Guaranty Bancshares Inc 2025年季度报告

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the quarterly period endedJune 30,2025OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the transition period fromto.Commission File Number: 001-38087 GUARANTY BANCSHARES, INC.(Exact name of registrant as specified in its charter) 16475 Dallas Parkway, Suite 600Addison,Texas(Address of Principal Executive Offices) 75001(Zip Code) (888)572 - 9881(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Name of each exchange on which registeredNew York Stock Exchange Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ As of August 4, 2025, there were11,347,666outstanding sharesof the registrant’s common stock, par value $1.00 per share. GUARANTY BANCSHARES, INC. PART I — FINANCIAL INFORMATION Item 1.Financial Statements – (Unaudited)1Consolidated Balance Sheets as of June 30, 2025 and December 31, 20241Consolidated Statements of Earnings for the Three and Six Months Ended June 30, 2025 and20242Consolidated Statements of Comprehensive Income for the Three and Six Months EndedJune 30, 2025 and 20243Consolidated Statements of Changes in Equity for the Three and Six Months Ended June 30,2025 and 20244Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2025 and 20246Notes to Consolidated Financial Statements8Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations37Item 3.Quantitative and Qualitative Disclosures about Market Risk66Item 4.Controls and Procedures66 PART II — OTHER INFORMATION Item 1.Legal Proceedings67Item 1A.Risk Factors67Item 2.Unregistered Sales of Equity Securities and Use of Proceeds68Item 3.Defaults Upon Senior Securities68Item 4.Mine Safety Disclosures68Item 5.Other Information69Item 6.Exhibits69 70 SIGNATURES GUARANTY BANCSHARES, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Dollars in thousands, except per share amounts) NOTE1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations: Guaranty Bancshares, Inc. (“Guaranty”) is a bank holding company headquartered in MountPleasant, Texas that provides, through its wholly-owned subsidiary, Guaranty Bank & Trust, N.A. (the “Bank”), a broadarray of financial products and services to individuals and corporate customers, primarily in its markets of East Texas,Dallas/Fort Worth, Greater Houston and Central Texas. The terms “the Company,” “we,” “us” and “our” mean Guarantyand its subsidiaries, when appropriate. The Company’s main sources of income are derived from granting loansthroughout its markets and investing in securities issued or guaranteed by the U.S. Treasury, U.S. governmentagencies and state and political subdivisions. The Company’s primary lending products are real estate, commercial andconsumer loans. Although the Company has a diversified loan portfolio, a substantial portion of its debtors’ abilities tohonor contracts is dependent on the economy of the State of Texas and primarily the economies of East Texas,Dallas/Fort Worth, Greater Houston and Central Texas. The Company primarily funds its lending activities with depositoperations.The Company’s primary deposit products are checking accounts,money market accounts,savingsaccounts and certificates of deposit. Principles of Consolidation: The consolidated financial statements in this Quarterly Report on Form 10-Q (this “Report”)include the accounts of Guaranty, the Bank and indirect subsidiaries that are wholly-owned or controlled. Subsidiariesthat are less than wholly owned are fully consolidated if t