Guaranty Bancshares — Q2 2024 Earnings Presentation
10 slides from Guaranty Bancshares's earnings presentation, Jul 15, 2024
Slide 1: Investor Presentation 2nd Quarter 2024
INVESTOR PRESENTATION NYSE: GNTY 2ND QUARTER 2024
Slide 2: Safe Harbor Statement About Guaranty Bancshares, Inc.
SAFE HARBOR STATEMENT ABOUT GUARANTY BANCSHARES, INC. Guaranty Bancshares, Inc. is the parent company for Guaranty Bank & Trust, N.A. Guaranty Bank & Trust has 33 banking locations across 26 Texas communities located within the East Texas, Dallas/Fort Worth, Houston and Central Texas regions of the
Slide 3: Safe Harbor Statement
SAFE HARBOR STATEMENT This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect our current views with respect to, among other things, future events and our results of operations, financi
Slide 4: Quarterly Highlights
QUARTERLY HIGHLIGHTS Ty Abston CEO and Chairman of the Board Shalene Jacobson EVP and Chief Financial Officer
Slide 5: Q2 2024 – Financial Results
Q2 2024 – FINANCIAL RESULTS EARNINGS, ROAA AND NIM BALANCE SHEET NONINTEREST INCOME AND EXPENSE Total assets were $3.08 billion at Jun 30, 2024, compared to $3.18 billion at Dec 31, 2023 Total gross loans were $2.21 billion at Jun 30, 2024, compared to $2.32 billion at Dec 31, 2023 Gross loans decre
Slide 6: Loan Portfolio & Credit Quality
ACL Reverse provision for credit losses of $1.2 million in 2Q24; $1.45 million in the first half of 2024 Reduction in gross loan balances and stable credit trends Minimal qualitative factor adjustments in 2Q24 Allowance for credit losses (ACL) coverage is 1.32% at Jun 30, 2024 and 1.33% at Dec 31, 2
Slide 7: Q2 2024 – Deposits, Liquidity & Capital
DEPOSITS Granular deposits: 89,370 total deposit accounts with an average balance of $29,385 Uninsured deposits, excluding public funds and GNTY-owned accounts, are 25.70% of total deposits Total deposits decreased by $1.7 million during 2Q24. DDA balances decreased $11.1 million, savings and MMDA b
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Slide 9: Reconciliation of Non-GAAP Financial Measures
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES Net Unrealized Loss on Securities, Tax Effected, as a Percentage of Total Equity (dollars in thousands) June 30, 2024 Total equity(1) $ 308,570 Less: net unrealized loss on HTM securities, tax effected (25,019) Total equity, including net unrealized loss
Slide 10: Reconciliation of Non-GAAP Financial Measures
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES Cost of Total Deposits Quarter Ended (dollars in thousands) June 30, 2024 March 31, 2024 June 30, 2023 Total average interest-bearing deposits $ 1,795,958 $ 1,789,119 $ 1,653,237 Adjustments: Noninterest-bearing deposits 818,290 823,638 948,083 Total ave