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EARNINGS PER SHARE
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

NOTE 13 - EARNINGS PER SHARE

Basic earnings per share is computed by dividing net earnings available to common shareholders by the weighted-average common shares outstanding for the period. Net losses attributable to the noncontrolling interest during the three and nine months ended September 30, 2024 and 2023 were $18 and $7, and $37 and $16, respectively, and are excluded from this calculation. Diluted earnings per share reflects the maximum potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock and would then share in the net earnings of the Company. Dilutive share equivalents include stock-based awards issued to employees.

Stock options granted by the Company are treated as potential shares in computing diluted earnings per share. Diluted shares outstanding include the dilutive effect of in-the-money awards which is calculated based on the average share price for each fiscal period using the treasury stock method. Under the treasury stock method, the amount that the employee must pay for exercising stock options, the amount of compensation cost for future service that the Company has not yet recognized, and the amount of tax impact that would be recorded in additional paid-in capital when the award becomes deductible are assumed to be used to repurchase shares.

The computations of basic and diluted earnings per share for the Company were as follows for the:

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings attributable to Guaranty Bancshares, Inc.

 

$

7,397

 

 

$

6,297

 

 

$

21,520

 

 

$

24,159

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding (basic)

 

 

11,383,027

 

 

 

11,568,897

 

 

 

11,468,117

 

 

 

11,746,630

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Common stock equivalent shares from stock options

 

 

60,297

 

 

 

50,445

 

 

 

43,701

 

 

 

44,573

 

Weighted-average shares outstanding (diluted)

 

 

11,443,324

 

 

 

11,619,342

 

 

 

11,511,818

 

 

 

11,791,204

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings attributable to Guaranty Bancshares, Inc. per share

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.65

 

 

$

0.54

 

 

$

1.88

 

 

$

2.06

 

Diluted

 

$

0.65

 

 

$

0.54

 

 

$

1.87

 

 

$

2.05