GBank Financial Holdings (GBFH) Company Report

GBank Financial Holdings Inc. reported $1.4 billion in total assets as of December 31, 2025, with significant year-over-year growth in Q4 2025, including a 22.2% increase in total deposits and a 27.1% increase in core net income compared to Q4 2024.
The company is a leading SBA 7(a) lender, ranking #11 nationally for FYE 2025 with over $550 million in originations, and is the #1 originator of hotel SBA loans.
GBank's Gaming FinTech initiative saw annual transaction volume increase from $73.8 million to $420.5 million from 2024 to 2025, and with enhanced infrastructure now live, the business is positioned to scale charge volume and earnings in 2026.
Insiders and directors collectively own 33.04% of the company's shares as of December 31, 2025, reinforcing alignment with stakeholders.

2 days ago

8-K

GBFH Discusses Q4 2025 Performance and Strategic Initiatives

GBFH

Guidance Update

Product Launch

Revenue Acceleration/Inflection

GBFH's credit card program saw Q4 2025 transactions settle around $99 million after temporary halts due to application and ACH fraud issues; however, new fraud prevention and in-house ACH processing are now implemented, and management expects to at least double the 2025 transaction volume of $400 million in 2026.
The company's new gaming fintech product, Bold Bets, received its license on November 21, 2025, with GBank holding all funds for transactions, and is anticipated to significantly grow non-interest-bearing deposits and improve the net interest margin.
SBA lending experienced an increase in GAAP gain on sale to 3.98% in Q4 2025, with expectations to trend above 4% in 2026 due to revised incentive programs, although Q4 2025 originations dropped to $118 million from over $200 million in Q3 2025 due to government shutdown impacts.
For 2025, the net interest margin was 4.33%, which is above the industry average of approximately 3.7%, and the bank has maintained a compound average growth rate of 28.3% over the last eight years.

Jan 28, 2026, 10:00 PM

Transcript

GBank Financial Holdings Reports Record Q4 2025 Earnings and Launches BoltBetz PPA

GBFH

Earnings

Product Launch

Guidance Update

GBank Financial Holdings reported record quarterly earnings of $7.4 million or $0.52 per diluted share for Q4 2025, marking a $3.1 million increase from the prior quarter.
The company launched its BoltBetz PPA product on November 21, 2025, with Distill Taverns approved to use it and Terrible's expected to launch in Q2 2026; this product is anticipated to significantly grow non-interest-bearing deposits and improve net interest margin.
The SBA segment achieved a record year for production in 2025, with the GAAP gain on sale increasing from 3.24% to 3.98% in Q4 2025, partly due to a catch-up in sales following a government shutdown.
Despite flat transaction volume in the last two quarters due to fraud correction efforts, the credit card program is positively contributing to the bottom line, and GBank plans to relaunch marketing to quickly regain volume.
Strategically, GBank sold approximately $52 million in investment securities in Q4 2025 to mitigate interest rate risk and announced the redemption of $6.5 million subordinated notes.

Jan 28, 2026, 10:00 PM

Transcript

GBank Financial Holdings Reports Record Q4 2025 Earnings and Advances Fintech and SBA Initiatives

GBFH

Earnings

Product Launch

Guidance Update

GBank Financial Holdings reported record quarterly earnings of $7.4 million or $0.52 per diluted share for Q4 2025, with a net interest margin of 4.33% for 2025.
The company's credit card program grew from $73 million to $400 million in 2025, though Q4 2025 transaction volume settled at $99 million (down from $130 million in Q3) due to a temporary halt in applications for fraud prevention redesign. Management anticipates doubling originations to $800 million in the coming year.
GBank's Bold Bets gaming fintech product was licensed on November 21st, 2025, with Distill Taverns approved to use it and GBank holding all player funds. Terrible's is expected to launch in Q2 2026, tapping into a market of 150,000 slot machines in Nevada and 800,000 nationwide.
SBA loan originations decreased to $118 million in Q4 2025 from over $200 million in Q3 due to a government shutdown, but new incentive programs are expected to drive gain on sale above 4% in 2026, with $32 million in loans sold in January at improved spreads.

Jan 28, 2026, 10:00 PM

Transcript

GBank Financial Holdings Inc. Announces Q4 and Full Year 2025 Financial Results

GBFH

Earnings

Debt Issuance

GBank Financial Holdings Inc. reported record net income of $7.4 million, or $0.51 per diluted share, for the fourth quarter of 2025, and $20.9 million, or $1.44 per diluted share, for the full year 2025.
Adjusted net income for Q4 2025 was $7.6 million, or $0.52 per diluted share, and for the full year 2025 was $24.1 million, or $1.66 per diluted share.
The company achieved record net revenue of $20.7 million in Q4 2025, representing a 2.7% increase compared to the third quarter of 2025.
As of December 31, 2025, total assets increased 4.5% to $1.4 billion from September 30, 2025, and total deposits reached $1.1 billion.
Subsequent to year-end, on January 14, 2026, the company completed a private placement of $11.0 million in 7.25% Fixed-to-Floating Rate Subordinated Notes due 2036, and on January 15, 2026, redeemed $6.5 million of existing subordinated notes.

Jan 28, 2026, 9:12 PM

8-K

GBank Financial Holdings Inc. Completes Subordinated Debt Offering

GBFH

Debt Issuance

New Projects/Investments

GBank Financial Holdings Inc. completed a $11.0 million private placement of 7.25% Fixed-to-Floating Rate Subordinated Notes due 2036 on January 14, 2026.
The notes will bear a fixed interest rate of 7.25% until January 15, 2031, after which the rate will reset quarterly to the Three-Month Term Secured Overnight Financing Rate (SOFR) plus 382 basis points.
The company intends to use the net proceeds for general corporate purposes, including refinancing $6.5 million of existing subordinated debt issued in 2020, and to increase available capital.
These notes are structured to qualify as Tier 2 capital for regulatory purposes and are redeemable by the company at its option on or after January 15, 2031.

Jan 15, 2026, 9:58 PM

8-K

GBank Financial Holdings Inc. Announces Regulatory Approvals for Strategic Partner BoltBetz

GBFH

Product Launch

New Projects/Investments

GBank Financial Holdings Inc. announced on December 10, 2025, that its strategic partner BoltBetz received two significant approvals from the Nevada Gaming Control Board (GCB).
The first approval designates BoltBetz as a software solution allowing players to create and fund wagering accounts in Konami’s SYNKROS cashless wagering system via the BoltBetz mobile app.
The second approval permits Distill and Remedy’s Taverns to use the BoltBetz product, facilitating the launch of a fully integrated cashless gaming platform at nine locations in Las Vegas.
GBank will hold all funds, eliminating the need for a digital fund reserve for Distill, with plans to offer these solutions to licensed gaming slot operators across the United States.

Dec 10, 2025, 12:05 PM

8-K

GBFH Reports Q3 2025 Earnings, Net Revenue Growth, and Addresses Fraud Issues

GBFH

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

GBFH reported Q3 2025 earnings of $4.3 million or $0.30 per diluted share, a decrease from the prior quarter, primarily impacted by $2 million in unusual operating expenses, including $900,000 for CEO contract resolution and $707,000 for fraudulent direct mail campaigns.
Despite the earnings decrease, the company achieved net revenue growth of 13.5% quarter-over-quarter, reaching $20.2 million, and interest income increased 4.9% to $13 million.
To combat fraud, GBFH implemented new detection systems (e.g., Experian Bust Out Score, Plaid identification verification) and processes after experiencing significant application fraud, which led to the temporary shutdown of its credit card application process. The application process has since reopened, and credit card balances grew from $82 million to $131 million in Q3 2025.
Strategic initiatives include the Bull Bets gaming application, which is in product testing and anticipated to start monetizing in the second half of 2026, with potential for $30-$40 million in deposits and $200 million in monthly transactions for 2,500 machines.
Capital levels remain strong with a Tier One capital ratio of 13.37%, and liquidity is healthy with $253 million in on-balance sheet liquidity and $504 million in borrowing capacity.

Oct 29, 2025, 5:00 PM

Transcript

GBank Financial Holdings Inc. Announces Third Quarter 2025 Financial Results

GBFH

Earnings

Management Change

Revenue Acceleration/Inflection

GBank Financial Holdings Inc. reported net income of $4.3 million, or $0.30 per diluted share, for the third quarter ended September 30, 2025. These results include $2.0 million after-tax (or $0.14 per diluted share) in unusual expenses, primarily from executive severance and costs related to discontinuing a credit card marketing campaign.
Excluding these unusual expenses, adjusted diluted earnings per share was $0.44 for the third quarter of 2025.
The company achieved net revenue of $20.2 million for Q3 2025, representing a 13.5% increase compared to the second quarter of 2025.
Total assets increased 5.6% to $1.3 billion as of September 30, 2025, with total loans, net of deferred fees and costs, reaching $940.6 million.
Operational highlights include record-breaking SBA lending and commercial banking loan originations of $242.1 million and a nearly 60% sequential increase in credit card transaction volume to over $131 million during the third quarter of 2025.

Oct 28, 2025, 11:41 PM

8-K

GBank Financial Holdings Announces CEO T. Ryan Sullivan's Departure and Consulting Agreement

GBFH

CEO Change

Board Change

Executive Compensation

T. Ryan Sullivan resigned from his positions as President, Chief Executive Officer, and a member of the Board of Directors of GBank Financial Holdings Inc. and its subsidiary, GBANK, effective September 30, 2025.
In connection with his separation, Mr. Sullivan will receive a lump sum payment of $525,000, along with accrued and unused paid time off, and continued vesting of restricted stock awards during his consulting term.
The company has engaged Mr. Sullivan as an executive consultant from October 1, 2025, through June 30, 2026, for which he will receive a monthly retainer of $40,000.