Earnings Releases·Nov 6, 2026, 8:00 AM ET

Georgia Banking Company — Third Quarter 2026 Earnings Summary

Net interest income rose 8.0% sequentially to $31.4 million, while noninterest income fell 13.8% to $2.8 million due to lower retail mortgage originations; diluted EPS was $0.57 with operating diluted EPS at $0.74.
The company completed the acquisition of Tandem Bancorp in June 2026, adding $321 million in assets, and executed a ~$78 million common equity private placement at $30.00 per share earlier this year.
Balance sheet growth accelerated with average held-for-investment loans up 23.7% and average deposits up 27.7% year-over-year, while the CET1 ratio improved to 10.59%.
Management targets sustainable ROAA and ROTCE as the franchise scales, leveraging a repeatable M&A playbook and anticipating retail mortgage volume growth as rates normalize.
Key risks include significant commercial real estate concentration (30.2% of the loan portfolio) and exposure to interest rate changes, deposit flows, and integration of recent acquisitions.