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Guaranty Bancorp posts 3Q profit

DENVER (AP) _ Guaranty Bancorp (GBNK) on Wednesday reported third-quarter earnings of $10.1 million.

The bank, based in Denver, said it had earnings of 36 cents per share. Earnings, adjusted for one-time gains and costs, were 40 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.

The community bank holding company posted revenue of $40.8 million in the period. Its adjusted revenue was $37.5 million.

Guaranty Bancorp shares have increased 17 percent since the beginning of the year. The stock has risen 62 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