Guaranty Bancshares, Inc. has announced a record date for a conditional special cash dividend on its common stock, with September 19, 2025, set as the record date. The company may declare and pay a special cash dividend to its shareholders if the GNTY closing capital exceeds $292,199,000 plus the amount of any capital attributable to the exercise of company stock options after March 31, 2025.
As of June 30, 2025, Guaranty Bancshares, Inc. had total assets of $3.1 billion, total loans of $2.1 billion, and total deposits of $2.7 billion. These figures indicate the financial strength and size of the company.
The announcement follows the company's plan and agreement of merger with Glacier Bancorp, Inc. and its wholly owned subsidiary, Glacier Bank. The merger is subject to certain conditions, and the payment of the special dividend is contingent upon the final amount of the GNTY closing capital exceeding the closing capital requirement as per the terms of the merger agreement.
The company's decision to set a record date for the conditional special cash dividend reflects its commitment to enhancing shareholder value and rewarding investors. The potential declaration and payment of the special dividend will depend on the final amount of the GNTY closing capital and the successful completion of the merger.
These developments showcase the company's strategic actions and financial position, providing shareholders and potential investors with valuable insights into its performance and future prospects. Today the company's shares have moved -2.06% to a price of $48.43. Check out the company's full 8-K submission here.
