guaranty federal bncshs inc (GFED) Snapshot

Guaranty Federal Bancshares Inc., Annual General Meeting, May 22, 2013., at 18:00 Central Standard Time. Location: Guaranty Bank Operations Center. Agenda: To consider the election of three directors; to consider the advisory (non-binding) proposal on executive compensation; to consider the ratification of BKD, LLP as independent registered public accounting firm to the company for the fiscal year ending December 31, 2013; to consider such other matters as may come properly before the meeting or any adjournments thereof.

Guaranty Federal Bancshares Inc. announced preliminary earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net income was $953,000 as compared to $834,000 for the same quarter in 2012. Diluted earnings per common share was $0.25, an increase from the $0.20 per diluted common share during the same quarter in 2012. Annualized return on average assets increased to 0.59% compared to 0.52% for the same quarter in 2012. Annualized return on average equity increased to 7.47% compared to 6.08% for the same quarter in 2012. Book value per common share was $14.49 as of March 31, 2013, an increase of $0.15 as compared to December 31, 2012. Operating income was $1,799,000 against $1,878,000 a year ago. Total interest income was $6,419,000 against $6,866,000 a year ago. Net interest income was $4,991,000 against $5,016,000 a year ago. Income before income taxes was $1,185,000 against $915,000 a year ago. Net income available for common shareholders was $754,000 against $553,000 a year ago.

Guaranty Federal Bancshares Inc. announced earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company’s net interest income was $5,475,000 compared to $5,489,000 for the same period in 2011. Net interest income after provision for loan losses was $5,125,000 compared to $4,939,000 for the same period in 2011. Income before income taxes was $1,929,000 compared to $1,549,000 for the same period in 2011. Net income available to common shareholders was $1,283,000 compared to $1,026,000 for the same period in 2011. Net income available to common shareholders was $1,283,000 or $0.45 per diluted share compared to $1,026,000 or $0.38 per basic and diluted share for the same period in 2011. Annualized return on average assets was 0.91% compared to 0.80% for the same period in 2011. Annualized return on average equity was 11.73% compared to 9.52% for the same period in 2011. For the year, the company’s net interest income was $20,748,000 compared to $20,765,000 for the same period in 2011. Net interest income after provision for loan losses was $14,798,000 compared to $17,415,000 for the same period in 2011. Income before income taxes was $1,813,000 compared to $4,539,000 for the same period in 2011. Net income available to common shareholders was $868,000 or $0.30 per diluted share compared to $2,710,000 or $1.01 per diluted share for the same period in 2011. Annualized return on average assets was 0.30% compared to 0.57% for the same period in 2011. Annualized return on average equity was 3.67% compared to 7.08% for the same period in 2011. Book value per common share was $14.34 as of December 31, 2012, an increase of $0.27 as compared to December 31, 2011.