GBank Financial Holdings Inc. reported a net income of $4.3 million for Q3 2025, with $0.30 per diluted share. Nine-month net income was $13.5 million, or $0.93 per diluted share. Unusual expenses of $2.0 million were incurred in Q3, including executive severance costs and discontinuation of a credit card marketing campaign. Net revenue for Q3 was $20.2 million, showing a 13.5% increase from Q2 2025. Loan sales gains were $3.6 million, with a margin of 3.24%. Credit card transaction volume was $131.3 million, and SBA lending hit a record $242.1 million. Non-performing assets were at $10.4 million. Adjusted diluted earnings per share were $0.44 for Q3 2025 and $1.13 for nine months ended September 30, 2025. Unusual expenses included form S-1 and uplist costs, CEO resignation costs, and costs related to the discontinued credit card marketing campaign. Net interest income was $13.0 million for Q3 2025, a 4.9% increase from Q2 2025. The net interest margin was 4.35%. The yield on investment securities was 4.62%, with a decrease due to lower long-term interest rates. Edward M. Nigro, Chairman and CEO, highlighted growth in core revenues and key management changes, with plans to launch new digital credit card application processes and expand casino slot markets with the BoltBetz slot programs. The Company’s third-quarter net interest margin decreased due to the Federal Reserve’s 100 basis point rate cut in 2024. They recorded a $2.2 million provision for credit losses, a $1.1 million increase from the previous quarter. Non-interest income rose to $7.2 million, with net revenue totaling $20.2 million.

Non-interest expenses were $12.3 million in Q3 2025, driving the efficiency ratio to 61.1%. Income tax expense was $1.3 million, with an effective tax rate of 22.7%. Net income decreased to $4.3 million, impacting diluted earnings per share. The Company had 187 full-time equivalent employees as of September 30, 2025.

Total assets increased to $1.3 billion, with total loans reaching $940.6 million. The allowance for credit losses stood at $10.6 million, representing 1.12% of total loans. Loan balances increased by $69.0 million in Q3 2025, primarily in commercial real estate and consumer loans. Total guaranteed loans were 20.6% of total loans. The Company’s allowance for credit losses increased to 1.42% of total loans as of September 30, 2025, compared to previous quarters. Deposits rose to $1.1 billion, driven by increases in certificates of deposit and interest-bearing demand deposits. Stockholders’ equity grew to $158.2 million due to net income and a private placement of shares in 2024. The Company’s financial health remains strong.

The Company’s ratio of loans to deposits increased to 86.1% as of September 30, 2025. Short-term borrowings were none, with $503.8 million available for borrowing. Subordinated notes outstanding remained at $26.1 million. The Company’s financial metrics show stability and resilience in the current economic climate.

Asset quality remained a focus, with provisions for credit losses increasing to $2.2 million in the third quarter of 2025. Nonaccrual loans rose, as did non-performing assets, but the Company’s risk ratio remained reasonable at 0.80%. Collection efforts for non-performing assets are in place to manage financial risks effectively. The Company’s proactive approach to asset quality is essential for maintaining financial stability. GBank Financial Holdings Inc. adjusts non-performing asset balance to reflect guaranteed portion, totaling $2.3 billion under management. Loans past due between 30-89 days decreased to $3.6 million. Non-performing assets to total assets ratio was 2.88% as of September 30, 2025. Company anticipates additional credit loss provisions due to economic uncertainty.

SBA lending and commercial banking loan originations reached $242.1 million in Q3 2025, with record $92 million in September. Loan sale volume increased to $110.8 million. Gaming FinTech focused on credit card marketing to gaming consumers. Despite fraud-related halt, credit card transaction volumes grew almost 60% sequentially to over $131 million.

Progress continues on the Prepaid Access/Slot program with Distill Taverns and Terribles Gaming. BoltBetz is in the final testing process for launch anticipated in November 2025. Pooled Player pipeline is developing new payments agreements. GBank now has sixteen active payment and Pooled Consumer Program clients with deposit growth expected from BoltBetz Casino clients in Q2 2026.

Earnings call scheduled for October 29, 2025, at 10:00 a.m. PST. Interested parties can participate via Zoom webinar. GBank Financial Holdings Inc. operates two full-service commercial branches in Las Vegas, Nevada, providing banking services in Nevada, California, Utah, and Arizona. Non-GAAP financial measures included in the press release. The Company emphasizes the importance of non-GAAP financial measures to provide a comprehensive view of its financial position and performance. These measures are supplementary and should not replace analysis based on GAAP financial measures. The Company defines non-GAAP measures as those that exclude or include amounts affecting the most directly comparable GAAP measure.

Financial measures may vary among companies, making comparisons challenging. The Company offers a reconciliation of non-GAAP to GAAP measures for clarity. Investors are encouraged to monitor the Company’s website for material non-public information and disclosures, as well as to follow press releases, SEC filings, and other public communications.

This press release includes forward-looking statements regarding the Company’s financial outlook and performance. The Company cautions that these statements are subject to numerous risks and uncertainties beyond its control, such as economic conditions, regulatory responses, competition, interest rate changes, cybersecurity threats, geopolitical instability, and legal actions. Additional information on risks is available in the Company’s SEC filings. GBank Financial Holdings Inc. reported financial results, showing a decrease in cash and due from banks compared to the previous quarter. Interest-bearing deposits with other financial institutions also decreased year-over-year. The company warns of uncertainties and risks in forward-looking statements, advising caution when relying on them. No obligation to update statements unless required by law. Contact Executive Chairman and CEO, Edward Nigro, for more information.

Read more at GlobeNewswire.: GBank Financial Holdings Inc. Announces Third Quarter 2025