YOUR BUSINESS AUTHORITY

Springfield, MO

Guaranty Bank starts year with earnings gain

Posted online
Guaranty Federal Bancshares Inc. (Nasdaq: GFED) posted first-quarter net income available to common shareholders of $1.43 million, a 12 percent increase over $1.28 million a year earlier.

The Springfield-based holding company of Guaranty Bank reported a 3-cent uptick in diluted share earnings to 32 cents, according to a news release.

First-quarter financial notes:
    •    Net loans rose by $47 million, largely driven by commercial real estate.
    •    The company’s Joplin loan production office produced $13.3 million in new loan growth, bringing its total to $37.2 million since it opened in April 2016.
    •    Total interest income rose 9 percent to $6.8 million.

As of March 31, Guaranty’s assets were $732.1 million and its deposits were $551.4 million. The company operates nine branches in Greene and Christian counties and loan production offices in Jasper and Webster counties, according to the release.

GFED shares were trading at $19.88 as of 8:30 a.m., compared with a 52-week range of $15.50 to $21.95.

[[In-content Ad]]

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick

Bitcoin Bonanza: Cryptocurrency profits draw investors in the Ozarks

Sharply rising prices and a growing variety of cryptocurrencies are motivating people to get on the investment bandwagon.

Most Read
SBJ Live logo
MOST-WATCHED VIDEOS
From Cutbacks to Cutting Tracks

“Every day you’ve gotta wake up and say, ‘I’ve gotta make money today,’ says, Ricky Smiley, Founder and Producer of Smiley Records, LLC. When Smiley was laid off from a job he held for 18 …

Consistent Marketing  “Marketing for a company can be very interesting, in the sense that it’s hard to stand out in the crowd from everyone else,” says Alisa Lawler, Vice President of Marketing and Business …
Booked - The 7 Habits of Highly Effective People “I think it’s a really great book and I wish I had read it earlier in my career,” says Candida Deckard, the Director of Human Resources and Safety at CNH Industrial Reman and one of Springfield …
From Concept to Completion “Every day we’re still learning. We’re not perfect, but we’re trying to get there,” says Cosmo Kwon, Co-Owner of Hinode in Nixa, Mo. Kwon says there is a huge difference in purchasing an …
Building on Each Other’s Strengths “To be good at business, or whatever you do, you need know what you can do and what you’re not good at,” says Eric Jones, co-owner of United States of Apparel. “When you’re not good at …