Last $13.05 USD
Change Today -0.25 / -1.88%
Volume 45.5K
GBNK On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

guaranty bancorp (GBNK) Snapshot

Open
$13.15
Previous Close
$13.30
Day High
$13.85
Day Low
$12.93
52 Week High
11/29/13 - $15.58
52 Week Low
09/6/13 - $11.17
Market Cap
296.4M
Average Volume 10 Days
20.2K
EPS TTM
$0.73
Shares Outstanding
21.7M
EX-Date
05/14/14
P/E TM
17.9x
Dividend
$0.20
Dividend Yield
1.15%
Current Stock Chart for GUARANTY BANCORP (GBNK)

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guaranty bancorp (GBNK) Details

Guaranty Bancorp operates as the bank holding company for Guaranty Bank and Trust Company that provides various banking products and services to consumers, and small to medium-sized businesses. The company offers various deposit products, such as demand, interest-bearing demand, NOW, money market, IRA, and time deposits, as well as saving accounts and certificates of deposit. Its loan portfolio includes commercial and industrial, commercial and residential real estate, construction, agriculture, and small business administration loans, as well as overdrafts and lines-of-credit. The company also provides wealth management services, including private banking, investment management, and trust services. As of December 31, 2013, it operated 27 branches and 1 investment advisory firm located in Colorado’s Front Range, including the Denver metropolitan area. The company was formerly known as Centennial Bank Holdings, Inc. and changed its name to Guaranty Bancorp in May 2008. Guaranty Bancorp is based in Denver, Colorado.

349 Employees
Last Reported Date: 02/19/14

guaranty bancorp (GBNK) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $440.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $235.0K
President of Guaranty Bank & Trust Company
Total Annual Compensation: $300.0K
Chief Credit Officer, Executive Vice Presiden...
Total Annual Compensation: $255.0K
Executive Vice President of Business Banking
Total Annual Compensation: $195.0K
Compensation as of Fiscal Year 2013.

guaranty bancorp (GBNK) Key Developments

Guaranty Bancorp Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Announces Impairment Charges for the Second Quarter Ended June 30, 2014

Guaranty Bancorp reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. The company reported second-quarter earnings that came in line with Wall Street's estimates. Net income rose to $4.1 million or $0.19 per diluted share, in the April-to-June period, from 3.8 million, or $0.18 per diluted share, in the year-earlier period. The company's pre-tax operating earnings were $6.1 million or $0.29 per basic and diluted common share, compared to $5.2 million, an increase of $0.9 million or $0.04 per basic and diluted common share as compared to the same quarter in 2013. The $0.9 million increase in pre-tax operating earnings in the second quarter 2014 as compared to the same quarter in the prior year was primarily due to a $1.3 million improvement in interest income, attributable to growth in average loan balances of $184.8 million, combined with a $0.3 million increase in investment management and trust income. Net interest income improved $1.3 million to $17.1 million in the second quarter 2014 as compared to the same quarter in 2013 due to an increase in interest income primarily driven by a $184.8 million, or 15.2% increase in average loan balances. Total interest income was $18.73 million, compared to $17.45 million for the last year. Income before income taxes was $5.96 million, compared to $5.57 million for the last year. Return on average assets was 0.83% against 0.83% a year ago. For the six months ended June 30, 2014, net income was $7.6 million or $0.36 per basic and diluted common share, compared to $6.1 million, an increase of $1.5 million, or $0.07 per basic and diluted common share for the same period in 2013. Pre-tax operating earnings were $11.4 million or $0.55 per basic and $0.54 per diluted common share for six month period ended June 30, 2014, compared to $9.3 million, an increase of $2.1 million or $0.10 per basic and $0.09 per diluted common share for the same period in 2013. The $2.1 million increase in pre-tax operating earnings for the six months ended June 30, 2014 as compared to the same period in the prior year was the result of a $1.8 million increase in interest income, mostly related to growth in average loan balances of $175.8 million combined with a $0.4 million decrease in interest expense primarily due to the early redemption of certain trust preferred securities during the first quarter 2013. Net interest income improved by $2.2 million for the six months ended June 30, 2014 to $33.3 million compared to $31.1 million during the same period in 2013. The increase in net interest income was the result of a $1.8 million increase in interest income combined with a $0.4 million decline in interest expense. The increase in interest income was driven by a $175.8 million increase in average loan balances for the six months ended June 30, 2014 as compared to the same period in 2013. Book value per common share was $9.27 as on June 30, 2014, compared to $8.66 as on June 30, 2013. Total interest income was $36.61 million, compared to $34.78 million for the last year. Income before income taxes was $11.25 million, compared to $8.71 million for the last year. Return on average assets was 0.79% against 0.67% a year ago. For the quarter, impairment of long-lived assets was $110,000. Net charge-offs were $581,000.

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.

 

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Industry Analysis

GBNK

Industry Average

Valuation GBNK Industry Range
Price/Earnings 17.6x
Price/Sales 3.4x
Price/Book 1.4x
Price/Cash Flow 19.0x
TEV/Sales NM Not Meaningful
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