GBank Financial Holdings Inc. Announces Third Quarter 2026 Financial Results
GBank Financial Holdings reported Q3 2026 net income of $3.9 million, or $0.27 per diluted share, down from $0.38 in Q2 2026 and $0.30 in Q3 2025; adjusted EPS was $0.30 versus $0.44 a year ago. The decline was driven by an 84.6% drop in net interchange fees to $0.3 million after several large sports betting operators discontinued credit cards as a funding source, plus a $2.6 million provision and legacy retail credit card reserves. Core banking metrics improved: net interest income rose to $13.6 million, net interest margin expanded 17 bps to 3.95%, and SBA originations hit $171.7 million, though non-performing assets rose to $54.2 million (3.72% of assets).
Key figures
- Eps
- 0.27
- Revenue
- $20.3 million net revenue
- Revenue Yoy
- 0.8% increase in net revenue
- Net income
- 3900000
- Total loans
- $1.1 billion
- Adjusted eps
- 0.3
- Total assets
- 1456591000
- Npa to assets
- 3.72%
- Total deposits
- $1.2 billion
- Efficiency ratio
- 63.0%
- Gaming cc volume
- $19.5 million
- Sba originations
- $171.7 million
- Gain on loan sales
- 4700000
- Adjusted net income
- 4300000
- Net interest income
- 13600000
- Net interest margin
- 3.95%
- Book value per share
- 12.08
- Net interchange fees
- $0.3 million (down 84.6%)
- Nonperforming assets
- 54200000
- Allowance for credit losses
- 13900000
- Provision for credit losses
- 2600000
AI analysis
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