Financial Data and Key Metrics Changes - Q2 earnings were approximately $4,800,000, an increase from $4,500,000 in the prior quarter [15] - Net revenue for the quarter reached a record $17,800,000, up 215% compared to the prior linked and year-over-year quarters [15] - Net interest income was $12,400,000, while net interest margin declined to 4.31% from 4.47% in Q1 [16] - Total non-interest income decreased to $5,400,000 from $5,500,000 in Q1 [16] - Total non-interest expense for the quarter was $10,400,000, down approximately $500,000 compared to Q1 [19] - Efficiency ratio improved to 58.5% from 62.8% in Q1 [20] - Total assets increased by 3.6% to $1,230,000,000, and shareholders' equity grew by 3.5% to $151,700,000 [20][21] Business Line Data and Key Metrics Changes - New SBA and commercial loans originated during the quarter exceeded $160,000,000 [15] - Gain on sale of loans for the quarter was $2,600,000, with loan sales volume at $82,100,000 [16][17] - Non-performing assets (NPAs) net of guarantees decreased to $4,600,000, representing 0.37% of total assets [17] Market Data and Key Metrics Changes - The gaming and credit card divisions experienced a decline in transactions, with credit card transactions dropping to $82,000,000 and net interchange income to $1,500,000 [23] - July transactions showed significant growth, estimated at approximately $38,500,000, indicating a 35% increase from June [26] Company Strategy and Development Direction - The company is focusing on enhancing automated systems and fraud protection in the credit card division to support future growth [25] - The gaming fintech division is exploring new payment systems and stablecoin initiatives, indicating a strategic pivot towards innovative financial solutions [36] - The company anticipates regulatory approval for its slot program, which would allow it to manage slot proceeds under FDIC insured accounts [31][32] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future SBA activity, citing strong volumes and pipelines [18] - The company is positioned to benefit from increased gaming activity and expects substantial growth in its credit card division as enhancements are implemented [27][39] - Management noted the evolving gaming landscape, with increased player engagement and transaction activity expected [28] Other Important Information - The company has a strong liquidity position, with total liquidity increasing to $820,000,000, equating to approximately 77% of total deposits [21] - The company is transitioning to become an SEC registered entity, with related operating expenses decreasing significantly [15] Q&A Session Summary Question: Guidance on credit card growth for the remainder of the year - Management indicated that while issues have been enhanced, they cannot provide specific guidance for the next two to four quarters but noted positive trends in July [40] Question: Expectations for BoldBets and player onboarding - The onboarding process is dependent on gaming operators, with local businesses expected to show higher penetration rates compared to larger institutions [41][42] Question: Details on the Konami deal and expected deposits - The relationship with Konami is tied to the casino management system, and the bank does not have a direct relationship with Konami's machines or deposits [45]

GBank Financial Holdings Inc. (GBFH) came out with quarterly earnings of $0.33 per share, missing the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -8.33%. A quarter ago, it was expected that this company would post earnings of $0.31 per share when it actually produced earnings of $0.31, delivering no surprise.Over the last four quarters, the com ...

LAS VEGAS, July 28, 2025 (GLOBE NEWSWIRE) -- GBank Financial Holdings Inc. (the “Company”) (NASDAQ: GBFH), the parent company of GBank (the “Bank”), today reported net income for the quarter ended June 30, 2025 of $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 June 30, 2025, net income was $9.2 million, or $0.63 per diluted s ...

Company Release – 7/28/2025 GBank Financial Holdings Inc. Announces Second Quarter 2025 Financial Results LAS VEGAS, NV, July 28, 2025 -- GBank Financial Holdings Inc. (the "Company") (NASDAQ: GBFH), the parent company of GBank (the "Bank"), today reported net income for the quarter ended June 30, 2025 of $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 ...

Core Viewpoint - GBank Financial Holdings Inc. plans to release its second quarter 2025 financial results on July 28, 2025, and will host a quarterly earnings call on July 29, 2025, at 10:00 a.m. PST, accessible remotely [1]. Company Overview - GBank Financial Holdings Inc. is a bank holding company based in Las Vegas, Nevada, listed on the Nasdaq Capital Market under the symbol "GBFH" [4]. - The company operates a national payment and Gaming FinTech business, serving gaming clients across the U.S. and offering the GBank Visa Signature Card tailored for the gaming and sports entertainment markets [4]. - GBank is recognized as a top national SBA lender, operating in 40 states, and has two full-service commercial branches in Las Vegas, Nevada, providing a range of banking products and services [4]. Investor Information - The company regularly posts important information for investors on its website, which serves as a means of disclosing material non-public information and complying with SEC disclosure obligations [5]. - Investors are encouraged to monitor the company's website, press releases, SEC filings, public conference calls, presentations, and webcasts for updates [5].

Financial Performance & Growth - GBank Financial Holdings Inc has demonstrated industry-leading growth, with total loans up by 62% and total deposits up by 49% from September 30, 2023, to September 30, 2024[10] - The company's YTD pre-tax income increased by 89%, and YTD net income increased by 81%[10] - Total assets reached $1048 million as of September 30, 2024[10,30] - The company has shown consistent profitability, with core return on average assets between 153% and 204% since 2018[12] Key Financial Metrics (Q3 2024) - Net interest margin stood at 500%[10] - Core ROAA was 196%[10] - Core ROAE was 1729%[10] - The efficiency ratio was 592%[30] - Total tangible equity was $1164 million, representing 111% of total assets[30] Strategic Initiatives & Opportunities - GBank is a top originator of SBA 7(a) credits and the leading originator of hotel SBA loans in the country[12] - The company has partnered with BankCard Services LLC, positioning itself as a market leader in the Gaming FinTech space[12] - GBank's Visa Signature® card saw quarterly transaction volume increase from $11 million to $139 million from Q1 2024 to Q3 2024[13] Loan Portfolio & Asset Quality - The loan portfolio totaled $846 million, with a yield of 857%[71] - Government guaranteed loans constitute 315% of the loan portfolio[71] - Non-performing assets (NPAs) excluding government guaranteed assets, represent 015% of total assets[30] - The allowance for credit losses (ACL) to gross loans, excluding government guaranteed loans, is 136%[30]

Financial Performance - Net income for the three months ended March 31, 2025, was $4.47 million, an increase from $3.70 million in the same period of 2024[122] - Diluted earnings per share rose to $0.31, compared to $0.29 for the three months ended March 31, 2024[123] - Net interest income increased by $1.1 million, or 10%, to $11.9 million for the three months ended March 31, 2025[138] - Noninterest income rose to $5.5 million in Q1 2025, a 127.2% increase from $2.4 million in Q1 2024, driven by significant growth in loan servicing income and net interchange fees[148] - Income tax expense was $1.2 million for Q1 2025, a 10% increase from $1.1 million in Q1 2024, primarily due to higher pre-tax earnings[158] - Stockholders' equity increased by 4% to $146.6 million as of March 31, 2025, driven by net income generated during the first quarter[190] Asset and Loan Growth - Total assets increased by 6% to $1.190 billion at March 31, 2025, compared to $1.122 billion at December 31, 2024, primarily due to a $27.4 million increase in net loans[159] - Total loans, net of deferred loan costs, increased by 3% to $843.4 million at March 31, 2025, compared to $816.0 million at December 31, 2024[165] - Loan growth was $27.4 million, representing a 3% increase compared to the previous year[123] - As of March 31, 2025, total loans amounted to $843.4 million, an increase from $816.0 million at December 31, 2024[166] Non-Performing Assets - Non-performing assets increased to $20.4 million, representing 1.71% of total assets, up from $14.2 million at December 31, 2024[129] - Non-performing loans increased to $20.4 million as of March 31, 2025, compared to $14.2 million at December 31, 2024[177] Interest and Deposits - Net interest margin decreased to 4.47% from 4.85% year-over-year[122] - Interest income increased by $2.0 million due to a $184.0 million increase in average interest-earning assets over the twelve-month period ending March 31, 2025[139] - Interest-bearing deposits totaled $715.5 million, with a cost of 4.10%[138] - Total deposits rose by 7% to $995.9 million at March 31, 2025, up from $935.1 million at December 31, 2024[184] - As of March 31, 2025, total deposits increased to $934.4 million, up from $781.7 million as of December 31, 2024, reflecting a growth of approximately 19.5%[185] Expenses and Liabilities - Noninterest expense increased by 30% to $10.9 million for Q1 2025, compared to $8.4 million for Q1 2024, driven by higher salaries and employee benefits[153] - The company’s total liabilities increased by $61.7 million, or 6%, to $1.043 billion at March 31, 2025[183] - Other liabilities decreased by 4% to $15.0 million, driven by a reduction in accrued interest payable[189] Capital and Liquidity - The Company's Tier 1 Capital Leverage Ratio improved to 14.23% as of March 31, 2025, up from 12.90% at the end of 2024[194] - Total primary liquidity sources amounted to $259.8 million as of March 31, 2025, compared to $222.4 million at December 31, 2024, indicating a liquidity increase of 16.8%[198] - Unused borrowing capacity with the FHLB of San Francisco increased to approximately $90.0 million as of March 31, 2025, from $85.0 million at the end of 2024[198] - The Company had no short-term borrowings as of March 31, 2025, maintaining a stable debt position[187] Other Assets and Operations - Cash and cash equivalents increased by 18% from $124.1 million at December 31, 2024, to $147.0 million at March 31, 2025[160] - Operating lease right of use asset increased by $1.4 million to $6.0 million at March 31, 2025, due to lease modifications[179] - Loan servicing assets increased by $255 thousand to $9.2 million at March 31, 2025, primarily due to the addition of servicing rights[180] - Other assets totaled $21.0 million at March 31, 2025, reflecting a 9% increase compared to $19.4 million at December 31, 2024[182]

Financial Performance - Net income for Q1 2025 was $4.5 million, a decrease of 14.9% from $5.2 million in Q4 2024, but an increase of 20.8% from $3.7 million in Q1 2024[1][16] - Net revenue for Q1 2025 totaled $17.4 million, reflecting a 31.4% increase compared to $13.2 million in Q1 2024, but a slight decrease of 1.1% from $17.6 million in Q4 2024[6][13] - The Company's net income for Q1 2025 was $4.5 million, with earnings per diluted share of $0.31, compared to $5.2 million and $0.37 in Q4 2024, and $3.7 million and $0.29 in Q1 2024[46][47] - Net revenue for the three months ended March 31, 2025, was $17,357,000, an increase from $13,207,000 in the same period last year, representing a growth of 31.5%[58] - Net interest income for the same period was $11,894,000, compared to $10,802,000 a year ago, reflecting an increase of 10.1%[60] - Net income for the quarter was $4.505 million, a decrease from $5.244 million in the previous quarter, indicating a decline of 14.1%[54] - Earnings per share (EPS) for the quarter was $0.31, down from $0.37 in the previous quarter[54] Revenue and Income Sources - Non-interest income reached $5.5 million in Q1 2025, up 131.3% from $2.4 million in Q1 2024, driven by increased credit card net interchange fees[12] - Total interest income for the three months ended March 31, 2025, was $19.409 million, a slight decrease from $19.610 million in the previous quarter[54] - Total other income for the quarter was $5.463 million, down from $5.764 million in the previous quarter[54] Assets and Liabilities - Total assets increased by 6.0% to $1.190 billion as of March 31, 2025, from $1.122 billion as of December 31, 2024, and increased by 23.5% from $963.4 million as of March 31, 2024[26] - Total liabilities of $1,043,396, an increase of 6.3%, or $61,732[52] - Total deposits increased by $189.0 million, or 23.4%, from $806.9 million as of March 31, 2024, to $995.9 million as of March 31, 2025[20] - Total interest-bearing deposits increased to $715.482 million from $678.806 million in the previous quarter, reflecting a growth of 5.0%[56] Equity and Book Value - Stockholders' equity increased to $146.6 million as of March 31, 2025, up from $102.6 million as of March 31, 2024, driven by net income and capital increases from the previous offering[23] - The Company's book value per share was $10.27 as of March 31, 2025, an increase of 4.1% from $9.87 as of December 31, 2024, and an increase of 28.4% from $8.00 as of March 31, 2024[24] Loan and Credit Performance - Total loans, net of deferred fees and costs, increased to $843.4 million as of March 31, 2025, up from $733.6 million as of March 31, 2024[18] - The provision for credit losses on loans totaled $710 thousand for Q1 2025, down from $1.3 million in Q4 2024, with net loan charge-offs of $828 thousand, or 0.39% of average net loans[27] - SBA Lending and Commercial Banking loan originations totaled $133.0 million for Q1 2025, compared to $120.0 million for Q4 2024 and $136.6 million for Q1 2024[33] - Loan originations of $133.0 million, a decrease of 2.7%, or $3.6 million[49] Non-Performing Assets - Non-performing assets totaled $20.4 million as of March 31, 2025, an increase of $6.2 million from $14.2 million as of December 31, 2024, and an increase of $14.2 million from $6.1 million as of March 31, 2024[30] - The ratio of total non-performing assets to total assets was 1.71% as of March 31, 2025, compared to 1.26% as of December 31, 2024, and 0.64% as of March 31, 2024[32] - Total non-performing assets increased to $20,373,000, up from $14,168,000 in the same quarter last year, marking a rise of 43.8%[60] - The allowance for credit losses (ACL) to non-accrual loans ratio was 47.96% for Q1 2025, compared to 65.96% in Q1 2024, indicating a decrease in coverage[58] Operational Efficiency - The company's efficiency ratio was 62.8% in Q1 2025, compared to 55.4% in Q4 2024 and 63.4% in Q1 2024[14] - The efficiency ratio improved to 62.84% in Q1 2025 from 63.41% in Q1 2024, indicating better operational efficiency[58] Employee Metrics - The company had 175 full-time equivalent employees as of March 31, 2025, an increase from 150 employees as of March 31, 2024[17] - The number of employees (FTE) increased to 175 from 150 year-over-year, indicating a growth in workforce[58] Other Key Metrics - The net interest margin for Q1 2025 was 4.47%, down from 4.85% in Q1 2024, reflecting the impact of a 50 basis point decrease in the federal funds rate[10] - The average yield on earning assets was 7.29% for the quarter, compared to 7.53% in the previous quarter[56] - Credit card charge transactions reached $105.6 million for Q1 2025, compared to $51.7 million for Q4 2024 and $1.1 million for Q1 2024[37] - Gaming FinTech deposits averaged $37.1 million for Q1 2025, compared to $30.5 million for Q4 2024[35] - The Company is onboarding three new programs with BCS, expected to be active early in Q2 2025, and has launched the GBank Visa Signature® Card for prime and super-prime consumers[34][36]