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GBank Financial Holdings Inc. and GBank Announces Approvals Impacting Strategic Partner BoltBetz
Globenewswire· 2025-12-10 12:07
Core Insights - GBank Financial Holdings Inc. has received significant approvals for its strategic partner BoltBetz, allowing the launch of a cashless gaming platform in Las Vegas [1][2] - The approvals from the Nevada Gaming Control Board enable BoltBetz to integrate its mobile app with Konami's SYNKROS cashless wagering system and to be used at Distill and Remedy's Taverns [1][2] Company Overview - GBank Financial Holdings Inc. is a bank holding company based in Las Vegas, Nevada, listed on the Nasdaq under the symbol "GBFH" [3] - The company operates a national payment and Gaming FinTech business, serving gaming clients across the U.S. and offering products like the GBank Visa Signature Card tailored for the gaming and sports entertainment markets [3] - GBank is recognized as a top national SBA lender, operating in 40 states, and has two full-service commercial branches in Las Vegas [3] Strategic Developments - The approvals mark a culmination of years of planning and development, positioning BoltBetz as a unique slot machine app and bank payments system for licensed gaming operators [2] - The company aims to provide seamless solutions to licensed gaming slot operators in Nevada and across the United States [2]
GBank Financial Holdings Inc. Announces Mike Tyson Partners with GBank to Champion the GBank Visa Signature® Card for Gamers and Sports Enthusiasts
Globenewswire· 2025-10-27 12:30
Core Insights - GBank Financial Holdings Inc. has partnered with boxing legend Mike Tyson to promote the GBank Visa Signature® Card, aimed at providing a secure and rewarding payment option for gaming and sports enthusiasts [2][3] Company Overview - GBank Financial Holdings Inc. is a bank holding company based in Las Vegas, Nevada, listed on the Nasdaq under the symbol "GBFH" [4] - The company operates a national payment and Gaming FinTech business, serving clients across the U.S. with a focus on the gaming and sports entertainment markets [4] - GBank is recognized as a top national SBA lender, operating in 40 states and providing a range of banking products and services [5] Product Details - The GBank Visa Signature® Card is designed to facilitate fast and secure transactions for gaming and sports applications while offering cash rewards [3] - The partnership with Mike Tyson will be supported by a national promotional campaign emphasizing the card's speed, security, and flexibility [3] Mike Tyson's Role - Mike Tyson, a former heavyweight boxing champion and cultural entrepreneur, is expected to bring energy and innovation to the partnership, appealing to customers who value these traits [3][6]
GBank Financial Holdings Inc. Announces Second Quarter 2025 Quarterly Earnings Call Scheduled for Tuesday, July 29th, at 10:00 A.M., Pacific Time
Globenewswire· 2025-07-16 23:04
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].
GBank Financial Holdings Inc. Announces First Quarter 2025 Financial Results
Globenewswire· 2025-04-29 22:01
Core Viewpoint - GBank Financial Holdings Inc. reported a net income of $4.5 million for Q1 2025, reflecting a decrease from the previous quarter but an increase year-over-year, alongside significant growth in noninterest income driven by Gaming FinTech operations [1][17]. Financial Results - Net income for Q1 2025 was $4.5 million, or $0.31 per diluted share, down from $5.2 million ($0.37 per share) in Q4 2024, but up from $3.7 million ($0.29 per share) in Q1 2024 [1][17]. - Net revenue totaled $17.4 million, a decrease of 1.1% from Q4 2024 but an increase of 31.4% compared to Q1 2024 [13][48]. - Net interest income was $11.9 million, reflecting a slight increase of 0.9% from Q4 2024 and a 10.1% increase from Q1 2024 [5][48]. - Noninterest income was $5.5 million, down 5.2% from Q4 2024 but up 127.2% year-over-year [12][48]. - Noninterest expenses increased to $10.9 million, up 12.2% from Q4 2024 and 30.2% from Q1 2024, largely due to legal and professional fees related to SEC filings [14][48]. Asset Quality - The provision for credit losses on loans was $710 thousand for Q1 2025, a decrease from $1.3 million in Q4 2024, with no provision recorded in Q1 2024 [11][27]. - Non-performing assets totaled $20.4 million as of March 31, 2025, an increase from $14.2 million in Q4 2024 and $6.1 million in Q1 2024 [30][32]. Balance Sheet - Total assets increased by 6.0% to $1.190 billion from $1.122 billion as of December 31, 2024, and by 23.5% from $963.4 million as of March 31, 2024 [26]. - Total loans, net of deferred fees and costs, were $843.4 million, up from $816.0 million in Q4 2024 and $733.6 million in Q1 2024 [19]. - Total deposits reached $995.9 million, an increase of 6.5% from Q4 2024 and 23.4% from Q1 2024 [21]. Other Highlights - GBank's Gaming FinTech operations saw a 51% increase in noninterest income year-over-year, with credit card charge transactions reaching $105.6 million in Q1 2025 [3][37]. - The company received SEC approval for its S-1 filing, allowing for the registration and resale of 1,081,081 shares of common stock [3][4].