Summary - Funding Rounds

Founding Date

1998
Guaranty Bancorp is a subsidiary of Independent Bank

Guaranty Bancorp Income Statement

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

13.9m13.6m13.8m16.7m17.2m19.3m25.4m

Revenue growth, %

8%20%

Operating expense total

19.4m

Depreciation and amortization

2.8m2.5m2.0m1.6m2.7m

Interest expense

14.4m9.2m7.1m6.7m5.4m9.5m13.5m

Pre tax profit

6.4m11.9m20.4m19.7m33.7m36.7m58.5m

Income tax expense

(3.2m)6.4m6.2m11.3m12.0m19.8m

Net Income

6.4m15.1m14.0m13.5m22.5m24.7m38.6m

Guaranty Bancorp Balance Sheet

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

109.2m163.2m28.1m32.4m26.7m50.1m51.6m

Accounts Receivable

1.1b1.1b1.3b1.5b1.8b2.8b

Inventories

590.9m

PP&E

53.9m46.9m48.1m45.9m48.3m67.4m65.9m

Goodwill

56.4m65.1m

Total Assets

1.7b1.9b1.9b2.1b2.4b3.4b3.7b

Accounts Payable

2.7b

Short-term debt

163.0k20.0m

Long-term debt

110.2m

Total Debt

110.3m25.8m25.8m

Total Liabilities

1.5b1.7b1.7b1.9b2.1b3.0b3.3b

Common Stock

119.0k23.0k24.0k24.0k24.0k31.0k32.0k

Additional Paid-in Capital

704.6m705.4m706.5m709.3m712.3m859.5m

Retained Earnings

(433.0m)(418.0m)(405.5m)(396.2m)(382.1m)(367.9m)(343.4m)

Total Equity

171.0m188.2m189.4m206.9m221.6m352.4m404.9m

Debt to Equity Ratio

0.6 x0.1 x0.1 x

Debt to Assets Ratio

0.1 x0 x0 x

Financial Leverage

9.9 x10 x10.1 x10.3 x10.7 x9.6 x9.1 x

Quarterly

USDQ2, 2011Q3, 2011Q1, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

134.9m93.2m105.3m55.9m30.6m33.5m35.3m44.1m46.6m31.6m55.2m23.8m31.1m30.4m163.9m40.5m46.6m64.4m44.3m72.3m39.2m

Accounts Receivable

1.1b1.1b1.1b1.2b1.2b1.3b1.3b1.4b1.5b1.5b1.6b1.7b1.8b1.9b2.4b2.5b2.6b2.6b2.8b2.9b2.9b

PP&E

56.1m55.4m53.2m46.6m46.3m45.8m47.5m46.9m46.5m48.4m48.4m48.6m46.0m45.8m68.8m66.0m64.8m63.3m65.4m64.0m63.0m

Goodwill

56.1m56.4m56.4m56.4m67.9m67.9m67.9m

Total Assets

1.7b1.7b1.7b1.8b1.9b1.9b2.0b2.0b2.1b2.1b2.3b2.3b2.4b2.4b3.3b3.4b3.4b3.5b3.7b3.8b3.8b

Long-term debt

120.3m176.0m190.6m56.3m85.9m141.6m

Total Debt

120.3m176.0m25.8m25.8m25.8m85.9m141.6m65.0m

Total Liabilities

1.6b1.5b1.5b1.6b1.7b1.7b1.8b1.8b1.9b1.9b2.1b2.1b2.1b2.2b3.0b3.0b3.0b3.1b3.3b3.4b3.4b

Common Stock

67.0k119.0k120.0k118.0k24.0k24.0k24.0k24.0k24.0k24.0k24.0k24.0k24.0k24.0k31.0k31.0k31.0k31.0k32.0k32.0k32.0k

Preferred Stock

67.8m

Additional Paid-in Capital

619.8m704.4m704.7m705.6m706.1m706.4m706.9m707.6m708.6m710.2m710.9m711.6m713.5m714.2m831.4m832.8m833.6m834.3m860.4m861.3m862.1m

Retained Earnings

(420.6m)(435.3m)(430.1m)(415.7m)(412.4m)(409.1m)(403.0m)(400.0m)(396.3m)(393.2m)(389.8m)(385.9m)(379.1m)(375.8m)(372.5m)(361.6m)(355.0m)(348.4m)(333.5m)(324.9m)(314.7m)

Total Equity

165.7m169.5m174.3m189.5m185.3m188.3m195.0m201.3m205.4m211.1m213.8m218.8m225.5m230.0m351.4m358.8m367.5m375.2m410.4m419.0m428.2m

Debt to Equity Ratio

0.1 x0.1 x0.1 x0.2 x

Debt to Assets Ratio

0 x0 x0 x0 x

Financial Leverage

10.5 x10 x9.8 x9.7 x10.1 x10.1 x10.1 x10.1 x10.1 x10.2 x10.6 x10.4 x10.5 x10.4 x9.5 x9.5 x9.3 x9.4 x9.1 x9 x8.9 x

Guaranty Bancorp Cash Flow

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

6.4m15.1m14.0m13.5m22.5m24.7m38.6m

Depreciation and Amortization

7.1m2.8m4.9m5.1m4.7m4.3m5.7m

Cash From Operating Activities

22.7m12.5m29.6m27.9m33.3m28.8m51.8m

Purchases of PP&E

574.0k833.0k(5.1m)(1.5m)(1.5m)

Cash From Investing Activities

160.3m(149.9m)(197.6m)(209.8m)(260.2m)(61.7m)(187.1m)

Long-term Borrowings

(53.1m)(14.0k)(163.0k)(95.5m)(50.0m)(2.4m)

Dividends Paid

(28.0k)(1.6m)(4.2m)(8.4m)(10.5m)(14.1m)

Cash From Financing Activities

(215.2m)191.3m32.8m186.3m221.1m56.3m136.7m

Net Change in Cash

(32.2m)54.0m(135.1m)4.4m(5.7m)23.4m1.4m

Interest Paid

16.8m(15.8m)7.6m6.9m5.5m8.3m13.7m

Income Taxes Paid

682.0k5.3m7.3m12.7m16.0m

Guaranty Bancorp Ratios

USDQ2, 2011

Financial Leverage

10.5 x

Guaranty Bancorp Operating Metrics

FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Bank Branches

26 26 32

Non-performing Loans

$12.62 m$13.27 m$13.19 m$14.51 m$14.47 m$13.40 m$13.33 m$5.84 m$5.25 m$5.10 m$4.62 m

Total Loans

$1.54 b$1.55 b$1.67 b$1.73 b$1.81 b$1.83 b$1.90 b$2.41 b$2.52 b$2.57 b$2.58 b

Guaranty Bancorp Employee Rating

2.613 votes
Culture & Values
2.5
Work/Life Balance
3.3
Senior Management
2.6
Salary & Benefits
2.7
Career Opportunities
2.4
Source