Welcome to our dedicated page for GBank Financial Holdings news (Ticker: GBFH), a resource for investors and traders seeking the latest updates and insights on GBank Financial Holdings stock.
GBank Financial Holdings Inc. (GBFH) operates at the intersection of traditional banking and financial technology, specializing in SBA lending, commercial banking, and innovative Gaming FinTech solutions. This page serves as the definitive source for official company announcements, financial updates, and strategic developments.
Access real-time updates on earnings reports, regulatory filings, and technology partnerships that drive GBFH's unique market position. Our curated news collection helps stakeholders monitor the company's progress in cashless gaming infrastructure, API-driven banking platforms, and expansion of government-backed lending programs.
Bookmark this page for immediate access to press releases about new product launches, leadership updates, and financial disclosures. Check regularly to stay informed about GBFH's initiatives in digital transaction systems and commercial lending innovations.
GBank Financial Holdings reported Q1 2025 financial results with net income of $4.5 million, or $0.31 per diluted share, compared to $5.2 million in Q4 2024 and $3.7 million in Q1 2024. Key highlights include:
Net revenue increased 31.4% year-over-year to $17.4 million. The bank saw total deposit growth of $189 million (23.4%) compared to March 2024. Credit card transactions reached $105.6 million with net interchange fees of $2.0 million.
Notable developments include SEC approval of S-1 filing and approval to trade on NASDAQ. The bank's efficiency ratio was 62.8%, with non-interest expenses including $1.1 million in legal and professional fees. Total assets grew to $1.190 billion, up 23.5% from Q1 2024, while maintaining a strong loans-to-deposits ratio of 84.7%.
The bank's asset quality remains solid with non-performing assets at 0.48% of total assets, and a Tier 1 leverage ratio of 14.2%.
GBank Financial Holdings has achieved a significant milestone with its approved uplisting from OTCQX to the Nasdaq Capital Market. Trading under the unchanged ticker symbol "GBFH" is set to begin on April 30, 2025.
Executive Chairman Edward M. Nigro emphasized that the Nasdaq listing represents the culmination of efforts to enhance shareholder liquidity and value. President and CEO T. Ryan Sullivan reinforced this achievement as a validation of the company's strategy and team dedication.
Key points about the transition:
- Current shareholders require no action during the uplisting process
- The ticker symbol "GBFH" remains unchanged
- Trading continues on OTCQX until the Nasdaq debut
The company has issued standard forward-looking statements, acknowledging potential risks including economic changes, market fluctuations, competition, regulatory shifts, and cybersecurity threats.
GBank Financial Holdings Inc. (OTCQX: GBFH) announced that the SEC has declared effective its Registration Statement on Form S-1. The registration relates to the resale of 1,081,081 shares of common stock from existing stockholders, which were issued in a private placement that closed on October 11, 2024.
The company emphasized that no new shares are being offered or sold, and there will be no change to the current number of outstanding shares. The registration statement's prospectus can be accessed through the company's Las Vegas office or the SEC's website.
GBank Financial Holdings Inc. (OTCQX: GBFH) has announced the filing of Amendment No. 1 to Form S-1 Registration Statement with the SEC. The filing aims to register the resale of 1,081,081 shares of common stock issued in a private placement that closed on October 11, 2024.
The Registration Statement, filed under a registration rights agreement, is pending SEC effectiveness. Until declared effective, the registered securities cannot be sold and purchase offers cannot be accepted. The company has made the preliminary prospectus available through direct request or the SEC website.
This announcement includes cautionary statements regarding forward-looking statements, highlighting potential risks such as market fluctuations, increased competition for deposits, regulatory changes, interest rate fluctuations, inflationary pressures, and cybersecurity threats.
GBank Financial Holdings Inc. (OTCQX: GBFH) has announced the successful completion of a significant API integration project with Sila, a fintech infrastructure platform. The partnership marks a important technological advancement for GBank, transitioning from legacy flat-file systems to an API-driven infrastructure.
The modernization enables seamless processing of transactions across multiple payment rails, including ACH, Real-Time Payments (RTP), and FedNow. This technological upgrade positions GBank to better serve fintech companies with enhanced payment processing capabilities.
GBank Financial Holdings Inc. (GBFH) reported record Q4 2024 net income of $5.2 million ($0.36 per diluted share), up 48.6% from Q4 2023. Full-year 2024 net income reached $18.6 million ($1.37 per diluted share), a 70.6% increase from 2023.
Key Q4 2024 highlights include record net revenue of $17.5 million, SBA lending originations of $120.0 million, and credit card transactions of $51.7 million. The company completed a $20.0 million private placement in October 2024, issuing 1,081,081 shares.
Total assets increased 7.1% to $1.122 billion, with deposits growing to $935.1 million. The company's net interest margin was 4.53%, and the efficiency ratio improved to 55.4%. Non-performing assets totaled $14.2 million, representing 1.26% of total assets.
GBank Financial Holdings Inc. (OTCQX: GBFH) has announced its plans to release Q4 2024 financial results after market close on Tuesday, January 28, 2025. The company will host its quarterly earnings call on Wednesday, January 29, 2025, at 10:00 a.m. PST.
The earnings call will be conducted entirely remotely, with no physical location for attendance. Participants can join via ZOOM video conference or telephone, using Conference ID 826 3030 7240 and Passcode 549549.
GBank Financial Holdings Inc. (OTCQX: GBFH) has been named to the 2025 OTCQX® Best 50 list, ranking 13th among top-performing companies on the OTCQX® Best Market. This marks the company's third consecutive year receiving this recognition.
The OTCQX® Best 50 ranking evaluates companies based on total return and average daily dollar volume growth during the previous calendar year. In 2024, the selected companies collectively traded $5.85 billion in dollar volume and achieved a median total return of 74%.
Both Executive Chairman Edward M. Nigro and President/CEO T. Ryan Sullivan highlighted this achievement as a reflection of the company's strategic execution and commitment to shareholder value creation.
GBank Financial Holdings Inc. (OTCQX: GBFH) announced the election of A.G. Burnett to its Bank's Board of Directors, effective December 1, 2024. Burnett, who served as Chairman of the Nevada Gaming Control Board from 2012 to 2017, brings significant legal and regulatory expertise to the board. Currently a Partner at McDonald Carano's Gaming & Administrative Law Group, Burnett has received notable recognitions including 'Lawyer of the Year' in Gaming Law and Band 1 ranking in Gaming & Licensing Law by Chambers USA. He has also provided testimony to Congress and advised policymakers on gaming regulation and sports betting legalization.
GBank Financial Holdings (OTCQX: GBFH) reported record Q3 2024 net income of $5.0 million, or $0.37 per diluted share, up from $1.8 million in Q3 2023. The company achieved record net revenue of $16.1 million and record SBA lending originations of $156.4 million. Net interest margin was 5.00%. The company completed a $20 million private placement offering, with net proceeds of approximately $19.2 million. Total assets increased 3.8% to $1.048 billion, with gross loans at $847.6 million and deposits at $883.5 million.
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