Earnings Releases·Oct 28, 2026, 9:17 AM ET

Georgia Banking Company — Third Quarter 2026 Earnings Summary

Reported Q3 2026 net income of $6.3 million ($0.57 diluted EPS), a sequential increase from $5.6 million ($0.60 diluted EPS) in Q2 2026, driven by a 20.4% rise in pre-tax, pre-provision earnings to $10.5 million.
Net interest income grew 8.0% sequentially to $31.4 million, though net interest margin contracted to 4.17% from 4.31% due to higher interest expense on subordinated debt refinancing; average loans and interest-bearing deposits rose 6.7% and 15.7% respectively.
Provision for credit losses increased to $2.0 million from $1.1 million in Q2 2026, resulting in a net charge-off ratio of 0.16% and an allowance for credit losses (ACL) of $30.1 million.
Completed full integration of the Tandem Bancorp merger on September 21, 2026, and initiated Nasdaq Capital Market trading, incurring $2.0 million in direct listing and $493 thousand in M&A expenses during the quarter.
Preliminary CET1 ratio improved to 10.59% at quarter-end, while management maintained a disciplined approach to credit and capital with no specific numerical forward guidance provided.