Gulf Coast Bank & Trust Reports Record Earnings

NEW ORLEANS  – Gulf Coast Bank & Trust Company President and CEO Guy T. Williams announced record earnings for 2019. President Williams attributed the record earnings to, among other things, very strong results in home mortgage lending and education services. The bank said it is one of the largest home loan originators in south Louisiana and the largest lender to first-time homebuyers in the New Orleans metro area.

The bank was also very encouraged by the significant increase in the volume and deposits for the bank’s education services division. This division provides technical support, loans, cash management and superior deposit accounts for education workers and teachers at all education institutions from pre-K to post graduate and college levels.

The chart below includes balance sheet and income statement highlights from December 2018 to December 2019:

- Sponsors -

BALANCE SHEET HIGHLIGHTS

page1image11816 page1image12136

December 2018

page1image13400

December 2019

- Partner Content -

Sunni LeBeouf

Black History Month Spotlight This Black History Month, Cox Communications is proud to recognize Sunni LeBeouf for her prolific record of professional achievement, civic philanthropy,...

Shareholders’ Equity (thousands)

page1image15768 page1image16088

$148,803

page1image17312

$168,621

- Sponsors -

Book Value per share

$530.26

$600.88

Net Loans (thousands)

page1image23024 page1image23344

$1,363,754

page1image24568

$1,407,630

Total Assets (thousands)

page1image26632 page1image26952

$1,704,435

page1image28176

$1,820,602

page1image29696 page1image30016 page1image30784

INCOME STATEMENT HIGHLIGHTS

2018 YTD (thousands)

2019 YTD (thousands)

Interest & Fee Income

page1image36208 page1image36528

$137,687

page1image37752

$146,531

Net Interest Income

page1image39816 page1image40136

$121,150

page1image41360

$125,438

Non-interest Income

$36,551

page1image44992 page1image45312

$38,376

page1image46712

Net Income, pre-tax

$27,961

$30,795

Digital Sponsors / Become a Sponsor

Follow the issues, companies and people that matter most to business in New Orleans.

Email Newsletter

Sign up for our email newsletter