Guaranty Bancshares, Inc. reported a net income of $18.6 million for the six months ended June 30, 2025, a 32.5% increase from $14.1 million in the same period of 2024. This growth translated to basic earnings per share of $1.64, up from $1.23 year-over-year. The company's net interest income before provision for credit losses rose to $54.4 million, a 14.6% increase from $47.5 million in the prior year, primarily driven by a decrease in interest expenses and an increase in net interest margin, which improved from 3.21% to 3.70%.
Total assets increased by $28.6 million, or 0.9%, to $3.14 billion as of June 30, 2025, compared to $3.12 billion at the end of 2024. This growth was mainly attributed to a $54.5 million increase in federal funds sold and a $10.3 million rise in gross loans, which reached $2.14 billion. The company’s loan portfolio saw a slight increase, with total loans held for investment rising by 0.5% from the previous period. However, the commercial and industrial loan segment experienced a significant decline of 17.4%, while construction and development loans increased by nearly 14%.
Guaranty Bancshares also reported a healthy capital position, with total equity rising to $331.8 million, a 4.0% increase from $319.1 million at the end of 2024. The increase was driven by net income, other comprehensive income related to unrealized losses on investment securities, and stock option exercises, partially offset by treasury stock repurchases and dividends paid. The company maintained a strong liquidity ratio of 18.8% and was classified as "well capitalized" under regulatory standards.
In terms of operational metrics, Guaranty Bancshares had 91,436 total deposit accounts with an average balance of $29,622 as of June 30, 2025. Total deposits increased by $16.3 million, or 0.6%, to $2.71 billion, with noninterest-bearing deposits representing 31.6% of total deposits. The company also announced a merger agreement with Glacier Bancorp, Inc., expected to close in the fourth quarter of 2025, which is anticipated to enhance its market presence and operational capabilities.
About GUARANTY BANCSHARES INC /TX/
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