Core Insights - GBank Financial reported a decline in earnings per share (EPS) for Q2 2025, with EPS at $0.33, missing the consensus forecast of $0.39 and down from $0.36 a year earlier [1][2] - Despite the EPS decline, net revenue increased to $17.8 million, up 14.8% from $15.5 million in Q2 2024 [1][2] - The company faced challenges with net interest margins and non-interest income, alongside rising credit loss provisions [1] Financial Performance - EPS (GAAP, Diluted) for Q2 2025 was $0.33, down 8.3% year-over-year [2] - Net revenue reached $17.8 million, a 14.8% increase from $15.5 million in Q2 2024 [2] - Net interest income was $12.4 million, up 9.7% from $11.3 million a year earlier [2] - Non-interest income increased to $5.4 million, a rise of 28.6% from $4.2 million in Q2 2024 [2] - The efficiency ratio improved to 58.5%, down from 58.9% [2] Business Model and Strategy - GBank Financial operates as a regional bank and digital fintech provider, focusing on traditional banking services and innovative financial technology [3] - The bank serves customers primarily in Nevada, California, Utah, and Arizona, with two full-service branches in Las Vegas [3] - Recent strategic focus includes expanding the lending portfolio and enhancing the digital banking interface, particularly in gaming and sports-related fintech [4] Loan and Deposit Growth - Deposits increased by $189.0 million year-over-year in Q1 2025, with total loans reaching $871.6 million [5] - Small Business Administration and commercial loan originations hit a quarterly record of $160.5 million [5] - Loan growth was strongest in commercial real estate, although multifamily and residential portfolios saw declines [5] Digital Banking and Credit Card Program - The consumer credit card program experienced mixed results, with a 22% decline in transaction volume due to a pause in new credit card issuances for system upgrades [6] - Net interchange fees also fell, but management indicated that credit card applications have resumed and transaction volume is trending higher for the next quarter [6] Asset Quality and Credit Loss Provisions - Non-performing assets represented 0.37% of total assets, down from the previous quarter but higher than last year's 0.22% [7] - Net charge-offs increased to $870,000 from $29,000 in Q2 2024, with provisions for credit losses raised to $1.1 million [7] - Some increases in nonaccrual loans were noted in government-guaranteed portfolios, which provide partial loss protection [7] Expense Management - Expenses remained elevated but declined compared to the prior quarter, with earlier periods seeing higher legal and regulatory costs [8] - The efficiency ratio improved to 58.5%, indicating better cost management [8] Future Outlook - Management provided a cautious but optimistic outlook, expecting a rebound in credit card volume and interchange fees in Q3 2025 [10] - The pipeline for SBA and business lending remains strong, with ongoing monitoring of loan sale margins and asset quality trends [10] - The company continues to invest in digital platforms, particularly in gaming and online payment products, pending regulatory approvals [10]

Core Insights - GBank Financial Holdings Inc. reported quarterly earnings of $0.33 per share, missing the Zacks Consensus Estimate of $0.36 per share, representing an earnings surprise of -8.33% [1] - The company posted revenues of $17.77 million for the quarter ended June 2025, missing the Zacks Consensus Estimate by 6.46%, compared to year-ago revenues of $15.51 million [2] - GBank shares have underperformed the market, losing about 2.7% since the beginning of the year, while the S&P 500 gained 8.6% [3] Earnings Outlook - The current consensus EPS estimate for the coming quarter is $0.48 on revenues of $21 million, and for the current fiscal year, it is $1.66 on revenues of $79.3 million [7] - The estimate revisions trend for GBank was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Banks - Southwest industry, to which GBank belongs, is currently in the top 17% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Financial Performance - The company reported net income of $4.8 million for Q2 2025, an increase from $4.5 million in Q1 2025 and $4.7 million in Q2 2024, translating to $0.33 per diluted share compared to $0.31 and $0.36 respectively [1][15] - For the first half of 2025, net income was $9.2 million, up from $8.4 million in the same period of 2024 [1] - Net revenue for Q2 2025 totaled $17.8 million, a 2.4% increase from $17.4 million in Q1 2025 and a 14.6% increase from $15.5 million in Q2 2024 [12] Income and Expenses - Net interest income for Q2 2025 was $12.4 million, reflecting a 4.2% increase from Q1 2025 and a 9.2% increase from Q2 2024 [4][6] - Non-interest income was $5.4 million for Q2 2025, a slight decrease from $5.5 million in Q1 2025 but an increase from $4.2 million in Q2 2024 [11] - Non-interest expense decreased to $10.4 million in Q2 2025 from $10.9 million in Q1 2025, while it increased from $9.1 million in Q2 2024 [13] Loan and Deposit Growth - Total loans, net of deferred fees, increased to $871.6 million as of June 30, 2025, up from $843.4 million in Q1 2025 and $772.9 million in Q2 2024 [17] - Deposits totaled $1.032 billion as of June 30, 2025, an increase from $995.9 million in Q1 2025 and $840.4 million in Q2 2024 [19] - The ratio of loans to deposits was 84.4% as of June 30, 2025, compared to 84.7% in Q1 2025 and 92.0% in Q2 2024 [20] Asset Quality - The provision for credit losses on loans was $1.1 million for Q2 2025, an increase from $710 thousand in Q1 2025 and $283 thousand in Q2 2024 [9][26] - Non-performing assets totaled $18.4 million as of June 30, 2025, a decrease from $20.4 million in Q1 2025 but an increase from $7.6 million in Q2 2024 [29] - The ratio of total non-performing assets to total assets was 1.49% as of June 30, 2025, down from 1.71% in Q1 2025 but up from 0.75% in Q2 2024 [31] Strategic Initiatives - The company has restarted credit card applications, with transaction volume in Q3 2025 trending 35% above Q2 2025 levels [3] - SBA lending and commercial banking loan originations reached a record $160.5 million in Q2 2025, compared to $133.0 million in Q1 2025 [33] - The company is enhancing its credit card operations and developing new platforms targeted for completion in Q4 2025 [34][35]

GBank Financial Holdings Inc. Second Quarter 2025 Financial Results [Financial Highlights](index=1&type=section&id=Second%20Quarter%202025%20Financial%20Highlights) GBank reported net income of $4.8 million, or $0.33 per diluted share, for Q2 2025, achieving a record $160.5 million in SBA and commercial loan originations despite a minor decline in non-interest income Net Income and EPS | Metric | Q2 2025 | Q1 2025 | Q2 2024 | | :--- | :--- | :--- | :--- | | **Net Income** | $4.8 million | $4.5 million | $4.7 million | | **Diluted EPS** | $0.33 | $0.31 | $0.36 | | **Net Income (YTD)** | $9.2 million | - | $8.4 million | | **Diluted EPS (YTD)** | $0.63 | - | $0.65 | - Executive Chairman Edward M. Nigro noted a **1.5% QoQ decline** in non-interest income due to a pause in credit card issuance and a lower gain on SBA loan sale margin of **3.16%**, mitigated by the restart of credit card applications with Q3 volume already trending **35% higher** and strong SBA loan originations of **$132 million**[3](index=3&type=chunk) Key Metrics (Q2 2025) | Key Metrics (Q2 2025) | Value | Comparison | | :--- | :--- | :--- | | **Net Revenue** | $17.8 million | +2.4% vs Q1 2025 | | **Gain on Loan Sales** | $2.6 million | on $82.1 million loans sold | | **SBA & Commercial Loan Originations** | $160.5 million | All-time record | | **Non-performing Assets (excl. guaranteed)** | $4.6 million | 0.37% of total assets | [Financial Results Analysis](index=1&type=section&id=Financial%20Results) The company's Q2 2025 performance featured strong net interest income growth driven by higher earning assets, balance sheet expansion, and improved efficiency, despite net interest margin compression and increased credit loss provisions [Income Statement Analysis](index=1&type=section&id=Income%20Statement) Net interest income grew significantly due to higher average earning assets, while non-interest expenses decreased, improving the efficiency ratio despite a compressed net interest margin and increased provision for credit losses Net Interest Income | Metric | Q2 2025 | Q1 2025 | Q2 2024 | | :--- | :--- | :--- | :--- | | **Net Interest Income** | $12.4 million | $11.9 million | $11.4 million | | **Change vs Q1 2025** | +$494 thousand (+4.2%) | - | - | | **Change vs Q2 2024** | +$1.0 million (+9.2%) | - | - | - The Net Interest Margin (NIM) decreased to **4.31%** in Q2 2025, down from **4.47%** in Q1 2025 and **4.82%** in Q2 2024, attributed to slightly lower loan yields and a decrease in the yield on investment securities[9](index=9&type=chunk) - The provision for credit losses on loans increased to **$1.1 million** in Q2 2025, up from **$710 thousand** in Q1 2025, reflecting organic loan growth and replenishment of reserves for charge-offs[10](index=10&type=chunk) - Non-interest expense decreased to **$10.4 million** in Q2 2025 from **$10.9 million** in Q1 2025, primarily due to lower non-recurring legal and professional fees, leading to an improved efficiency ratio of **58.5%**[13](index=13&type=chunk) [Balance Sheet Analysis](index=3&type=section&id=Balance%20Sheet) The balance sheet expanded significantly year-over-year, with total assets, loans, and deposits showing robust growth, and stockholders' equity increasing substantially Balance Sheet Overview | Balance Sheet Item | Jun 30, 2025 | Mar 31, 2025 | Jun 30, 2024 | | :--- | :--- | :--- | :--- | | **Total Assets** | $1.23 billion | $1.19 billion | $1.01 billion | | **Total Loans** | $871.6 million | $843.4 million | $772.9 million | | **Total Deposits** | $1.032 billion | $995.9 million | $840.4 million | | **Stockholders' Equity** | $151.7 million | $146.6 million | $110.9 million | - The allowance for credit losses as a percentage of total loans, excluding guaranteed portions, was **1.36%** as of June 30, 2025, compared to **1.41%** as of March 31, 2025, and **1.32%** as of June 30, 2024[18](index=18&type=chunk) - Book value per share increased to **$10.63** as of June 30, 2025, representing a **3.5% increase** from the prior quarter and a **25.2% increase** from the prior year[24](index=24&type=chunk) [Asset Quality Analysis](index=3&type=section&id=Asset%20Quality) Net loan charge-offs increased significantly year-over-year, and while total non-performing assets decreased quarter-over-quarter, they remain higher than the prior year, necessitating continued credit quality monitoring Net Loan Charge-offs | Metric | Q2 2025 | Q1 2025 | Q2 2024 | | :--- | :--- | :--- | :--- | | **Net Loan Charge-offs** | $870 thousand | $828 thousand | $29 thousand | | **Annualized Net Charge-offs to Avg. Loans** | 0.38% | 0.39% | 0.01% | - Total non-performing assets (NPAs) decreased by **$2.0 million** during the quarter to **$18.4 million**, but increased by **$10.8 million** from June 30, 2024[30](index=30&type=chunk) Non-Performing Asset Ratios | Ratio | Jun 30, 2025 | Mar 31, 2025 | Jun 30, 2024 | | :--- | :--- | :--- | :--- | | **NPA to Total Assets** | 1.49% | 1.71% | 0.75% | | **NPA (excl. guaranteed) to Total Assets** | 0.37% | 0.48% | 0.22% | - The company continues to closely monitor credit quality due to ongoing economic uncertainty, including the interest rate environment, inflation, and U.S. trade policy, noting that additional provisions for credit losses may be necessary in the future[33](index=33&type=chunk) [Business Segment Highlights](index=4&type=section&id=Other%20Financial%20Highlights) The SBA Lending and Commercial Banking segment achieved record loan originations, while the Gaming FinTech division experienced a temporary dip in transaction volume due to system enhancements, with strong rebound activity and ongoing new platform development - SBA lending and commercial banking loan originations reached a record **$160.5 million** for Q2 2025, though the average pretax gain on sale of loans margin decreased to **3.16%** from **4.36%** in Q2 2024[34](index=34&type=chunk) - In Gaming FinTech, the company completed system enhancements to internalize control of its credit card operations, which, combined with seasonality, led to a **22% QoQ decline** in transaction volume to **$82 million**[35](index=35&type=chunk)[36](index=36&type=chunk) - Despite the Q2 slowdown, the company began processing new card applications in mid-June and is already seeing significantly higher transaction volume compared to the second quarter[36](index=36&type=chunk) - The Prepaid Access/Slot program with BoltBetz has completed technology development and is awaiting final regulatory approvals, with a growing pipeline for new payments agreements[38](index=38&type=chunk) [Supplementary Information](index=6&type=section&id=Supplementary%20Information) This section provides details for the upcoming earnings call, a corporate profile, and important disclosures regarding non-GAAP financial measures and forward-looking statements - The company will host its Q2 2025 earnings call on **Tuesday, July 29, 2025, at 10:00 a.m. PST** via a ZOOM conference[40](index=40&type=chunk) - The company explains its use of non-GAAP financial measures, stating they provide a more complete understanding of its financial position and performance, with a reconciliation to GAAP measures provided at the end of the release[43](index=43&type=chunk)[45](index=45&type=chunk) - The press release contains forward-looking statements subject to numerous known and unknown risks and uncertainties, including economic conditions, interest rate changes, and regulatory factors, cautioning readers not to place undue reliance on these statements[50](index=50&type=chunk) [Consolidated Financial Statements (Tables)](index=8&type=section&id=Consolidated%20Financial%20Statements) This section presents the detailed, unaudited consolidated financial statements and supplementary data for GBank Financial Holdings Inc. as of and for the periods ended June 30, 2025, including balance sheets, income statements, and key performance metrics [Condensed Consolidated Balance Sheets](index=8&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) [Condensed Consolidated Income Statements](index=9&type=section&id=Condensed%20Consolidated%20Income%20Statements) [Average Balances, Rates, and Interest Income and Expense](index=10&type=section&id=Average%20Balances%2C%20Rates%2C%20and%20Interest%20Income%20and%20Expense) [Additional Financial Information](index=12&type=section&id=Additional%20Financial%20Information) [Reconciliation of Non-GAAP Financial Measures](index=14&type=section&id=Reconciliation%20of%20Non-GAAP%20Financial%20Measures)

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]