GBank Financial Holdings Inc. Announces Second Quarter 2025 Financial Results
GBank Financial Holdings Inc. (NASDAQ: GBFH) reported Q2 2025 net income of $4.8 million ($0.33 per diluted share), up from $4.5 million in Q1 2025. The company achieved record SBA lending with originations of $160.5 million.
Key Q2 2025 metrics include: net revenue of $17.8 million (2.4% increase QoQ), loan sales gain of $2.6 million, and net interest income of $12.4 million (4.2% increase QoQ). Total assets reached $1.23 billion, with deposits at $1.032 billion and total loans at $871.6 million.
Notable challenges included a decline in credit card transaction volume to $82.2 million (vs $105.6 million in Q1) and lower gain on loan sale margin of 3.16%. The bank's efficiency ratio improved to 58.5% from 62.8% in Q1 2025.
GBank Financial Holdings Inc. (NASDAQ: GBFH) ha riportato un utile netto di 4,8 milioni di dollari nel secondo trimestre del 2025 (0,33 dollari per azione diluita), in aumento rispetto ai 4,5 milioni di dollari del primo trimestre 2025. La società ha raggiunto un livello record di prestiti SBA con erogazioni pari a 160,5 milioni di dollari.
I principali indicatori del secondo trimestre 2025 includono: ricavi netti per 17,8 milioni di dollari (incremento del 2,4% rispetto al trimestre precedente), un guadagno dalle vendite di prestiti di 2,6 milioni di dollari e un reddito netto da interessi di 12,4 milioni di dollari (aumento del 4,2% QoQ). Gli attivi totali hanno raggiunto 1,23 miliardi di dollari, con depositi pari a 1,032 miliardi e prestiti totali per 871,6 milioni di dollari.
Tra le sfide rilevanti si segnala una diminuzione del volume delle transazioni con carta di credito a 82,2 milioni di dollari (rispetto a 105,6 milioni nel primo trimestre) e un margine inferiore sul guadagno dalla vendita di prestiti, pari al 3,16%. Il rapporto di efficienza della banca è migliorato, passando dal 62,8% del primo trimestre 2025 al 58,5%.
GBank Financial Holdings Inc. (NASDAQ: GBFH) reportó un ingreso neto de 4,8 millones de dólares en el segundo trimestre de 2025 (0,33 dólares por acción diluida), aumentando desde 4,5 millones en el primer trimestre de 2025. La compañía alcanzó un récord en préstamos SBA con originaciones por 160,5 millones de dólares.
Las métricas clave del segundo trimestre de 2025 incluyen: ingresos netos de 17,8 millones de dólares (un aumento del 2,4% trimestre a trimestre), una ganancia por ventas de préstamos de 2,6 millones y un ingreso neto por intereses de 12,4 millones de dólares (incremento del 4,2% trimestre a trimestre). Los activos totales alcanzaron 1,23 mil millones de dólares, con depósitos de 1,032 mil millones y préstamos totales de 871,6 millones.
Entre los desafíos notables se encuentran una disminución en el volumen de transacciones con tarjeta de crédito a 82,2 millones de dólares (frente a 105,6 millones en el primer trimestre) y un margen menor en la ganancia por venta de préstamos del 3,16%. La relación de eficiencia del banco mejoró a 58,5% desde el 62,8% en el primer trimestre de 2025.
GBank Financial Holdings Inc. (NASDAQ: GBFH)는 2025년 2분기에 480만 달러의 순이익(희석 주당 0.33달러)을 보고했으며, 이는 2025년 1분기의 450만 달러에서 증가한 수치입니다. 회사는 최고 기록인 SBA 대출을 달성하여 1억 6,050만 달러의 신규 대출을 성사시켰습니다.
2025년 2분기 주요 지표는 다음과 같습니다: 순수익 1,780만 달러(전 분기 대비 2.4% 증가), 대출 매각 이익 260만 달러, 순이자수익 1,240만 달러(전 분기 대비 4.2% 증가). 총 자산은 12억 3천만 달러에 달했으며, 예금은 10억 3,200만 달러, 총 대출금은 8억 7,160만 달러였습니다.
주요 도전 과제로는 신용카드 거래량이 8,220만 달러로 감소한 점(1분기 1억 560만 달러 대비)과 대출 매각 마진이 3.16%로 낮아진 점이 있었습니다. 은행의 효율성 비율은 2025년 1분기 62.8%에서 58.5%로 개선되었습니다.
GBank Financial Holdings Inc. (NASDAQ: GBFH) a annoncé un bénéfice net de 4,8 millions de dollars au deuxième trimestre 2025 (0,33 dollar par action diluée), en hausse par rapport à 4,5 millions au premier trimestre 2025. La société a atteint un niveau record de prêts SBA avec des originations de 160,5 millions de dollars.
Les indicateurs clés du deuxième trimestre 2025 comprennent : un revenu net de 17,8 millions de dollars (augmentation de 2,4 % trimestre sur trimestre), un gain sur vente de prêts de 2,6 millions et un revenu net d’intérêts de 12,4 millions de dollars (augmentation de 4,2 % trimestre sur trimestre). Le total des actifs a atteint 1,23 milliard de dollars, avec des dépôts à 1,032 milliard et des prêts totaux à 871,6 millions.
Parmi les défis notables figurent une baisse du volume des transactions par carte de crédit à 82,2 millions de dollars (contre 105,6 millions au premier trimestre) et une marge plus faible sur le gain de vente de prêts de 3,16 %. Le ratio d’efficacité de la banque s’est amélioré à 58,5 % contre 62,8 % au premier trimestre 2025.
GBank Financial Holdings Inc. (NASDAQ: GBFH) meldete für das zweite Quartal 2025 einen Nettogewinn von 4,8 Millionen US-Dollar (0,33 US-Dollar je verwässerter Aktie), was eine Steigerung gegenüber 4,5 Millionen US-Dollar im ersten Quartal 2025 darstellt. Das Unternehmen erzielte rekordverdächtige SBA-Kreditvergaben mit einem Volumen von 160,5 Millionen US-Dollar.
Wichtige Kennzahlen für das zweite Quartal 2025 umfassen: Nettoeinnahmen von 17,8 Millionen US-Dollar (ein Anstieg von 2,4 % im Quartalsvergleich), ein Gewinn aus Kreditverkäufen von 2,6 Millionen US-Dollar und Nettozinserträge von 12,4 Millionen US-Dollar (ein Anstieg von 4,2 % im Quartalsvergleich). Die Gesamtaktiva erreichten 1,23 Milliarden US-Dollar, mit Einlagen von 1,032 Milliarden und Gesamtkrediten von 871,6 Millionen US-Dollar.
Erhebliche Herausforderungen waren ein Rückgang des Kreditkartentransaktionsvolumens auf 82,2 Millionen US-Dollar (gegenüber 105,6 Millionen im ersten Quartal) sowie eine niedrigere Marge beim Gewinn aus Kreditverkäufen von 3,16 %. Die Effizienzquote der Bank verbesserte sich von 62,8 % im ersten Quartal 2025 auf 58,5 %.
- Net income increased to $4.8 million, up from $4.5 million in Q1 2025
- Record SBA lending originations of $160.5 million
- Net revenue grew 2.4% QoQ to $17.8 million
- Net interest income increased 4.2% QoQ to $12.4 million
- Strong capital position with 13.8% Tier 1 leverage ratio
- Book value per share increased 25.2% YoY to $10.63
- Credit card transaction volume declined to $82.2 million from $105.6 million in Q1
- Gain on loan sale margin decreased to 3.16% from 3.63% in Q1
- Net loan charge-offs increased to $870 thousand (0.38% of average net loans)
- Non-performing assets increased YoY to $18.4 million from $7.6 million
- Net interest margin declined to 4.31% from 4.47% in Q1 2025
Insights
GBank posted moderate Q2 growth with mixed performance across business lines, showing resilience despite credit card volume decline and margin pressure.
GBank Financial Holdings reported Q2 2025 net income of
The bank's net revenue grew
- Net interest margin compressed to
4.31% from4.47% in Q1 2025 and4.82% a year ago - Credit card transaction volume fell to
$82.2 million from$105.6 million in Q1, reducing interchange fees by25% - Gain on loan sales margin declined to
3.16% from3.63% in Q1
Despite these headwinds, GBank demonstrated strength in loan origination, achieving a record
The efficiency ratio improved to
Particularly noteworthy is the bank's strong capital position, with a book value per share of
The temporary pause in credit card issuance appears to be resolving, with management indicating Q3 transaction volume already trending
LAS VEGAS, July 28, 2025 (GLOBE NEWSWIRE) -- GBank Financial Holdings Inc. (the “Company”) (NASDAQ: GBFH), the parent company of GBank (the “Bank”), today reported net income for the quarter ended June 30, 2025 of
Second Quarter 2025 Financial Highlights (Unaudited)
- Net revenue(1) of
$17.8 million , a2.4% increase compared to the first quarter of 2025 - Gain on loan sales of
$2.6 million on loans sold of$82.1 million , compared to gain on loan sales of$2.5 million on loans sold of$68.7 million for the first quarter of 2025 - Gain on loan sales margin(1) of
3.16% compared to3.63% for the first quarter of 2025 - Credit card transaction volume of
$82.2 million and net interchange fees of$1.5 million , compared to$105.6 million and$2.0 million , respectively, for the first quarter of 2025 - U.S. Small Business Administration (“SBA”) lending and commercial banking loan originations of
$160.5 million , an all-time record for the Company, compared to$133.0 million for the first quarter of 2025 - Non-performing assets, excluding guaranteed portions(1), of
$4.6 million as of June 30, 2025, representing0.37% of total assets
Edward M. Nigro, the Executive Chairman of the Company, stated, “Our second quarter non-interest income declined by
Financial Results
Income Statement
Net interest income totaled
The increase in net interest income when compared to the first quarter of 2025 was primarily driven by higher average balances of interest earning assets partially offset by higher deposit interest expense, as the growth in earning assets was primarily funded by money market, savings, and certificates of deposit growth. The cost of interest-bearing liabilities continued to favorably trend downward, from
The increase in net interest income during the second quarter of 2025 when compared to the second 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.
(1) See Reconciliation of Non-GAAP Financial Measures
The yield on investment securities was
The Company’s net interest margin for the second quarter of 2025 decreased to
The Company recorded a provision for credit losses on loans of
Non-interest income was
Net revenue totaled
Non-interest expense was
Income tax expense was
Net income was
The Company had 188 full-time equivalent employees as of June 30, 2025, compared to 175 full-time equivalent employees as of March 31, 2025, and 155 full-time equivalent employees as of June 30, 2024.
Balance Sheet
Total loans, net of deferred fees and costs, were
The Company’s allowance for credit losses totaled
Deposits totaled
The Company’s ratio of loans to deposits was
The Company held no short-term borrowings as of June 30, 2025 or March 31, 2025, compared to short term borrowings of
Subordinated notes outstanding totaled
Stockholders’ equity was
The Company’s ratio of common equity to total assets was
Total assets increased
Asset Quality
The provision for credit losses on loans totaled
(1) See Reconciliation of Non-GAAP Financial Measures
Nonaccrual loans decreased
The Company held no other real estate owned as of June 30, 2025, March 31, 2025, or June 30, 2024.
Total non-performing assets totaled
Loans past due between 30 and 89 days and accruing interest totaled
The ratio of total non-performing assets to total assets was
The Company continues to closely monitor credit quality in light of the ongoing economic uncertainty caused by, among other factors, the prolonged elevated interest rate environment, stronger than expected employment data in recent periods, continued uncertainty regarding U.S. trade and tariff policy and the lingering inflationary pressures, and the risk of the resurgence of elevated levels of inflation, in the United States and our market areas. Accordingly, additional provisions for credit losses may be necessary in future periods.
Other Financial Highlights
SBA Lending and Commercial Banking
SBA lending and commercial banking loan originations totaled
Gaming FinTech
During the second quarter of 2025, the Company completed its efforts to enhance critical systems to internally control all aspects of our credit card operations including applications processing, Know Your Customer, credit processing, customer service and compliance/risk management. Due to the growth in credit card transaction volumes the Bank has also begun developing entirely new platforms for the program targeted for completion in the fourth quarter of 2025.
As expected, the above enhancements disrupted our credit card marketing/growth in the second quarter of 2025 and this, combined with the anticipated seasonal decline in gaming volume in the second quarter, resulted in a
Credit card balances were
The Prepaid Access/Slot program involving BoltBetz is continuing to make significant progress. The technology development process is complete and functional, and the program remains subject to the receipt of final regulatory approvals.
The PPA pipeline continues to develop new payments agreements with both the Prepaid Access accounts and virtual ATM providers which are expected to launch in the coming quarters following the receipt of final regulatory approvals.
(1) See Reconciliation of Non-GAAP Financial Measures
BankCard Services LLC (“BCS”) and GBank now have sixteen active payment and Pooled Player (PPA™) and Pooled Consumer (PCA™) Program clients. Currently, BCS and GBank are conducting due diligence for five new clients, with anticipated onboarding in future quarters. Gaming FinTech deposits averaged
Earnings Call
The Company will host its second quarter 2025 earnings call on Tuesday July 29, 2025, at 10:00 a.m., PST. Interested parties can participate remotely via Internet connectivity. There will be no physical location for attendance.
Interested parties may join online, via the ZOOM app on their smartphones, or by telephone:
- ZOOM Conference ID 826 3030 7240
- Passcode: 549549
Joining by ZOOM Conference (audio only):
Log in on your computer at
https://us02web.zoom.us/j/82630307240?pwd=TU4yZXJqMEc2VGZoUm5rRTl0OVFxdz09
or use the ZOOM app on your smartphone.
Joining by Telephone
Dial (408) 638-0968. The conference ID is 826 3030 7240. Passcode: 549549.
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.
T. Ryan Sullivan
President and CEO
702-851-4200
rsullivan@g.bank
| GBank Financial Holdings Inc. Condensed Consolidated Balance Sheets (Unaudited) | ||||||||||||||||||||||||||||||||||||
| Linked Quarter | Quarter Year-Over-Year | |||||||||||||||||||||||||||||||||||
| 6/30/25 vs. 3/31/25 | 6/30/25 vs. 6/30/24 | |||||||||||||||||||||||||||||||||||
| ($’s in 000, except per share data) | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | $ Var | % Var | $ Var | % Var | |||||||||||||||||||||||||||
| Assets | ||||||||||||||||||||||||||||||||||||
| Cash and Due From Banks | $ | 11,877 | $ | 6,701 | $ | 9,262 | $ | 5,798 | $ | 5,409 | $ | 5,176 | 77.2 | % | $ | 6,468 | 119.6 | % | ||||||||||||||||||
| Interest-Bearing Deposits With Other Financial Institutions | 131,352 | 140,270 | 114,860 | 65,160 | 82,749 | (8,918 | ) | -6.4 | % | 48,603 | 58.7 | % | ||||||||||||||||||||||||
| Total Cash and Cash Equivalents | 143,229 | 146,971 | 124,122 | 70,958 | 88,158 | (3,742 | ) | -2.5 | % | 55,071 | 62.5 | % | ||||||||||||||||||||||||
| Investment Securities: | ||||||||||||||||||||||||||||||||||||
| Available For Sale, at Fair Value | 82,886 | 71,468 | 65,609 | 39,381 | 2,330 | 11,418 | 16.0 | % | 80,556 | 3457.3 | % | |||||||||||||||||||||||||
| Held to Maturity, at Amortized Cost | 39,515 | 39,903 | 40,569 | 46,043 | 56,520 | (388 | ) | -1.0 | % | (17,005 | ) | -30.1 | % | |||||||||||||||||||||||
| Loans Held For Sale | 45,242 | 41,313 | 32,649 | 68,317 | 40,489 | 3,929 | 9.5 | % | 4,753 | 11.7 | % | |||||||||||||||||||||||||
| Loans, Net of Deferred Fees and Costs: | ||||||||||||||||||||||||||||||||||||
| Commercial and Industrial | 59,021 | 56,885 | 64,000 | 53,490 | 50,498 | 2,136 | 3.8 | % | 8,523 | 16.9 | % | |||||||||||||||||||||||||
| Commercial Real Estate - Non-owner Occupied | 682,021 | 672,379 | 630,551 | 607,864 | 583,463 | 9,642 | 1.4 | % | 98,558 | 16.9 | % | |||||||||||||||||||||||||
| Commercial Real Estate - Owner Occupied | 96,526 | 81,768 | 88,802 | 86,785 | 106,595 | 14,758 | 18.0 | % | (10,069 | ) | -9.4 | % | ||||||||||||||||||||||||
| Construction and Land Development | 4,371 | 3,201 | 2,934 | 2,161 | 529 | 1,170 | 36.6 | % | 3,842 | 726.3 | % | |||||||||||||||||||||||||
| Multifamily | 18,987 | 19,011 | 17,374 | 17,398 | 17,420 | (24 | ) | -0.1 | % | 1,567 | 9.0 | % | ||||||||||||||||||||||||
| Residential | 6,810 | 7,619 | 10,584 | 12,025 | 13,443 | (809 | ) | -10.6 | % | (6,633 | ) | -49.3 | % | |||||||||||||||||||||||
| Consumer | 3,894 | 2,502 | 1,713 | 1,276 | 909 | 1,392 | 55.6 | % | 2,985 | 328.4 | % | |||||||||||||||||||||||||
| Total Loans, Net of Deferred Fees and Costs | 871,630 | 843,365 | 815,958 | 780,999 | 772,857 | 28,265 | 3.4 | % | 98,773 | 12.8 | % | |||||||||||||||||||||||||
| Less: Allowance for Credit Losses | (9,205 | ) | (8,997 | ) | (9,114 | ) | (7,934 | ) | (7,342 | ) | (208 | ) | 2.3 | % | (1,863 | ) | 25.4 | % | ||||||||||||||||||
| Total Net Loans | 862,425 | 834,368 | 806,844 | 773,065 | 765,515 | 28,057 | 3.4 | % | 96,910 | 12.7 | % | |||||||||||||||||||||||||
| Loan Servicing Asset | 9,736 | 9,231 | 8,976 | 8,046 | 7,698 | 505 | 5.5 | % | 2,038 | 26.5 | % | |||||||||||||||||||||||||
| Restricted Investment in Bank Stock | 5,513 | 4,652 | 4,652 | 4,652 | 4,652 | 861 | 18.5 | % | 861 | 18.5 | % | |||||||||||||||||||||||||
| All Other Assets | 43,878 | 42,106 | 38,943 | 37,540 | 43,992 | 1,772 | 4.2 | % | (114 | ) | -0.3 | % | ||||||||||||||||||||||||
| Total Assets | $ | 1,232,424 | $ | 1,190,012 | $ | 1,122,364 | $ | 1,048,002 | $ | 1,009,354 | $ | 42,412 | 3.6 | % | $ | 223,070 | 22.1 | % | ||||||||||||||||||
| Liabilities | ||||||||||||||||||||||||||||||||||||
| Non-Interest Bearing Demand | $ | 228,913 | $ | 242,650 | $ | 239,672 | $ | 229,875 | $ | 220,438 | $ | (13,737 | ) | -5.7 | % | $ | 8,475 | 3.8 | % | |||||||||||||||||
| Interest Bearing Demand | 57,254 | 62,035 | 68,132 | 65,623 | 65,120 | (4,781 | ) | -7.7 | % | (7,866 | ) | -12.1 | % | |||||||||||||||||||||||
| Savings and Money Market | 309,559 | 280,056 | 256,724 | 244,091 | 222,115 | 29,503 | 10.5 | % | 87,444 | 39.4 | % | |||||||||||||||||||||||||
| Certificates of Deposit | 436,738 | 411,201 | 370,552 | 343,931 | 332,695 | 25,537 | 6.2 | % | 104,043 | 31.3 | % | |||||||||||||||||||||||||
| Total Deposits | 1,032,464 | 995,942 | 935,080 | 883,520 | 840,368 | 36,522 | 3.7 | % | 192,096 | 22.9 | % | |||||||||||||||||||||||||
| Short-Term Borrowings | - | - | - | - | 12,000 | - | 0.0 | % | (12,000 | ) | -100.0 | % | ||||||||||||||||||||||||
| Subordinated Debt | 26,126 | 26,107 | 26,088 | 26,070 | 26,051 | 19 | 0.1 | % | 75 | 0.3 | % | |||||||||||||||||||||||||
| Operating Lease Liability | 6,121 | 6,299 | 4,839 | 5,032 | 5,221 | (178 | ) | -2.8 | % | 900 | 17.2 | % | ||||||||||||||||||||||||
| Other Liabilities | 15,964 | 15,048 | 15,657 | 16,997 | 14,769 | 916 | 6.1 | % | 1,195 | 8.1 | % | |||||||||||||||||||||||||
| Total Liabilities | 1,080,675 | 1,043,396 | 981,664 | 931,619 | 898,409 | 37,279 | 3.6 | % | 182,266 | 20.3 | % | |||||||||||||||||||||||||
| Equity | ||||||||||||||||||||||||||||||||||||
| Common Stock | 1 | 1 | 1 | 1 | 1 | - | 0.0 | % | - | 0.0 | % | |||||||||||||||||||||||||
| Additional Paid-in Capital | 79,291 | 78,718 | 77,571 | 57,287 | 56,966 | 573 | 0.7 | % | 22,325 | 39.2 | % | |||||||||||||||||||||||||
| Retained Earnings | 73,662 | 68,906 | 64,437 | 59,192 | 54,177 | 4,756 | 6.9 | % | 19,485 | 36.0 | % | |||||||||||||||||||||||||
| Accumulated Other Comprehensive Loss | (1,205 | ) | (1,009 | ) | (1,309 | ) | (97 | ) | (199 | ) | (196 | ) | 19.4 | % | (1,006 | ) | 505.5 | % | ||||||||||||||||||
| Total Stockholders’ Equity | 151,749 | 146,616 | 140,700 | 116,383 | 110,945 | 5,133 | 3.5 | % | 40,804 | 36.8 | % | |||||||||||||||||||||||||
| Total Liabilities & Stockholders’ Equity | $ | 1,232,424 | $ | 1,190,012 | $ | 1,122,364 | $ | 1,048,002 | $ | 1,009,354 | $ | 42,412 | 3.6 | % | $ | 223,070 | 22.1 | % | ||||||||||||||||||
| Book Value Per Common Share | $ | 10.63 | $ | 10.27 | $ | 9.87 | $ | 8.91 | $ | 8.49 | $ | 0.36 | 3.5 | % | $ | 2.14 | 25.2 | % | ||||||||||||||||||
| GBank Financial Holdings Inc. Condensed Consolidated Income Statements (Unaudited) | ||||||||||||||||||||||||||||
| Three Months Ended | Six Months Ended | |||||||||||||||||||||||||||
| ($’s in 000, except per share data) | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Jun 30, 2025 | Jun 30, 2024 | |||||||||||||||||||||
| Interest Income | ||||||||||||||||||||||||||||
| Loans | $ | 17,659 | $ | 16,836 | $ | 17,231 | $ | 17,347 | $ | 16,360 | $ | 34,495 | $ | 31,690 | ||||||||||||||
| Deposits With Other Financial Institutions | 1,365 | 1,192 | 1,099 | 1,367 | 1,165 | 2,557 | 2,137 | |||||||||||||||||||||
| Investment Securities | 1,414 | 1,281 | 1,177 | 924 | 868 | 2,695 | 1,882 | |||||||||||||||||||||
| Other Interest Bearing Balances | 117 | 100 | 103 | 102 | 96 | 217 | 170 | |||||||||||||||||||||
| Total Interest Income | 20,555 | 19,409 | 19,610 | 19,740 | 18,489 | 39,964 | 35,879 | |||||||||||||||||||||
| Interest Expense | ||||||||||||||||||||||||||||
| Deposits | 7,905 | 7,230 | 7,535 | 7,194 | 6,848 | 15,135 | 13,046 | |||||||||||||||||||||
| Short-term Borrowings and Subordinated Debt | 262 | 285 | 286 | 287 | 293 | 547 | 682 | |||||||||||||||||||||
| Total Interest Expense | 8,167 | 7,515 | 7,821 | 7,481 | 7,141 | 15,682 | 13,728 | |||||||||||||||||||||
| Net Interest Income | 12,388 | 11,894 | 11,789 | 12,259 | 11,348 | 24,282 | 22,151 | |||||||||||||||||||||
| Provision for Credit Losses - Loans | (1,079 | ) | (710 | ) | (1,337 | ) | (570 | ) | (283 | ) | (1,789 | ) | (283 | ) | ||||||||||||||
| Provision for Credit Losses - Unfunded Commitments | (13 | ) | (11 | ) | (13 | ) | (8 | ) | (12 | ) | (24 | ) | (32 | ) | ||||||||||||||
| Net Interest Income after Provision for Credit Losses | 11,296 | 11,173 | 10,439 | 11,681 | 11,053 | 22,469 | 21,836 | |||||||||||||||||||||
| Non-Interest Income | ||||||||||||||||||||||||||||
| Gain on Sales of Loans | 2,593 | 2,537 | 3,998 | 2,838 | 3,163 | 5,130 | 5,246 | |||||||||||||||||||||
| Loan Servicing Income | 750 | 703 | 597 | 566 | 534 | 1,453 | 594 | |||||||||||||||||||||
| Service Charges and Fees | 54 | 56 | 54 | 48 | 41 | 110 | 82 | |||||||||||||||||||||
| Net Interchange Fees | 1,535 | 2,003 | 947 | 284 | 146 | 3,538 | 166 | |||||||||||||||||||||
| Other Income | 452 | 164 | 168 | 166 | 282 | 616 | 483 | |||||||||||||||||||||
| Total Non-Interest Income | 5,384 | 5,463 | 5,764 | 3,902 | 4,166 | 10,847 | 6,571 | |||||||||||||||||||||
| Non-Interest Expenses | ||||||||||||||||||||||||||||
| Salaries and Employee Benefits | 6,235 | 6,400 | 5,813 | 5,495 | 5,752 | 12,635 | 11,042 | |||||||||||||||||||||
| Occupancy Expenses | 400 | 392 | 398 | 404 | 417 | 792 | 865 | |||||||||||||||||||||
| Other Expenses | 3,761 | 4,115 | 3,509 | 3,156 | 2,963 | 7,876 | 5,601 | |||||||||||||||||||||
| Total Non-Interest Expenses | 10,396 | 10,907 | 9,720 | 9,055 | 9,132 | 21,303 | 17,508 | |||||||||||||||||||||
| Income Before Provision For Income Taxes | 6,284 | 5,729 | 6,483 | 6,528 | 6,087 | 12,013 | 10,899 | |||||||||||||||||||||
| Provision For Income Taxes | (1,486 | ) | (1,224 | ) | (1,239 | ) | (1,513 | ) | (1,411 | ) | (2,710 | ) | (2,523 | ) | ||||||||||||||
| Net Income Before Equity Investment Loss | 4,798 | 4,505 | 5,244 | 5,015 | 4,676 | 9,303 | 8,376 | |||||||||||||||||||||
| Net Loss Attributable to Equity Investment | (43 | ) | (35 | ) | - | - | - | (78 | ) | - | ||||||||||||||||||
| Net Income | $ | 4,755 | $ | 4,470 | $ | 5,244 | $ | 5,015 | $ | 4,676 | $ | 9,225 | $ | 8,376 | ||||||||||||||
| Earnings Per Share | $ | 0.33 | $ | 0.31 | $ | 0.37 | $ | 0.38 | $ | 0.36 | $ | 0.65 | $ | 0.65 | ||||||||||||||
| Earnings Per Share (Diluted) | $ | 0.33 | $ | 0.31 | $ | 0.37 | $ | 0.38 | $ | 0.36 | $ | 0.63 | $ | 0.65 | ||||||||||||||
| Average Common Shares Outstanding | 14,274 | 14,256 | 14,095 | 13,067 | 12,845 | 14,265 | 12,812 | |||||||||||||||||||||
| Diluted Average Common Shares Outstanding | 14,551 | 14,549 | 14,327 | 13,236 | 12,964 | 14,536 | 12,964 | |||||||||||||||||||||
| GBank Financial Holdings Inc. Quarter-to-Date Average Balances, Rates, and Interest Income and Expense (Unaudited) | ||||||||||||||||||||||||||||||||||||
| For the Three Months Ended | ||||||||||||||||||||||||||||||||||||
| June 30, 2025 | March 31, 2025 | June 30, 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 | $ | 115,974 | $ | 1,365 | 4.72 | % | $ | 102,628 | $ | 1,192 | 4.71 | % | $ | 80,062 | $ | 1,165 | 5.85 | % | ||||||||||||||||||
| Investment Securities: | ||||||||||||||||||||||||||||||||||||
| Taxable | 119,880 | 1,414 | 4.73 | % | 105,222 | 1,281 | 4.94 | % | 73,696 | 868 | 4.74 | % | ||||||||||||||||||||||||
| Loans and Loans Held For Sale | 911,028 | 17,659 | 7.77 | % | 866,690 | 16,836 | 7.88 | % | 789,516 | 16,360 | 8.33 | % | ||||||||||||||||||||||||
| Restricted Investment in Bank Stock | 5,362 | 117 | 8.75 | % | 4,652 | 100 | 8.72 | % | 4,400 | 96 | 8.78 | % | ||||||||||||||||||||||||
| Total Earning Assets | 1,152,244 | 20,555 | 7.16 | % | 1,079,192 | 19,409 | 7.29 | % | 947,674 | 18,489 | 7.85 | % | ||||||||||||||||||||||||
| Cash and Due From Banks | 6,782 | 6,216 | 6,302 | |||||||||||||||||||||||||||||||||
| Other Assets | 41,894 | 39,177 | 33,607 | |||||||||||||||||||||||||||||||||
| Total Assets | $ | 1,200,920 | $ | 1,124,585 | $ | 987,583 | ||||||||||||||||||||||||||||||
| LIABILITIES & STOCKHOLDERS’ EQUITY | ||||||||||||||||||||||||||||||||||||
| Deposits: | ||||||||||||||||||||||||||||||||||||
| Interest-bearing Demand | $ | 60,320 | 316 | 2.10 | % | $ | 65,693 | 355 | 2.19 | % | $ | 67,038 | 395 | 2.37 | % | |||||||||||||||||||||
| Money Market and Savings | 303,814 | 2,929 | 3.87 | % | 264,085 | 2,411 | 3.70 | % | 217,081 | 2,137 | 3.96 | % | ||||||||||||||||||||||||
| Certificates of Deposit | 413,940 | 4,660 | 4.52 | % | 385,704 | 4,464 | 4.69 | % | 330,271 | 4,316 | 5.26 | % | ||||||||||||||||||||||||
| Total Interest-Bearing Deposits | 778,074 | 7,905 | 4.08 | % | 715,482 | 7,230 | 4.10 | % | 614,390 | 6,848 | 4.48 | % | ||||||||||||||||||||||||
| Short-Term Borrowings | - | - | 0.00 | % | - | - | 0.00 | % | 517 | 7 | 5.45 | % | ||||||||||||||||||||||||
| Subordinated Debt | 26,113 | 262 | 4.02 | % | 26,095 | 285 | 4.43 | % | 26,040 | 286 | 4.42 | % | ||||||||||||||||||||||||
| Total Interest-Bearing Liabilities | 804,187 | 8,167 | 4.07 | % | 741,577 | 7,515 | 4.11 | % | 640,947 | 7,141 | 4.48 | % | ||||||||||||||||||||||||
| Noninterest-bearing Deposits | 223,201 | 218,874 | 220,842 | |||||||||||||||||||||||||||||||||
| Other Liabilities | 22,404 | 20,139 | 18,849 | |||||||||||||||||||||||||||||||||
| Stockholders’ Equity | 151,128 | 143,995 | 106,945 | |||||||||||||||||||||||||||||||||
| Total Liabilities & Stockholders’ Equity | $ | 1,200,920 | $ | 1,124,585 | $ | 987,583 | ||||||||||||||||||||||||||||||
| Net Interest Income | $ | 12,388 | $ | 11,894 | $ | 11,348 | ||||||||||||||||||||||||||||||
| Total Yield on Earning Assets | 7.16 | % | 7.29 | % | 7.85 | % | ||||||||||||||||||||||||||||||
| Cost on Interest-Bearing Liabilities | 4.07 | % | 4.11 | % | 4.48 | % | ||||||||||||||||||||||||||||||
| Average Interest Spread | 3.08 | % | 3.18 | % | 3.37 | % | ||||||||||||||||||||||||||||||
| Net Interest Margin | 4.31 | % | 4.47 | % | 4.82 | % | ||||||||||||||||||||||||||||||
| Net Interest Margin (Bank Only) | 4.40 | % | 4.58 | % | 4.94 | % | ||||||||||||||||||||||||||||||
| (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 Six Months Ended | ||||||||||||||||||||||||
| June 30, 2025 | June 30, 2024 | |||||||||||||||||||||||
| (Dollars in thousands) | Average | Yield/ | Average | Yield/ | ||||||||||||||||||||
| Balance | Interest | Rate(1) | Balance | Interest | Rate(1) | |||||||||||||||||||
| ASSETS: | ||||||||||||||||||||||||
| Interest Bearing Deposits | $ | 109,338 | $ | 2,557 | 4.72 | % | $ | 73,081 | $ | 2,137 | 5.88 | % | ||||||||||||
| Investment Securities: | ||||||||||||||||||||||||
| Taxable | 112,591 | 2,695 | 4.83 | % | 85,890 | 1,882 | 4.41 | % | ||||||||||||||||
| Loans and Loans Held For Sale | 888,982 | 34,495 | 7.82 | % | 758,651 | 31,690 | 8.40 | % | ||||||||||||||||
| Restricted Investment in Bank Stock | 5,009 | 217 | 8.74 | % | 3,811 | 170 | 8.97 | % | ||||||||||||||||
| Total Earning Assets | 1,115,920 | 39,964 | 7.22 | % | 921,433 | 35,879 | 7.83 | % | ||||||||||||||||
| Cash and Due From Banks | 6,501 | 6,119 | ||||||||||||||||||||||
| Other Assets | 40,543 | 33,604 | ||||||||||||||||||||||
| Total Assets | $ | 1,162,964 | $ | 961,156 | ||||||||||||||||||||
| LIABILITIES & STOCKHOLDERS’ EQUITY | ||||||||||||||||||||||||
| Deposits: | ||||||||||||||||||||||||
| Interest-bearing Demand | $ | 62,992 | 672 | 2.15 | % | $ | 66,170 | 788 | 2.39 | % | ||||||||||||||
| Money Market and Savings | 284,060 | 5,340 | 3.79 | % | 201,727 | 3,897 | 3.88 | % | ||||||||||||||||
| Certificates of Deposit | 399,899 | 9,123 | 4.60 | % | 319,746 | 8,361 | 5.26 | % | ||||||||||||||||
| Total Interest-Bearing Deposits | 746,951 | 15,135 | 4.09 | % | 587,643 | 13,046 | 4.46 | % | ||||||||||||||||
| Short-Term Borrowings | - | - | 0.00 | % | 4,049 | 111 | 5.51 | % | ||||||||||||||||
| Subordinated Debt | 26,104 | 547 | 4.23 | % | 26,031 | 571 | 4.41 | % | ||||||||||||||||
| Total Interest-Bearing Liabilities | 773,055 | 15,682 | 4.09 | % | 617,723 | 13,728 | 4.47 | % | ||||||||||||||||
| Noninterest-bearing Deposits | 221,050 | 220,804 | ||||||||||||||||||||||
| Other Liabilities | 21,278 | 18,427 | ||||||||||||||||||||||
| Stockholders’ Equity | 147,581 | 104,202 | ||||||||||||||||||||||
| Total Liabilities & Stockholders’ Equity | $ | 1,162,964 | $ | 961,156 | ||||||||||||||||||||
| Net Interest Income | $ | 24,282 | $ | 22,151 | ||||||||||||||||||||
| Total Yield on Earning Assets | 7.22 | % | 7.83 | % | ||||||||||||||||||||
| Cost on Interest-Bearing Liabilities | 4.09 | % | 4.47 | % | ||||||||||||||||||||
| Average Interest Spread | 3.13 | % | 3.36 | % | ||||||||||||||||||||
| Net Interest Margin | 4.39 | % | 4.83 | % | ||||||||||||||||||||
| Net Interest Margin (Bank Only) | 4.49 | % | 4.96 | % | ||||||||||||||||||||
| (1) Ratios are annualized on an actual/actual basis | ||||||||||||||||||||||||
| GBank Financial Holdings Inc. Additional Financial Information (Unaudited) | ||||||||||||||||||||||||||||
| Three Months Ended | Six Months Ended | |||||||||||||||||||||||||||
| ($’s in 000, except per share data) | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Jun 30, 2025 | Jun 30, 2024 | |||||||||||||||||||||
| Key Performance Metrics | ||||||||||||||||||||||||||||
| Return on Average Assets-Net Income(1) | 1.59 | % | 1.61 | % | 1.93 | % | 1.96 | % | 1.90 | % | 1.60 | % | 1.75 | % | ||||||||||||||
| Return on Average Stockholders’ Equity(1) | 12.62 | % | 12.59 | % | 15.13 | % | 17.29 | % | 17.59 | % | 12.61 | % | 16.17 | % | ||||||||||||||
| Efficiency Ratio | 58.50 | % | 62.84 | % | 55.38 | % | 56.03 | % | 58.86 | % | 60.64 | % | 60.96 | % | ||||||||||||||
| Net Interest Margin(1) | 4.31 | % | 4.47 | % | 4.53 | % | 5.00 | % | 4.82 | % | 4.39 | % | 4.83 | % | ||||||||||||||
| Net Revenue(2) | $ | 17,772 | $ | 17,357 | $ | 17,553 | $ | 16,161 | $ | 15,514 | $ | 35,129 | $ | 28,722 | ||||||||||||||
| Common Equity / Assets | 12.3 | % | 12.3 | % | 12.5 | % | 11.1 | % | 11.0 | % | 12.3 | % | 11.0 | % | ||||||||||||||
| Tier 1 Leverage Ratio - Bank | 13.82 | % | 14.23 | % | 12.90 | % | 13.08 | % | 12.88 | % | 13.82 | % | 12.88 | % | ||||||||||||||
| Selected Loan Metrics | ||||||||||||||||||||||||||||
| Guaranteed Portion of Loans Held for Sale | $ | 45,242 | $ | 41,313 | $ | 32,649 | $ | 68,317 | $ | 40,489 | $ | 45,242 | $ | 40,489 | ||||||||||||||
| Guaranteed Portion of Loans Held for Investment | 192,324 | 204,239 | 201,267 | 203,027 | 215,382 | 192,324 | 215,382 | |||||||||||||||||||||
| Total Guaranteed Loans | 237,566 | 245,552 | 233,916 | 271,344 | 255,871 | 237,566 | 255,871 | |||||||||||||||||||||
| Guaranteed Loans as a Percent of Total Loans(2) | 22.1 | % | 24.2 | % | 24.7 | % | 26.0 | % | 27.9 | % | 22.1 | % | 27.9 | % | ||||||||||||||
| SBA Loan Originations | $ | 132,256 | $ | 129,351 | $ | 103,886 | $ | 146,918 | $ | 121,807 | $ | 261,607 | $ | 251,074 | ||||||||||||||
| SBA Loans Sold | $ | 82,140 | $ | 68,720 | $ | 98,545 | $ | 71,386 | $ | 77,905 | $ | 150,860 | $ | 146,477 | ||||||||||||||
| Gain on Loan Sales Margin(2) | 3.16 | % | 3.69 | % | 4.06 | % | 3.98 | % | 4.36 | % | 3.40 | % | 3.58 | % | ||||||||||||||
| Asset Quality | ||||||||||||||||||||||||||||
| Total nonaccrual loans | $ | 18,227 | $ | 19,220 | $ | 14,128 | $ | 5,381 | $ | 6,470 | $ | 18,227 | $ | 6,470 | ||||||||||||||
| Loans past due 90 days and still accruing | 146 | 1,153 | 40 | 27 | 1,142 | 146 | 1,142 | |||||||||||||||||||||
| Other real estate owned | - | - | - | - | - | - | - | |||||||||||||||||||||
| Total non-performing assets | $ | 18,373 | $ | 20,373 | $ | 14,168 | $ | 5,408 | $ | 7,612 | $ | 18,373 | $ | 7,612 | ||||||||||||||
| Non-performing assets: guaranteed portion | $ | 13,792 | $ | 14,687 | $ | 9,321 | $ | 3,838 | $ | 5,396 | $ | 13,792 | $ | 5,396 | ||||||||||||||
| Non-performing assets: non-guaranteed portion | $ | 4,581 | $ | 5,686 | $ | 4,847 | $ | 1,570 | $ | 2,216 | $ | 4,581 | $ | 2,216 | ||||||||||||||
| Non-performing assets to total assets | 1.49 | % | 1.71 | % | 1.26 | % | 0.52 | % | 0.75 | % | 1.49 | % | 0.75 | % | ||||||||||||||
| Non-performing assets, excluding guaranteed, to total assets(2) | 0.37 | % | 0.48 | % | 0.43 | % | 0.15 | % | 0.22 | % | 0.37 | % | 0.22 | % | ||||||||||||||
| Net charge-offs (recoveries) | $ | 870 | $ | 828 | $ | 157 | $ | (22 | ) | $ | 29 | $ | 1,698 | $ | 29 | |||||||||||||
| Loans past due 30-89 days and accruing | $ | 8,182 | $ | 14,853 | $ | 11,822 | $ | 12,390 | $ | 1,054 | $ | 8,182 | $ | 1,054 | ||||||||||||||
| Loans past due 30-89 days and accruing: guaranteed portion | $ | 5,650 | $ | 11,915 | $ | 8,713 | $ | 8,535 | $ | - | $ | 5,650 | $ | - | ||||||||||||||
| Loans past due 30-89 days and accruing: non-guaranteed portion | $ | 2,532 | $ | 2,938 | $ | 3,109 | $ | 3,855 | $ | 1,054 | $ | 2,532 | $ | 1,054 | ||||||||||||||
| Allowance for Credit Losses (ACL) | $ | 9,205 | $ | 8,997 | $ | 9,114 | $ | 7,934 | $ | 7,342 | $ | 9,205 | $ | 7,342 | ||||||||||||||
| Nonaccrual loans | $ | 18,227 | $ | 19,220 | $ | 14,128 | $ | 5,381 | $ | 6,470 | $ | 18,227 | $ | 6,470 | ||||||||||||||
| ACL to nonaccrual loans | 51 | % | 47 | % | 65 | % | 147 | % | 113 | % | 51 | % | 113 | % | ||||||||||||||
| ACL to nonaccrual loans, excluding guaranteed(2) | 208 | % | 168 | % | 190 | % | 514 | % | 130 | % | 208 | % | 130 | % | ||||||||||||||
| ACL to loans | 1.06 | % | 1.07 | % | 1.12 | % | 1.02 | % | 0.95 | % | 1.06 | % | 0.95 | % | ||||||||||||||
| ACL to loans, excluding guaranteed(2) | 1.36 | % | 1.41 | % | 1.48 | % | 1.37 | % | 1.32 | % | 1.36 | % | 1.32 | % | ||||||||||||||
| Book Value | ||||||||||||||||||||||||||||
| Stockholders’ Equity | $ | 151,749 | $ | 146,616 | $ | 140,700 | $ | 116,383 | $ | 110,945 | $ | 151,749 | $ | 110,945 | ||||||||||||||
| Common shares outstanding | 14,274 | 14,271 | 14,252 | 13,067 | 13,061 | 14,274 | 13,061 | |||||||||||||||||||||
| Book value per common share | $ | 10.63 | $ | 10.27 | $ | 9.87 | $ | 8.91 | $ | 8.49 | $ | 10.63 | $ | 8.49 | ||||||||||||||
| Full-Time Equivalent Employees | 188 | 175 | 169 | 159 | 155 | 188 | 155 | |||||||||||||||||||||
| (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 | Six Months Ended | |||||||||||||||||||||||||||
| ($'s in 000, except per share data) | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Jun 30, 2025 | Jun 30, 2024 | |||||||||||||||||||||
| Net Revenue(1) | ||||||||||||||||||||||||||||
| Net Interest Income | $ | 12,388 | $ | 11,894 | $ | 11,789 | $ | 12,259 | $ | 11,348 | $ | 24,282 | $ | 22,151 | ||||||||||||||
| Non-Interest Income | 5,384 | 5,463 | 5,764 | 3,902 | 4,166 | 10,847 | 6,571 | |||||||||||||||||||||
| Net Revenue | $ | 17,772 | $ | 17,357 | $ | 17,553 | $ | 16,161 | $ | 15,514 | $ | 35,129 | $ | 28,722 | ||||||||||||||
| Gain on Loan Sales Margin(1) | ||||||||||||||||||||||||||||
| Gain on Sale of Loans | $ | 2,593 | $ | 2,537 | $ | 3,998 | $ | 2,838 | $ | 3,163 | $ | 5,130 | $ | 5,246 | ||||||||||||||
| Loans Sold | 82,140 | 68,720 | 98,545 | 71,386 | 77,905 | 150,860 | 146,477 | |||||||||||||||||||||
| Gain on Loan Sales Margin | 3.16 | % | 3.69 | % | 4.06 | % | 3.98 | % | 4.06 | % | 3.40 | % | 3.58 | % | ||||||||||||||
| Guaranteed Loans as a Percent of Loans(2) | ||||||||||||||||||||||||||||
| SBA and USDA Guaranteed Loans | $ | 192,324 | $ | 204,239 | $ | 201,267 | $ | 203,027 | $ | 215,382 | $ | 192,324 | $ | 215,382 | ||||||||||||||
| Loans, Net of Deferred Fees and Costs | 871,630 | 843,365 | 815,958 | 780,999 | 772,857 | 871,630 | 772,857 | |||||||||||||||||||||
| Guaranteed Loans as a % of Loans | 22.1 | % | 24.2 | % | 24.7 | % | 26.0 | % | 27.9 | % | 22.1 | % | 27.9 | % | ||||||||||||||
| Non-performing assets, excluding guaranteed, to total assets(2) | ||||||||||||||||||||||||||||
| Non-performing assets | $ | 18,373 | $ | 20,373 | $ | 14,168 | $ | 5,408 | $ | 7,612 | $ | 18,373 | $ | 7,612 | ||||||||||||||
| Less: SBA and USDA guaranteed portions of non-performing assets | 13,792 | 14,687 | 9,321 | 3,838 | 5,396 | 13,792 | 5,396 | |||||||||||||||||||||
| Non-performing assets, excluding guaranteed portions | 4,581 | 5,686 | 4,847 | 1,570 | 2,216 | 4,581 | 2,216 | |||||||||||||||||||||
| Total assets | 1,232,424 | 1,190,012 | 1,122,364 | 1,048,002 | 1,009,354 | 1,232,424 | 1,009,354 | |||||||||||||||||||||
| Non-performing assets, excluding guaranteed, to total assets | 0.37 | % | 0.48 | % | 0.43 | % | 0.15 | % | 0.22 | % | 0.37 | % | 0.22 | % | ||||||||||||||
| Allowance for credit losses (ACL) to nonaccrual loans, excluding guaranteed(2) | ||||||||||||||||||||||||||||
| Nonaccrual loans | $ | 18,227 | $ | 19,220 | $ | 14,128 | $ | 5,381 | $ | 6,470 | $ | 18,227 | $ | 6,470 | ||||||||||||||
| Less: SBA and USDA guaranteed portions of nonaccrual loans | 13,792 | 13,859 | 9,321 | 3,838 | 833 | 13,792 | 833 | |||||||||||||||||||||
| Nonaccrual loans, excluding guaranteed portions | 4,435 | 5,361 | 4,807 | 1,543 | 5,637 | 4,435 | 5,637 | |||||||||||||||||||||
| ACL to nonaccrual loans, excluding guaranteed | 208 | % | 168 | % | 190 | % | 514 | % | 130 | % | 208 | % | 130 | % | ||||||||||||||
| ACL to loans, excluding guaranteed(2) | ||||||||||||||||||||||||||||
| Loans, net of deferred fees and costs | $ | 871,630 | $ | 843,365 | $ | 815,958 | $ | 780,999 | $ | 772,857 | $ | 871,630 | $ | 772,857 | ||||||||||||||
| Less: SBA and USDA guaranteed portions of loans | 192,324 | 204,239 | 201,267 | 203,027 | 215,382 | 192,324 | 215,382 | |||||||||||||||||||||
| Loans, excluding guaranteed | 679,306 | 639,126 | 614,691 | 577,972 | 557,475 | 679,306 | 557,475 | |||||||||||||||||||||
| ACL to loans, excluding guaranteed | 1.36 | % | 1.41 | % | 1.48 | % | 1.37 | % | 1.32 | % | 1.36 | % | 1.32 | % | ||||||||||||||
| Non-GAAP Financial Measures Footnotes | ||||||||||||||||||||||||||||
| (1) We believe this non-GAAP measurement presents trends in income generation of the Company. | ||||||||||||||||||||||||||||
| (2) We believe these non-GAAP measurements provide useful metrics regarding the at-risk assets of the Company. | ||||||||||||||||||||||||||||
FAQ
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How did GBFH's credit quality metrics perform in Q2 2025?
