Gbank Financial Holdings Inc. · NASDAQ:GBFH
Gbank Financial — OTC Virtual Investor Conference (March 2023)
24 slides from Gbank Financial's conference presentation, March 2023
Slide 1: OTC Virtual Investor Conference
March 2023 OTC Virtual Investor Conference 1
Slide 2: Disclaimers
Disclaimers This presentation contains, and future oral and written statements of GBank Financial Holdings Inc. (the “Company,” “we,” “us” or “our”) and its management may contain, forward-looking statements. Forward-looking statements are neither historical facts nor guarantees or assurances of fut
Slide 3: Letter to Loyal Clients, March 14, 2023
March 14, 2023 Dear Loyal Clients, We thought it important to send out a short general narrative regarding our operations at GBank given all the concern and speculation that has been created these past few days. We are very pleased at the performance of GBank. GBank metrics as of March 10, 2023, pro
Slide 4: Company Overview
Company Overview GBank Financial Holdings Inc., a bank holding company with $679 million in assets as of December 31, 2022, conducts business through its wholly owned subsidiary, GBank Positive Attitude Founded in 2007, the Bank operates two full-service commercial branches in Las Vegas, Nevada
Slide 5: GBank Financial Holdings Inc. Directors
GBank Financial Holdings Inc. Directors Edward M. Nigro Executive Chairman GBank Financial Holdings Inc. & GBank A. Lee Finley Charles W. Griege, Jr. William J. Hornbuckle IV Director Director Director Founder, Managing Partner, CEO and President, BrandFX Body Company Blue Lion Capital MGM Resorts I
Slide 6: GBank Directors
GBank Directors Edward M. Nigro Executive Chairman GBank Financial Holdings Inc. & GBank Dana A. Dwiggins Powell Timothy P. Herbst Shelli L. Lowe Director Director Director Managing Partner, President, Director of Client Services, Solomon, Dwiggins and Terrible Herbst Inc. Integra Realty Resources -
Slide 7: Experienced and Invested Leadership Team
Experienced and Invested Leadership Team Edward M. Nigro Edward Nigro serves as the Executive Chairman of the Company and the Bank Executive Chairman Founder and CEO of BankCard Services LLC (“BCS”) GBank Financial Holdings & President of Omega Industries, Inc., an investment management firm G
Slide 8: Investment Highlights
Investment Highlights Regional Commercial High Growth Banking and FinTech & Payment National Opportunities SBA Lines Experienced and Strong Credit Invested Board & Culture and Management Pristine Asset (48% ownership) Quality Outstanding Profitability and Robust Capital and Financial Liquidity Posit
Slide 9: Financial Snapshot
Financial Snapshot CB Resource, Inc. recently recognized GBank as #5 out of 544 banks in its size peer group for the Bank’s Q4 2022 financial performance In March 2022, S&P Capital IQ ranked GBank #6 best-performing U.S. community bank with assets under $3 billion based on financial strength, gr
Slide 10: Regional Banking Overview
Regional Banking Overview Regional Banking Growth Strategy Robust Expansion Opportunities Fostering relationships for direct business and referrals Expanding further into Nevada, California, Utah, and NV Arizona UT CA Adding top professionals in the industry to gain a further competitive edge
Slide 11: SBA Lending Overview
SBA Lending Overview Overview Most Active SBA 7(a) Lenders Approval Approval Am ount # as of SBA FYE 09/30/2022 Count ($MM) 1 Live Oak Banking Company (NC) 1,157 1,696.5 The Bank offers SBA and U.S. Department of Agriculture (USDA) loans across the 2 New tek Small Business Finance, Inc. (NY) 1,677
Slide 12: SBA Lending - Hotel Portfolio Summary
SBA Lending - Hotel Portfolio Summary Diversified Accommodation Portfolio The Bank has been a top national SBA 7(a) Hotel/Motel lender for each of the past three years. The Bank maintains strong national relationships and has established itself as the premier government guaranteed lender within th
Slide 13: Gaming FinTech Overview
Gaming FinTech Overview Significant Generator of Fee Income and Deposits Activity Trends (000s)(1) The gaming ecosystem includes: Commercial and Tribal 534.8 Casinos; Sports and iGaming; e-Sports and Daily Fantasy; and 418.8 377.2 State Lotteries. 170.2 32.4 Digitization of the US gaming ecosyst
Slide 14: Compelling Balance Sheet Growth
Compelling Balance Sheet Growth Total Assets ($M) Total Loans ($M) 405 679 618 356 305 471 230 344 169 238 122 130 208 159 2016 2017 2018 2019 2020 2021 2022 2016 2017 2018 2019 2020 2021 2022 Total Deposits ($M) Loan/Deposit Ratio (%) 555 510 92 389 85 297 77 78 200 73 73 177 70 133 2016 2017 2018
Slide 15: Financial Performance Trends
Financial Performance Trends Net Interest Margin (%) Efficiency Ratio (%) 5.21 5.02 4.83 63 4.36 4.28 60 4.03 58 57 58 58 3.40 54 2016 2017 2018 2019 2020 2021 2022 2016 2017 2018 2019 2020 2021 2022 Non-Interest Income / Total Revenue (%) ROAA (%) and ROATCE (%) 2022 Non-Interest Income of $16.5 mi
Slide 16: Loan Portfolio Summary
Loan Portfolio Summary Overview Loan Portfolio Hotel CRE loan portfolio of $208 million as of December 31, 2022, representing 51% of total loans 1% 24% Top 20 relationships represent ~$134 million or ~33% of total loans as of December 31, 2022 Q4 ’22 Yield 3% on Loans: 51% PPP loans outstandin
Slide 17: Asset Quality Trends
Asset Quality Trends Overview NCOs/Avg. Loans (%) Prudent risk management philosophy with a disciplined approach to credit underwriting Less than $650k in total charge-offs since 2020 0.33 ALLL / total loans net of PPP and government guarantees was 1.84% as of December 31, 2022 0.17 0.03 0.00
Slide 18: Attractive Low-Cost Core Deposit Base
Attractive Low-Cost Core Deposit Base Overview Deposit Composition Strong deposit base with “sticky” funding – core deposits of $543 million, which represents 97.84% of total deposits1 10% 10% Low cost of deposits of 0.64% as of December 31, 2022 Small- and medium-sized business relationships
Slide 19: Investment Portfolio and Interest Rate Sensitivity
Investment Portfolio and Interest Rate Sensitivity Interest Rate Sensitivity1 $ Change NII Sensitivity 20000 18000 18480 16000 14000 $107.5 million in investment security 12000 10000 12169 11215 portfolio as of December 31, 2022, 8000 $104.5 million designated as Held-To- 6000 7386 Maturity, which
Slide 20: Capitalization and Sources of Liquidity
Capitalization and Sources of Liquidity Liquidity Coverage Summary 450,000 400,000 350,000 300,000 250,000 200,000 150,000 100,000 50,000 - Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Primary Liquidity Total Liquidity Funding and Sources of Liquidity at the Company $136.4 million in cash or deposits at oth
Slide 21: Capital Ratio
Capital Ratio Tangible Common Equity / Tangible Assets (%) 15.9 14.5 14.0 13.7 12.8 12.4 12.3 2016 2017 2018 2019 2020 2021 2022 20
Slide 22: Investment Highlights
Investment Highlights Regional Commercial High Growth Banking and FinTech & Payment National Opportunities SBA Lines Experienced and Strong Credit Invested Board & Culture and Management Pristine Asset (48% ownership) Quality Outstanding Profitability and Robust Capital and Financial Liquidity Posit
Slide 23: Financial Highlights
Financial Highlights GBank Financial Holdings Inc. 2016¹ 2017 2018 2019 2020 2021 2022 Total Assets 159,043 208,371 238,442 344,333 470,639 618,074 678,702 Balance Sheet Gross Loans 122,170 130,227 168,699 229,876 305,317 356,232 405,446 Reserves 1,669 1,869 2,270 3,057 5,069 6,150 6,860 ($000) Depo
Slide 24: Thank You!
Thank You! 23
GBank Financial Holdings — OTC Virtual Investor Conference (March 2023) on 6ix