Earnings Releases·Oct 28, 2026, 4:15 PM ET

GBank Financial Holdings Inc. — Third Quarter 2026 Earnings Summary

Q3 2026 net income declined to $3.9 million ($0.27 diluted EPS) from $5.5 million ($0.38 diluted EPS) in Q2 2026 and $4.3 million ($0.30 diluted EPS) in Q3 2025, driven by a 7.3% drop in net revenue to $20.3 million due to an 84.6% decline in net interchange fees and higher non-interest expenses.
Net interest income rose 6.4% sequentially to $13.6 million, and net interest margin expanded 17 basis points to 3.95%, while total loans grew $24.5 million to $1.1 billion and deposits increased $71.8 million year-over-year.
Management targets 2027 as a "fresh start," expecting the impact of the legacy retail credit card portfolio on provisions to diminish, with gaming fintech initiatives and the BVNKROLL-AXES integration expected to contribute to results by year-end 2026.
Non-performing assets increased to $54.2 million from $37.5 million in the prior year period, primarily due to a $5.3 million rise in other real estate owned, while the company issued $11.0 million in new subordinated debt and redeemed $6.5 million of older debt.