Business
GBank Financial Holdings Inc. Announces Third Quarter 2025 Financial Results
LAS VEGAS, Oct. 28, 2025 (GLOBE NEWSWIRE) -- GBank Financial Holdings Inc. (the “Company”) (NASDAQ: GBFH), the parent company of GBank (the “Bank”), today
About this update from Gbank Financial Holdings Inc.
[{"type":"text","content":"LAS VEGAS, Oct. 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 September 30, 2025 of $4.3 million, or $0.30 per diluted share. The results for the third quarter of 2025 include unusual expenses totaling $2.0 million after-tax, or $0.14 per diluted share, primarily associated with executive severance expenses and costs incurred related to the discontinuation of a third-party credit card marketing campaign. For the nine months ended September 30, 2025, net income was $13.5 million, or $0.93 per diluted share, compared to $13.4 million, or $1.02 per diluted share, for the comparable nine-month period of 2024. The net income for the nine months ended September 30, 2025 also includes unusual expenses totaling $0.20 per diluted share as detailed below. Third Quarter 2025 Financial Highlights (Unaudited) Net revenue(1) of $20.2 million, a 13.5% increase compared to the second quarter of 2025 Gain on loan sales of $3.6 million on loans sold of $110.8 million, compared to gain on loan sales of $2.6 million on loans sold of $82.1 million for the second quarter of 2025Gain on loan sales margin(1) of 3.24% compared to 3.16% for the second quarter of 2025Credit card transaction volume of $131.3 million and net interchange fees of $2.4 million, compared to $82.2 million and $1.5 million, respectively, for the second quarter of 2025U.S. Small Business Administration (“SBA”) lending and commercial banking loan originations of $242.1 million, the second consecutive record-breaking quarter for the Company, compared to the previous record of $160.7 million for the second quarter of 2025Non-performing assets, excluding guaranteed portions(1), of $10.4 million as of September 30, 2025, representing 0.80% of total assets Adjusted diluted earnings per share(1) was $0.44 for the quarter ended September 30, 2025 and $1.13 for the nine months ended September 30, 2025. Adjusted diluted earnings per share excludes certain unusual expenses presented in the table below. ($'s in 000, except per share data) Description Three Months Ended September 30, 2025 Nine Months Ended September 30, 2025 Form S-1 and Uplist Costs $30 $1,079 CEO Resignation 900 900 Costs Incurred Related To Discontinued Credit Card Marketing Campaign 1,692 1...