Last $13.91 USD
Change Today -0.06 / -0.43%
Volume 12.8K
GBNK On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

guaranty bancorp (GBNK) Key Developments

Guaranty Bancorp Declares Quarterly Cash Dividend, Payable on May 23, 2014

Guaranty Bancorp announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per common share. The dividend is payable on May 23, 2014 to stockholders of record as of the close of business on May 16, 2014.

Guaranty Bancorp Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Reports Net Charge-Offs for the First Quarter of 2014

Guaranty Bancorp reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company’s total interest income was $17,881,000 compared to $17,330,000 a year ago. Net interest income was $16,259,000 against $15,378,000 for the same period a year ago. Income before income taxes was $5,285,000 compared to $3,136,000 a year ago. Net income was $3,542,000 compared to $2,272,000 a year ago. Diluted earnings per share were $0.17 compared to $0.11 a year ago. Book value per common share at March 31, 2014 was $8.99 against $8.86 at March 31, 2013. Tangible book value per common share at March 31, 2014 was $8.72 against $8.46 at March 31, 2013. Pre-tax operating earnings per basic and diluted common share were $0.25 compared to $0.20 a year ago. Pre-tax operating earnings were $5,310,000 compared to $4,099,000 a year ago. Return on average assets was 0.75% against 0.51% a year ago. The $1.3 million increase in net income and the $1.2 million increase in pre-tax operating earnings in the first quarter 2014 as compared to the same quarter in the prior year was primarily due to a $0.6 million improvement in interest income, attributable to growth in average loan balances, combined with a $0.3 million decrease in interest expense, mostly due to the first quarter 2013 redemption of certain high-cost trust preferred securities and related subordinated debentures. The significant increase in net income for the first quarter of 55.9% as compared to the same quarter in 2013 was driven by the company's steady net loan growth. The increase in interest income in the first quarter 2014 as compared to the same quarter in 2013 was primarily due to a $166.8 million, or 14.3% increase in average loan balances which were partially funded with low-yielding overnight cash. Adjusted net interest income was $16,654,000 against $15,864,000 for the same period a year ago. For the first quarter of 2014, net charge-offs was $551,000.

Guaranty Bancorp, Annual General Meeting, May 06, 2014

Guaranty Bancorp, Annual General Meeting, May 06, 2014., at 13:00 US Mountain Standard Time. Location: 1331 Seventeenth Street. 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 hold a vote on the ratification of the appointment of Crowe Horwath LLP as the company's independent registered public accounting firm for the year ending December 31, 2014; 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 Feb. 25, 2014

Guaranty Bancorp announced Feb. 6 that its board declared a quarterly cash dividend of 5 cents per common share - a 100% increase from the prior quarterly dividend of 2.5 cents per common share. The dividend is payable Feb. 25 to stockholders of record as of the close of business on Feb. 18, 2014.

Guaranty Bancorp Declares Quarterly Cash Dividend, Payable on February 25, 2014

Guaranty Bancorp announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per common share. This dividend is a 100% increase from the prior quarterly dividend of $0.025 per common share. The dividend is payable on February 25, 2014 to stockholders of record as of the close of business on February 18, 2014.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
GBNK:US $13.91 USD -0.06

GBNK Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Bank of Marin Bancorp $45.00 USD +0.10
Heritage Commerce Corp $8.10 USD +0.01
Pacific Continental Corp $13.50 USD -0.11
Sierra Bancorp $15.58 USD -0.08
Trico Bancshares $23.62 USD -0.09
View Industry Companies
 

Industry Analysis

GBNK

Industry Average

Valuation GBNK Industry Range
Price/Earnings 19.2x
Price/Sales 3.7x
Price/Book 1.5x
Price/Cash Flow 20.7x
TEV/Sales 0.7x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact GUARANTY BANCORP, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.