Guaranty Bancshares, Inc. (NYSE:GNTY) Q4 2022 Earnings Conference Call January 17, 2023 11:00 AM ET
Company Participants
Ty Abston - Chairman & CEO
Cappy Payne - Senior Executive Vice President & CFO
Shalene Jacobson - EVP & CFO of the Bank
Conference Call Participants
Michael Rose - Raymond James
Brady Gailey - KBW
Matt Olney - Stephens
Brad Milsaps - Piper Sandler
Operator
Good morning, and welcome to the Guaranty Bancshares' Fourth Quarter 2022 Earnings Call. My name is Nona Branch, and I will be your operator for today's call. This call is being recorded. After the prepared remarks, there will be a Q&A session.
Our host for today's call will be Ty Abston, Chairman and Chief Executive Officer of the Company; Cappy Payne, Senior Executive Vice President and Chief Financial Officer of the Company; Shalene Jacobson, Executive Vice President and Chief Financial Officer of the Bank.
To begin our call, I will now turn it over to our CEO, Ty Abston.
Ty Abston
Thank you, Nona. Good morning, everyone, and again welcome to our fourth quarter earnings call for Guaranty Bancshares. We did have a year that we're very proud of. Our quarter did have some noise in it that we're going to go over explain our presentation. And then we're going to talk a little bit about our projections for 2023. We'll get into our slide deck and go through that and then we'll open up for Q&A.
So, Cappy, why don't you start that?
Cappy Payne
Okay. Thank you, Ty. Let's briefly hit some of the highlights of the balance sheet first and I'll go over the income statement. We do have some of those highlights on the slide deck here, if you're looking on your PC.
Our total assets for the year ended at $3.4 billion that was down for the quarter, about $39 million, but it is up for the year $265 million. Lot of that came from an increase in loans. We had a really good year and loan growth. We were up for the quarter $112 million, this is ex-PPP and warehouse lending. And for the year, we were up $553 million, about 30%.
And look at some of the details of that, we did have growth in all four of our regions. So we were proud of that and do have emphasis in activity in all four of those regions. You can see in the earnings release, we do list a loan composition chart. And, of course, most of that loan growth is real estate based. And again, you can see the components being CRE, construction, development and so forth.