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Last $15.98 USD
Change Today -0.30 / -1.84%
Volume 100.3K
GBNK On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 5:20 PM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

guaranty bancorp (GBNK) Key Developments

Guaranty Bancorp Declares Quarterly Cash Dividend

Guaranty Bancorp announced doubled quarterly cash dividend to $0.10 per share during the quarter as compared to the first quarter 2014.

Guaranty Bancorp Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Announces Net Charge-Offs for the First Quarter Ended March 31, 2015

Guaranty Bancorp announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net interest income of $18,777,000 against $16,259,000 a year ago. Income before income taxes was $7,645,000 against $5,285,000 a year ago. Net income was $5,084,000 or $0.24 basic and diluted per share against $3,542,000 or $0.17 basic and diluted per share a year ago, due to a $2.0 million improvement in interest income; a $0.5 million decline in interest expense and a $0.5 million increase in noninterest income. Return on average assets as on March 31, 2015 0.98% against 0.75% as at March 31, 2014. Return on average equity as on March 31, 2015 9.81% against 7.43% as at March 31, 2014. Book value per common share was $9.71 as at March 31, 2015. Pre-tax operating earnings were $7,663,000 against $5,310,000 a year ago. Pre-tax operating earnings per common diluted share were $0.36 against $0.25 a year ago. The $2.5 million increase in net interest income as compared to the first quarter of 2014, was due to a $2.0 million increase in interest income, driven by a 14.9% increase in average loan balances and a $0.5 million decrease in interest expense, driven by the prepayment of FHLB term advances. The $2.0 million increase in interest income was driven by a $198.5 million increase in average loans for the quarter ended March 31, 2015 combined with a $0.7 million increase in loan fees as compared to the first quarter of 2014. The company experienced significant improvement in key operating metrics in the first quarter 2015 primarily due to continued loan and deposit growth and a strategic decision to significantly lower its cost of funds by prepaying $90 million in FHLB term advances at the end of 2014 For the quarter, the company reported net charge-offs of $33,000 against $551,000 a year ago.

Guaranty Bancorp, Annual General Meeting, May 05, 2015

Guaranty Bancorp, Annual General Meeting, May 05, 2015., at 13:00 US Mountain Standard Time. Location: Monarch Room of the Ritz Carlton Hotel. Agenda: To elect nine members of the board of directors who shall hold office until the next annual meeting of stockholders and until their successors are elected and qualified; to consider the company’s 2015 long-term incentive plan; to consider the ratification of the appointment of Crowe Horwath LLP as the company’s independent registered public accounting firm for the year ending December 31, 2015; and to consider and act upon such other business and matters or proposals as may properly come before the annual meeting or any postponements or adjournments thereof.

Guaranty Bancorp Declares Quarterly Cash Dividend, Payable on February 27, 2015

Guaranty Bancorp announced that its board of directors has declared a quarterly cash dividend of $0.10 per common share. This represents a 100% increase over the previous dividend of $0.05 per common share. The dividend is payable on February 27, 2015 to stockholders of record as of the close of business on February 20, 2015.

Guaranty Bancorp Presents at Sterne Agee Financial Institutions Investor Conference 2015, Feb-11-2015

Guaranty Bancorp Presents at Sterne Agee Financial Institutions Investor Conference 2015, Feb-11-2015 . Venue: Boca Raton Resort & Club, 501 East Camino Real, Boca Raton, FL 33432, United States.

 

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GBNK Competitors

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Industry Analysis

GBNK

Industry Average

Valuation GBNK Industry Range
Price/Earnings 22.8x
Price/Sales 3.9x
Price/Book 1.6x
Price/Cash Flow 23.5x
TEV/Sales 1.4x
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