Guaranty Bancorp (GBNK: Quote) Wednesday reported a second-quarter profit of $6.2 million or $0.06 per share, up from $1.4 million in the same period last year. On a per-share basis, earnings were breakeven last year.
On average, four analysts polled by Thomson Reuters expected the company to earn $0.04 per share for the quarter, Analysts' estimates typically exclude special items.
Net-interest income increased to $15.4 million from $14.7 million last year.
Non-interest income totaled $2.9 million up from $2.3 million last year, primarily due to a net increase in the gain on sales of securities.
Provision for loan losses was $0.5 million, compared to $1.0 million last year.
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by RTT Staff Writer
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