Guaranty Federal Bancshares Inc. announced preliminary earnings results for the fourth quarter and full year ended December 31, 2011. For the quarter, the company reported Net interest income of $5.49 million against $4.81 million for the same period a year ago. Income before income taxes was $1.55 million against loss before income taxes of $0.81 million for the same period a year ago. Net income was $1.31 million against net loss of $0.36 million for the same period a year ago. Net income available to common shareholders was $1.03 million or $0.38 basic and diluted per share against net loss available to common shareholders of $0.64 million or $0.24 basic and diluted per share for the same period a year ago. Annualized return on average assets was 0.80% against negative annualized return on average assets of 0.21% for the same period a year ago. Annualized return on average equity was 9.52% against negative annualized return on average equity of 2.64% for the same period a year ago. For the year, the company reported net interest income of $20.77 million against $17.52 million for the same period a year ago. Income before income taxes was $4.54 million against $1.07 million for the same period a year ago. Net income was $3.874 million against $1.13 million for the same period a year ago. Net income available to common shareholders was $2.71 million or $1.01 basic and diluted per share against $0.005 million or $0.00 basic and diluted per share for the same period a year ago. Annualized return on average assets was 0.57% against 0.16% for the same period a year ago. Annualized return on average equity was 7.08% against 2.12% for the same period a year ago. Book value per common share was $14.07 as of December 31, 2011, an increase of $0.56 as compared to December 31, 2010.