Guaranty Bank announces year-end financial figures

Year-end net income per diluted share totaled $2.03, up 38 percent from 2004 totals. The growth was just as strong in the fourth quarter, when net income per diluted share totaled 56 cents, up 44 percent from the fourth quarter of 2004.

The bank also increased its assets by $40 million, or 9 percent, over the previous year, and deposits increased by 8 percent, or $24 million.

The company announced that its plan to repurchase 300,000 shares of common stock, announced in November 2002, is almost complete, as more than 261,000 shares have been repurchased at an average cost of $21.63 per share.

Guaranty Federal Bancshares (Nasdaq: GFED) closed the trading day Jan. 13 at $28.05 per share, compared to a 52-week range of $21.93 to $28.26.