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Guaranty Bancorp

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2018 10-Q, filed Oct 31, 2018. Its latest SEC filing is a SC 13G/A from Feb 4, 2019.

The sections below describe the company as of the FY2017 annual report.

What Did They Do?

Provides loans, deposit accounts and wealth management services to Colorado consumers and small to medium-sized businesses.

How Did They Make Money?

FY2017 revenue

Who Were Their Customers?

Consumers and small to medium-sized businesses, including business owners and employees, are served through the bank's branch network; the bank also provides trust and investment management services.

Did Revenues Turn Into Profits?

Yes. It kept 29 cents of every revenue dollar as net income in FY2017.

Net income, FY2017
29% of revenue
▲ +56% vs FY2016 ($24.7M, 25%)

How Were They Changing?

Since the FY2017 annual report
Latest quarter: Q3 FY2018, the three months to Sep 30, 2018
Revenue
▲ +10%
vs $34.7M in Q3 FY2017
Net income
▲ +49%
vs $10.1M in Q3 FY2017
  • Jan 2, 2019 Guaranty Bancorp merged into Independent Guaranty Bank and Trust Company also merged into Independent Bank.

Grew. Revenue grew 90% in 4 years, from $70.6M in FY2013 to $134.3M in FY2017, about 17% a year.

Agricultural lending The older report described agriculture land-secured and operating loans to working farms; the latest business description lists other lending areas but not agriculture loans.

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