Guaranty bancorp (GBNK)
Income statement / TTM
Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Interest income:
Loans, including costs and fees

130,893

127,970

123,397

118,674

114,313

105,706

95,787

87,249

78,645

74,179

72,236

70,188

68,060

66,567

64,891

62,819

61,270

59,421

58,087

57,435

56,976

56,519

56,926

57,326

57,575

58,445

58,933

59,985

64,445

68,994

0

0

0

Investment securities:
Taxable

10,135

9,704

9,505

9,264

9,063

8,583

7,980

7,625

7,514

7,837

8,162

8,325

8,448

8,671

8,969

9,178

9,432

9,553

9,499

9,432

9,122

8,574

8,618

8,746

9,060

10,053

10,605

11,277

10,802

9,564

0

0

0

Tax-exempt

4,879

4,906

4,919

4,933

4,937

4,675

4,189

3,683

3,178

2,926

2,881

2,852

2,834

2,806

2,765

2,708

2,699

2,727

2,842

2,990

2,989

2,902

2,734

2,558

2,449

2,315

2,194

2,066

2,166

2,372

0

0

0

Dividends

1,499

1,368

1,324

1,290

1,245

1,207

1,141

1,063

1,064

1,076

1,048

959

909

874

860

807

791

746

677

664

651

646

629

631

633

635

645

653

680

696

0

0

0

Federal funds sold and other

148

179

152

141

204

245

237

233

106

10

9

6

9

8

8

8

14

19

84

117

206

305

296

304

276

257

285

332

338

355

0

0

0

Total interest income

147,554

144,127

139,297

134,302

129,762

120,416

109,334

99,853

90,507

86,028

84,336

82,330

80,260

78,926

77,493

75,520

74,206

72,466

71,189

70,638

69,944

68,946

69,203

69,565

69,993

71,705

72,662

74,313

78,431

81,981

0

0

0

Interest expense:
Deposits

10,316

9,069

8,078

7,344

6,822

6,111

5,389

4,859

4,222

3,860

3,546

3,207

2,951

2,732

2,552

2,464

2,407

2,390

2,435

2,490

2,573

2,640

2,736

2,878

3,063

3,719

4,894

6,746

9,556

12,197

0

0

0

Securities sold under agreement to repurchase

94

87

75

71

69

66

59

52

45

43

44

45

44

42

43

40

37

38

39

49

61

72

73

67

59

57

62

74

86

100

0

0

0

Federal funds purchased

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings

3,902

3,287

2,939

2,648

2,636

2,741

2,697

2,549

2,445

2,184

1,709

1,285

1,655

2,142

2,766

3,403

3,437

3,458

3,425

3,407

3,386

3,340

3,318

3,327

3,327

3,789

4,265

4,727

5,220

5,235

0

0

0

Subordinated debentures

3,631

3,562

3,485

3,440

3,408

3,255

2,624

2,005

1,373

863

840

814

807

804

801

800

801

803

839

1,122

1,528

2,049

2,587

2,882

3,025

3,020

2,957

2,872

2,804

2,663

0

0

0

Total interest expense

17,999

16,028

14,577

13,503

12,935

12,173

10,769

9,465

8,085

6,950

6,139

5,351

5,457

5,720

6,162

6,707

6,682

6,689

6,738

7,068

7,548

8,101

8,714

9,154

9,474

10,585

12,178

14,419

17,666

20,195

0

0

0

Net interest income

129,555

128,099

124,720

120,799

116,827

108,243

98,565

90,388

82,422

79,078

78,197

76,979

74,803

73,206

71,331

68,813

67,524

65,777

64,451

63,570

62,396

60,845

60,489

60,411

60,519

61,120

60,484

59,894

60,765

61,786

0

0

0

Provision for loan losses

1,208

1,499

1,175

992

798

328

132

143

45

32

135

96

103

86

-3

14

157

0

0

-

0

-

-

-2,000

2,500

3,500

4,000

5,000

6,500

13,900

0

0

0

Net interest income, after provision for loan losses

128,347

126,600

123,545

119,807

116,029

107,915

98,433

90,245

82,377

79,046

78,062

76,883

74,700

73,120

71,334

68,799

67,355

65,463

64,161

63,274

65,754

64,345

63,489

62,411

58,019

57,620

56,484

54,894

54,265

47,886

0

0

0

Noninterest income:
Deposit service and other fees

14,084

14,093

13,992

13,951

13,810

12,811

11,558

10,447

9,301

9,029

9,075

8,941

9,040

9,021

9,035

9,066

8,930

8,942

8,908

8,825

7,492

7,806

7,870

8,158

8,386

8,163

8,167

8,210

9,436

9,297

0

0

0

Investment management and trust

9,037

7,765

6,782

6,005

6,045

5,900

5,693

5,452

5,114

5,073

5,135

5,189

5,195

5,182

4,806

4,380

3,980

3,437

3,175

2,904

0

0

0

-

-

-

-

-

-

-

-

-

-

Increase in cash surrender value of life insurance

2,676

2,680

2,634

2,559

2,491

2,307

2,152

2,005

1,840

1,797

1,798

1,758

1,734

1,578

1,410

1,295

1,181

1,195

1,174

1,018

0

0

0

-

-

-

-

-

-

-

-

-

-

Gain (loss) on sale of securities

-

0

-

-

0

-

-

-73

0

0

0

-

-

-

-

28

48

99

0

-

0

0

-

2,527

1,993

4,265

3,611

3,703

3,502

485

0

0

0

Gain on sale of SBA loans

1,201

914

1,106

1,256

1,372

1,437

1,100

873

615

639

698

824

1,128

1,082

941

798

446

467

726

725

833

0

0

-

0

-

-

-

-

-

-

-

0

Other

2,073

1,563

1,504

1,679

1,425

1,243

1,096

553

407

367

360

336

683

853

957

1,128

827

632

510

338

-36

120

227

376

231

99

174

220

760

916

0

0

0

Total noninterest income

29,167

27,025

26,012

25,444

25,106

23,681

21,481

19,257

17,287

16,981

17,243

17,180

17,780

17,719

17,152

16,695

15,307

14,633

14,507

13,799

14,091

14,242

13,442

13,591

12,625

14,339

13,764

13,945

13,698

11,894

0

0

0

Noninterest expense:
Salaries and employee benefits

50,244

49,363

47,739

46,762

47,563

46,811

44,084

40,946

36,935

34,269

33,748

33,564

33,355

33,172

33,295

32,766

32,017

31,124

30,215

29,581

28,728

27,952

27,353

26,769

26,653

26,595

26,301

26,059

25,894

25,958

0

0

0

Occupancy expense

6,810

6,857

6,850

6,664

6,774

6,477

6,064

5,887

5,551

5,621

5,990

6,312

6,358

6,454

6,457

6,308

6,271

6,260

6,225

6,289

6,332

6,472

6,846

7,253

7,670

7,829

7,649

7,513

7,436

7,401

0

0

0

Furniture and equipment

4,104

4,069

4,013

3,898

3,683

3,459

3,197

3,070

3,082

3,072

3,095

3,007

2,904

2,857

2,794

2,759

2,789

2,805

2,877

2,943

2,975

3,045

3,083

3,143

3,229

3,305

3,435

3,508

3,512

3,624

0

0

0

Amortization of intangible assets

3,564

3,312

3,008

2,745

2,658

2,375

1,966

1,557

1,363

1,469

1,726

1,981

2,140

2,315

2,410

2,506

2,554

2,587

2,702

2,818

2,928

3,028

3,083

3,138

3,343

3,558

3,825

4,091

4,359

4,641

0

0

0

Other real estate owned, net

60

21

145

174

178

218

97

31

43

-8

41

80

206

384

352

367

-812

-1,159

-1,438

-1,160

3,086

3,634

4,352

4,370

1,401

1,143

1,148

1,559

9,155

12,180

0

0

0

Insurance and assessments

2,732

2,680

2,657

2,666

2,491

2,457

2,407

2,314

2,421

2,417

2,446

2,398

2,371

2,361

2,340

2,355

2,420

2,455

2,491

2,519

2,555

2,697

2,937

3,137

3,305

3,551

3,636

4,053

4,804

5,612

0

0

0

Professional fees

4,010

4,034

4,246

4,129

4,069

4,102

3,756

3,639

3,425

3,301

3,248

3,220

3,447

3,499

3,457

3,520

3,561

3,557

3,599

3,618

4,193

4,369

4,372

4,089

3,236

3,190

3,248

3,528

3,515

3,238

0

0

0

Impairment of long-lived assets

-

-

-

394

0

0

0

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

Prepayment penalty on debt extinguishment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-629

0

0

0

-

-

-

-

-

0

-

-

-

-

Other general and administrative

18,489

19,874

19,350

19,363

18,251

16,585

15,578

15,158

11,977

10,898

10,445

9,655

9,688

9,720

9,628

9,520

9,483

9,431

9,463

9,451

9,503

9,361

9,419

9,465

9,454

9,742

9,579

9,504

9,003

8,627

0

0

0

Total noninterest expense

90,183

90,380

88,212

86,795

86,076

82,893

77,524

72,787

64,797

61,039

60,861

60,339

66,126

66,419

66,378

65,746

58,393

57,170

56,134

56,688

60,929

61,187

64,824

64,114

61,041

64,335

61,493

62,487

70,350

71,281

0

0

0

Income before income taxes

67,331

63,245

61,345

58,456

55,059

48,703

42,390

36,715

34,867

34,988

34,444

33,724

26,354

24,420

22,108

19,748

24,269

22,926

22,534

20,385

18,916

17,400

12,107

11,888

9,603

7,624

8,755

6,352

-2,387

-11,501

0

0

0

Income tax expense

16,962

17,766

19,004

19,832

17,619

15,552

13,678

11,988

11,670

11,554

11,219

11,270

8,576

7,973

7,054

6,236

7,884

7,361

7,235

6,356

5,716

-1,995

0

-

0

0

-

-

-

-

-

0

0

Net income

50,369

45,479

42,341

38,624

37,440

33,151

28,712

24,727

23,197

23,434

23,225

22,454

17,778

16,447

15,054

13,512

16,385

15,565

15,299

14,029

13,061

12,040

14,414

15,059

14,215

13,538

8,755

6,352

69

-6,438

0

0

0

Preferred stock dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net income (loss) attributable to common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-13,454

-21,158

-12,253

0

0

0

Change in net unrealized gains (losses)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

Less: Reclassification adjustments for net losses (gains) included in net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

Other comprehensive income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

Total comprehensive income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

Earnings per common share-basic:

0.52

0.46

0.47

0.31

0.36

0.36

0.35

0.26

0.25

0.27

0.28

0.29

0.28

0.26

0.24

0.06

0.22

0.19

0.17

0.20

0.18

0.18

0.11

0.25

0.14

0.30

0.03

-0.74

-0.28

0.00

-0.02

-0.11

-0.11

Earnings per common share-diluted:

0.51

0.46

0.47

0.29

0.36

0.36

0.35

0.26

0.25

0.27

0.27

0.28

0.28

0.26

0.24

0.06

0.22

0.19

0.17

0.20

0.18

0.18

0.11

0.25

0.14

0.30

0.03

-0.74

-0.28

0.00

-0.02

-0.11

-0.11

Dividends declared per common share:

0.16

0.16

0.16

0.11

0.13

0.13

0.13

0.10

0.12

0.12

0.12

0.10

0.10

0.10

0.10

0.05

0.05

0.05

0.05

-

0.03

0.03

-

-

-

-

-

-

-

-

-

-

-

Weighted average common shares outstanding-basic:

28,868

28,863

28,822

28,525

27,920

27,913

27,867

27,829

22,811

21,242

21,184

21,078

21,076

21,070

21,037

20,968

20,966

20,959

20,936

20,890

20,873

20,860

20,844

-62,316

20,787

20,782

103,892

-103,569

51,828

51,919

51,775

51,698

51,660

Weighted average common shares outstanding-diluted:

29,068

29,048

29,036

29,068

28,120

28,095

28,090

28,478

22,984

21,378

21,398

21,498

21,224

21,200

21,165

21,168

21,089

21,059

21,028

20,964

20,981

20,941

20,917

-62,305

20,873

20,847

104,097

-103,569

51,828

51,919

51,775

51,698

51,660