GBank Financial Holdings Inc(US:GBFH) Globenewswire·2026-01-28 21:29Core Viewpoint - GBank Financial Holdings Inc. reported record net income for Q4 2025, achieving $7.4 million or $0.51 per diluted share, driven by strong growth in SBA lending and credit card transactions despite some one-time expenses and challenges from a government shutdown [1][5][18]. Financial Performance - For Q4 2025, the adjusted net income was $7.6 million, or $0.52 adjusted diluted earnings per share, reflecting a strong performance despite unusual items impacting the results [1][4]. - The net income for the year ended December 31, 2025, was $20.9 million, or $1.44 per diluted share, an increase from $18.6 million, or $1.39 per diluted share, in 2024 [2][4]. - Total net revenue for Q4 2025 was $20.7 million, a 2.7% increase from Q3 2025 and an 18.0% increase from Q4 2024 [15]. Asset Quality - Non-performing assets totaled $37.4 million as of December 31, 2025, with a ratio of 2.75% of total assets, showing a slight decrease from the previous quarter [30][32]. - The allowance for credit losses was $9.9 million, representing 1.03% of total loans, a decrease from 1.12% in the prior quarter [22]. Loan and Deposit Growth - Total loans increased to $959.3 million as of December 31, 2025, up from $940.6 million in the previous quarter and $816.0 million a year earlier, driven by growth in commercial and industrial loans [21]. - Deposits reached $1.1 billion, an increase of $50.5 million from the previous quarter and $207.6 million from the previous year [23]. Operational Highlights - SBA loan originations totaled $126.4 million in Q4 2025, despite a government shutdown that impacted approvals, showing resilience compared to $120.0 million in Q4 2024 [34]. - The company achieved a gain on loan sales margin of 3.93% in Q4 2025, an improvement from 3.24% in Q3 2025, indicating effective management of loan spreads [36]. Strategic Initiatives - The company is enhancing its credit card platform and has successfully integrated with various fraud detection services, resulting in zero fraud applications in the last 75 days [37]. - The BoltBetz Prepaid Access/Slot program has been approved, marking a significant step in the company's gaming initiatives [39]. Subsequent Events - On January 14, 2026, the company completed a private placement of $11.0 million in subordinated notes, intended for general corporate purposes and refinancing existing debt [40].