Guaranty Federal Bancshares, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported total interest income of $6,626,000 compared to $6,286,000 a year ago. Net interest income was $5,557,000 compared to $5,257,000 a year ago. Income before income taxes was $2,034,000 compared to $1,986,000 a year ago. Net income available to common shareholders was $1,519,000 or $0.34 per diluted share compared to $1,431,000 or $0.33 per diluted share a year ago. Annualized return on average assets was 0.89% compared to 0.88% a year ago. Annualized return on average equity was 8.54% compared to 8.58% a year ago. For the year, the company reported total interest income of $25,389,000 compared to $25,190,000 a year ago. Net interest income was $21,212,000 compared to $20,910,000 a year ago. Income before income taxes was $7,607,000 compared to $8,178,000 a year ago. Net income available to common shareholders was $5,594,000 or $1.27 per diluted share compared to $5,717,000 or $1.30 per diluted share a year ago. Annualized return on average assets was 0.83% compared to 0.88% a year ago. Annualized return on average equity was 8.00% compared to 8.81% a year ago. Tangible book value per common share as at December 31, 2016 was $16.09 compared to $15.27 a year ago.