Guaranty Bancshares Full Year 2023 Earnings: Beats Expectations

Guaranty Bancshares (NYSE:GNTY) Full Year 2023 Results

Key Financial Results

• Revenue: US$119.5m (down 7.5% from FY 2022).
• Net income: US$30.0m (down 26% from FY 2022).
• Profit margin: 25% (down from 31% in FY 2022).
• EPS: US$2.57 (down from US$3.38 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Guaranty Bancshares Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 3.4%.

Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 4.8% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are up 4.8% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Guaranty Bancshares (including 1 which is significant).

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