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GBank Financial Holdings Inc - GBFH STOCK NEWS

Welcome to our dedicated news page for GBank Financial Holdings (Ticker: GBFH), a resource for investors and traders seeking the latest updates and insights on GBank Financial Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect GBank Financial Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of GBank Financial Holdings's position in the market.

Rhea-AI Summary
GBank Financial Holdings Inc. presented at the Janney CEO Forum, celebrating consecutive recognition on the 2024 OTCQX Best 50 and confirming an agreement to merge GBank with BankCard Services LLC. The company also announced the potential merger of BankCard Services LLC and GBank.
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GBank Financial Holdings Inc. reported net income of $3.5 million for Q4 2023, with diluted earnings per share of $0.27. The Bank's total assets increased by 26% to $917.0 million, and gross loans increased by 30% to $682.9 million. The Bank also announced the acquisition of BankCard Services, LLC in an all-stock transaction. However, nonperforming assets increased to $6.3 million, and the net interest margin decreased to 5.16% in Q4 2023.
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0.18%
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GBank Financial Holdings Inc. (GBFH) has been included in the OTCQX® Best 50 for the second consecutive year, showcasing exceptional performance and growth. The ranking is based on one-year total return and average daily dollar volume growth, highlighting the company's commitment to excellence. The executive chairman and CEO expressed appreciation for the recognition and emphasized the company's dedication to shareholders and future growth.
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2.34%
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GBank Financial Holdings Inc. (OTCQX: GBFH) has announced the acquisition of BankCard Services, LLC in an all-stock transaction, with BCS becoming a subsidiary of the Bank. The merger is expected to expand cashless payment solutions in the gaming and payments industry, with BCS's proprietary programs offering significant potential for growth. BCS shareholders will receive $10.0 million worth of Company common stock. The transaction is projected to be immediately accretive to the Company's earnings per share.
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2.32%
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GBank, a subsidiary of GBank Financial Holdings Inc., has formed a subcommittee to explore the potential merger of BankCard Services, LLC and the Bank. The subcommittee consists of four disinterested directors and is authorized to engage a third party for a fairness opinion.
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0.63%
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GBank Financial Holdings Inc. reported a net income of $1.8 million for Q3 2023, compared to $2.6 million for the same period in 2022. Net income for the nine months ended September 30, 2023, was $7.4 million, compared to $7.6 million for the same period in 2022. Q3 2023 net interest margin expanded to 5.69%, and gross loan growth was $66 million, a 14% increase. Non-performing assets decreased to $1.1 million, and on-balance sheet guaranteed loans increased by $43.5 million. The company expects higher net interest income in Q4 2023 and throughout 2024.
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-8.63%
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GBank Financial Holdings Inc. announces dates for Q3 2023 earnings release and investor earnings call
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GBank Financial Holdings Inc. shares investor presentation prepared for the Janney Community Bank Forum
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GBank Financial Holdings Inc

OTC:GBFH

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199.36M
Banks - Regional
Financial Services
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United States
Las Vegas