GBank Financial Holdings Inc. Announces Fourth Quarter 2025 Financial Results
Rhea-AI Summary
GBank Financial Holdings (NASDAQ: GBFH) reported record Q4 2025 net income of $7.4M (diluted EPS $0.51), and adjusted Q4 net income of $7.6M (adjusted EPS $0.52). For FY2025, net income was $20.9M (EPS $1.44) and adjusted net income was $24.1M (adjusted EPS $1.66).
Q4 highlights: record net revenue $20.7M, ROA 2.20%, ROE 18.03%, gain on loan sales $3.6M (loans sold $92.3M), credit card volume $99.3M, SBA originations impacted by Oct–Nov 2025 government shutdown. Total assets were $1.4B, loans $959.3M, deposits $1.1B, book value per share $11.52.
Positive
- Record Q4 net income of $7.4M
- Adjusted 2025 net income of $24.1M
- Record Q4 net revenue of $20.7M
- ROA 2.20% and ROE 18.03% in Q4
- Total assets expanded to $1.4B
- SBA originations reached record $576.0M for 2025
Negative
- SBA originations fell to $126.4M in Q4 from $242.1M
- Credit card transaction volume declined to $99.3M in Q4 from $131.3M
- Loans sold for gain fell to $92.3M in Q4 from $110.8M
- Non-recurring uplist and listing costs of $1.1M pre-tax in 2025
News Market Reaction – GBFH
On the day this news was published, GBFH declined 4.74%, reflecting a moderate negative market reaction. Argus tracked a trough of -2.2% from its starting point during tracking. Our momentum scanner triggered 3 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $22M from the company's valuation, bringing the market cap to $447M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
GBFH fell 1.1% with peers like FMNB (-3.26%), HONE (-1.79%), EGBN (-0.88%) and SUPV (-0.89%) also down, indicating broader regional bank weakness.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Oct 28 | Q3 2025 earnings | Positive | -0.9% | Strong Q3 revenue and income but higher provisions and one-time expenses. |
| Oct 24 | Earnings timing update | Neutral | -2.6% | Change in Q3 2025 earnings release date and call logistics only. |
| Jul 28 | Q2 2025 earnings | Positive | -12.1% | Higher net income and record SBA lending with mixed card trends. |
| Apr 29 | Q1 2025 earnings | Positive | -3.6% | Net income growth and strong deposit, asset expansion amid higher expenses. |
| Jan 28 | Q4 2024 earnings | Positive | +6.9% | Record Q4 2024 results, strong asset growth, and improved efficiency ratio. |
Earnings and timing-related announcements often saw muted or negative next-day moves even when operational metrics improved.
Across prior earnings releases from Q4 2024 through Q3 2025, GBank consistently reported record or growing net income, expanding net revenue, and strong SBA and credit card activity. Q4 2024 delivered record net income of $5.2M and full-year 2024 net income of $18.6M. In 2025, quarterly results showed rising assets and loans but market reactions ranged from modest gains to double‑digit declines. Today’s Q4 2025 record earnings and higher full‑year profit continue that growth trajectory.
Historical Comparison
Over the last five earnings-related releases, GBFH saw an average move of 5.24%, with several positive reports followed by flat or negative reactions, making the modest -1.1% move relatively typical.
Earnings releases from Q4 2024 through Q3 2025 show a progression of record net income, rising net revenue, and expanding SBA originations and credit card volumes, culminating in today’s Q4 2025 record quarterly and higher full‑year 2025 net income versus 2024.
Market Pulse Summary
This announcement highlights record Q4 2025 net income of $7.4 million, full‑year 2025 net income of $20.9 million, and record quarterly net revenue of $20.7 million, alongside improved efficiency and strong returns on assets and equity. It also notes higher non‑performing assets and ongoing credit costs. In context of past quarters, investors may track trends in asset quality, SBA originations, credit card volumes, and the scaling of BoltBetz/PPA™ and other fintech initiatives.
Key Terms
net interest income financial
net interest margin financial
provision for credit losses financial
non-interest income financial
efficiency ratio financial
allowance for credit losses financial
non-performing assets financial
tier 1 leverage ratio financial
AI-generated analysis. Not financial advice.
LAS VEGAS, Jan. 28, 2026 (GLOBE NEWSWIRE) -- GBank Financial Holdings Inc. (the “Company”) (NASDAQ: GBFH), the parent company of GBank (the “Bank”), today reported record net income for the quarter ended December 31, 2025 of
For the year ended December 31, 2025, net income was
Fourth Quarter 2025 Financial Highlights (Unaudited)
- Record net revenue(1) of
$20.7 million , a2.7% increase compared to the third quarter of 2025 - Return on average assets of
2.20% compared to1.37% for the third quarter of 2025 and return on average stockholders' equity of18.03% compared to10.89% for the third quarter of 2025 - Gain on loan sales of
$3.6 million on loans sold of$92.3 million , compared to gain on loan sales of$3.6 million on loans sold of$110.8 million for the third quarter of 2025 - Gain on loan sales margin(1) of
3.93% compared to3.24% for the third quarter of 2025 - Credit card transaction volume of
$99.3 million and net interchange fees of$1.8 million , compared to$131.3 million and$2.4 million , respectively, for the third quarter of 2025 - U.S. Small Business Administration (“SBA”) lending and commercial banking loan originations of
$126.4 million , compared to$242.1 million for the third quarter of 2025. SBA lending activity during the fourth quarter of 2025 was impacted by the government shutdown in effect from October 1, 2025, through November 12, 2025. - Non-performing assets, excluding government guaranteed portions(1), of
$12.5 million as of December 31, 2025, representing0.92% of total assets
Adjusted diluted earnings per share excludes certain unusual items presented in the table below.
| ($'s in 000, except per share data) | ||||||||
| Description | Three Months Ended December 31, 2025 | Year Ended December 31, 2025 | ||||||
| Form S-1 and Uplist Costs | $ | - | $ | 1,079 | ||||
| Severance Expenses | 257 | 1,258 | ||||||
| Costs Incurred Related to Discontinued Credit Card Marketing Campaign | 416 | 2,108 | ||||||
| Net Gains on Sales of Investment Securities | (426 | ) | (426 | ) | ||||
| Pre-Tax Impact | $ | 247 | $ | 4,019 | ||||
| After-Tax Impact at | $ | 192 | $ | 3,126 | ||||
| Per Share Impact | $ | 0.01 | $ | 0.22 | ||||
| Reported Diluted Earnings Per Share | $ | 0.51 | $ | 1.44 | ||||
| Adjusted Diluted Earnings Per Share (1) | $ | 0.52 | $ | 1.66 | ||||
(1) See Reconciliation of Non-GAAP Financial Measures
Form S-1 and uplist costs of
Edward M. Nigro, Chairman and CEO of the Company, stated, “Despite several one-time items, including reductions related to the SBA government shutdown, delays in our VISA Signature credit card growth, and delays in the BoltBetz/Pooled Player Account (PPA™) launch, we delivered strong year-over-year growth. SBA originations increased to a record
Financial Results
Income Statement
Net interest income totaled
The increase in net interest income when compared to the third quarter of 2025 was primarily driven by higher average balances of interest earning assets partially offset by volume-driven increases in deposit interest expense, as the growth in earning assets was primarily funded by interest bearing demand and certificates of deposit growth. The cost of interest-bearing liabilities continued to trend downward from
The increase in net interest income during the fourth quarter of 2025 when compared to the fourth quarter of 2024 was primarily volume driven, as higher interest income from growth in average loan and interest-bearing cash balances more than offset increases in interest expense resulting from higher average balances of interest-bearing deposits.
The yield on investment securities was
During the fourth quarter of 2025, the Company sold
The Company’s net interest margin for the fourth quarter of 2025 was
The Company recorded a reversal (benefit) for credit losses on loans of
(1) See Reconciliation of Non-GAAP Financial Measures
Non-interest income was
Net revenue(1) totaled
Non-interest expense was
Income tax expense was
Net income was
The Company had 184 full-time equivalent employees as of December 31, 2025, compared to 187 full-time equivalent employees as of September 30, 2025, and 169 full-time equivalent employees as of December 31, 2024.
Balance Sheet
Total assets increased
Total loans, net of deferred fees and costs, were
The Company’s allowance for credit losses totaled
(1) See Reconciliation of Non-GAAP Financial Measures
Deposits totaled
The Company’s ratio of loans to deposits was
The Company held short-term borrowings of
Subordinated notes outstanding totaled
Stockholders’ equity was
The Company’s ratio of common equity to total assets was
Asset Quality
The Company recorded a reversal (benefit) for the provision for credit losses for loans of
Non-performing assets totaled
Subsequent to December 31, 2025, and prior to the filing of this press release, one non-performing loan totaling
Our non-performing assets to total assets ratio was
The Company continuously monitors its non-performing asset portfolio and believes the financial risk is related to these assets is well contained. In making this assessment, it is important to consider the process we undertake when a collateralized SBA non-performing asset requires collection efforts. We repurchase the sold portion of the government guaranteed loan to affect the foreclosure and resale of the property. This process immediately increases the non-performing asset balance on our balance sheet to include the government guaranteed portion – thus the importance of always adjusting for the government guaranteed portion of the non-performing assets as well as considering our “off balance sheet” assets consisting of the sold portion of USDA and SBA guaranteed loans of
(1) See Reconciliation of Non-GAAP Financial Measures
Other Financial and Operational Highlights
SBA Lending and Commercial Banking
SBA loan originations, and the subsequent sale of the government guaranteed portion of these loans, require SBA approval which could not be obtained during the federal government shut down in effect from October 1, 2025 to November 15, 2025. Our originators advised that not only were SBA loan approvals paused, but due to many unknowns, a general business slow down occurred. Despite these challenges, our SBA lending and commercial banking teams worked diligently to originate loans totaling
While the fourth quarter has historically seen our largest loan sales of any quarter, such as last year, when fourth quarter 2024 loan sales increased
It is also important to note that our efforts to manage loan spreads to improve our pretax gain on sale of loans margin have begun to impact results. The average pretax gain on sale of loans margin was
Gaming/Fintech
Credit Card
While we previously completed our new credit card application platform to improve applicant use, we further expanded and optimized integrations with Plaid, Experian, Neuro ID and Precise ID to better detect and mitigate customer application fraud. We are extremely pleased with the results as we have had zero fraud applications in last seventy-five days.We further determined that we must control full credit card and PPA™ payments at GBank as the originating depository financial institution or ODFI. This transition process has commenced and, upon completion, will provide the control and scalability to engage the large payment programs anticipated through our Gaming/Fintech agreements, particularly BoltBetz funding.
Following the sudden announcement by DraftKings that it was no longer accepting credit cards, our daily transactions initially declined then gradually recovered as card holders switched to apps that accept credit cards. Our card holders currently use over twenty sports apps. Further, our credit card is now being used as a funding method for the BoltBetz App. We are launching our targeted marketing approach for new credit card customers during the first quarter of 2026.
Other Gaming
The BoltBetz Prepaid Access/Slot program for Distill Taverns was approved by the Nevada Gaming Control Board on November 21, 2025. The approval acknowledged that GBank shall be holding and settling all player and Gaming Operator funds, and as such the Gaming Operator shall not be required to maintain certain regulatory reserves – a landmark event that concluded months of gaming agency evaluations. BoltBetz is live at the first Distill Tavern with eight more to follow. Further, preparations are underway to launch Terrible Gaming’s slot program early in the second quarter of 2026.
(1) See Reconciliation of Non-GAAP Financial Measures
Subsequent Events
On January 14, 2026, the Company completed a private placement of
On January 15, 2026, utilizing the proceeds from the 2026 Notes, the Company redeemed
Earnings Call
The Company will host its fourth quarter 2025 earnings call on Wednesday January 28, 2026 at 2:00 p.m. PST. Interested parties can participate remotely via Internet connectivity. There will be no physical location for attendance.
Interested parties may register for the event using this link:
https://gbank-financial-earnings-q425.open-exchange.net/
About GBank Financial Holdings Inc.
GBank Financial Holdings Inc. is a bank holding company headquartered in Las Vegas, Nevada and is listed on the Nasdaq Capital Market under the symbol “GBFH.” Through our wholly owned bank subsidiary, GBank, we operate two full-service commercial branches in Las Vegas, Nevada to provide a broad range of business, commercial and retail banking products and services to small businesses, middle-market enterprises, public entities and affluent individuals in Nevada, California, Utah, and Arizona. Please visit www.gbankfinancialholdings.com for more information.
Non-GAAP Financial Measures
Some of the financial measures included in this press release are not measures of financial performance recognized in accordance with generally accepted accounting principles in the United States (“GAAP”). The Company believes these non-GAAP financial measures provide both management and investors a more complete understanding of the Company’s financial position and performance. These non-GAAP financial measures are supplemental and are not a substitute for any analysis based on GAAP financial measures.
We classify a financial measure as being a non-GAAP financial measure if that financial measure excludes or includes amounts, or is subject to adjustments that have the effect of excluding or including amounts, that are included or excluded, as the case may be, in the most directly comparable measure calculated and presented in accordance with GAAP as in effect from time to time in the United States in our statements of income, balance sheets or statements of cash flows. Not all companies use the same calculation of these measures; therefore, this presentation may not be comparable to other similarly titled measures as presented by other companies.
A reconciliation of non-GAAP financial measures to GAAP financial measures is provided at the end of this press release.
Available Information
The Company routinely posts important information for investors on its web site (under www.gbankfinancialholdings.com and, more specifically, under the News & Media tab at www.gbankfinancialholdings.com/press-releases). The Company intends to use its web site as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD (Fair Disclosure) promulgated by the U.S. Securities and Exchange Commission (the “SEC”). Accordingly, investors should monitor the Company’s web site, in addition to following the Company’s press releases, SEC filings, public conference calls, presentations and webcasts.
The information contained on, or that may be accessed through, the Company’s web site is not incorporated by reference into, and is not a part of, this document.
Notice Regarding Disclosures and Forward-Looking Statements
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended (“Securities Act”). This announcement is being issued in accordance with Rule 135 under the Securities Act.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company’s current views with respect to future events and the Company’s financial performance. Any statements about the Company’s expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as “anticipate,” “believes,” “can,” “could,” “may,” “predicts,” “potential,” “should,” “will,” “estimate,” “plans,” “projects,” “continuing,” “ongoing,” “expects,” “intends” and similar words or phrases. The Company cautions that the forward-looking statements in this press release are based largely on the Company’s expectations and are subject to a number of known and unknown risks and uncertainties that are subject to change based on factors which are, in many instances, beyond the Company’s control. Factors that could cause such changes include, but are not limited to, (i) the impact on us and our customers of a decline in general economic conditions and any regulatory responses thereto; (ii) potential recession in the United States and our market areas; (iii) the impacts related to or resulting from uncertainty in the banking industry as a whole; (iv) increased competition for deposits in our market areas and related changes in deposit customer behavior; (v) the impact of changes in market interest rates, whether due to a continuation of the elevated interest rate environment or further reductions in interest rates and a resulting decline in net interest income; (vi) the lingering inflationary pressures, and the risk of the resurgence of elevated levels of inflation, in the United States and our market areas; (vii) the uncertain impacts of ongoing quantitative tightening and current and future monetary policies of the Board of Governors of the Federal Reserve System; (viii) changes in unemployment rates in the United States and our market areas; (ix) adverse changes in customer spending and savings habits; (x) declines in commercial real estate values and prices; (xi) a deterioration of the credit rating for U.S. long-term sovereign debt or uncertainty regarding United States fiscal debt, deficit and budget matters; (xii) cyber incidents or other failures, disruptions or breaches of our operational or security systems or infrastructure, or those of our third-party vendors or other service providers, including as a result of cyber-attacks; (xiii) severe weather, natural disasters, acts of war or terrorism, geopolitical instability or other external events, including as a result of the policies of the current U.S. presidential administration or Congress; (xiv) the impacts of tariffs, sanctions and other trade policies of the United States and its global trading counterparts and the resulting impact on the Company and its customers; (xv) competition and market expansion opportunities; (xvi) changes in non-interest expenditures or in the anticipated benefits of such expenditures; (xvii) the risks related to the development, implementation, use and management of emerging technologies, including artificial intelligence and machine learnings; (xviii) potential costs related to the impacts of climate change; (xix) current or future litigation, regulatory examinations or other legal and/or regulatory actions; and (xx) changes in applicable laws and regulations. Additional information regarding these risks and uncertainties to which the Company’s business and future financial performance are subject is contained in the Company’s most recent filings with SEC, including the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of such documents, and other documents the Company files or furnishes with the SEC from time to time, which are available on the SEC’s website, www.sec.gov. Actual results, performance or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements due to additional risks and uncertainties of which the Company is not currently aware or which it does not currently view as, but in the future may become, material to its business or operating results. Due to these and other possible uncertainties and risks, the Company can give no assurance that the results contemplated in the forward-looking statements will be realized and readers are cautioned not to place undue reliance on the forward-looking statements contained in this press release. Any forward-looking statements presented herein are made only as of the date of this press release, and the Company does not undertake any obligation to update or revise any forward-looking statements to reflect changes in assumptions, new information, the occurrence of unanticipated events, or otherwise, except as required by applicable law. All forward-looking statements, express or implied, included in the press release are qualified in their entirety by this cautionary statement.
For Further Information, Contact:
GBank Financial Holdings Inc.
Edward Nigro
Executive Chairman and CEO
702-851-4200
enigro@g.bank
| GBank Financial Holdings Inc. Condensed Consolidated Balance Sheets (Unaudited) | ||||||||||||||||||||||||||||||||||||
| Linked Quarter | Quarter Year-Over-Year | |||||||||||||||||||||||||||||||||||
| 12/31/25 vs. 9/30/25 | 12/31/25 vs. 12/31/24 | |||||||||||||||||||||||||||||||||||
| ($’s in 000, except per share data) | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | $ Var | % Var | $ Var | % Var | |||||||||||||||||||||||||||
| Assets | ||||||||||||||||||||||||||||||||||||
| Cash and Due From Banks | $ | 5,326 | $ | 4,988 | $ | 11,877 | $ | 6,701 | $ | 9,262 | $ | 338 | 6.8 | % | $ | (3,936 | ) | -42.5 | % | |||||||||||||||||
| Interest-Bearing Deposits With Other Financial Institutions | 192,538 | 98,402 | 131,352 | 140,270 | 114,860 | 94,136 | 95.7 | % | 77,678 | 67.6 | % | |||||||||||||||||||||||||
| Total Cash and Cash Equivalents | 197,864 | 103,390 | 143,229 | 146,971 | 124,122 | 94,474 | 91.4 | % | 73,742 | 59.4 | % | |||||||||||||||||||||||||
| Investment Securities: | ||||||||||||||||||||||||||||||||||||
| Available For Sale, at Fair Value | 71,038 | 85,774 | 82,886 | 71,468 | 65,609 | (14,736 | ) | -17.2 | % | 5,429 | 8.3 | % | ||||||||||||||||||||||||
| Held to Maturity, at Amortized Cost | - | 38,578 | 39,515 | 39,903 | 40,569 | (38,578 | ) | -100.0 | % | (40,569 | ) | -100.0 | % | |||||||||||||||||||||||
| Loans Held For Sale | 46,009 | 66,791 | 45,242 | 41,313 | 32,649 | (20,782 | ) | -31.1 | % | 13,360 | 40.9 | % | ||||||||||||||||||||||||
| Loans, Net of Deferred Fees and Costs: | ||||||||||||||||||||||||||||||||||||
| Commercial and Industrial | 80,216 | 66,226 | 59,021 | 56,885 | 64,000 | 13,990 | 21.1 | % | 16,216 | 25.3 | % | |||||||||||||||||||||||||
| Commercial Real Estate - Non-owner Occupied | 750,565 | 743,084 | 682,021 | 672,379 | 630,551 | 7,481 | 1.0 | % | 120,014 | 19.0 | % | |||||||||||||||||||||||||
| Commercial Real Estate - Owner Occupied | 94,576 | 97,396 | 96,526 | 81,768 | 88,802 | (2,820 | ) | -2.9 | % | 5,774 | 6.5 | % | ||||||||||||||||||||||||
| Construction and Land Development | 2,288 | 2,115 | 4,371 | 3,201 | 2,934 | 173 | 8.2 | % | (646 | ) | -22.0 | % | ||||||||||||||||||||||||
| Multifamily | 18,950 | 18,979 | 18,987 | 19,011 | 17,374 | (29 | ) | -0.2 | % | 1,576 | 9.1 | % | ||||||||||||||||||||||||
| Residential | 1,316 | 3,828 | 6,810 | 7,619 | 10,584 | (2,512 | ) | -65.6 | % | (9,268 | ) | -87.6 | % | |||||||||||||||||||||||
| Consumer | 11,358 | 8,963 | 3,894 | 2,502 | 1,713 | 2,395 | 26.7 | % | 9,645 | 563.0 | % | |||||||||||||||||||||||||
| Total Loans, Net of Deferred Fees and Costs | 959,269 | 940,591 | 871,630 | 843,365 | 815,958 | 18,678 | 2.0 | % | 143,311 | 17.6 | % | |||||||||||||||||||||||||
| Less: Allowance for Credit Losses | (9,890 | ) | (10,577 | ) | (9,205 | ) | (8,997 | ) | (9,114 | ) | 687 | -6.5 | % | (776 | ) | 8.5 | % | |||||||||||||||||||
| Total Net Loans | 949,379 | 930,014 | 862,425 | 834,368 | 806,844 | 19,365 | 2.1 | % | 142,535 | 17.7 | % | |||||||||||||||||||||||||
| Loan Servicing Asset | 11,140 | 10,621 | 9,736 | 9,231 | 8,976 | 519 | 4.9 | % | 2,164 | 24.1 | % | |||||||||||||||||||||||||
| Restricted Investment in Bank Stock | 5,513 | 5,513 | 5,513 | 4,652 | 4,652 | - | 0.0 | % | 861 | 18.5 | % | |||||||||||||||||||||||||
| All Other Assets | 78,548 | 60,697 | 43,878 | 42,106 | 38,943 | 17,851 | 29.4 | % | 39,605 | 101.7 | % | |||||||||||||||||||||||||
| Total Assets | $ | 1,359,491 | $ | 1,301,378 | $ | 1,232,424 | $ | 1,190,012 | $ | 1,122,364 | $ | 58,113 | 4.5 | % | $ | 237,127 | 21.1 | % | ||||||||||||||||||
| Liabilities | ||||||||||||||||||||||||||||||||||||
| Non-Interest Bearing Demand | $ | 214,127 | $ | 227,921 | $ | 228,913 | $ | 242,650 | $ | 239,672 | $ | (13,794 | ) | -6.1 | % | $ | (25,545 | ) | -10.7 | % | ||||||||||||||||
| Interest Bearing Demand | 70,966 | 63,741 | 57,254 | 62,035 | 68,132 | 7,225 | 11.3 | % | 2,834 | 4.2 | % | |||||||||||||||||||||||||
| Savings and Money Market | 289,038 | 281,435 | 309,559 | 280,056 | 256,724 | 7,603 | 2.7 | % | 32,314 | 12.6 | % | |||||||||||||||||||||||||
| Certificates of Deposit | 568,564 | 519,080 | 436,738 | 411,201 | 370,552 | 49,484 | 9.5 | % | 198,012 | 53.4 | % | |||||||||||||||||||||||||
| Total Deposits | 1,142,695 | 1,092,177 | 1,032,464 | 995,942 | 935,080 | 50,518 | 4.6 | % | 207,615 | 22.2 | % | |||||||||||||||||||||||||
| Short-Term Borrowings | 371 | - | - | - | - | 371 | 0.0 | % | 371 | -100.0 | % | |||||||||||||||||||||||||
| Subordinated Debt | 26,163 | 26,144 | 26,126 | 26,107 | 26,088 | 19 | 0.1 | % | 75 | 0.3 | % | |||||||||||||||||||||||||
| Operating Lease Liability | 5,757 | 5,942 | 6,121 | 6,299 | 4,839 | (185 | ) | -3.1 | % | 918 | 19.0 | % | ||||||||||||||||||||||||
| Other Liabilities | 18,750 | 18,922 | 15,964 | 15,048 | 15,657 | (172 | ) | -0.9 | % | 3,093 | 19.8 | % | ||||||||||||||||||||||||
| Total Liabilities | 1,193,736 | 1,143,185 | 1,080,675 | 1,043,396 | 981,664 | 50,551 | 4.4 | % | 212,072 | 21.6 | % | |||||||||||||||||||||||||
| Equity | ||||||||||||||||||||||||||||||||||||
| Common Stock | 1 | 1 | 1 | 1 | 1 | - | 0.0 | % | - | 0.0 | % | |||||||||||||||||||||||||
| Additional Paid-in Capital | 80,405 | 80,016 | 79,291 | 78,718 | 77,571 | 389 | 0.5 | % | 2,834 | 3.7 | % | |||||||||||||||||||||||||
| Retained Earnings | 85,366 | 77,970 | 73,662 | 68,906 | 64,437 | 7,396 | 9.5 | % | 20,929 | 32.5 | % | |||||||||||||||||||||||||
| Accumulated Other Comprehensive (Loss) Income | (17 | ) | 206 | (1,205 | ) | (1,009 | ) | (1,309 | ) | (223 | ) | -108.3 | % | 1,292 | -98.7 | % | ||||||||||||||||||||
| Total Stockholders’ Equity | 165,755 | 158,193 | 151,749 | 146,616 | 140,700 | 7,562 | 4.8 | % | 25,055 | 17.8 | % | |||||||||||||||||||||||||
| Total Liabilities & Stockholders’ Equity | $ | 1,359,491 | $ | 1,301,378 | $ | 1,232,424 | $ | 1,190,012 | $ | 1,122,364 | $ | 58,113 | 4.5 | % | $ | 237,127 | 21.1 | % | ||||||||||||||||||
| Book Value Per Common Share | $ | 11.52 | $ | 11.07 | $ | 10.63 | $ | 10.27 | $ | 9.87 | $ | 0.45 | 4.1 | % | $ | 1.65 | 16.7 | % | ||||||||||||||||||
| GBank Financial Holdings Inc. Condensed Consolidated Income Statements (Unaudited) | ||||||||||||||||||||||||||||
| Three Months Ended | For the Years Ended | |||||||||||||||||||||||||||
| ($’s in 000, except per share data) | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Dec 31, 2025 | Dec 31, 2024 | |||||||||||||||||||||
| Interest Income | ||||||||||||||||||||||||||||
| Loans | $ | 20,196 | $ | 18,919 | $ | 17,659 | $ | 16,836 | $ | 17,231 | $ | 73,609 | $ | 66,267 | ||||||||||||||
| Deposits With Other Financial Institutions | 1,018 | 1,160 | 1,365 | 1,192 | 1,099 | 4,737 | 4,604 | |||||||||||||||||||||
| Investment Securities | 1,404 | 1,421 | 1,414 | 1,281 | 1,177 | 5,520 | 3,983 | |||||||||||||||||||||
| Other Interest Bearing Balances | 121 | 122 | 117 | 100 | 103 | 460 | 375 | |||||||||||||||||||||
| Total Interest Income | 22,739 | 21,622 | 20,555 | 19,409 | 19,610 | 84,326 | 75,229 | |||||||||||||||||||||
| Interest Expense | ||||||||||||||||||||||||||||
| Deposits | 8,998 | 8,339 | 7,905 | 7,230 | 7,535 | 32,472 | 27,774 | |||||||||||||||||||||
| Short-term Borrowings and Subordinated Debt | 286 | 285 | 262 | 285 | 286 | 1,119 | 1,255 | |||||||||||||||||||||
| Total Interest Expense | 9,284 | 8,624 | 8,167 | 7,515 | 7,821 | 33,591 | 29,029 | |||||||||||||||||||||
| Net Interest Income | 13,455 | 12,998 | 12,388 | 11,894 | 11,789 | 50,735 | 46,200 | |||||||||||||||||||||
| Net Benefit (Provision) for Credit Losses - Loans | 130 | (2,207 | ) | (1,079 | ) | (710 | ) | (1,337 | ) | (3,866 | ) | (2,190 | ) | |||||||||||||||
| Net Benefit (Provision) for Credit Losses - Unfunded Commitments | 52 | (12 | ) | (13 | ) | (11 | ) | (13 | ) | 16 | (53 | ) | ||||||||||||||||
| Net Interest Income after Provision for Credit Losses | 13,637 | 10,779 | 11,296 | 11,173 | 10,439 | 46,885 | 43,957 | |||||||||||||||||||||
| Non-Interest Income | ||||||||||||||||||||||||||||
| Gain on Sales of Loans | 3,625 | 3,592 | 2,593 | 2,537 | 3,998 | 12,347 | 12,082 | |||||||||||||||||||||
| Loan Servicing Income | 963 | 762 | 750 | 703 | 597 | 3,178 | 1,757 | |||||||||||||||||||||
| Service Charges and Fees | 56 | 60 | 54 | 56 | 54 | 228 | 184 | |||||||||||||||||||||
| Net Interchange Fees | 1,806 | 2,406 | 1,535 | 2,003 | 947 | 7,750 | 1,397 | |||||||||||||||||||||
| Gain on Sale of Investment Securities | 426 | - | - | - | - | 426 | - | |||||||||||||||||||||
| Other Income | 387 | 357 | 452 | 164 | 168 | 1,357 | 818 | |||||||||||||||||||||
| Total Non-Interest Income | 7,263 | 7,177 | 5,384 | 5,463 | 5,764 | 25,286 | 16,238 | |||||||||||||||||||||
| Non-Interest Expenses | ||||||||||||||||||||||||||||
| Salaries and Employee Benefits | 6,237 | 6,589 | 6,235 | 6,400 | 5,813 | 25,460 | 22,349 | |||||||||||||||||||||
| Occupancy Expenses | 410 | 418 | 400 | 392 | 398 | 1,620 | 1,667 | |||||||||||||||||||||
| Other Expenses | 4,813 | 5,310 | 3,761 | 4,115 | 3,509 | 17,998 | 12,269 | |||||||||||||||||||||
| Total Non-Interest Expenses | 11,460 | 12,317 | 10,396 | 10,907 | 9,720 | 45,078 | 36,285 | |||||||||||||||||||||
| Income Before Provision For Income Taxes | 9,440 | 5,639 | 6,284 | 5,729 | 6,483 | 27,093 | 23,910 | |||||||||||||||||||||
| Provision For Income Taxes | (2,026 | ) | (1,282 | ) | (1,486 | ) | (1,224 | ) | (1,239 | ) | (6,019 | ) | (5,274 | ) | ||||||||||||||
| Net Income Before Equity Investment Loss | 7,414 | 4,357 | 4,798 | 4,505 | 5,244 | 21,074 | 18,636 | |||||||||||||||||||||
| Net Loss Attributable to Equity Investment | (18 | ) | (49 | ) | (43 | ) | (35 | ) | - | (145 | ) | - | ||||||||||||||||
| Net Income | $ | 7,396 | $ | 4,308 | $ | 4,755 | $ | 4,470 | $ | 5,244 | $ | 20,929 | $ | 18,636 | ||||||||||||||
| Earnings Per Share | $ | 0.52 | $ | 0.30 | $ | 0.33 | $ | 0.31 | $ | 0.37 | $ | 1.46 | $ | 1.41 | ||||||||||||||
| Earnings Per Share (Diluted) | $ | 0.51 | $ | 0.30 | $ | 0.33 | $ | 0.31 | $ | 0.37 | $ | 1.44 | $ | 1.39 | ||||||||||||||
| Average Common Shares Outstanding | 14,360 | 14,280 | 14,274 | 14,256 | 14,095 | 14,293 | 13,197 | |||||||||||||||||||||
| Diluted Average Common Shares Outstanding | 14,555 | 14,525 | 14,551 | 14,549 | 14,327 | 14,484 | 13,426 | |||||||||||||||||||||
| GBank Financial Holdings Inc. Quarter-to-Date Average Balances, Rates, and Interest Income and Expense (Unaudited) | |||||||||||||||||||||||||||||||||||||
| For the Three Months Ended | |||||||||||||||||||||||||||||||||||||
| December 31, 2025 | September 30, 2025 | December 31, 2024 | |||||||||||||||||||||||||||||||||||
| (Dollars in thousands) | Average | Yield/ | Average | Yield/ | Average | Yield/ | |||||||||||||||||||||||||||||||
| Balance | Interest | Rate(1) | Balance | Interest | Rate(1) | Balance | Interest | Rate(1) | |||||||||||||||||||||||||||||
| ASSETS: | |||||||||||||||||||||||||||||||||||||
| Interest Bearing Deposits | $ | 96,621 | $ | 1,018 | 4.18 | % | $ | 97,822 | $ | 1,160 | 4.70 | % | $ | 85,424 | $ | 1,099 | 5.12 | % | |||||||||||||||||||
| Investment Securities: | |||||||||||||||||||||||||||||||||||||
| Taxable | 123,431 | 1,404 | 4.51 | % | 122,158 | 1,421 | 4.62 | % | 98,712 | 1,177 | 4.74 | % | |||||||||||||||||||||||||
| Loans and Loans Held For Sale | 1,041,955 | 20,196 | 7.69 | % | 960,679 | 18,919 | 7.81 | % | 846,583 | 17,231 | 8.10 | % | |||||||||||||||||||||||||
| Restricted Investment in Bank Stock | 5,513 | 121 | 8.71 | % | 5,513 | 122 | 8.78 | % | 4,652 | 103 | 8.81 | % | |||||||||||||||||||||||||
| Total Earning Assets | 1,267,520 | 22,739 | 7.12 | % | 1,186,172 | 21,622 | 7.23 | % | 1,035,371 | 19,610 | 7.53 | % | |||||||||||||||||||||||||
| Cash and Due From Banks | 6,834 | 7,050 | 5,938 | ||||||||||||||||||||||||||||||||||
| Other Assets | 61,709 | 54,801 | 38,753 | ||||||||||||||||||||||||||||||||||
| Total Assets | $ | 1,336,063 | $ | 1,248,023 | $ | 1,080,062 | |||||||||||||||||||||||||||||||
| LIABILITIES & STOCKHOLDERS’ EQUITY | |||||||||||||||||||||||||||||||||||||
| Deposits: | |||||||||||||||||||||||||||||||||||||
| Interest-bearing Demand | $ | 67,611 | 415 | 2.44 | % | $ | 60,404 | 320 | 2.10 | % | $ | 64,453 | 385 | 2.38 | % | ||||||||||||||||||||||
| Money Market and Savings | 288,993 | 2,714 | 3.73 | % | 307,322 | 2,938 | 3.79 | % | 255,068 | 2,496 | 3.89 | % | |||||||||||||||||||||||||
| Certificates of Deposit | 547,516 | 5,869 | 4.25 | % | 456,611 | 5,081 | 4.41 | % | 359,285 | 4,654 | 5.15 | % | |||||||||||||||||||||||||
| Total Interest-Bearing Deposits | 904,120 | 8,998 | 3.95 | % | 824,337 | 8,339 | 4.01 | % | 678,806 | 7,535 | 4.42 | % | |||||||||||||||||||||||||
| Short-Term Borrowings | 4 | - | 0.00 | % | - | - | 0.00 | % | 2 | - | 0.00 | % | |||||||||||||||||||||||||
| Subordinated Debt | 26,151 | 286 | 4.34 | % | 26,132 | 285 | 4.33 | % | 26,076 | 286 | 4.36 | % | |||||||||||||||||||||||||
| Total Interest-Bearing Liabilities | 930,275 | 9,284 | 3.96 | % | 850,469 | 8,624 | 4.02 | % | 704,884 | 7,821 | 4.41 | % | |||||||||||||||||||||||||
| Noninterest-bearing Deposits | 216,455 | 217,547 | 214,880 | ||||||||||||||||||||||||||||||||||
| Other Liabilities | 26,582 | 23,115 | 22,403 | ||||||||||||||||||||||||||||||||||
| Stockholders’ Equity | 162,751 | 156,892 | 137,895 | ||||||||||||||||||||||||||||||||||
| Total Liabilities & Stockholders’ Equity | $ | 1,336,063 | $ | 1,248,023 | $ | 1,080,062 | |||||||||||||||||||||||||||||||
| Net Interest Income | $ | 13,455 | $ | 12,998 | $ | 11,789 | |||||||||||||||||||||||||||||||
| Total Yield on Earning Assets | 7.12 | % | 7.23 | % | 7.53 | % | |||||||||||||||||||||||||||||||
| Cost on Interest-Bearing Liabilities | 3.96 | % | 4.02 | % | 4.41 | % | |||||||||||||||||||||||||||||||
| Average Interest Spread | 3.16 | % | 3.21 | % | 3.12 | % | |||||||||||||||||||||||||||||||
| Net Interest Margin | 4.21 | % | 4.35 | % | 4.53 | % | |||||||||||||||||||||||||||||||
| (1) Ratios are annualized on an actual/actual basis | |||||||||||||||||||||||||||||||||||||
| GBank Financial Holdings Inc. Year-to-Date Average Balances, Rates, and Interest Income and Expense (Unaudited) | ||||||||||||||||||||||||
| For the Years Ended | ||||||||||||||||||||||||
| December 31, 2025 | December 31, 2024 | |||||||||||||||||||||||
| (Dollars in thousands) | Average | Yield/ | Average | Yield/ | ||||||||||||||||||||
| Balance | Interest | Rate(1) | Balance | Interest | Rate(1) | |||||||||||||||||||
| ASSETS: | ||||||||||||||||||||||||
| Interest Bearing Deposits | $ | 103,230 | $ | 4,737 | 4.59 | % | $ | 81,479 | $ | 4,604 | 5.65 | % | ||||||||||||
| Investment Securities: | ||||||||||||||||||||||||
| Taxable | 117,735 | 5,520 | 4.69 | % | 85,799 | 3,983 | 4.64 | % | ||||||||||||||||
| Loans and Loans Held For Sale | 945,611 | 73,609 | 7.78 | % | 792,360 | 66,267 | 8.36 | % | ||||||||||||||||
| Restricted Investment in Bank Stock | 5,263 | 460 | 8.74 | % | 4,234 | 375 | 8.86 | % | ||||||||||||||||
| Total Earning Assets | 1,171,839 | 84,326 | 7.20 | % | 963,872 | 75,229 | 7.80 | % | ||||||||||||||||
| Cash and Due From Banks | 6,723 | 6,043 | ||||||||||||||||||||||
| Other Assets | 49,472 | 35,834 | ||||||||||||||||||||||
| Total Assets | $ | 1,228,034 | $ | 1,005,749 | ||||||||||||||||||||
| LIABILITIES & STOCKHOLDERS’ EQUITY | ||||||||||||||||||||||||
| Deposits: | ||||||||||||||||||||||||
| Interest-bearing Demand | $ | 63,504 | 1,406 | 2.21 | % | $ | 65,776 | 1,594 | 2.42 | % | ||||||||||||||
| Money Market and Savings | 291,167 | 10,993 | 3.78 | % | 224,037 | 8,797 | 3.93 | % | ||||||||||||||||
| Certificates of Deposit | 451,401 | 20,073 | 4.45 | % | 332,816 | 17,383 | 5.22 | % | ||||||||||||||||
| Total Interest-Bearing Deposits | 806,072 | 32,472 | 4.03 | % | 622,629 | 27,774 | 4.46 | % | ||||||||||||||||
| Short-Term Borrowings | 1 | - | 0.00 | % | 2,046 | 113 | 5.52 | % | ||||||||||||||||
| Subordinated Debt | 26,123 | 1,118 | 4.28 | % | 26,049 | 1,142 | 4.38 | % | ||||||||||||||||
| Total Interest-Bearing Liabilities | 832,196 | 33,590 | 4.04 | % | 650,724 | 29,029 | 4.46 | % | ||||||||||||||||
| Noninterest-bearing Deposits | 219,009 | 219,395 | ||||||||||||||||||||||
| Other Liabilities | 23,078 | 20,139 | ||||||||||||||||||||||
| Stockholders’ Equity | 153,751 | 115,491 | ||||||||||||||||||||||
| Total Liabilities & Stockholders’ Equity | $ | 1,228,034 | $ | 1,005,749 | ||||||||||||||||||||
| Net Interest Income | $ | 50,736 | $ | 46,200 | ||||||||||||||||||||
| Total Yield on Earning Assets | 7.20 | % | 7.80 | % | ||||||||||||||||||||
| Cost on Interest-Bearing Liabilities | 4.04 | % | 4.46 | % | ||||||||||||||||||||
| Average Interest Spread | 3.16 | % | 3.34 | % | ||||||||||||||||||||
| Net Interest Margin | 4.33 | % | 4.79 | % | ||||||||||||||||||||
| (1) Ratios are annualized on an actual/actual basis | ||||||||||||||||||||||||
| GBank Financial Holdings Inc. Additional Financial Information (Unaudited) | ||||||||||||||||||||||||||||
| Three Months Ended | For the Years Ended | |||||||||||||||||||||||||||
| ($’s in 000, except per share data) | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Dec 31, 2025 | Dec 31, 2024 | |||||||||||||||||||||
| Key Performance Metrics | ||||||||||||||||||||||||||||
| Return on Average Assets-Net Income (1) | 2.20 | % | 1.37 | % | 1.59 | % | 1.61 | % | 1.93 | % | 1.70 | % | 1.85 | % | ||||||||||||||
| Return on Average Stockholders’ Equity(1) | 18.03 | % | 10.89 | % | 12.62 | % | 12.59 | % | 15.13 | % | 13.61 | % | 16.14 | % | ||||||||||||||
| Efficiency Ratio | 55.31 | % | 61.05 | % | 58.50 | % | 62.84 | % | 55.38 | % | 59.30 | % | 58.11 | % | ||||||||||||||
| Net Interest Margin(1) | 4.21 | % | 4.35 | % | 4.31 | % | 4.47 | % | 4.53 | % | 4.33 | % | 4.79 | % | ||||||||||||||
| Net Revenue(2) | $ | 20,718 | $ | 20,175 | $ | 17,772 | $ | 17,357 | $ | 17,553 | $ | 76,021 | $ | 62,438 | ||||||||||||||
| Common Equity / Assets | 12.19 | % | 12.16 | % | 12.30 | % | 12.32 | % | 12.54 | % | 12.19 | % | 12.54 | % | ||||||||||||||
| Tier 1 Leverage Ratio - Bank | 13.42 | % | 13.72 | % | 13.82 | % | 14.23 | % | 12.90 | % | 13.42 | % | 12.90 | % | ||||||||||||||
| Selected Loan Metrics | ||||||||||||||||||||||||||||
| Guaranteed Portion of Loans Held for Sale | $ | 46,009 | $ | 66,791 | $ | 45,242 | $ | 41,313 | $ | 32,649 | $ | 46,009 | $ | 32,649 | ||||||||||||||
| Guaranteed Portion of Loans Held for Investment | 183,739 | 193,688 | 192,324 | 204,239 | 201,267 | 183,739 | 201,267 | |||||||||||||||||||||
| Total Guaranteed Loans | 229,748 | 260,479 | 237,566 | 245,552 | 233,916 | 229,748 | 233,916 | |||||||||||||||||||||
| Guaranteed Loans as a Percent of Total Loans(2) | 19.2 | % | 20.6 | % | 22.1 | % | 24.2 | % | 24.7 | % | 19.2 | % | 24.7 | % | ||||||||||||||
| SBA Loan Originations | $ | 106,744 | $ | 207,683 | $ | 132,256 | $ | 129,351 | $ | 103,886 | $ | 576,034 | $ | 501,879 | ||||||||||||||
| SBA Loans Sold | $ | 92,258 | $ | 110,820 | $ | 82,140 | $ | 68,720 | $ | 98,545 | $ | 353,939 | $ | 316,409 | ||||||||||||||
| Gain on Loan Sales Margin(2) | 3.93 | % | 3.24 | % | 3.16 | % | 3.69 | % | 4.06 | % | 3.49 | % | 3.82 | % | ||||||||||||||
| Asset Quality | ||||||||||||||||||||||||||||
| Total nonaccrual loans | $ | 32,141 | $ | 34,608 | $ | 18,227 | $ | 19,220 | $ | 14,128 | $ | 32,141 | $ | 14,128 | ||||||||||||||
| Loans past due 90 days and still accruing | 854 | 184 | 146 | 1,153 | 40 | 854 | 40 | |||||||||||||||||||||
| Other real estate owned | 4,401 | 2,684 | - | - | - | 4,401 | - | |||||||||||||||||||||
| Total non-performing assets | $ | 37,396 | $ | 37,476 | $ | 18,373 | $ | 20,373 | $ | 14,168 | $ | 37,396 | $ | 14,168 | ||||||||||||||
| Non-performing assets: guaranteed portion | $ | 24,849 | $ | 27,112 | $ | 13,792 | $ | 14,687 | $ | 9,321 | $ | 24,849 | $ | 9,321 | ||||||||||||||
| Non-performing assets: non-guaranteed portion | $ | 12,547 | $ | 10,364 | $ | 4,581 | $ | 5,686 | $ | 4,847 | $ | 12,547 | $ | 4,847 | ||||||||||||||
| Non-performing assets to total assets | 2.75 | % | 2.88 | % | 1.49 | % | 1.71 | % | 1.26 | % | 2.75 | % | 1.26 | % | ||||||||||||||
| Non-performing assets, excluding guaranteed, to total assets(2) | 0.92 | % | 0.80 | % | 0.37 | % | 0.48 | % | 0.43 | % | 0.92 | % | 0.43 | % | ||||||||||||||
| Net charge-offs (recoveries) | $ | 557 | $ | 836 | $ | 870 | $ | 828 | $ | 157 | $ | 3,091 | $ | 164 | ||||||||||||||
| Loans past due 30-89 days and accruing | $ | 9,843 | $ | 3,595 | $ | 8,182 | $ | 14,853 | $ | 11,822 | $ | 9,843 | $ | 11,822 | ||||||||||||||
| Loans past due 30-89 days and accruing: guaranteed portion | $ | 4,574 | $ | 2,351 | $ | 5,650 | $ | 11,915 | $ | 8,713 | $ | 4,574 | $ | 8,713 | ||||||||||||||
| Loans past due 30-89 days and accruing: non-guaranteed portion | $ | 5,269 | $ | 1,244 | $ | 2,532 | $ | 2,938 | $ | 3,109 | $ | 5,269 | $ | 3,109 | ||||||||||||||
| Allowance for Credit Losses (ACL) | $ | 9,890 | $ | 10,577 | $ | 9,205 | $ | 8,997 | $ | 9,114 | $ | 9,890 | $ | 9,114 | ||||||||||||||
| Nonaccrual loans | $ | 32,141 | $ | 34,608 | $ | 18,227 | $ | 19,220 | $ | 14,128 | $ | 32,141 | $ | 14,128 | ||||||||||||||
| ACL to nonaccrual loans | 31 | % | 31 | % | 51 | % | 47 | % | 65 | % | 31 | % | 65 | % | ||||||||||||||
| ACL to nonaccrual loans, excluding guaranteed(2) | 136 | % | 141 | % | 208 | % | 168 | % | 190 | % | 136 | % | 190 | % | ||||||||||||||
| ACL to loans | 1.03 | % | 1.12 | % | 1.06 | % | 1.07 | % | 1.12 | % | 1.03 | % | 1.12 | % | ||||||||||||||
| ACL to loans, excluding guaranteed(2) | 1.28 | % | 1.42 | % | 1.36 | % | 1.41 | % | 1.48 | % | 1.28 | % | 1.48 | % | ||||||||||||||
| Book Value | ||||||||||||||||||||||||||||
| Stockholders’ Equity | $ | 165,755 | $ | 158,193 | $ | 151,749 | $ | 146,616 | $ | 140,700 | $ | 165,755 | $ | 140,700 | ||||||||||||||
| Common shares outstanding | 14,385 | 14,288 | 14,274 | 14,271 | 14,252 | 14,385 | 14,252 | |||||||||||||||||||||
| Book value per common share | $ | 11.52 | $ | 11.07 | $ | 10.63 | $ | 10.27 | $ | 9.87 | $ | 11.52 | $ | 9.87 | ||||||||||||||
| Full-Time Equivalent Employees | 184 | 187 | 188 | 175 | 169 | 184 | 169 | |||||||||||||||||||||
| (1) Ratios are annualized on an actual/actual basis | ||||||||||||||||||||||||||||
| (2) See Reconciliation of Non-GAAP Financial Measures | ||||||||||||||||||||||||||||
| GBank Financial Holdings Inc. Reconciliation of Non-GAAP Financial Measures (Unaudited) | ||||||||||||||||||||||||||||
| Three Months Ended | Years Ended | |||||||||||||||||||||||||||
| ($'s in 000, except per share data) | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Dec 31, 2025 | Dec 31, 2024 | |||||||||||||||||||||
| Net Revenue(1) | ||||||||||||||||||||||||||||
| Net Interest Income | $ | 13,455 | $ | 12,998 | $ | 12,388 | $ | 11,894 | $ | 11,789 | $ | 50,735 | $ | 46,200 | ||||||||||||||
| Non-Interest Income | 7,263 | 7,177 | 5,384 | 5,463 | 5,764 | 25,286 | 16,238 | |||||||||||||||||||||
| Net Revenue | $ | 20,718 | $ | 20,175 | $ | 17,772 | $ | 17,357 | $ | 17,553 | $ | 76,021 | $ | 62,438 | ||||||||||||||
| Adjusted Diluted Earnings Per Share Excluding Unusual Items(2) | ||||||||||||||||||||||||||||
| Net Income | $ | 7,396 | $ | 4,308 | $ | 4,755 | $ | 4,470 | $ | 5,244 | $ | 20,929 | $ | 18,636 | ||||||||||||||
| Unusual Items: | ||||||||||||||||||||||||||||
| Form S-1 and Uplist Costs | - | 30 | 290 | 759 | 367 | 1,079 | 367 | |||||||||||||||||||||
| Severance Expenses | 257 | 1,001 | - | - | - | 1,258 | - | |||||||||||||||||||||
| Costs Incurred Related to Discontinued Credit Card Marketing Campaign | 416 | 1,692 | - | - | - | 2,108 | - | |||||||||||||||||||||
| Net Gain on Sales of Investment Securities | (426 | ) | - | - | - | - | (426 | ) | - | |||||||||||||||||||
| Tax Effect of Unusual Expenses | (55 | ) | (605 | ) | (64 | ) | (169 | ) | (82 | ) | (893 | ) | (81 | ) | ||||||||||||||
| Net Income Excluding Unusual Items | $ | 7,588 | $ | 6,426 | $ | 4,981 | $ | 5,060 | $ | 5,529 | $ | 24,055 | $ | 18,922 | ||||||||||||||
| Weighted average diluted shares outstanding | 14,555 | 14,525 | 14,551 | 14,549 | 14,327 | 14,484 | 13,426 | |||||||||||||||||||||
| Diluted Earnings Per Share | $ | 0.51 | $ | 0.30 | $ | 0.33 | $ | 0.31 | $ | 0.37 | $ | 1.44 | $ | 1.39 | ||||||||||||||
| Adjusted Diluted Earnings Per Share Excluding Unusual Expenses | $ | 0.52 | $ | 0.44 | $ | 0.34 | $ | 0.35 | $ | 0.39 | $ | 1.66 | $ | 1.41 | ||||||||||||||
| Gain on Loan Sales Margin(1) | ||||||||||||||||||||||||||||
| Gain on Sale of Loans | $ | 3,625 | $ | 3,592 | $ | 2,593 | $ | 2,537 | $ | 3,998 | $ | 12,347 | $ | 12,082 | ||||||||||||||
| Loans Sold | 92,258 | 110,820 | 82,140 | 68,720 | 98,545 | 353,939 | 316,409 | |||||||||||||||||||||
| Gain on Loan Sales Margin | 3.93 | % | 3.24 | % | 3.16 | % | 3.69 | % | 4.06 | % | 3.49 | % | 3.82 | % | ||||||||||||||
| Guaranteed Loans as a Percent of Loans(3) | ||||||||||||||||||||||||||||
| SBA and USDA Guaranteed Loans | $ | 183,739 | $ | 193,688 | $ | 192,324 | $ | 204,239 | $ | 201,267 | $ | 183,739 | $ | 201,267 | ||||||||||||||
| Loans, Net of Deferred Fees and Costs | 959,269 | 940,591 | 871,630 | 843,365 | 815,958 | 959,269 | 815,958 | |||||||||||||||||||||
| Guaranteed Loans as a % of Loans | 19.2 | % | 20.6 | % | 22.1 | % | 24.2 | % | 24.7 | % | 19.2 | % | 24.7 | % | ||||||||||||||
| Non-performing assets, excluding guaranteed, to total assets(3) | ||||||||||||||||||||||||||||
| Non-performing assets | $ | 37,396 | $ | 37,476 | $ | 18,373 | $ | 20,373 | $ | 14,168 | $ | 37,396 | $ | 14,168 | ||||||||||||||
| Less: SBA and USDA guaranteed portions of non-performing assets | 24,849 | 27,112 | 13,792 | 14,687 | 9,321 | 24,849 | 9,321 | |||||||||||||||||||||
| Non-performing assets, excluding guaranteed portions | 12,547 | 10,364 | 4,581 | 5,686 | 4,847 | 12,547 | 4,847 | |||||||||||||||||||||
| Total assets | 1,359,491 | 1,301,378 | 1,232,424 | 1,190,012 | 1,122,364 | 1,359,491 | 1,122,364 | |||||||||||||||||||||
| Non-performing assets, excluding guaranteed, to total assets | 0.92 | % | 0.80 | % | 0.37 | % | 0.48 | % | 0.43 | % | 0.92 | % | 0.43 | % | ||||||||||||||
| Allowance for credit losses (ACL) to nonaccrual loans, excluding guaranteed(3) | ||||||||||||||||||||||||||||
| Nonaccrual loans | $ | 32,141 | $ | 34,608 | $ | 18,227 | $ | 19,220 | $ | 14,128 | $ | 32,141 | $ | 14,128 | ||||||||||||||
| Less: SBA and USDA guaranteed portions of nonaccrual loans | 24,849 | 27,111 | 13,792 | 13,859 | 9,321 | 24,849 | 9,321 | |||||||||||||||||||||
| Nonaccrual loans, excluding guaranteed portions | 7,292 | 7,497 | 4,435 | 5,361 | 4,807 | 7,292 | 4,807 | |||||||||||||||||||||
| ACL to nonaccrual loans, excluding guaranteed | 136 | % | 141 | % | 208 | % | 168 | % | 190 | % | 136 | % | 190 | % | ||||||||||||||
| ACL to loans, excluding guaranteed(3) | ||||||||||||||||||||||||||||
| Loans, net of deferred fees and costs | $ | 959,269 | $ | 940,591 | $ | 871,630 | $ | 843,365 | $ | 815,958 | $ | 959,269 | $ | 815,958 | ||||||||||||||
| Less: SBA and USDA guaranteed portions of loans | 183,739 | 193,688 | 192,324 | 204,239 | 201,267 | 183,739 | 201,267 | |||||||||||||||||||||
| Loans, excluding guaranteed | 775,530 | 746,903 | 679,306 | 639,126 | 614,691 | 775,530 | 614,691 | |||||||||||||||||||||
| ACL to loans, excluding guaranteed | 1.28 | % | 1.42 | % | 1.36 | % | 1.41 | % | 1.48 | % | 1.28 | % | 1.48 | % | ||||||||||||||
| Non-GAAP Financial Measures Footnotes | ||||||||||||||||||||||||||||
| (1) We believe this non-GAAP measurement presents trends in income generation of the Company. | ||||||||||||||||||||||||||||
| (2) We believe this non-GAAP measurement presents the core earnings and core ratios of the Company by excluding certain significant one-time expenses. | ||||||||||||||||||||||||||||
| (3) We believe these non-GAAP measurements provide useful metrics regarding the at-risk assets of the Company. | ||||||||||||||||||||||||||||
FAQ
What did GBFH report for Q4 2025 net income and EPS?
How did GBFH perform on revenue and profitability metrics in Q4 2025?
What drove GBFH's loan-sale gains and how large were they in Q4 2025?
How were GBFH's SBA originations affected in Q4 2025 (GBFH)?
What are GBFH's key balance-sheet totals as of December 31, 2025?
