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GBank Financial Holdings Inc. Announces Second Quarter 2025 Financial Results

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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 societ脿 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 猫 migliorato, passando dal 62,8% del primo trimestre 2025 al 58,5%.

GBank Financial Holdings Inc. (NASDAQ: GBFH) report贸 un ingreso neto de 4,8 millones de d贸lares en el segundo trimestre de 2025 (0,33 d贸lares por acci贸n diluida), aumentando desde 4,5 millones en el primer trimestre de 2025. La compa帽铆a alcanz贸 un r茅cord en pr茅stamos SBA con originaciones por 160,5 millones de d贸lares.

Las m茅tricas clave del segundo trimestre de 2025 incluyen: ingresos netos de 17,8 millones de d贸lares (un aumento del 2,4% trimestre a trimestre), una ganancia por ventas de pr茅stamos de 2,6 millones y un ingreso neto por intereses de 12,4 millones de d贸lares (incremento del 4,2% trimestre a trimestre). Los activos totales alcanzaron 1,23 mil millones de d贸lares, con dep贸sitos de 1,032 mil millones y pr茅stamos totales de 871,6 millones.

Entre los desaf铆os notables se encuentran una disminuci贸n en el volumen de transacciones con tarjeta de cr茅dito a 82,2 millones de d贸lares (frente a 105,6 millones en el primer trimestre) y un margen menor en la ganancia por venta de pr茅stamos del 3,16%. La relaci贸n de eficiencia del banco mejor贸 a 58,5% desde el 62,8% en el primer trimestre de 2025.

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2025雲� 2攵勱赴 欤检殧 歆�響滊姅 雼れ潓瓿� 臧欖姷雼堧嫟: 靾滌垬鞚� 1,780毵� 雼煬(鞝� 攵勱赴 雽�牍� 2.4% 歃濌皜), 雽�於� 毵り皝 鞚挫澋 260毵� 雼煬, 靾滌澊鞛愳垬鞚� 1,240毵� 雼煬(鞝� 攵勱赴 雽�牍� 4.2% 歃濌皜). 齑� 鞛愳偘鞚� 12鞏� 3觳滊 雼煬鞐� 雼枅鞙茧┌, 鞓堦笀鞚� 10鞏� 3,200毵� 雼煬, 齑� 雽�於滉笀鞚� 8鞏� 7,160毵� 雼煬鞓�鞀惦媹雼�.

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GBank Financial Holdings Inc. (NASDAQ: GBFH) a annonc茅 un b茅n茅fice net de 4,8 millions de dollars au deuxi猫me trimestre 2025 (0,33 dollar par action dilu茅e), en hausse par rapport 脿 4,5 millions au premier trimestre 2025. La soci茅t茅 a atteint un niveau record de pr锚ts SBA avec des originations de 160,5 millions de dollars.

Les indicateurs cl茅s du deuxi猫me trimestre 2025 comprennent : un revenu net de 17,8 millions de dollars (augmentation de 2,4 % trimestre sur trimestre), un gain sur vente de pr锚ts de 2,6 millions et un revenu net d鈥檌nt茅r锚ts 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 d茅p么ts 脿 1,032 milliard et des pr锚ts totaux 脿 871,6 millions.

Parmi les d茅fis notables figurent une baisse du volume des transactions par carte de cr茅dit 脿 82,2 millions de dollars (contre 105,6 millions au premier trimestre) et une marge plus faible sur le gain de vente de pr锚ts de 3,16 %. Le ratio d鈥檈fficacit茅 de la banque s鈥檈st am茅lior茅 脿 58,5 % contre 62,8 % au premier trimestre 2025.

GBank Financial Holdings Inc. (NASDAQ: GBFH) meldete f眉r das zweite Quartal 2025 einen Nettogewinn von 4,8 Millionen US-Dollar (0,33 US-Dollar je verw盲sserter Aktie), was eine Steigerung gegen眉ber 4,5 Millionen US-Dollar im ersten Quartal 2025 darstellt. Das Unternehmen erzielte rekordverd盲chtige SBA-Kreditvergaben mit einem Volumen von 160,5 Millionen US-Dollar.

Wichtige Kennzahlen f眉r das zweite Quartal 2025 umfassen: Nettoeinnahmen von 17,8 Millionen US-Dollar (ein Anstieg von 2,4 % im Quartalsvergleich), ein Gewinn aus Kreditverk盲ufen von 2,6 Millionen US-Dollar und Nettozinsertr盲ge 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 R眉ckgang des Kreditkartentransaktionsvolumens auf 82,2 Millionen US-Dollar (gegen眉ber 105,6 Millionen im ersten Quartal) sowie eine niedrigere Marge beim Gewinn aus Kreditverk盲ufen von 3,16 %. Die Effizienzquote der Bank verbesserte sich von 62,8 % im ersten Quartal 2025 auf 58,5 %.

Positive
  • 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
Negative
  • 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 $4.8 million ($0.33 per diluted share), representing a 6.7% sequential increase from Q1 2025 ($4.5 million) but a slight decrease in EPS compared to Q2 2024 ($0.36 per share).

The bank's net revenue grew 2.4% quarter-over-quarter to $17.8 million, driven primarily by a 4.2% increase in net interest income to $12.4 million. This growth came despite facing pressure on multiple fronts:

  • Net interest margin compressed to 4.31% from 4.47% in Q1 2025 and 4.82% a year ago
  • Credit card transaction volume fell to $82.2 million from $105.6 million in Q1, reducing interchange fees by 25%
  • Gain on loan sales margin declined to 3.16% from 3.63% in Q1

Despite these headwinds, GBank demonstrated strength in loan origination, achieving a record $160.5 million in SBA lending and commercial banking originations, up 20.7% from the previous quarter. The bank maintained strong asset quality with non-performing assets (excluding guaranteed portions) at $4.6 million, representing just 0.37% of total assets.

The efficiency ratio improved to 58.5% from 62.8% in Q1, partly due to lower non-recurring expenses related to their Nasdaq listing. The bank's balance sheet expanded with total assets reaching $1.23 billion, up 3.6% from the previous quarter and 22.1% year-over-year.

Particularly noteworthy is the bank's strong capital position, with a book value per share of $10.63 (up 3.5% quarter-over-quarter and 25.2% year-over-year) and the Bank's Tier 1 leverage ratio at 13.8%. This robust capital foundation provides flexibility for continued growth despite the higher loan loss provision of $1.1 million compared to $710,000 in Q1.

The temporary pause in credit card issuance appears to be resolving, with management indicating Q3 transaction volume already trending 35% above Q2 levels. Combined with a robust SBA pipeline, this suggests potential for improved performance in upcoming quarters if gain-on-sale margins stabilize.

LAS VEGAS, July 28, 2025 (GLOBE NEWSWIRE) -- GBank Financial Holdings Inc. (the 鈥淐ompany鈥�) (NASDAQ: ), the parent company of (the 鈥淏ank鈥�), today reported net income for the quarter ended June听30, 2025 of $4.8 million, or $0.33 per diluted share, compared to $4.5 million, or $0.31 per diluted share during the first quarter of 2025, and $4.7 million, or $0.36 per diluted share, for the second quarter of 2024. For the six months ended听June 30, 2025, net income was听$9.2 million, or听$0.63听per diluted share, compared to听$8.4 million, or听$0.65听per diluted share, for the comparable six-month period of 2024.

Second Quarter 2025 Financial Highlights (Unaudited)

  • Net revenue(1) of $17.8 million, a 2.4% 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 to 3.63% 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 (鈥淪BA鈥�) 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, representing 0.37% of total assets

Edward M. Nigro, the Executive Chairman of the Company, stated, 鈥淥ur second quarter non-interest income declined by 1.5% compared to the first quarter of 2025 as a result of our pause in credit card issuance and further by the lower-than-expected gain on loan sale margin for SBA loan sales of 3.16%. Mitigating each occurrence are two key factors: (i) we have restarted credit card applications and third quarter 2025 transaction volume is already trending 35% above second quarter 2025; and, (ii) our SBA loan originations remain strong at $132 million for second quarter and the pipeline remains robust. We fully expect our credit card transaction growth to continue, and we are optimistic that gain on loan sale margins will return to more normal levels.鈥�

Financial Results

Income Statement

Net interest income totaled $12.4 million for the second quarter of 2025, reflecting an increase of $494 thousand, or 4.2%, compared to $11.9 million for the first quarter of 2025, and an increase of $1.0 million, or 9.2%, compared to the second quarter of 2024.

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 4.48% during the second quarter of 2024 to 4.07% for the quarter ended June 30, 2025. Interest income for the second quarter of 2025 also reflected the net effect of the reversal of $92 thousand of interest accruals and discounts attributable to $2.0 million of commercial loans placed on nonaccrual status during the quarter. Comparatively, the first quarter of 2025 reflected the net effect of the reversal of $100 thousand of interest accruals, deferred fees, and deferred costs attributable to $2.8 million of commercial loans placed on nonaccrual status.

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 4.73% for the second quarter of 2025, compared to 4.94% for the first quarter of 2025 and 4.74% for the second quarter of 2024. The decrease in the yield when compared to the previous quarter was the result of a changing investment mix during the second quarter of 2025 designed to address asset-liability management objectives.

The Company鈥檚 net interest margin for the second quarter of 2025 decreased to 4.31%, compared to 4.47% for the first quarter of 2025 and 4.82% for the second quarter of 2024. The decrease in net interest margin during the second quarter of 2025 when compared to the previous quarter was attributable to both (i) a slight decrease in loan yield quarter-over-quarter, and (ii) a decrease in yield on investment securities as discussed above. The decrease in net interest margin when compared to the second quarter of 2024 is reflective of the 100 basis point decrease in the target federal funds rate during the second half of 2024 by the Federal Reserve.

The Company recorded a provision for credit losses on loans of $1.1 million for the second quarter of 2025, an increase of $369 thousand compared to $710 thousand during the first quarter of 2025, and an increase of $796 thousand when compared to the second quarter of 2024. No provision for credit losses on loans was recorded during the first quarter of 2024. The provision for credit losses on loans recorded in the second quarter of 2025 reflects quarterly organic growth in non-guaranteed loans of $36.3 million and the replenishment of reserves to offset charge-offs taken during the period.

Non-interest income was $5.4 million for the second quarter of 2025, compared to $5.5 million for the first quarter of 2025, and $4.2 million for the second quarter of 2024. The $79 thousand decrease in non-interest income during the second quarter of 2025 when compared to the first quarter of 2025 was primarily due to a decrease in net interchange fees of $468 thousand resulting from the planned operational improvements undertaken by the Bank during the quarter, which contributed to a temporary lag in credit card activity. The $1.2 million increase in non-interest income during the second quarter of 2025 when compared to the second quarter of 2024 was driven by (i) an increase in credit card net interchange fees of $1.4 million, and (ii) a $216 thousand increase in loan servicing income. These increases were partially offset by a $570 thousand decrease in gain on sale of loans due to less favorable secondary market pricing during the second quarter of 2025.

Net revenue totaled $17.8 million for the second quarter of 2025, representing an increase of $415 thousand, or 2.4%, compared to $17.4 million for the first quarter of 2025. Net revenue for the second quarter of 2025 increased $2.3 million, or 14.6%, when compared to $15.5 million for the second quarter of 2024.

Non-interest expense was $10.4 million during the second quarter of 2025, compared to $10.9 million for the first quarter of 2025 and $9.1 million for the second quarter of 2024. The Company鈥檚 efficiency ratio was 58.5% for the second quarter of 2025, compared to 62.8% for the first quarter of 2024 and 58.9% for the second quarter of 2024. The quarter-over-quarter decrease in non-interest expense is primarily due to the non-recurring legal, professional, and audit fees associated with the preparation of filings made with the U.S. Securities and Exchange Commission for the registration of its shares of common stock and listing on the Nasdaq Capital Market, which totaled $759 thousand during the first quarter of 2025, compared to $290 thousand during the second quarter of 2025. The increase in non-interest expense from the second quarter of 2024 was driven by a $483 thousand increase in employee compensation costs due to increased stock-based compensation expense and staffing levels, as well as a $798 thousand increase in other expenses due to the previously mentioned legal, professional, and audit fees associated with the registration and listing of our shares of common stock, as well as increases in data processing, supplies, and other non-interest expenses to support the growth of the organization.

Income tax expense was $1.5 million for the quarter ended June听30, 2025, compared to $1.2 million for the first quarter of 2025, and $1.4 million for the second quarter of 2024. The Company鈥檚 effective tax rate was 23.6% for the quarter ended June听30, 2025, compared to 19.1% for the quarter ended March 31, 2025, and 23.1% for the quarter ended June听30, 2024. The fluctuations in the effective tax rate are largely driven by the timing and volume of certain stock-based compensation transactions resulting in tax benefits to the Company, as well as the timing and volume of state tax adjustments.

Net income was $4.8 million for the second quarter of 2025, an increase of $285 thousand from $4.5 million for the first quarter of 2025, and an increase of $79 thousand from $4.7 million for the second quarter of 2024. Diluted earnings per share totaled $0.33 for the second quarter of 2025, compared to $0.31 for the first quarter of 2025 and $0.36 for the second quarter of 2024. Earnings per share and other share-based metrics have been impacted by the shares issued in the previously disclosed private placement of shares of common stock completed in October 2024.

The Company had 188 full-time equivalent employees as of June听30, 2025, compared to 175 full-time equivalent employees as of March 31, 2025, and 155 full-time equivalent employees as of June听30, 2024.

Balance Sheet

Total loans, net of deferred fees and costs, were $871.6 million as of June听30, 2025, compared to $843.4 million as of March 31, 2025, and $772.9 million as of June听30, 2024. Loans, net of deferred fees and costs increased $28.3 million during the second quarter of 2025 primarily due to increases in commercial real estate, commercial and industrial, construction, and consumer loans, and partially offset by decreases in multifamily and residential loans. The increase in loans, net of deferred fees and costs, of $98.8 million from June听30, 2024, was primarily driven by increases of $88.5 million in commercial real estate loans. Total guaranteed loans as a percentage of loans(1) were 22.1% as of June听30, 2025, compared to 24.2% as of March 31, 2025, and 27.9% as of June听30, 2024.

The Company鈥檚 allowance for credit losses totaled $9.2 million as of June听30, 2025, compared to $9.0 million as of March 31, 2025, and $7.3 million as of June听30, 2024. The allowance for credit losses as a percentage of total loans was 1.06% as of June听30, 2025, compared to 1.07% as of March 31, 2025, and 0.95% as of June听30, 2024. The allowance for credit losses as a percentage of total loans, excluding guaranteed portions(1), was 1.36% as of June听30, 2025, compared to 1.41% as of March 31, 2025, and 1.32% as of June听30, 2024.

Deposits totaled $1.032 billion as of June听30, 2025, an increase of $36.5 million from $995.9 million as of March 31, 2025, and an increase of $192.1 million from $840.4 million as of June听30, 2024. By deposit type, the increase from the prior quarter was driven by an increase of $25.5 million in certificates of deposit and a $29.5 million increase in savings and money market accounts. Noninterest-bearing deposits totaled $228.9 million as of June 30, 2025, a decrease of $13.7 million from $242.7 million as of March 31, 2025, and an increase of $8.5 million from $220.4 million as of June 30, 2024.

The Company鈥檚 ratio of loans to deposits was 84.4% as of June听30, 2025, compared to 84.7% as of March 31, 2025, and 92.0% as of June听30, 2024.

The Company held no short-term borrowings as of June听30, 2025 or March 31, 2025, compared to short term borrowings of $12.0 million as of June听30, 2024. As of June听30, 2025, the Company had approximately $520.2 million in available borrowing capacity from the Federal Reserve Bank of San Francisco, the Federal Home Loan Bank of San Francisco, and through its various fed funds lines of credit with its correspondent banks.

Subordinated notes outstanding totaled $26.1 million as of June听30, 2025, March 31, 2025 and June听30, 2024.

Stockholders鈥� equity was $151.7 million as of June听30, 2025, compared to $146.6 million as of March 31, 2025, and $110.9 million as of June听30, 2024. The increase in stockholders鈥� equity from March 31, 2025 is attributable to increases in retained earnings resulting from net income earned during the quarter. The increase in stockholders鈥� equity since June听30, 2024 was the result of the previously disclosed private placement of shares of common stock completed in October 2024 and net income earned over the previous twelve months.

The Company鈥檚 ratio of common equity to total assets was 12.3% as of June听30, 2025 and March 31, 2025, compared to 11.0% as of June听30, 2024. The Bank鈥檚 Tier 1 leverage ratio was 13.8% as of June听30, 2025, compared to 14.2% as of March 31, 2025, and 12.9% as of June听30, 2024. The increase in the Bank鈥檚 Tier 1 leverage ratio was the result of the downstream of $15.0 million in additional capital from the Company to the Bank during the first quarter of 2025. The Company鈥檚 book value per share was $10.63 as of June听30, 2025, an increase of 3.5% from $10.27 as of March 31, 2025, and an increase of 25.2% from $8.49 as of June听30, 2024. The increase in book value per share from March 31, 2025 is attributable to net income earned during the second quarter of 2025.

Total assets increased 3.6% to $1.23 billion as of June听30, 2025, from $1.19 billion as of March 31, 2025, and increased 22.1% from $1.01 billion as of June听30, 2024. The increase in total assets from March 31, 2025 was primarily driven by increases in loans and investment securities. The increase in total assets from June听30, 2024 was primarily driven by increases in loans, interest bearing deposits with banks, and investment securities.

Asset Quality

The provision for credit losses on loans totaled $1.1 million for the second quarter of 2025, compared to $710 thousand for the first quarter of 2025 and $283 thousand for the second quarter of 2024. Net loan charge-offs in the second quarter of 2025 totaled $870 thousand, or 0.38% of average net loans (annualized), compared to net loan charge-offs of $828 thousand, or 0.39% of average net loans (annualized) in the first quarter of 2025 and $29 thousand of net loan charge-offs, or 0.01% of average net loans (annualized) during the second quarter of 2024.

(1) See Reconciliation of Non-GAAP Financial Measures

Nonaccrual loans decreased $993 thousand during the quarter to $18.2 million as of June听30, 2025, and increased $11.8 million from $6.5 million as of June听30, 2024. The guaranteed portion of nonaccrual loans totaled $13.8 million as of June 30, 2025. Loans past due 90 days and accruing interest totaled $146 thousand as of June听30, 2025, compared to $1.2 million as of March 31, 2025, and $1.1 million as of June听30, 2024. The balance of loans past due 90 days and accruing of $146 thousand at June听30, 2025 was comprised entirely of credit card balances which are non-guaranteed.

The Company held no other real estate owned as of June听30, 2025, March 31, 2025, or June 30, 2024.

Total non-performing assets totaled $18.4 million as of June听30, 2025, a decrease of $2.0 million from $20.4 million as of March 31, 2025, and an increase of $10.8 million from $7.6 million as of June听30, 2024. Non-performing assets, excluding guaranteed portions, totaled $4.6 million as of June听30, 2025, a decrease of $1.1 million from $5.7 million as of March 31, 2025 and an increase of $2.4 million from $2.2 million as of June听30, 2024.

Loans past due between 30 and 89 days and accruing interest totaled $8.2 million as of June听30, 2025, a decrease of $6.7 million from $14.9 million as of March 31, 2025, and an increase of $7.1 million from $1.1 million as of June听30, 2024. The guaranteed portion of loans past due between 30 and 89 days and accruing interest totaled $5.7 million as of June听30, 2025.

The ratio of total non-performing assets to total assets was 1.49% as of June听30, 2025, compared to 1.71% as of March 31, 2025, and 0.75% as of June听30, 2024. The ratio of non-performing assets, excluding guaranteed portions, to total assets(1) was 0.37% as of June听30, 2025, compared to 0.48% as of March 31, 2025, and 0.22% as of June听30, 2024.

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. 听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 $160.5 million for the second quarter of 2025, compared to $133.0 million for the first quarter of 2025 and $126.9 million for the second quarter of 2024. Loan sale volume increased to $82.1 million during the second quarter of 2025, compared to $68.7 million for the first quarter of 2025, and $77.9 million for the second quarter of 2024. Gain on sale of loans increased 2.2% to $2.6 million, compared to $2.5 million for the first quarter of 2025, and decreased 18.0% from $3.2 million for the second quarter of 2024. The average pretax gain on sale of loans margin was 3.16% for the second quarter of 2025, compared to 3.69% for the first quarter of 2025 and 4.36% for the second quarter of 2024.

Gaming FinTech

During the听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 22% decline in transaction volume from $105 million during the first quarter of 2025 to $82 million during the second quarter of 2025. However, we began processing new card applications mid-June and, as of the date of this press release, the Company is seeing significantly higher transaction volume over the second quarter.

Credit card balances were $3.7 million as of June听30, 2025, compared to $2.3 million as of March 31, 2025, and $891 thousand as of June听30, 2024. Through June听30, 2025, and since the launch of credit card operations, the Bank has processed over $246 million in gaming transactions.

The Prepaid Access/Slot program involving BoltBetz is continuing to make significant progress.听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 (鈥淏CS鈥�) and GBank now have sixteen active payment and Pooled Player (PPA鈩�) and Pooled Consumer (PCA鈩�) Program clients. Currently, BCS and GBank are conducting due diligence for five new clients, with anticipated onboarding in future quarters. Gaming FinTech deposits averaged $39.5 million for the second quarter of 2025, compared to $37.1 million for the first quarter of 2025.

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

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 鈥淕BFH.鈥澨齌hrough 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.听 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 (鈥淕AAP鈥�). The Company believes these non-GAAP financial measures provide both management and investors a more complete understanding of the Company鈥檚 financial position and performance. 听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. 听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 听and, more specifically, under the News & Media tab at ).听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 鈥淪EC鈥�). 听Accordingly, investors should monitor the Company鈥檚 web site, in addition to following the Company鈥檚 press releases, SEC filings, public conference calls, presentations and webcasts.

The information contained on, or that may be accessed through, the Company鈥檚 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 (鈥淪ecurities Act鈥�). 听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鈥檚 current views with respect to future events and the Company鈥檚 financial performance. Any statements about the Company鈥檚 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 鈥渁nticipate,鈥� 鈥渂elieves,鈥� 鈥渃an,鈥� 鈥渃ould,鈥� 鈥渕ay,鈥� 鈥減redicts,鈥� 鈥減otential,鈥� 鈥渟hould,鈥� 鈥渨ill,鈥� 鈥渆stimate,鈥� 鈥減lans,鈥� 鈥減rojects,鈥� 鈥渃ontinuing,鈥� 鈥渙ngoing,鈥� 鈥渆xpects,鈥� 鈥渋ntends鈥� and similar words or phrases. 听The Company cautions that the forward-looking statements in this press release are based largely on the Company鈥檚 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鈥檚 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. 听Additional information regarding these risks and uncertainties to which the Company鈥檚 business and future financial performance are subject is contained in the Company鈥檚 most recent filings with SEC, including the sections entitled 鈥淩isk Factors鈥� and 鈥淢anagement鈥檚 Discussion and Analysis of Financial Condition and Results of Operations鈥� of such documents, and other documents the Company files or furnishes with the SEC from time to time, which are available on the SEC鈥檚 website, www.sec.gov. 听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. 听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. 听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
听

听
GBank Financial Holdings Inc.
Condensed Consolidated Balance Sheets
(Unaudited)
听
听听听听听听听听听听听听听听听听听Linked Quarter听听Quarter Year-Over-Year听
听听听听听听听听听听听听听听听听听6/30/25 vs. 3/31/25听听6/30/25 vs. 6/30/24听
($鈥檚 in 000, except per share data)听Jun 30,
2025		听听Mar 31,
2025		听听Dec 31,
2024		听听Sep 30,
2024		听听Jun 30,
2024		听听$ Var听听% Var听听$ Var听听% Var听
Assets听听听听听听听听听听听听听听听听听听听听听听听听听听听
Cash and Due From Banks听$11,877听听$6,701听听$9,262听听$5,798听听$5,409听听$5,176听听听77.2%听$6,468听听听119.6%
Interest-Bearing Deposits With Other Financial Institutions听听131,352听听听140,270听听听114,860听听听65,160听听听82,749听听听(8,918)听听-6.4%听听48,603听听听58.7%
Total Cash and Cash Equivalents听听143,229听听听146,971听听听124,122听听听70,958听听听88,158听听听(3,742)听听-2.5%听听55,071听听听62.5%
听听听听听听听听听听听听听听听听听听听听听听听听听听听听
Investment Securities:听听听听听听听听听听听听听听听听听听听听听听听听听听听
Available For Sale, at Fair Value听听82,886听听听71,468听听听65,609听听听39,381听听听2,330听听听11,418听听听16.0%听听80,556听听听3457.3%
Held to Maturity, at Amortized Cost听听39,515听听听39,903听听听40,569听听听46,043听听听56,520听听听(388)听听-1.0%听听(17,005)听听-30.1%
听听听听听听听听听听听听听听听听听听听听听听听听听听听听
Loans Held For Sale听听45,242听听听41,313听听听32,649听听听68,317听听听40,489听听听3,929听听听9.5%听听4,753听听听11.7%
Loans, Net of Deferred Fees and Costs:听听听听听听听听听听听听听听听听听听听听听听听听听听听
Commercial and Industrial听听59,021听听听56,885听听听64,000听听听53,490听听听50,498听听听2,136听听听3.8%听听8,523听听听16.9%
Commercial AG真人官方 Estate - Non-owner Occupied听听682,021听听听672,379听听听630,551听听听607,864听听听583,463听听听9,642听听听1.4%听听98,558听听听16.9%
Commercial AG真人官方 Estate - Owner Occupied听听96,526听听听81,768听听听88,802听听听86,785听听听106,595听听听14,758听听听18.0%听听(10,069)听听-9.4%
Construction and Land Development听听4,371听听听3,201听听听2,934听听听2,161听听听529听听听1,170听听听36.6%听听3,842听听听726.3%
Multifamily听听18,987听听听19,011听听听17,374听听听17,398听听听17,420听听听(24)听听-0.1%听听1,567听听听9.0%
Residential听听6,810听听听7,619听听听10,584听听听12,025听听听13,443听听听(809)听听-10.6%听听(6,633)听听-49.3%
Consumer听听3,894听听听2,502听听听1,713听听听1,276听听听909听听听1,392听听听55.6%听听2,985听听听328.4%
Total Loans, Net of Deferred Fees and Costs听听871,630听听听843,365听听听815,958听听听780,999听听听772,857听听听28,265听听听3.4%听听98,773听听听12.8%
Less: Allowance for Credit Losses听听(9,205)听听(8,997)听听(9,114)听听(7,934)听听(7,342)听听(208)听听2.3%听听(1,863)听听25.4%
Total Net Loans听听862,425听听听834,368听听听806,844听听听773,065听听听765,515听听听28,057听听听3.4%听听96,910听听听12.7%
听听听听听听听听听听听听听听听听听听听听听听听听听听听听
Loan Servicing Asset听听9,736听听听9,231听听听8,976听听听8,046听听听7,698听听听505听听听5.5%听听2,038听听听26.5%
Restricted Investment in Bank Stock听听5,513听听听4,652听听听4,652听听听4,652听听听4,652听听听861听听听18.5%听听861听听听18.5%
All Other Assets听听43,878听听听42,106听听听38,943听听听37,540听听听43,992听听听1,772听听听4.2%听听(114)听听-0.3%
Total Assets听$1,232,424听听$1,190,012听听$1,122,364听听$1,048,002听听$1,009,354听听$42,412听听听3.6%听$223,070听听听22.1%
Liabilities听听听听听听听听听听听听听听听听听听听听听听听听听听听
Non-Interest Bearing Demand听$228,913听听$242,650听听$239,672听听$229,875听听$220,438听听$(13,737)听听-5.7%听$8,475听听听3.8%
Interest Bearing Demand听听57,254听听听62,035听听听68,132听听听65,623听听听65,120听听听(4,781)听听-7.7%听听(7,866)听听-12.1%
Savings and Money Market听听309,559听听听280,056听听听256,724听听听244,091听听听222,115听听听29,503听听听10.5%听听87,444听听听39.4%
Certificates of Deposit听听436,738听听听411,201听听听370,552听听听343,931听听听332,695听听听25,537听听听6.2%听听104,043听听听31.3%
Total Deposits听听1,032,464听听听995,942听听听935,080听听听883,520听听听840,368听听听36,522听听听3.7%听听192,096听听听22.9%
听听听听听听听听听听听听听听听听听听听听听听听听听听听听
Short-Term Borrowings听听-听听听-听听听-听听听-听听听12,000听听听-听听听0.0%听听(12,000)听听-100.0%
Subordinated Debt听听26,126听听听26,107听听听26,088听听听26,070听听听26,051听听听19听听听0.1%听听75听听听0.3%
Operating Lease Liability听听6,121听听听6,299听听听4,839听听听5,032听听听5,221听听听(178)听听-2.8%听听900听听听17.2%
Other Liabilities听听15,964听听听15,048听听听15,657听听听16,997听听听14,769听听听916听听听6.1%听听1,195听听听8.1%
Total Liabilities听听1,080,675听听听1,043,396听听听981,664听听听931,619听听听898,409听听听37,279听听听3.6%听听182,266听听听20.3%
听听听听听听听听听听听听听听听听听听听听听听听听听听听听
Equity听听听听听听听听听听听听听听听听听听听听听听听听听听听
Common Stock听听1听听听1听听听1听听听1听听听1听听听-听听听0.0%听听-听听听0.0%
Additional Paid-in Capital听听79,291听听听78,718听听听77,571听听听57,287听听听56,966听听听573听听听0.7%听听22,325听听听39.2%
Retained Earnings听听73,662听听听68,906听听听64,437听听听59,192听听听54,177听听听4,756听听听6.9%听听19,485听听听36.0%
Accumulated Other Comprehensive Loss听听(1,205)听听(1,009)听听(1,309)听听(97)听听(199)听听(196)听听19.4%听听(1,006)听听505.5%
Total Stockholders鈥� Equity听听151,749听听听146,616听听听140,700听听听116,383听听听110,945听听听5,133听听听3.5%听听40,804听听听36.8%
Total Liabilities & Stockholders鈥� Equity听$1,232,424听听$1,190,012听听$1,122,364听听$1,048,002听听$1,009,354听听$42,412听听听3.6%听$223,070听听听22.1%
听听听听听听听听听听听听听听听听听听听听听听听听听听听听
Book Value Per Common Share听$10.63听听$10.27听听$9.87听听$8.91听听$8.49听听$0.36听听听3.5%听$2.14听听听25.2%


GBank Financial Holdings Inc.
Condensed Consolidated Income Statements
(Unaudited)
听
听听Three Months Ended听听Six Months Ended听
($鈥檚 in 000, except per share data)听Jun 30,
2025		听听Mar 31,
2025		听听Dec 31,
2024		听听Sep 30,
2024		听听Jun 30,
2024		听听Jun 30,
2025		听听Jun 30,
2024		听
Interest Income听听听听听听听听听听听听听听听听听听听听听
Loans听$17,659听听$16,836听听$17,231听听$17,347听听$16,360听听$34,495听听$31,690听
Deposits With Other Financial Institutions听听1,365听听听1,192听听听1,099听听听1,367听听听1,165听听听2,557听听听2,137听
Investment Securities听听1,414听听听1,281听听听1,177听听听924听听听868听听听2,695听听听1,882听
Other Interest Bearing Balances听听117听听听100听听听103听听听102听听听96听听听217听听听170听
Total Interest Income听听20,555听听听19,409听听听19,610听听听19,740听听听18,489听听听39,964听听听35,879听
听听听听听听听听听听听听听听听听听听听听听听
Interest Expense听听听听听听听听听听听听听听听听听听听听听
Deposits听听7,905听听听7,230听听听7,535听听听7,194听听听6,848听听听15,135听听听13,046听
Short-term Borrowings and Subordinated Debt听听262听听听285听听听286听听听287听听听293听听听547听听听682听
Total Interest Expense听听8,167听听听7,515听听听7,821听听听7,481听听听7,141听听听15,682听听听13,728听
听听听听听听听听听听听听听听听听听听听听听听
Net Interest Income听听12,388听听听11,894听听听11,789听听听12,259听听听11,348听听听24,282听听听22,151听
Provision for Credit Losses - Loans听听(1,079)听听(710)听听(1,337)听听(570)听听(283)听听(1,789)听听(283)
Provision for Credit Losses - Unfunded Commitments听听(13)听听(11)听听(13)听听(8)听听(12)听听(24)听听(32)
Net Interest Income after Provision for Credit Losses听听11,296听听听11,173听听听10,439听听听11,681听听听11,053听听听22,469听听听21,836听
听听听听听听听听听听听听听听听听听听听听听听
Non-Interest Income听听听听听听听听听听听听听听听听听听听听听
Gain on Sales of Loans听听2,593听听听2,537听听听3,998听听听2,838听听听3,163听听听5,130听听听5,246听
Loan Servicing Income听听750听听听703听听听597听听听566听听听534听听听1,453听听听594听
Service Charges and Fees听听54听听听56听听听54听听听48听听听41听听听110听听听82听
Net Interchange Fees听听1,535听听听2,003听听听947听听听284听听听146听听听3,538听听听166听
Other Income听听452听听听164听听听168听听听166听听听282听听听616听听听483听
Total Non-Interest Income听听5,384听听听5,463听听听5,764听听听3,902听听听4,166听听听10,847听听听6,571听
听听听听听听听听听听听听听听听听听听听听听听
Non-Interest Expenses听听听听听听听听听听听听听听听听听听听听听
Salaries and Employee Benefits听听6,235听听听6,400听听听5,813听听听5,495听听听5,752听听听12,635听听听11,042听
Occupancy Expenses听听400听听听392听听听398听听听404听听听417听听听792听听听865听
Other Expenses听听3,761听听听4,115听听听3,509听听听3,156听听听2,963听听听7,876听听听5,601听
Total Non-Interest Expenses听听10,396听听听10,907听听听9,720听听听9,055听听听9,132听听听21,303听听听17,508听
听听听听听听听听听听听听听听听听听听听听听听
Income Before Provision For Income Taxes听听6,284听听听5,729听听听6,483听听听6,528听听听6,087听听听12,013听听听10,899听
Provision For Income Taxes听听(1,486)听听(1,224)听听(1,239)听听(1,513)听听(1,411)听听(2,710)听听(2,523)
Net Income Before Equity Investment Loss听听4,798听听听4,505听听听5,244听听听5,015听听听4,676听听听9,303听听听8,376听
Net Loss Attributable to Equity Investment听听(43)听听(35)听听-听听听-听听听-听听听(78)听听-听
Net Income听$4,755听听$4,470听听$5,244听听$5,015听听$4,676听听$9,225听听$8,376听
听听听听听听听听听听听听听听听听听听听听听听听听听
Earnings Per Share听$0.33听听$0.31听听$0.37听听$0.38听听$0.36听听$0.65听听$0.65听
Earnings Per Share (Diluted)听$0.33听听$0.31听听$0.37听听$0.38听听$0.36听听$0.63听听$0.65听
Average Common Shares Outstanding听听14,274听听听14,256听听听14,095听听听13,067听听听12,845听听听14,265听听听12,812听
Diluted Average Common Shares Outstanding听听14,551听听听14,549听听听14,327听听听13,236听听听12,964听听听14,536听听听12,964听


GBank Financial Holdings Inc.
Quarter-to-Date Average Balances, Rates, and Interest Income and Expense
(Unaudited)		听
听听
听听For the Three Months Ended听
听听June 30, 2025听听March 31, 2025听听June 30, 2024听
(Dollars in thousands)听Average听听听听听Yield/听听Average听听听听听Yield/听听Average听听听听听Yield/听
听听Balance听听Interest听听Rate(1)听听Balance听听Interest听听Rate(1)听听Balance听听Interest听听Rate(1)听
ASSETS:听听听听听听听听听听听听听听听听听听听听听听听听听听听
Interest Bearing Deposits听$115,974听听$1,365听听听4.72%听$102,628听听$1,192听听听4.71%听$80,062听听$1,165听听听5.85%
Investment Securities:听听听听听听听听听听听听听听听听听听听听听听听听听听听
Taxable听听119,880听听听1,414听听听4.73%听听105,222听听听1,281听听听4.94%听听73,696听听听868听听听4.74%
Loans and Loans Held For Sale听听911,028听听听17,659听听听7.77%听听866,690听听听16,836听听听7.88%听听789,516听听听16,360听听听8.33%
Restricted Investment in Bank Stock听听5,362听听听117听听听8.75%听听4,652听听听100听听听8.72%听听4,400听听听96听听听8.78%
Total Earning Assets听听1,152,244听听听20,555听听听7.16%听听1,079,192听听听19,409听听听7.29%听听947,674听听听18,489听听听7.85%
听听听听听听听听听听听听听听听听听听听听听听听听听听听听
Cash and Due From Banks听听6,782听听听听听听听听听6,216听听听听听听听听听6,302听听听听听听听
Other Assets听听41,894听听听听听听听听听39,177听听听听听听听听听33,607听听听听听听听
Total Assets听$1,200,920听听听听听听听听$1,124,585听听听听听听听听$987,583听听听听听听听
听听听听听听听听听听听听听听听听听听听听听听听听听听听听
LIABILITIES & STOCKHOLDERS鈥� EQUITY听听听听听听听听听听听听听听听听听听听听听听听听听听听
Deposits:听听听听听听听听听听听听听听听听听听听听听听听听听听听
Interest-bearing Demand听$60,320听听听316听听听2.10%听$65,693听听听355听听听2.19%听$67,038听听听395听听听2.37%
Money Market and Savings听听303,814听听听2,929听听听3.87%听听264,085听听听2,411听听听3.70%听听217,081听听听2,137听听听3.96%
Certificates of Deposit听听413,940听听听4,660听听听4.52%听听385,704听听听4,464听听听4.69%听听330,271听听听4,316听听听5.26%
Total Interest-Bearing Deposits听听778,074听听听7,905听听听4.08%听听715,482听听听7,230听听听4.10%听听614,390听听听6,848听听听4.48%
听听听听听听听听听听听听听听听听听听听听听听听听听听听听
Short-Term Borrowings听听-听听听-听听听0.00%听听-听听听-听听听0.00%听听517听听听7听听听5.45%
Subordinated Debt听听26,113听听听262听听听4.02%听听26,095听听听285听听听4.43%听听26,040听听听286听听听4.42%
Total Interest-Bearing Liabilities听听804,187听听听8,167听听听4.07%听听741,577听听听7,515听听听4.11%听听640,947听听听7,141听听听4.48%
听听听听听听听听听听听听听听听听听听听听听听听听听听听听
Noninterest-bearing Deposits听听223,201听听听听听听听听听218,874听听听听听听听听听220,842听听听听听听听
Other Liabilities听听22,404听听听听听听听听听20,139听听听听听听听听听18,849听听听听听听听
Stockholders鈥� Equity听听151,128听听听听听听听听听143,995听听听听听听听听听106,945听听听听听听听
Total Liabilities & Stockholders鈥� Equity听$1,200,920听听听听听听听听$1,124,585听听听听听听听听$987,583听听听听听听听
听听听听听听听听听听听听听听听听听听听听听听听听听听听听
Net Interest Income听听听听$12,388听听听听听听听听$11,894听听听听听听听听$11,348听听听听
听听听听听听听听听听听听听听听听听听听听听听听听听听听听
Total Yield on Earning Assets听听听听听听听听7.16%听听听听听听听听7.29%听听听听听听听听7.85%
Cost on Interest-Bearing Liabilities听听听听听听听听4.07%听听听听听听听听4.11%听听听听听听听听4.48%
Average Interest Spread听听听听听听听听3.08%听听听听听听听听3.18%听听听听听听听听3.37%
Net Interest Margin听听听听听听听听4.31%听听听听听听听听4.47%听听听听听听听听4.82%
Net Interest Margin (Bank Only)听听听听听听听听4.40%听听听听听听听听4.58%听听听听听听听听4.94%
听听听听听听听听听听听听听听听听听听听听听听听听听听听听
(1) Ratios are annualized on an actual/actual basis听听听听听听听听听听听听听听听听听听听听听听听听听听听


GBank Financial Holdings Inc.
Year-to-Date Average Balances, Rates, and Interest Income and Expense
(Unaudited)		听
听听
听听For the Six Months Ended听
听听June 30, 2025听听June 30, 2024听
(Dollars in thousands)听Average听听听听听Yield/听听Average听听听听听Yield/听
听听Balance听听Interest听听Rate(1)听听Balance听听Interest听听Rate(1)听
ASSETS:听听听听听听听听听听听听听听听听听听
Interest Bearing Deposits听$109,338听听$2,557听听听4.72%听$73,081听听$2,137听听听5.88%
Investment Securities:听听听听听听听听听听听听听听听听听听
Taxable听听112,591听听听2,695听听听4.83%听听85,890听听听1,882听听听4.41%
Loans and Loans Held For Sale听听888,982听听听34,495听听听7.82%听听758,651听听听31,690听听听8.40%
Restricted Investment in Bank Stock听听5,009听听听217听听听8.74%听听3,811听听听170听听听8.97%
Total Earning Assets听听1,115,920听听听39,964听听听7.22%听听921,433听听听35,879听听听7.83%
听听听听听听听听听听听听听听听听听听听
Cash and Due From Banks听听6,501听听听听听听听听听6,119听听听听听听听
Other Assets听听40,543听听听听听听听听听33,604听听听听听听听
Total Assets听$1,162,964听听听听听听听听$961,156听听听听听听听
听听听听听听听听听听听听听听听听听听听
LIABILITIES & STOCKHOLDERS鈥� EQUITY听听听听听听听听听听听听听听听听听听
Deposits:听听听听听听听听听听听听听听听听听听
Interest-bearing Demand听$62,992听听听672听听听2.15%听$66,170听听听788听听听2.39%
Money Market and Savings听听284,060听听听5,340听听听3.79%听听201,727听听听3,897听听听3.88%
Certificates of Deposit听听399,899听听听9,123听听听4.60%听听319,746听听听8,361听听听5.26%
Total Interest-Bearing Deposits听听746,951听听听15,135听听听4.09%听听587,643听听听13,046听听听4.46%
听听听听听听听听听听听听听听听听听听听
Short-Term Borrowings听听-听听听-听听听0.00%听听4,049听听听111听听听5.51%
Subordinated Debt听听26,104听听听547听听听4.23%听听26,031听听听571听听听4.41%
Total Interest-Bearing Liabilities听听773,055听听听15,682听听听4.09%听听617,723听听听13,728听听听4.47%
听听听听听听听听听听听听听听听听听听听
Noninterest-bearing Deposits听听221,050听听听听听听听听听220,804听听听听听听听
Other Liabilities听听21,278听听听听听听听听听18,427听听听听听听听
Stockholders鈥� Equity听听147,581听听听听听听听听听104,202听听听听听听听
Total Liabilities & Stockholders鈥� Equity听$1,162,964听听听听听听听听$961,156听听听听听听听
听听听听听听听听听听听听听听听听听听听
Net Interest Income听听听听$24,282听听听听听听听听$22,151听听听听
听听听听听听听听听听听听听听听听听听听
Total Yield on Earning Assets听听听听听听听听7.22%听听听听听听听听7.83%
Cost on Interest-Bearing Liabilities听听听听听听听听4.09%听听听听听听听听4.47%
Average Interest Spread听听听听听听听听3.13%听听听听听听听听3.36%
Net Interest Margin听听听听听听听听4.39%听听听听听听听听4.83%
Net Interest Margin (Bank Only)听听听听听听听听4.49%听听听听听听听听4.96%
听听听听听听听听听听听听听听听听听听听
(1) Ratios are annualized on an actual/actual basis听听听听听听听听听听听听听听听听听听


GBank Financial Holdings Inc.
Additional Financial Information
(Unaudited)		听
听听
听听Three Months Ended听听Six Months Ended听
($鈥檚 in 000, except per share data)听Jun 30,
2025		听听Mar 31,
2025		听听Dec 31,
2024		听听Sep 30,
2024		听听Jun 30,
2024		听听Jun 30,
2025		听听Jun 30,
2024		听
Key Performance Metrics听听听听听听听听听听听听听听听听听听听听听
Return on Average Assets-Net Income(1)听听1.59%听听1.61%听听1.93%听听1.96%听听1.90%听听1.60%听听1.75%
Return on Average Stockholders鈥� Equity(1)听听12.62%听听12.59%听听15.13%听听17.29%听听17.59%听听12.61%听听16.17%
Efficiency Ratio听听58.50%听听62.84%听听55.38%听听56.03%听听58.86%听听60.64%听听60.96%
Net Interest Margin(1)听听4.31%听听4.47%听听4.53%听听5.00%听听4.82%听听4.39%听听4.83%
Net Revenue(2)听$17,772听听$17,357听听$17,553听听$16,161听听$15,514听听$35,129听听$28,722听
Common Equity / Assets听听12.3%听听12.3%听听12.5%听听11.1%听听11.0%听听12.3%听听11.0%
Tier 1 Leverage Ratio - Bank听听13.82%听听14.23%听听12.90%听听13.08%听听12.88%听听13.82%听听12.88%
听听听听听听听听听听听听听听听听听听听听听听
Selected Loan Metrics听听听听听听听听听听听听听听听听听听听听听
Guaranteed Portion of Loans Held for Sale听$45,242听听$41,313听听$32,649听听$68,317听听$40,489听听$45,242听听$40,489听
Guaranteed Portion of Loans Held for Investment听听192,324听听听204,239听听听201,267听听听203,027听听听215,382听听听192,324听听听215,382听
Total Guaranteed Loans听听237,566听听听245,552听听听233,916听听听271,344听听听255,871听听听237,566听听听255,871听
Guaranteed Loans as a Percent of Total Loans(2)听听22.1%听听24.2%听听24.7%听听26.0%听听27.9%听听22.1%听听27.9%
SBA Loan Originations听$132,256听听$129,351听听$103,886听听$146,918听听$121,807听听$261,607听听$251,074听
SBA Loans Sold听$82,140听听$68,720听听$98,545听听$71,386听听$77,905听听$150,860听听$146,477听
Gain on Loan Sales Margin(2)听听3.16%听听3.69%听听4.06%听听3.98%听听4.36%听听3.40%听听3.58%
听听听听听听听听听听听听听听听听听听听听听听
Asset Quality听听听听听听听听听听听听听听听听听听听听听
Total nonaccrual loans听$18,227听听$19,220听听$14,128听听$5,381听听$6,470听听$18,227听听$6,470听
Loans past due 90 days and still accruing听听146听听听1,153听听听40听听听27听听听1,142听听听146听听听1,142听
Other real estate owned听听-听听听-听听听-听听听-听听听-听听听-听听听-听
Total non-performing assets听$18,373听听$20,373听听$14,168听听$5,408听听$7,612听听$18,373听听$7,612听
Non-performing assets: guaranteed portion听$13,792听听$14,687听听$9,321听听$3,838听听$5,396听听$13,792听听$5,396听
Non-performing assets: non-guaranteed portion听$4,581听听$5,686听听$4,847听听$1,570听听$2,216听听$4,581听听$2,216听
听听听听听听听听听听听听听听听听听听听听听听
Non-performing assets to total assets听听1.49%听听1.71%听听1.26%听听0.52%听听0.75%听听1.49%听听0.75%
Non-performing assets, excluding guaranteed, to total assets(2)听听0.37%听听0.48%听听0.43%听听0.15%听听0.22%听听0.37%听听0.22%
Net charge-offs (recoveries)听$870听听$828听听$157听听$(22)听$29听听$1,698听听$29听
听听听听听听听听听听听听听听听听听听听听听听
Loans past due 30-89 days and accruing听$8,182听听$14,853听听$11,822听听$12,390听听$1,054听听$8,182听听$1,054听
Loans past due 30-89 days and accruing: guaranteed portion听$5,650听听$11,915听听$8,713听听$8,535听听$-听听$5,650听听$-听
Loans past due 30-89 days and accruing: non-guaranteed portion听$2,532听听$2,938听听$3,109听听$3,855听听$1,054听听$2,532听听$1,054听
听听听听听听听听听听听听听听听听听听听听听听
Allowance for Credit Losses (ACL)听$9,205听听$8,997听听$9,114听听$7,934听听$7,342听听$9,205听听$7,342听
Nonaccrual loans听$18,227听听$19,220听听$14,128听听$5,381听听$6,470听听$18,227听听$6,470听
ACL to nonaccrual loans听听51%听听47%听听65%听听147%听听113%听听51%听听113%
ACL to nonaccrual loans, excluding guaranteed(2)听听208%听听168%听听190%听听514%听听130%听听208%听听130%
ACL to loans听听1.06%听听1.07%听听1.12%听听1.02%听听0.95%听听1.06%听听0.95%
ACL to loans, excluding guaranteed(2)听听1.36%听听1.41%听听1.48%听听1.37%听听1.32%听听1.36%听听1.32%
听听听听听听听听听听听听听听听听听听听听听听
Book Value听听听听听听听听听听听听听听听听听听听听听
Stockholders鈥� Equity听$151,749听听$146,616听听$140,700听听$116,383听听$110,945听听$151,749听听$110,945听
Common shares outstanding听听14,274听听听14,271听听听14,252听听听13,067听听听13,061听听听14,274听听听13,061听
Book value per common share听$10.63听听$10.27听听$9.87听听$8.91听听$8.49听听$10.63听听$8.49听
Full-Time Equivalent Employees听听188听听听175听听听169听听听159听听听155听听听188听听听155听
听听听听听听听听听听听听听听听听听听听听听听
(1)Ratios are annualized on an actual/actual basis听
(2)See Reconciliation of Non-GAAP Financial Measures听


GBank Financial Holdings Inc.
Reconciliation of Non-GAAP Financial Measures
(Unaudited)		听
听听
听听Three Months Ended听听Six Months Ended听
($'s in 000, except per share data)听Jun 30,
2025		听听Mar 31,
2025		听听Dec 31,
2024		听听Sep 30,
2024		听听Jun 30,
2024		听听Jun 30,
2025		听听Jun 30,
2024		听
听听听听听听听听听听听听听听听听听听听听听听
Net Revenue(1)听听听听听听听听听听听听听听听听听听听听听
Net Interest Income听$12,388听听$11,894听听$11,789听听$12,259听听$11,348听听$24,282听听$22,151听
Non-Interest Income听听5,384听听听5,463听听听5,764听听听3,902听听听4,166听听听10,847听听听6,571听
Net Revenue听$17,772听听$17,357听听$17,553听听$16,161听听$15,514听听$35,129听听$28,722听
听听听听听听听听听听听听听听听听听听听听听听
Gain on Loan Sales Margin(1)听听听听听听听听听听听听听听听听听听听听听
Gain on Sale of Loans听$2,593听听$2,537听听$3,998听听$2,838听听$3,163听听$5,130听听$5,246听
Loans Sold听听82,140听听听68,720听听听98,545听听听71,386听听听77,905听听听150,860听听听146,477听
Gain on Loan Sales Margin听听3.16%听听3.69%听听4.06%听听3.98%听听4.06%听听3.40%听听3.58%
听听听听听听听听听听听听听听听听听听听听听听
Guaranteed Loans as a Percent of Loans(2)听听听听听听听听听听听听听听听听听听听听听
SBA and USDA Guaranteed Loans听$192,324听听$204,239听听$201,267听听$203,027听听$215,382听听$192,324听听$215,382听
Loans, Net of Deferred Fees and Costs听听871,630听听听843,365听听听815,958听听听780,999听听听772,857听听听871,630听听听772,857听
Guaranteed Loans as a % of Loans听听22.1%听听24.2%听听24.7%听听26.0%听听27.9%听听22.1%听听27.9%
听听听听听听听听听听听听听听听听听听听听听听
Non-performing assets, excluding guaranteed, to total assets(2)听听听听听听听听听听听听听听听听听听听听听
Non-performing assets听$18,373听听$20,373听听$14,168听听$5,408听听$7,612听听$18,373听听$7,612听
Less: SBA and USDA guaranteed portions of non-performing assets听听13,792听听听14,687听听听9,321听听听3,838听听听5,396听听听13,792听听听5,396听
Non-performing assets, excluding guaranteed portions听听4,581听听听5,686听听听4,847听听听1,570听听听2,216听听听4,581听听听2,216听
Total assets听听1,232,424听听听1,190,012听听听1,122,364听听听1,048,002听听听1,009,354听听听1,232,424听听听1,009,354听
Non-performing assets, excluding guaranteed, to total assets听听0.37%听听0.48%听听0.43%听听0.15%听听0.22%听听0.37%听听0.22%
听听听听听听听听听听听听听听听听听听听听听听
Allowance for credit losses (ACL) to nonaccrual loans, excluding guaranteed(2)听听听听听听听听听听听听听听听听听听听听听
Nonaccrual loans听$18,227听听$19,220听听$14,128听听$5,381听听$6,470听听$18,227听听$6,470听
Less: SBA and USDA guaranteed portions of nonaccrual loans听听13,792听听听13,859听听听9,321听听听3,838听听听833听听听13,792听听听833听
Nonaccrual loans, excluding guaranteed portions听听4,435听听听5,361听听听4,807听听听1,543听听听5,637听听听4,435听听听5,637听
ACL to nonaccrual loans, excluding guaranteed听听208%听听168%听听190%听听514%听听130%听听208%听听130%
听听听听听听听听听听听听听听听听听听听听听听
ACL to loans, excluding guaranteed(2)听听听听听听听听听听听听听听听听听听听听听
Loans, net of deferred fees and costs听$871,630听听$843,365听听$815,958听听$780,999听听$772,857听听$871,630听听$772,857听
Less: SBA and USDA guaranteed portions of loans听听192,324听听听204,239听听听201,267听听听203,027听听听215,382听听听192,324听听听215,382听
Loans, excluding guaranteed听听679,306听听听639,126听听听614,691听听听577,972听听听557,475听听听679,306听听听557,475听
ACL to loans, excluding guaranteed听听1.36%听听1.41%听听1.48%听听1.37%听听1.32%听听1.36%听听1.32%
听听听听听听听听听听听听听听听听听听听听听听
Non-GAAP Financial Measures Footnotes听听听听听听听听听听听听听听听听听听听听听
(1) We believe this non-GAAP measurement presents trends in income generation of the Company.听
(2) We believe these non-GAAP measurements provide useful metrics regarding the at-risk assets of the Company.听

FAQ

What were GBFH's earnings per share in Q2 2025?

GBank Financial Holdings reported earnings of $0.33 per diluted share in Q2 2025, compared to $0.31 in Q1 2025 and $0.36 in Q2 2024.

How much was GBank's total loan portfolio as of Q2 2025?

GBank's total loans, net of deferred fees and costs, were $871.6 million as of June 30, 2025, an increase from $843.4 million in Q1 2025.

What was GBFH's net interest margin in Q2 2025?

GBFH's net interest margin was 4.31% in Q2 2025, down from 4.47% in Q1 2025 and 4.82% in Q2 2024.

How much were GBank's total deposits in Q2 2025?

Total deposits reached $1.032 billion as of June 30, 2025, increasing by $36.5 million from Q1 2025.

What was GBFH's efficiency ratio in Q2 2025?

GBFH's efficiency ratio improved to 58.5% in Q2 2025, compared to 62.8% in Q1 2025.

How did GBFH's credit quality metrics perform in Q2 2025?

Net loan charge-offs were $870 thousand (0.38% of average net loans), and non-performing assets totaled $18.4 million, with non-performing assets excluding guaranteed portions at $4.6 million.
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GBank Financial Holdings

NASDAQ:GBFH

GBFH Rankings

#3129 Ranked by Market Cap
N/A Ranked by Dividends

GBFH Latest News

Aug 28, 2025
GBank Financial Holdings Inc. is Pleased To Share the Press Release of BoltBetz
Jul 16, 2025
GBank Financial Holdings Inc. Announces Second Quarter 2025 Quarterly Earnings Call Scheduled for Tuesday, July 29th, at 10:00 A.M., Pacific Time
Apr 29, 2025
GBank Financial Holdings Inc. Announces First Quarter 2025 Financial Results
Apr 28, 2025
GBank Financial Holdings Inc. Announces Uplisting to Nasdaq Capital Market
Apr 16, 2025
GBank Financial Holdings Inc. Registration Statement Declared Effective

GBFH Latest SEC Filings

Aug 28, 2025
[8-K] GBank Financial Holdings Inc. Reports Material Event
Aug 12, 2025
[10-Q] GBank Financial Holdings Inc. Quarterly Earnings Report
Aug 6, 2025
[Form 4] GBank Financial Holdings Inc. Insider Trading Activity
Aug 5, 2025
[Form 4] GBank Financial Holdings Inc. Insider Trading Activity
Aug 4, 2025
[144] GBank Financial Holdings Inc. SEC Filing

GBFH Stock Data

591.33M
9.17M
35.77%
21.28%
5.19%
Banks - Regional
State Commercial Banks
United States
LAS VEGAS

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