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Guaranty Bancorp posts 2Q profit

DENVER (AP) _ Guaranty Bancorp (GBNK) on Wednesday reported second-quarter net income of $10.1 million.

The Denver-based bank said it had earnings of 36 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.

The community bank holding company posted revenue of $39.3 million in the period. Its adjusted revenue was $35.8 million.

Guaranty Bancorp shares have increased 11 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $26.85, a climb of 57 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GBNK at https://www.zacks.com/ap/GBNK


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