Operating income:124,156105,69399,595104,74689,56348,733
Interest and debt expense(15,380)(6,992)(13,060)(23,691)(19,542)(12,152)
Income from continuing operations before equity method investments, income taxes:108,77698,70186,53581,05570,02136,581
Other undisclosed loss from continuing operations before income taxes(59,519)(50,145)(53,238)(48,998)(44,826)(13,904)
Income from continuing operations before income taxes:49,25748,55633,29732,05725,19522,677
Income tax expense(8,834)(8,750)(5,895)(5,778)(4,599)(8,238)
Income from continuing operations:40,42339,80627,40226,27920,59614,439
Income before gain (loss) on sale of properties:39,80627,40226,27920,59614,439
Net income:40,42339,80627,40226,27920,59614,439
Net income attributable to noncontrolling interest24     
Net income available to common stockholders, diluted:40,44739,80627,40226,27920,59614,439

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:40,42339,80627,40226,27920,59614,439
Other undisclosed comprehensive loss(30,565)     
Comprehensive income:9,85839,80627,40226,27920,59614,439
Comprehensive income, net of tax, attributable to noncontrolling interest24     
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  (3,324)11,4227,369(2,549)360
Comprehensive income, net of tax, attributable to parent:9,88236,48238,82433,64818,04714,799

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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