From GlobeNewswire: 2025-04-29 18:01:00

GBank Financial Holdings Inc. reported net income of $4.5 million, or $0.31 per diluted share, for the first quarter ended March 31, 2025. Net revenue was $17.4 million, up 31.4% from the same period in 2024. The company’s noninterest income increased by 51% year-over-year, with noninterest revenue exceeding $5 million. Non-interest expenses include legal and audit fees totaling approximately $1.1 million for SEC filings.

The U.S. Securities and Exchange Commission approved GBank Financial Holdings Inc.’s Registration Statement on Form S-1 for the registration and resale of 1,081,081 shares of common stock. The company is not offering new shares, and there will be no change to the issued and outstanding number of shares. Copies of the prospectus can be obtained from the company.

For the first quarter of 2025, net interest income totaled $11.9 million, increasing by 0.9% compared to the previous quarter and 10.1% compared to the first quarter of 2024. The company’s net interest margin decreased to 4.47%, reflecting the impact of interest rate changes and loan portfolio performance. The provision for credit losses on loans decreased to $710 thousand.

Total loans, net of deferred fees and costs, were $843.4 million as of March 31, 2025, compared to $816.0 million as of December 31, 2024, and $733.6 million as of March 31, 2024. The company’s total deposits grew to $995.9 million, an increase of $60.9 million from the previous quarter and $189.0 million from the first quarter of 2024. Stockholders’ equity was $146.6 million as of March 31, 2025.

The company’s non-performing assets, excluding guaranteed portions, totaled $5.7 million, representing 0.48% of total assets. Loans past due between 30 and 89 days and accruing interest increased to $14.9 million. The company’s non-GAAP financial measures show key performance metrics,



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