Guaranty Federal Bancshares Inc. Reports Earnings Results for the Fourth Quarter and Year Ended December 31, 2015
January 21, 2016 at 11:00 pm IST
Guaranty Federal Bancshares Inc. reported earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, the company reported net income available to common shareholders of $1,431,000 against $1,782,000 a year ago. Diluted income per common share was $0.33 against $0.41 per share a year ago. Annualized return on average assets was 0.88% against 1.14% a year ago. Annualized return on average equity was 8.58% against 11.67% a year ago. Tangible book value per common share was $15.27 against $14.30 per share a year ago. The decline in annual earnings per common share was due to the increase in average common shares for 2015. Income before income taxes was $1,986,000 against $2,440,000 a year ago. Operating income was $2,326,000 against $2,818,000 a year ago. Net interest income was $5,257,000 against $5,387,000 a year ago.
For the year, the company reported net income of $5,717,000 against $5,782,000 a year ago. Income before income taxes was $8,178,000 against $7,895,000 a year ago. Operating income was $8,875,000 against $9,349,000 a year ago. Net interest income was $20,909,000 against $20,685,000 a year ago. Net income per share diluted was $1.30 against $1.33 per share a year ago. Annualized return on average assets was 0.88% against 0.93% a year ago. Annualized return on average equity was 8.81% against 9.67% a year ago.