-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EntPSV0m+OOEmwIaUq90I13Spu9sJ1dD7p+kCud9KIkxxazql8Iiqe35yA9LDXg+ qRVSIBWDJtRY3NRWqGzS/A== 0001046203-05-000012.txt : 20050414 0001046203-05-000012.hdr.sgml : 20050414 20050414165512 ACCESSION NUMBER: 0001046203-05-000012 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050331 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050414 DATE AS OF CHANGE: 20050414 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GUARANTY FEDERAL BANCSHARES INC CENTRAL INDEX KEY: 0001046203 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 431792717 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-23325 FILM NUMBER: 05751341 BUSINESS ADDRESS: STREET 1: 1341 WEST BATTLEFIELD CITY: SPRINGFIELD STATE: MO ZIP: 65807 BUSINESS PHONE: 4175204333 MAIL ADDRESS: STREET 1: 1341 WEST BATTLEFIELD CITY: SPRINGFIELD STATE: MO ZIP: 65807 8-K 1 mainbody.htm FORM 8-K ANNOUNCING 2005 1ST QUARTER EARNINGS Form 8-k announcing 2005 1st quarter earnings

 
UNITED STATES
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): April 14, 2005
 
Guaranty Federal Bancshares, Inc.
(Exact name of registrant as specified in its charter)
 
Delaware
(State or other jurisdiction of incorporation)
 
43-1792717
(I.R.S. employer identification number)
 
0-23325
(Commission file number)
 
1341 West Battlefield
Springfield, Missouri 65807
(Address of principal executive offices and zip code)
 
Registrant's telephone number, including area code: (417) 520-4333
 
Not applicable
(Former name or former address, if changed since last report)
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):
 
[_] Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
[_]    Soliciting materials pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 
[_]    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
[_]    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
INCLUDED INFORMATION
 
 
Item 2.02 Results of Operations and Financial Condition.
 
On April 14, 2005, Guaranty Federal Bancshares, Inc. (the "Company") issued a press release announcing its earnings for the first quarter ended March 31, 2005.
 
Item 7.01 Regulation FD Disclosure.
 
On April14, 2005, the Company issued a press release announcing that there are 115,377 shares of its common stock remaining to be repurchased to complete the repurchase plan announced on November 22, 2002.
 
Item 9.01 Financial Statements and Exhibits.
 
(c) Exhibits
 
Exhibit Number Description
 
99.1 Press release dated April14, 2005 (furnished with respect to Item 2.02)

 
 
SIGNATURES
 
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
Guaranty Federal Bancshares, Inc.
 
By:
/s/ Shaun A. Burke______________
Shaun A. Burke
President and Chief Executive Officer
 
Date: April 14, 2004
 
 
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 EX-99.1 2 ex99-1.htm 1ST QUARTER 2005 EARNINGS RELEASE 1st quarter 2005 earnings release

 
Exhibit 99.1
 
Contact: Shaun A. Burke                        For Immediate Release
417-520-4333


GUARANTY FEDERAL BANCSHARES, INC. ANNOUNCES
A 22% INCREASE IN QUARTERLY EARNINGS PER SHARE

SPRINGFIELD, MO - (April 14, 2005) - Guaranty Federal Bancshares, Inc, (NASDAQ:GFED), the holding company (the "Company") for Guaranty Bank, today announces the following highlights for its first quarter ended March 31, 2005:

First Quarter 2005 Financial Highlights

·   Earnings per share increases 22% over prior year quarter
·   Net income increases 25% over prior year quarter
·   Net interest income increases 23% over prior year quarter
·   Net interest margin increases 24 basis points over prior year quarter to 3.30%
·   Total assets increase $9M, or 2% from December 31, 2004
·   Loans increase $17M, or 4% from December 31, 2004
·   Deposits increase $6M, or 2% from December 31, 2004

The Company today announces that earnings for the first quarter ended March 31, 2005 were $0.43 per share, ($1,215,000), up from the $0.35 per share ($969,000) the Company earned during the same quarter in the prior year. This represents a 22% increase in quarterly earnings per share.

The Company announced a plan to repurchase 300,000 shares of common stock on November 22, 2002. To date the Company has repurchased 184,623 shares of common stock under this plan at an average cost of $20.13 per share.

The discussion set forth above may contain forward-looking comments. Such comments are based upon the information currently available to management of the Company and management’s perception thereof as of the date of this release. When used in this release, words such as "anticipates," "estimates," "believes," "expects," and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. Such statements are subject to risks and uncertainties. Actual results of the Company’s operations could materially differ from those forward-looking comments. The differences could be caused by a number of factors or combination of factors including, but not limited to: changes in demand for banking services; changes in portfolio composition; changes in management strategy; increased competition from both bank and non-bank companies; changes in the general level of interest rates; the effect of regulatory or government legislative changes; technology changes; fluctuation in inflation; and other factors set forth in reports and other documents filed by the Company with the Securities and Exchange Commission from time to time

 
Guaranty Federal Bancshares Inc. has a subsidiary corporation offering full banking services. The principal subsidiary, Guaranty Bank, is located in Springfield, Missouri, and has seven branches and 19 ATM locations located in Greene and Christian Counties. In addition Guaranty Bank is a member of the Privileged Status ATM network, which provides its customers surcharge free access to over 60 area ATM’s and over 1,000 ATM’s nationwide.

Financial Highlights:
          
   
Quarter ended
  
Operating Data:
  
31-Mar-05
  
31-Mar-04
  
           
Total interest income
  
$
5,901
 
$
4,841
 
Total interest expense
    
2,457
   
2,050
 
Provision for loan losses
    
225
   
189
 
Net interest income after
              
provision for loan losses
    
3,219
   
2,602
 
Noninterest income
    
884
   
850
 
Noninterest expense
    
2,180
   
2,043
 
Income before income tax
    
1,923
   
1,409
 
Income tax expense
    
708
   
440
 
Net income
  
$
1,215
 
$
969
 
Net income per share-basic
  
$
0.43
 
$
0.35
 
Net income per share-diluted
  
$
0.41
 
$
0.33
 
               
Annualized return on average assets
    
1.11
%
  
1.01
%
Annualized return on average equity
    
11.91
%
  
10.08
%
Net interest margin
    
3.30
%
  
3.06
%
               
   
At 
    
At

 

Financial Condition Data:
    
31-Mar-05
    
31-Dec-04
  
Cash and cash equivalents
  
$
8,638
 
$
15,896
 
Investments
    
15,470
   
16,407
  
Loans,net of allowance for loan losses
    
409,680
   
392,333
  
3/31/2005 - $4,739; 12/31/2004 - $4,537
              
Other assets
    
15,769
   
15,960
  
Total assets
  
$
449,557
 
$
440,596
  
               
Deposits
  
$
302,081
 
$
296,388
 
FHLB advances
    
104,000
   
100,000
  
Other liabilities
    
3,778
   
3,435
 
Total liabilities
    
409,859
   
399,823
  
Stockholder's equity
    
39,698
   
40,773
  
Total liabilities and stockholder equity
  
$
449,557
 
$
440,596
  
Equity to assets ratio
    
9
%
  
9
%
Book value per share
  
$
14.32
 
$
14.45
  
Non performing assets
  
$
506
 
$
1,085
 

 

 
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