U.S. Markets closed

Guaranty Bancorp posts 4Q profit

DENVER (AP) _ Guaranty Bancorp (GBNK) on Wednesday reported fourth-quarter net income of $8.6 million.

The Denver-based bank said it had earnings of 30 cents per share. Earnings, adjusted for one-time gains and costs, were 41 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.

The community bank holding company posted revenue of $41.9 million in the period. Its adjusted revenue was $38.4 million.

For the year, the company reported profit of $38.6 million, or $1.36 per share. Revenue was reported as $146.2 million.

Guaranty Bancorp shares have increased slightly more than 4 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $28.85, an increase of 18 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