Guaranty Bancshares — Q3 2024 Earnings Presentation
10 slides from Guaranty Bancshares's earnings presentation, Oct 21, 2024
Slide 1: Investor Presentation 3rd Quarter 2024
INVESTOR PRESENTATION NYSE: GNTY 3RD 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: Q3 2024 – Financial Results
Q3 2024 – FINANCIAL RESULTS EARNINGS, ROAA AND NIM BALANCE SHEET NONINTEREST INCOME AND EXPENSE Total assets were $3.10 billion at Sep 30, 2024, compared to $3.18 billion at Dec 31, 2023 Total gross loans were $2.14 billion at Sep 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 $500,000 in 3Q24 and $1.95 million reversal YTD Reduction in gross loan balances and stable credit trends No qualitative factor adjustments in 3Q24 Allowance for credit losses (ACL) coverage is 1.34% at Sep 30, 2024 and 1.33% at Dec 31, 2023 LOAN PORTFOLIO
Slide 7: Q3 2024 – Deposits, Liquidity & Capital
DEPOSITS Granular deposits: 89,878 total deposit accounts with an average balance of $29,695 Uninsured deposits, excluding public funds and GNTY-owned accounts, are 26.3% of total deposits Total deposits increased by $42.8 million during 3Q24. Time deposit and DDA balances increased $24.5 million an
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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) September 30, 2024 Total equity(1) $ 319,293 Less: net unrealized loss on HTM securities, tax effected (17,852) Total equity, including net unrealized
Slide 10: Reconciliation of Non-GAAP Financial Measures
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES Cost of Total Deposits Quarter Ended (dollars in thousands) September 30, 2024 June 30, 2024 September 30, 2023 Total average interest-bearing deposits $ 1,821,395 $ 1,795,958 $ 1,726,218 Adjustments: Noninterest-bearing deposits 800,573 818,290 888,772