GBank Financial Holdings Inc. Announces Third Quarter 2025 Financial Results
GBank Financial Holdings (NASDAQ: GBFH) reported Q3 2025 net income of $4.3M ($0.30 diluted) and net revenue of $20.2M, up 13.5% sequentially on higher loan sales and interchange fees. Results included $2.0M of unusual after-tax expenses (executive severance and discontinued third-party credit-card marketing). Adjusted diluted EPS was $0.44 for the quarter. Total assets reached $1.3B (+24.2% YoY) and total loans were $940.6M. SBA and commercial loan originations hit a record $242.1M in Q3. Provision for credit losses rose to $2.2M; nonaccrual loans increased to $34.6M.
GBank Financial Holdings (NASDAQ: GBFH) ha riportato utili netti del terzo trimestre 2025 di 4,3 milioni di dollari (0,30 dollari diluiti) e ricavi netti di 20,2 milioni di dollari, in aumento del 13,5% sequenziale grazie a maggiori vendite di prestiti e alle commissioni di interscambio. I risultati hanno incluso 2,0 milioni di dollari di spese una tantum dopo tasse (indennità di licenziamento esecutivo e marketing di carte di credito di terze parti interrotto). Il BPA diluito rettificato è stato 0,44 dollari per il trimestre. Attività totali hanno raggiunto 1,3 miliardi di dollari (+24,2% su base annua) e i prestiti totali erano 940,6 milioni di dollari. Le origini di prestiti SBA e commerciali hanno toccato un record di 242,1 milioni di dollari nel Q3. La provvigione per perdite su credito è salita a 2,2 milioni di dollari; i prestiti non performanti sono aumentati a 34,6 milioni di dollari.
GBank Financial Holdings (NASDAQ: GBFH) reportó ingresos netos del tercer trimestre de 2025 de 4,3 millones de dólares (0,30 dólares diluidos) y ingresos netos de 20,2 millones de dólares, un 13,5% más que el trimestre anterior gracias a mayores ventas de préstamos y a las tarifas de interchange. Los resultados incluyeron 2,0 millones de dólares de gastos atípicos después de impuestos (indemnización por despido ejecutivo y marketing de tarjetas de crédito de terceros discontinuado). El BPA diluido ajustado fue de 0,44 dólares para el trimestre. Los activos totales alcanzaron 1,3 mil millones de dólares (+24,2% interanual) y los préstamos totales fueron 940,6 millones de dólares. Las originaciones de préstamos SBA y comerciales alcanzaron un récord de 242,1 millones de dólares en el Q3. La provisión para pérdidas crediticias subió a 2,2 millones de dólares; los préstamos no devengados aumentaron a 34,6 millones de dólares.
GBank Financial Holdings (NASDAQ: GBFH)는 2025년 3분기 순이익 430만 달러와 순매출 2020만 달러를 보고했고, 대출 판매 증가와 교환수수료 덕분에 전분기 대비 13.5% 증가했습니다. 결과에는 세후 비정상 비용 200만 달러가 포함되어 있습니다(임원 해고 보상 및 제3자 카드 마케팅 중단). 조정 희석 EPS는 분기당 0.44달러였습니다. 총자산은 13억 달러로 증가했고(전년동기 대비 +24.2%), 총 대출은 9억 4060만 달러였습니다. SBA 및 상업 대출 기원은 분기 기록적인 2억 4210만 달러를 기록했습니다. 신용손실 충당금은 220만 달러로 증가했고 비수익 대출은 3,460만 달러로 증가했습니다.
GBank Financial Holdings (NASDAQ: GBFH) a annoncé un bénéfice net du T3 2025 de 4,3 millions de dollars (0,30 dollar dilué) et un chiffre d'affaires net de 20,2 millions de dollars, en hausse de 13,5% séquentiellement grâce à des ventes de prêts plus élevées et à des frais d'interchange. Les résultats incluent 2,0 millions de dollars de dépenses imprévues après impôt (indemnité de départ exécutif et marketing de cartes de crédit tiers interrompu). L'EPS dilué ajusté était de 0,44 dollar pour le trimestre. Les actifs totaux ont atteint 1,3 milliard de dollars (+24,2% sur un an) et les prêts totaux étaient de 940,6 millions de dollars. Les origination de prêts SBA et commerciaux ont atteint un record de 242,1 millions de dollars au T3. Les provisions pour pertes sur crédits ont augmenté à 2,2 millions de dollars; les prêts non performants ont augmenté à 34,6 millions de dollars.
GBank Financial Holdings (NASDAQ: GBFH) meldete Nettoeinkommen im Q3 2025 von 4,3 Mio. USD (verwässert 0,30 USD) und Nettoeinnahmen von 20,2 Mio. USD, ein Anstieg von 13,5% gegenüber dem Vorquartal aufgrund höherer Darlehensverkäufe und Interchange-Gebühren. Die Ergebnisse enthielten 2,0 Mio. USD außerordentliche nach Steuern (Abfindung für Führungskräfte und Marketing von Drittanbieter-Kreditkarten eingestellt). Der bereinigte, verwässerte EPS betrug 0,44 USD für das Quartal. Die Gesamtaktiva erreichten 1,3 Mrd. USD (+24,2% YoY) und die gesamten Darlehen betrugen 940,6 Mio. USD. SBA- und kommerzielle Darlehens-Originations erreichten im Q3 einen Rekord von 242,1 Mio. USD. Die Rückstellungen für Kreditverluste stiegen auf 2,2 Mio. USD; notleidende Darlehen stiegen auf 34,6 Mio. USD.
GBank Financial Holdings (NASDAQ: GBFH) أبلغت عن صافي دخل للربع الثالث 2025 قدره 4.3 مليون دولار (0.30 دولار مخفّف للسهم) وإيرادات صافية قدرها 20.2 مليون دولار، بارتفاع 13.5% على أساس ربع سنوي بسبب ارتفاع مبيعات القروض ورسوم التبادل. النتائج تضمنت 2.0 مليون دولار من نفقات غير عادية بعد الضرائب (تعويض الفصل التنفيذي وتسويق بطاقات ائتمان من طرف ثالث تم إيقافه). كان ربح السهم المخفف المعدل 0.44 دولار للربع. وصلت الأصول الإجمالية إلى 1.3 مليار دولار (+24.2% سنويًا)، وكانت القروض الإجمالية 940.6 مليون دولار. سجلت إصدارات قروض SBA والتجارية رقمًا قياسيًا قدره 242.1 مليون دولار في Q3. ارتفعت المخصصات لخسائر الائتمان إلى 2.2 مليون دولار؛ ارتفعت القروض غير المحققة إلى 34.6 مليون دولار.
GBank Financial Holdings (NASDAQ: GBFH) 公布了 2025 年第 3 季度净利润 430 万美元（摊薄后每股 0.30 美元）和 净收入 2020 万美元，较上季度环比增长 13.5%，原因是贷款销售增加和刷卡手续费。业绩包含 200 万美元的非常规税后支出（高管遣散费及第三方信用卡营销被中止）。本季度调整后摊薄收益每股为 0.44 美元。总资产达到 13 亿美元（同比增 24.2%），总贷款为 9.406 亿美元。SBA 与商业贷款的发放创下纪录，为 242.1 百万美元。信用损失准备金上升至 220 万美元；不计利息的贷款增加至 3,460 万美元。
- Net revenue +13.5% sequential increase to $20.2M
- SBA/commercial originations $242.1M, second consecutive record
- Total assets $1.3B, +24.2% year-over-year
- Net interest income $13.0M, +4.9% sequentially
- Q3 net income down to $4.3M (−$447K q/q; −$707K y/y)
- Provision for credit losses $2.2M, doubled q/q
- Non-interest expense $12.3M raised efficiency ratio to 61.1%
- Nonaccrual loans $34.6M, increased $16.4M during quarter
Insights
GBFH shows solid revenue growth but earnings tempered by one‑time costs and higher credit provisions.
Net revenue rose to
The quarter included unusual after‑tax expenses of
Watch quarterly trends in (i) adjusted EPS and the recurrence of unusual expenses through
LAS VEGAS, Oct. 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 September 30, 2025 of
Third Quarter 2025 Financial Highlights (Unaudited)
- Net revenue(1) of
$20.2 million , a13.5% increase compared to the second quarter of 2025 - Gain on loan sales of
$3.6 million on loans sold of$110.8 million , compared to gain on loan sales of$2.6 million on loans sold of$82.1 million for the second quarter of 2025 - Gain on loan sales margin(1) of
3.24% compared to3.16% for the second quarter of 2025 - Credit card transaction volume of
$131.3 million and net interchange fees of$2.4 million , compared to$82.2 million and$1.5 million , respectively, for the second quarter of 2025 - U.S. Small Business Administration (“SBA”) lending and commercial banking loan originations of
$242.1 million , the second consecutive record-breaking quarter for the Company, compared to the previous record of$160.7 million for the second quarter of 2025 - Non-performing assets, excluding guaranteed portions(1), of
$10.4 million as of September 30, 2025, representing0.80% of total assets
Adjusted diluted earnings per share(1) was
| ($'s in 000, except per share data) | ||||||||
| Description | Three Months Ended September 30, 2025 | Nine Months Ended September 30, 2025 | ||||||
| Form S-1 and Uplist Costs | $ | 30 | $ | 1,079 | ||||
| CEO Resignation | 900 | 900 | ||||||
| Costs Incurred Related To Discontinued Credit Card Marketing Campaign | 1,692 | 1,692 | ||||||
| Pre-Tax Impact | $ | 2,622 | $ | 3,671 | ||||
| After-Tax Impact at | $ | 2,025 | $ | 2,836 | ||||
| Per Share Impact | $ | 0.14 | $ | 0.20 | ||||
| Reported Diluted Earnings Per Share | $ | 0.30 | $ | 0.93 | ||||
| Adjusted Diluted Earnings Per Share (1) | $ | 0.44 | $ | 1.13 | ||||
Form S-1 and uplist costs of
(1) See Reconciliation of Non-GAAP Financial Measures
Edward M. Nigro, Chairman and CEO of the Company, stated, “The third quarter reflects our ability to grow our core revenues quarter over quarter – Credit Card Transactions up
Financial Results
Income Statement
Net interest income totaled
The increase in net interest income when compared to the second 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 third quarter of 2025 when compared to the third 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
The Company’s net interest margin for the third quarter of 2025 was
The Company recorded a provision for credit losses on loans of
Non-interest income was
Net revenue totaled
(1) See Reconciliation of Non-GAAP Financial Measures
Non-interest expense was
Income tax expense was
Net income was
The Company had 187 full-time equivalent employees as of September 30, 2025, compared to 188 full-time equivalent employees as of June 30, 2025, and 159 full-time equivalent employees as of September 30, 2024.
Balance Sheet
Total assets increased
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 September 30, 2025, June 30, 2025, or September 30, 2024. As of September 30, 2025, the Company had approximately
Subordinated notes outstanding totaled
(1) See Reconciliation of Non-GAAP Financial Measures
Stockholders’ equity was
The Company’s ratio of common equity to total assets was
Asset Quality
The provision for credit losses for loans totaled
Nonaccrual loans increased
The Company held
Non-performing assets totaled
While the quarter over quarter percentage increase in non-performing assets seems significant when viewed alone, the financial risk is seen to be well contained with a reasonable non-performing asset risk ratio to total assets of
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, 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.
(1) See Reconciliation of Non-GAAP Financial Measures
Other Financial Highlights
SBA Lending and Commercial Banking
SBA lending and commercial banking loan originations totaled
Gaming FinTech
Our Gaming Payments Operations in the third quarter of 2025 focused upon redirecting all credit card marketing to our gaming consumers; concluding and subsequently terminating a third party non-gaming direct mail market agreement; onboarding BoltBetz with Distill and Terrible Gaming slots; enhancing our influencer marketing with the engagement of Champ Mike Tyson; and, concluding the development and launch of our digital credit card application platform with the most advanced KYC and fraud protections. This new application platform will enable our influencers to support the growth of GBank's credit card gaming customers.
Our initial efforts to “patch” the existing application platform were not successful and required that we halt applications when we were faced with identification fraud. This pause stopped the fraud applications but also resulted in limiting the growth in the number of gaming cardholders. Despite this, credit card transaction volumes increased almost
The Prepaid Access/Slot program involving BoltBetz is continuing to make significant progress with Distill Taverns and Terribles Gaming onboarding over 2,500 slot machines. BoltBetz is in the final process of Gaming Laboratories International (“GLI”) testing by the Nevada Gaming Control Board. This is the final process required to launch which is now anticipated in November 2025.
The Pooled Player (“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.
Including BoltBetz, BankCard Services LLC (“BCS”) and GBank now have sixteen active payment and 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
(1) See Reconciliation of Non-GAAP Financial Measures
Earnings Call
The Company will host its third quarter 2025 earnings call on Wednesday October 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 Webinar ID 873 1389 3095
- Passcode: 468468
Joining by ZOOM Webinar (audio only):
Log in on your computer at
https://us02web.zoom.us/j/87313893095?pwd=YmbAmd09zQhXfDQHNSTFXM79DU8Vma.1
or use the ZOOM app on your smartphone.
Joining by Telephone
Dial (408) 638-0968. The conference ID is 873 1389 3095. Passcode: 468468.
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 | |||||||||||||||||||||||||||||||||||
| 9/30/25 vs. 6/30/25 | 9/30/25 vs. 9/30/24 | |||||||||||||||||||||||||||||||||||
| ($’s in 000, except per share data) | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | $ Var | % Var | $ Var | % Var | |||||||||||||||||||||||||||
| Assets | ||||||||||||||||||||||||||||||||||||
| Cash and Due From Banks | $ | 4,988 | $ | 11,877 | $ | 6,701 | $ | 9,262 | $ | 5,798 | $ | (6,889 | ) | -58.0 | % | $ | (810 | ) | -14.0 | % | ||||||||||||||||
| Interest-Bearing Deposits With Other Financial Institutions | 98,402 | 131,352 | 140,270 | 114,860 | 65,160 | (32,950 | ) | -25.1 | % | 33,242 | 51.0 | % | ||||||||||||||||||||||||
| Total Cash and Cash Equivalents | 103,390 | 143,229 | 146,971 | 124,122 | 70,958 | (39,839 | ) | -27.8 | % | 32,432 | 45.7 | % | ||||||||||||||||||||||||
| Investment Securities: | ||||||||||||||||||||||||||||||||||||
| Available For Sale, at Fair Value | 85,774 | 82,886 | 71,468 | 65,609 | 39,381 | 2,888 | 3.5 | % | 46,393 | 117.8 | % | |||||||||||||||||||||||||
| Held to Maturity, at Amortized Cost | 38,578 | 39,515 | 39,903 | 40,569 | 46,043 | (937 | ) | -2.4 | % | (7,465 | ) | -16.2 | % | |||||||||||||||||||||||
| Loans Held For Sale | 66,791 | 45,242 | 41,313 | 32,649 | 68,317 | 21,549 | 47.6 | % | (1,526 | ) | -2.2 | % | ||||||||||||||||||||||||
| Loans, Net of Deferred Fees and Costs: | ||||||||||||||||||||||||||||||||||||
| Commercial and Industrial | 66,226 | 59,021 | 56,885 | 64,000 | 53,490 | 7,205 | 12.2 | % | 12,736 | 23.8 | % | |||||||||||||||||||||||||
| Commercial Real Estate - Non-owner Occupied | 743,084 | 682,021 | 672,379 | 630,551 | 607,864 | 61,063 | 9.0 | % | 135,220 | 22.2 | % | |||||||||||||||||||||||||
| Commercial Real Estate - Owner Occupied | 97,396 | 96,526 | 81,768 | 88,802 | 86,785 | 870 | 0.9 | % | 10,611 | 12.2 | % | |||||||||||||||||||||||||
| Construction and Land Development | 2,115 | 4,371 | 3,201 | 2,934 | 2,161 | (2,256 | ) | -51.6 | % | (46 | ) | -2.1 | % | |||||||||||||||||||||||
| Multifamily | 18,979 | 18,987 | 19,011 | 17,374 | 17,398 | (8 | ) | 0.0 | % | 1,581 | 9.1 | % | ||||||||||||||||||||||||
| Residential | 3,828 | 6,810 | 7,619 | 10,584 | 12,025 | (2,982 | ) | -43.8 | % | (8,197 | ) | -68.2 | % | |||||||||||||||||||||||
| Consumer | 8,963 | 3,894 | 2,502 | 1,713 | 1,276 | 5,069 | 130.2 | % | 7,687 | 602.4 | % | |||||||||||||||||||||||||
| Total Loans, Net of Deferred Fees and Costs | 940,591 | 871,630 | 843,365 | 815,958 | 780,999 | 68,961 | 7.9 | % | 159,592 | 20.4 | % | |||||||||||||||||||||||||
| Less: Allowance for Credit Losses | (10,577 | ) | (9,205 | ) | (8,997 | ) | (9,114 | ) | (7,934 | ) | (1,372 | ) | 14.9 | % | (2,643 | ) | 33.3 | % | ||||||||||||||||||
| Total Net Loans | 930,014 | 862,425 | 834,368 | 806,844 | 773,065 | 67,589 | 7.8 | % | 156,949 | 20.3 | % | |||||||||||||||||||||||||
| Loan Servicing Asset | 10,621 | 9,736 | 9,231 | 8,976 | 8,046 | 885 | 9.1 | % | 2,575 | 32.0 | % | |||||||||||||||||||||||||
| Restricted Investment in Bank Stock | 5,513 | 5,513 | 4,652 | 4,652 | 4,652 | - | 0.0 | % | 861 | 18.5 | % | |||||||||||||||||||||||||
| All Other Assets | 60,697 | 43,878 | 42,106 | 38,943 | 37,540 | 16,819 | 38.3 | % | 23,157 | 61.7 | % | |||||||||||||||||||||||||
| Total Assets | $ | 1,301,378 | $ | 1,232,424 | $ | 1,190,012 | $ | 1,122,364 | $ | 1,048,002 | $ | 68,954 | 5.6 | % | $ | 253,376 | 24.2 | % | ||||||||||||||||||
| Liabilities | ||||||||||||||||||||||||||||||||||||
| Non-Interest Bearing Demand | $ | 227,921 | $ | 228,913 | $ | 242,650 | $ | 239,672 | $ | 229,875 | $ | (992 | ) | -0.4 | % | $ | (1,954 | ) | -0.9 | % | ||||||||||||||||
| Interest Bearing Demand | 63,741 | 57,254 | 62,035 | 68,132 | 65,623 | 6,487 | 11.3 | % | (1,882 | ) | -2.9 | % | ||||||||||||||||||||||||
| Savings and Money Market | 281,435 | 309,559 | 280,056 | 256,724 | 244,091 | (28,124 | ) | -9.1 | % | 37,344 | 15.3 | % | ||||||||||||||||||||||||
| Certificates of Deposit | 519,080 | 436,738 | 411,201 | 370,552 | 343,931 | 82,342 | 18.9 | % | 175,149 | 50.9 | % | |||||||||||||||||||||||||
| Total Deposits | 1,092,177 | 1,032,464 | 995,942 | 935,080 | 883,520 | 59,713 | 5.8 | % | 208,657 | 23.6 | % | |||||||||||||||||||||||||
| Subordinated Debt | 26,144 | 26,126 | 26,107 | 26,088 | 26,070 | 18 | 0.1 | % | 74 | 0.3 | % | |||||||||||||||||||||||||
| Operating Lease Liability | 5,942 | 6,121 | 6,299 | 4,839 | 5,032 | (179 | ) | -2.9 | % | 910 | 18.1 | % | ||||||||||||||||||||||||
| Other Liabilities | 18,922 | 15,964 | 15,048 | 15,657 | 16,997 | 2,958 | 18.5 | % | 1,925 | 11.3 | % | |||||||||||||||||||||||||
| Total Liabilities | 1,143,185 | 1,080,675 | 1,043,396 | 981,664 | 931,619 | 62,510 | 5.8 | % | 211,566 | 22.7 | % | |||||||||||||||||||||||||
| Equity | ||||||||||||||||||||||||||||||||||||
| Common Stock | 1 | 1 | 1 | 1 | 1 | - | 0.0 | % | - | 0.0 | % | |||||||||||||||||||||||||
| Additional Paid-in Capital | 80,016 | 79,291 | 78,718 | 77,571 | 57,287 | 725 | 0.9 | % | 22,729 | 39.7 | % | |||||||||||||||||||||||||
| Retained Earnings | 77,970 | 73,662 | 68,906 | 64,437 | 59,192 | 4,308 | 5.8 | % | 18,778 | 31.7 | % | |||||||||||||||||||||||||
| Accumulated Other Comprehensive Income (Loss) | 206 | (1,205 | ) | (1,009 | ) | (1,309 | ) | (97 | ) | 1,411 | -117.1 | % | 303 | -312.4 | % | |||||||||||||||||||||
| Total Stockholders’ Equity | 158,193 | 151,749 | 146,616 | 140,700 | 116,383 | 6,444 | 4.2 | % | 41,810 | 35.9 | % | |||||||||||||||||||||||||
| Total Liabilities & Stockholders’ Equity | $ | 1,301,378 | $ | 1,232,424 | $ | 1,190,012 | $ | 1,122,364 | $ | 1,048,002 | $ | 68,954 | 5.6 | % | $ | 253,376 | 24.2 | % | ||||||||||||||||||
| Book Value Per Common Share | $ | 11.07 | $ | 10.63 | $ | 10.27 | $ | 9.87 | $ | 8.91 | $ | 0.44 | 4.1 | % | $ | 2.16 | 24.3 | % | ||||||||||||||||||
| GBank Financial Holdings Inc. Condensed Consolidated Income Statements (Unaudited) | ||||||||||||||||||||||||||||
| Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||||
| ($’s in 000, except per share data) | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Sep 30, 2025 | Sep 30, 2024 | |||||||||||||||||||||
| Interest Income | ||||||||||||||||||||||||||||
| Loans | $ | 18,919 | $ | 17,659 | $ | 16,836 | $ | 17,231 | $ | 17,347 | $ | 53,413 | $ | 49,036 | ||||||||||||||
| Deposits With Other Financial Institutions | 1,160 | 1,365 | 1,192 | 1,099 | 1,367 | 3,718 | 3,505 | |||||||||||||||||||||
| Investment Securities | 1,421 | 1,414 | 1,281 | 1,177 | 924 | 4,117 | 2,806 | |||||||||||||||||||||
| Other Interest Bearing Balances | 122 | 117 | 100 | 103 | 102 | 338 | 272 | |||||||||||||||||||||
| Total Interest Income | 21,622 | 20,555 | 19,409 | 19,610 | 19,740 | 61,586 | 55,619 | |||||||||||||||||||||
| Interest Expense | ||||||||||||||||||||||||||||
| Deposits | 8,339 | 7,905 | 7,230 | 7,535 | 7,194 | 23,473 | 20,240 | |||||||||||||||||||||
| Short-term Borrowings and Subordinated Debt | 285 | 262 | 285 | 286 | 287 | 833 | 969 | |||||||||||||||||||||
| Total Interest Expense | 8,624 | 8,167 | 7,515 | 7,821 | 7,481 | 24,306 | 21,209 | |||||||||||||||||||||
| Net Interest Income | 12,998 | 12,388 | 11,894 | 11,789 | 12,259 | 37,280 | 34,410 | |||||||||||||||||||||
| Provision for Credit Losses - Loans | (2,207 | ) | (1,079 | ) | (710 | ) | (1,337 | ) | (570 | ) | (3,996 | ) | (853 | ) | ||||||||||||||
| Provision for Credit Losses - Unfunded Commitments | (12 | ) | (13 | ) | (11 | ) | (13 | ) | (8 | ) | (36 | ) | (40 | ) | ||||||||||||||
| Net Interest Income after Provision for Credit Losses | 10,779 | 11,296 | 11,173 | 10,439 | 11,681 | 33,248 | 33,517 | |||||||||||||||||||||
| Non-Interest Income | ||||||||||||||||||||||||||||
| Gain on Sales of Loans | 3,592 | 2,593 | 2,537 | 3,998 | 2,838 | 8,722 | 8,084 | |||||||||||||||||||||
| Loan Servicing Income | 762 | 750 | 703 | 597 | 566 | 2,215 | 1,160 | |||||||||||||||||||||
| Service Charges and Fees | 60 | 54 | 56 | 54 | 48 | 171 | 130 | |||||||||||||||||||||
| Net Interchange Fees | 2,406 | 1,535 | 2,003 | 947 | 284 | 5,944 | 451 | |||||||||||||||||||||
| Other Income | 357 | 452 | 164 | 168 | 166 | 971 | 649 | |||||||||||||||||||||
| Total Non-Interest Income | 7,177 | 5,384 | 5,463 | 5,764 | 3,902 | 18,023 | 10,474 | |||||||||||||||||||||
| Non-Interest Expenses | ||||||||||||||||||||||||||||
| Salaries and Employee Benefits | 6,589 | 6,235 | 6,400 | 5,813 | 5,495 | 19,224 | 16,537 | |||||||||||||||||||||
| Occupancy Expenses | 418 | 400 | 392 | 398 | 404 | 1,210 | 1,269 | |||||||||||||||||||||
| Other Expenses | 5,310 | 3,761 | 4,115 | 3,509 | 3,156 | 13,185 | 8,758 | |||||||||||||||||||||
| Total Non-Interest Expenses | 12,317 | 10,396 | 10,907 | 9,720 | 9,055 | 33,619 | 26,564 | |||||||||||||||||||||
| Income Before Provision For Income Taxes | 5,639 | 6,284 | 5,729 | 6,483 | 6,528 | 17,652 | 17,427 | |||||||||||||||||||||
| Provision For Income Taxes | (1,282 | ) | (1,486 | ) | (1,224 | ) | (1,239 | ) | (1,513 | ) | (3,992 | ) | (4,035 | ) | ||||||||||||||
| Net Income Before Equity Investment Loss | 4,357 | 4,798 | 4,505 | 5,244 | 5,015 | 13,660 | 13,392 | |||||||||||||||||||||
| Net Loss Attributable to Equity Investment | (49 | ) | (43 | ) | (35 | ) | - | - | (127 | ) | - | |||||||||||||||||
| Net Income | $ | 4,308 | $ | 4,755 | $ | 4,470 | $ | 5,244 | $ | 5,015 | $ | 13,533 | $ | 13,392 | ||||||||||||||
| Earnings Per Share | $ | 0.30 | $ | 0.33 | $ | 0.31 | $ | 0.37 | $ | 0.38 | $ | 0.95 | $ | 1.04 | ||||||||||||||
| Earnings Per Share (Diluted) | $ | 0.30 | $ | 0.33 | $ | 0.31 | $ | 0.37 | $ | 0.38 | $ | 0.93 | $ | 1.02 | ||||||||||||||
| Average Common Shares Outstanding | 14,280 | 14,274 | 14,256 | 14,095 | 13,067 | 14,270 | 12,897 | |||||||||||||||||||||
| Diluted Average Common Shares Outstanding | 14,525 | 14,551 | 14,549 | 14,327 | 13,236 | 14,510 | 13,075 | |||||||||||||||||||||
| GBank Financial Holdings Inc. Quarter-to-Date Average Balances, Rates, and Interest Income and Expense (Unaudited) | |||||||||||||||||||||||||||||||||||||
| For the Three Months Ended | |||||||||||||||||||||||||||||||||||||
| September 30, 2025 | June 30, 2025 | September 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 | $ | 97,822 | $ | 1,160 | 4.70 | % | $ | 115,974 | $ | 1,365 | 4.72 | % | $ | 94,147 | $ | 1,367 | 5.78 | % | |||||||||||||||||||
| Investment Securities: | |||||||||||||||||||||||||||||||||||||
| Taxable | 122,158 | 1,421 | 4.62 | % | 119,880 | 1,414 | 4.73 | % | 72,705 | 924 | 5.06 | % | |||||||||||||||||||||||||
| Loans and Loans Held For Sale | 960,679 | 18,919 | 7.81 | % | 911,028 | 17,659 | 7.77 | % | 804,824 | 17,347 | 8.57 | % | |||||||||||||||||||||||||
| Restricted Investment in Bank Stock | 5,513 | 122 | 8.78 | % | 5,362 | 117 | 8.75 | % | 4,652 | 102 | 8.72 | % | |||||||||||||||||||||||||
| Total Earning Assets | 1,186,172 | 21,622 | 7.23 | % | 1,152,244 | 20,555 | 7.16 | % | 976,328 | 19,740 | 8.04 | % | |||||||||||||||||||||||||
| Cash and Due From Banks | 7,050 | 6,782 | 5,997 | ||||||||||||||||||||||||||||||||||
| Other Assets | 54,801 | 41,894 | 37,330 | ||||||||||||||||||||||||||||||||||
| Total Assets | $ | 1,248,023 | $ | 1,200,920 | $ | 1,019,655 | |||||||||||||||||||||||||||||||
| LIABILITIES & STOCKHOLDERS’ EQUITY | |||||||||||||||||||||||||||||||||||||
| Deposits: | |||||||||||||||||||||||||||||||||||||
| Interest-bearing Demand | $ | 60,404 | 320 | 2.10 | % | $ | 60,320 | 316 | 2.10 | % | $ | 66,317 | 420 | 2.52 | % | ||||||||||||||||||||||
| Money Market and Savings | 307,322 | 2,938 | 3.79 | % | 303,814 | 2,929 | 3.87 | % | 237,142 | 2,405 | 4.03 | % | |||||||||||||||||||||||||
| Certificates of Deposit | 456,611 | 5,081 | 4.41 | % | 413,940 | 4,660 | 4.52 | % | 332,204 | 4,369 | 5.23 | % | |||||||||||||||||||||||||
| Total Interest-Bearing Deposits | 824,337 | 8,339 | 4.01 | % | 778,074 | 7,905 | 4.08 | % | 635,663 | 7,194 | 4.50 | % | |||||||||||||||||||||||||
| Short-Term Borrowings | - | - | 0.00 | % | - | - | 0.00 | % | 125 | 2 | 6.37 | % | |||||||||||||||||||||||||
| Subordinated Debt | 26,132 | 285 | 4.33 | % | 26,113 | 262 | 4.02 | % | 26,057 | 285 | 4.35 | % | |||||||||||||||||||||||||
| Total Interest-Bearing Liabilities | 850,469 | 8,624 | 4.02 | % | 804,187 | 8,167 | 4.07 | % | 661,845 | 7,481 | 4.50 | % | |||||||||||||||||||||||||
| Noninterest-bearing Deposits | 217,547 | 223,201 | 221,121 | ||||||||||||||||||||||||||||||||||
| Other Liabilities | 23,115 | 22,404 | 21,270 | ||||||||||||||||||||||||||||||||||
| Stockholders’ Equity | 156,892 | 151,128 | 115,419 | ||||||||||||||||||||||||||||||||||
| Total Liabilities & Stockholders’ Equity | $ | 1,248,023 | $ | 1,200,920 | $ | 1,019,655 | |||||||||||||||||||||||||||||||
| Net Interest Income | $ | 12,998 | $ | 12,388 | $ | 12,259 | |||||||||||||||||||||||||||||||
| Total Yield on Earning Assets | 7.23 | % | 7.16 | % | 8.04 | % | |||||||||||||||||||||||||||||||
| Cost on Interest-Bearing Liabilities | 4.02 | % | 4.07 | % | 4.50 | % | |||||||||||||||||||||||||||||||
| Average Interest Spread | 3.21 | % | 3.08 | % | 3.54 | % | |||||||||||||||||||||||||||||||
| Net Interest Margin | 4.35 | % | 4.31 | % | 5.00 | % | |||||||||||||||||||||||||||||||
| (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 Nine Months Ended | ||||||||||||||||||||||||
| September 30, 2025 | September 30, 2024 | |||||||||||||||||||||||
| (Dollars in thousands) | Average | Yield/ | Average | Yield/ | ||||||||||||||||||||
| Balance | Interest | Rate(1) | Balance | Interest | Rate(1) | |||||||||||||||||||
| ASSETS: | ||||||||||||||||||||||||
| Interest Bearing Deposits | $ | 105,457 | $ | 3,718 | 4.71 | % | $ | 80,155 | $ | 3,505 | 5.84 | % | ||||||||||||
| Investment Securities: | ||||||||||||||||||||||||
| Taxable | 115,815 | 4,117 | 4.75 | % | 81,463 | 2,806 | 4.60 | % | ||||||||||||||||
| Loans and Loans Held For Sale | 913,143 | 53,413 | 7.82 | % | 774,154 | 49,036 | 8.46 | % | ||||||||||||||||
| Restricted Investment in Bank Stock | 5,179 | 338 | 8.73 | % | 4,094 | 272 | 8.87 | % | ||||||||||||||||
| Total Earning Assets | 1,139,594 | 61,586 | 7.23 | % | 939,866 | 55,619 | 7.90 | % | ||||||||||||||||
| Cash and Due From Banks | 6,686 | 6,078 | ||||||||||||||||||||||
| Other Assets | 45,348 | 34,854 | ||||||||||||||||||||||
| Total Assets | $ | 1,191,628 | $ | 980,798 | ||||||||||||||||||||
| LIABILITIES & STOCKHOLDERS’ EQUITY | ||||||||||||||||||||||||
| Deposits: | ||||||||||||||||||||||||
| Interest-bearing Demand | $ | 62,120 | 991 | 2.13 | % | $ | 66,219 | 1,208 | 2.44 | % | ||||||||||||||
| Money Market and Savings | 291,899 | 8,279 | 3.79 | % | 213,618 | 6,302 | 3.94 | % | ||||||||||||||||
| Certificates of Deposit | 419,011 | 14,203 | 4.53 | % | 323,929 | 12,730 | 5.25 | % | ||||||||||||||||
| Total Interest-Bearing Deposits | 773,030 | 23,473 | 4.06 | % | 603,766 | 20,240 | 4.48 | % | ||||||||||||||||
| Short-Term Borrowings | - | - | 0.00 | % | 2,732 | 112 | 5.48 | % | ||||||||||||||||
| Subordinated Debt | 26,113 | 833 | 4.26 | % | 26,040 | 857 | 4.40 | % | ||||||||||||||||
| Total Interest-Bearing Liabilities | 799,143 | 24,306 | 4.07 | % | 632,538 | 21,209 | 4.48 | % | ||||||||||||||||
| Noninterest-bearing Deposits | 219,869 | 220,911 | ||||||||||||||||||||||
| Other Liabilities | 21,897 | 19,380 | ||||||||||||||||||||||
| Stockholders’ Equity | 150,719 | 107,969 | ||||||||||||||||||||||
| Total Liabilities & Stockholders’ Equity | $ | 1,191,628 | $ | 980,798 | ||||||||||||||||||||
| Net Interest Income | $ | 37,280 | $ | 34,410 | ||||||||||||||||||||
| Total Yield on Earning Assets | 7.23 | % | 7.90 | % | ||||||||||||||||||||
| Cost on Interest-Bearing Liabilities | 4.07 | % | 4.48 | % | ||||||||||||||||||||
| Average Interest Spread | 3.16 | % | 3.42 | % | ||||||||||||||||||||
| Net Interest Margin | 4.37 | % | 4.89 | % | ||||||||||||||||||||
| (1) Ratios are annualized on an actual/actual basis | ||||||||||||||||||||||||
| GBank Financial Holdings Inc. Additional Financial Information (Unaudited) | ||||||||||||||||||||||||||||
| Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||||
| ($’s in 000, except per share data) | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Sep 30, 2025 | Sep 30, 2024 | |||||||||||||||||||||
| Key Performance Metrics | ||||||||||||||||||||||||||||
| Return on Average Assets-Net Income(1) | 1.37 | % | 1.59 | % | 1.61 | % | 1.93 | % | 1.96 | % | 1.52 | % | 1.82 | % | ||||||||||||||
| Return on Average Stockholders’ Equity(1) | 10.89 | % | 12.62 | % | 12.59 | % | 15.13 | % | 17.29 | % | 12.00 | % | 16.58 | % | ||||||||||||||
| Efficiency Ratio | 61.05 | % | 58.50 | % | 62.84 | % | 55.38 | % | 56.03 | % | 60.79 | % | 59.15 | % | ||||||||||||||
| Net Interest Margin(1) | 4.35 | % | 4.31 | % | 4.47 | % | 4.53 | % | 5.00 | % | 4.37 | % | 4.89 | % | ||||||||||||||
| Net Revenue(2) | $ | 20,175 | $ | 17,772 | $ | 17,357 | $ | 17,553 | $ | 16,161 | $ | 55,303 | $ | 44,841 | ||||||||||||||
| Common Equity / Assets | 12.2 | % | 12.3 | % | 12.3 | % | 12.5 | % | 11.1 | % | 12.2 | % | 11.1 | % | ||||||||||||||
| Tier 1 Leverage Ratio - Bank | 13.72 | % | 13.82 | % | 14.23 | % | 12.90 | % | 13.08 | % | 13.72 | % | 13.08 | % | ||||||||||||||
| Selected Loan Metrics | ||||||||||||||||||||||||||||
| Guaranteed Portion of Loans Held for Sale | $ | 66,791 | $ | 45,242 | $ | 41,313 | $ | 32,649 | $ | 68,317 | $ | 66,791 | $ | 68,317 | ||||||||||||||
| Guaranteed Portion of Loans Held for Investment | 193,688 | 192,324 | 204,239 | 201,267 | 203,027 | 193,688 | 203,027 | |||||||||||||||||||||
| Total Guaranteed Loans | 260,479 | 237,566 | 245,552 | 233,916 | 271,344 | 260,479 | 271,344 | |||||||||||||||||||||
| Guaranteed Loans as a Percent of Total Loans(2) | 20.6 | % | 22.1 | % | 24.2 | % | 24.7 | % | 26.0 | % | 20.6 | % | 26.0 | % | ||||||||||||||
| SBA Loan Originations | $ | 207,683 | $ | 132,256 | $ | 129,351 | $ | 103,886 | $ | 146,918 | $ | 469,290 | $ | 397,393 | ||||||||||||||
| SBA Loans Sold | $ | 110,820 | $ | 82,140 | $ | 68,720 | $ | 98,545 | $ | 71,386 | $ | 261,680 | $ | 217,864 | ||||||||||||||
| Gain on Loan Sales Margin(2) | 3.24 | % | 3.16 | % | 3.69 | % | 4.06 | % | 3.98 | % | 3.33 | % | 3.71 | % | ||||||||||||||
| Asset Quality | ||||||||||||||||||||||||||||
| Total nonaccrual loans | $ | 34,608 | $ | 18,227 | $ | 19,220 | $ | 14,128 | $ | 5,381 | $ | 34,608 | $ | 5,381 | ||||||||||||||
| Loans past due 90 days and still accruing | 184 | 146 | 1,153 | 40 | 27 | 184 | 27 | |||||||||||||||||||||
| Other real estate owned | 2,684 | - | - | - | - | 2,684 | - | |||||||||||||||||||||
| Total non-performing assets | $ | 37,476 | $ | 18,373 | $ | 20,373 | $ | 14,168 | $ | 5,408 | $ | 37,476 | $ | 5,408 | ||||||||||||||
| Non-performing assets: guaranteed portion | $ | 27,112 | $ | 13,792 | $ | 14,687 | $ | 9,321 | $ | 3,838 | $ | 27,112 | $ | 3,838 | ||||||||||||||
| Non-performing assets: non-guaranteed portion | $ | 10,364 | $ | 4,581 | $ | 5,686 | $ | 4,847 | $ | 1,570 | $ | 10,364 | $ | 1,570 | ||||||||||||||
| Non-performing assets to total assets | 2.88 | % | 1.49 | % | 1.71 | % | 1.26 | % | 0.52 | % | 2.88 | % | 0.52 | % | ||||||||||||||
| Non-performing assets, excluding guaranteed, to total assets(2) | 0.80 | % | 0.37 | % | 0.48 | % | 0.43 | % | 0.15 | % | 0.80 | % | 0.15 | % | ||||||||||||||
| Net charge-offs (recoveries) | $ | 836 | $ | 870 | $ | 828 | $ | 157 | $ | (22 | ) | $ | 2,534 | $ | 7 | |||||||||||||
| Loans past due 30-89 days and accruing | $ | 3,595 | $ | 8,182 | $ | 14,853 | $ | 11,822 | $ | 12,390 | $ | 3,595 | $ | 12,390 | ||||||||||||||
| Loans past due 30-89 days and accruing: guaranteed portion | $ | 2,351 | $ | 5,650 | $ | 11,915 | $ | 8,713 | $ | 8,535 | $ | 2,351 | $ | 8,535 | ||||||||||||||
| Loans past due 30-89 days and accruing: non-guaranteed portion | $ | 1,244 | $ | 2,532 | $ | 2,938 | $ | 3,109 | $ | 3,855 | $ | 1,244 | $ | 3,855 | ||||||||||||||
| Allowance for Credit Losses (ACL) | $ | 10,577 | $ | 9,205 | $ | 8,997 | $ | 9,114 | $ | 7,934 | $ | 10,577 | $ | 7,934 | ||||||||||||||
| Nonaccrual loans | $ | 34,608 | $ | 18,227 | $ | 19,220 | $ | 14,128 | $ | 5,381 | $ | 34,608 | $ | 5,381 | ||||||||||||||
| ACL to nonaccrual loans | 31 | % | 51 | % | 47 | % | 65 | % | 147 | % | 31 | % | 147 | % | ||||||||||||||
| ACL to nonaccrual loans, excluding guaranteed(2) | 141 | % | 208 | % | 168 | % | 190 | % | 514 | % | 141 | % | 514 | % | ||||||||||||||
| ACL to loans | 1.12 | % | 1.06 | % | 1.07 | % | 1.12 | % | 1.02 | % | 1.12 | % | 1.02 | % | ||||||||||||||
| ACL to loans, excluding guaranteed(2) | 1.42 | % | 1.36 | % | 1.41 | % | 1.48 | % | 1.37 | % | 1.42 | % | 1.37 | % | ||||||||||||||
| Book Value | ||||||||||||||||||||||||||||
| Stockholders’ Equity | $ | 158,193 | $ | 151,749 | $ | 146,616 | $ | 140,700 | $ | 116,383 | $ | 158,193 | $ | 116,383 | ||||||||||||||
| Common shares outstanding | 14,288 | 14,274 | 14,271 | 14,252 | 13,067 | 14,288 | 13,067 | |||||||||||||||||||||
| Book value per common share | $ | 11.07 | $ | 10.63 | $ | 10.27 | $ | 9.87 | $ | 8.91 | $ | 11.07 | $ | 8.91 | ||||||||||||||
| Full-Time Equivalent Employees | 187 | 188 | 175 | 169 | 159 | 187 | 159 | |||||||||||||||||||||
| (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 | Nine Months Ended | |||||||||||||||||||||||||||
| ($'s in 000, except per share data) | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Sep 30, 2025 | Sep 30, 2024 | |||||||||||||||||||||
| Net Revenue(1) | ||||||||||||||||||||||||||||
| Net Interest Income | $ | 12,998 | $ | 12,388 | $ | 11,894 | $ | 11,789 | $ | 12,259 | $ | 37,280 | $ | 34,410 | ||||||||||||||
| Non-Interest Income | 7,177 | 5,384 | 5,463 | 5,764 | 3,902 | 18,023 | 10,474 | |||||||||||||||||||||
| Net Revenue | $ | 20,175 | $ | 17,772 | $ | 17,357 | $ | 17,553 | $ | 16,161 | $ | 55,303 | $ | 44,884 | ||||||||||||||
| Adjusted Diluted Earnings Per Share Excluding Unusual Expenses(2) | ||||||||||||||||||||||||||||
| Net Income | $ | 4,308 | $ | 4,755 | $ | 4,470 | $ | 5,244 | $ | 5,015 | $ | 13,533 | $ | 13,392 | ||||||||||||||
| Unusual Expenses: | ||||||||||||||||||||||||||||
| Form S-1 and Uplist Costs | 30 | 290 | 759 | 367 | - | 1,079 | - | |||||||||||||||||||||
| CEO Resignation | 900 | - | - | - | - | 900 | - | |||||||||||||||||||||
| Costs Incurred Related to Discontinued Credit Card Marketing Campaign | 1,692 | - | - | - | - | 1,692 | - | |||||||||||||||||||||
| Tax Effect of Unusual Expenses | (597 | ) | (66 | ) | (173 | ) | (83 | ) | - | (835 | ) | - | ||||||||||||||||
| Net Income Excluding Unusual Expenses | $ | 6,333 | $ | 4,979 | $ | 5,056 | $ | 5,528 | $ | 5,015 | $ | 16,369 | $ | 13,392 | ||||||||||||||
| Weighted average diluted shares outstanding | 14,525 | 14,551 | 14,549 | 14,327 | 13,236 | 14,510 | 13,075 | |||||||||||||||||||||
| Diluted Earnings Per Share | $ | 0.30 | $ | 0.33 | $ | 0.31 | $ | 0.37 | $ | 0.38 | $ | 0.93 | $ | 1.02 | ||||||||||||||
| Adjusted Diluted Earnings Per Share Excluding Unusual Expenses | $ | 0.44 | $ | 0.34 | $ | 0.35 | $ | 0.39 | $ | 0.38 | $ | 1.13 | $ | 1.02 | ||||||||||||||
| Gain on Loan Sales Margin(1) | ||||||||||||||||||||||||||||
| Gain on Sale of Loans | $ | 3,592 | $ | 2,593 | $ | 2,537 | $ | 3,998 | $ | 2,838 | $ | 8,722 | $ | 8,084 | ||||||||||||||
| Loans Sold | 110,820 | 82,140 | 68,720 | 98,545 | 71,386 | 261,680 | 217,864 | |||||||||||||||||||||
| Gain on Loan Sales Margin | 3.24 | % | 3.16 | % | 3.69 | % | 4.06 | % | 3.98 | % | 3.33 | % | 3.71 | % | ||||||||||||||
| Guaranteed Loans as a Percent of Loans(3) | ||||||||||||||||||||||||||||
| SBA and USDA Guaranteed Loans | $ | 193,688 | $ | 192,324 | $ | 204,239 | $ | 201,267 | $ | 203,027 | $ | 193,688 | $ | 203,027 | ||||||||||||||
| Loans, Net of Deferred Fees and Costs | 940,591 | 871,630 | 843,365 | 815,958 | 780,999 | 940,591 | 780,999 | |||||||||||||||||||||
| Guaranteed Loans as a % of Loans | 20.6 | % | 22.1 | % | 24.2 | % | 24.7 | % | 26.0 | % | 20.6 | % | 26.0 | % | ||||||||||||||
| Non-performing assets, excluding guaranteed, to total assets(3) | ||||||||||||||||||||||||||||
| Non-performing assets | $ | 37,476 | $ | 18,373 | $ | 20,373 | $ | 14,168 | $ | 5,408 | $ | 37,476 | $ | 5,408 | ||||||||||||||
| Less: SBA and USDA guaranteed portions of non-performing assets | 27,112 | 13,792 | 14,687 | 9,321 | 3,838 | 27,112 | 3,838 | |||||||||||||||||||||
| Non-performing assets, excluding guaranteed portions | 10,364 | 4,581 | 5,686 | 4,847 | 1,570 | 10,364 | 1,570 | |||||||||||||||||||||
| Total assets | 1,301,378 | 1,232,424 | 1,190,012 | 1,122,364 | 1,048,002 | 1,301,378 | 1,048,002 | |||||||||||||||||||||
| Non-performing assets, excluding guaranteed, to total assets | 0.80 | % | 0.37 | % | 0.48 | % | 0.43 | % | 0.15 | % | 0.80 | % | 0.15 | % | ||||||||||||||
| Allowance for credit losses (ACL) to nonaccrual loans, excluding guaranteed(3) | ||||||||||||||||||||||||||||
| Nonaccrual loans | $ | 34,608 | $ | 18,227 | $ | 19,220 | $ | 14,128 | $ | 5,381 | $ | 34,608 | $ | 5,381 | ||||||||||||||
| Less: SBA and USDA guaranteed portions of nonaccrual loans | 27,111 | 13,792 | 13,859 | 9,321 | 3,838 | 27,111 | 3,838 | |||||||||||||||||||||
| Nonaccrual loans, excluding guaranteed portions | 7,497 | 4,435 | 5,361 | 4,807 | 1,543 | 7,497 | 1,543 | |||||||||||||||||||||
| ACL to nonaccrual loans, excluding guaranteed | 141 | % | 208 | % | 168 | % | 190 | % | 514 | % | 141 | % | 514 | % | ||||||||||||||
| ACL to loans, excluding guaranteed(3) | ||||||||||||||||||||||||||||
| Loans, net of deferred fees and costs | $ | 940,591 | $ | 871,630 | $ | 843,365 | $ | 815,958 | $ | 780,999 | $ | 940,591 | $ | 780,999 | ||||||||||||||
| Less: SBA and USDA guaranteed portions of loans | 193,688 | 192,324 | 204,239 | 201,267 | 203,027 | 193,688 | 203,027 | |||||||||||||||||||||
| Loans, excluding guaranteed | 746,903 | 679,306 | 639,126 | 614,691 | 577,972 | 746,903 | 577,972 | |||||||||||||||||||||
| ACL to loans, excluding guaranteed | 1.42 | % | 1.36 | % | 1.41 | % | 1.48 | % | 1.37 | % | 1.42 | % | 1.37 | % | ||||||||||||||
| 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 Q3 2025 net income and EPS on October 28, 2025?
How much were GBFH's Q3 2025 unusual after-tax expenses and what caused them?
What were GBFH's total assets and loan balances as of September 30, 2025?
How did GBFH's SBA and commercial loan originations perform in Q3 2025?
What credit-quality changes did GBFH disclose for Q3 2025?
How did GBFH's net revenue and non-interest income change in Q3 2025?
