Quarterly ResultApr 29, 2026, 04:16 PM
GBFH Q1 Net Income $1.3M; Adj. EPS $0.31; $3.2M Fraud Loss
AI Summary
GBank Financial Holdings Inc. reported Q1 2026 net income of $1.3 million, or $0.09 per diluted share, significantly impacted by a $3.2 million after-tax loss from credit card fraud. Excluding this unusual item, adjusted net income was $4.7 million, or $0.31 adjusted diluted EPS. The company achieved a historic milestone with total on-balance sheet loans exceeding $1.0 billion, driven by $208.1 million in loan originations. Net revenue decreased 5.2% quarter-over-quarter to $19.6 million, while non-interest expense rose due to the fraud. GBank also partnered with BoltBetz for gamer deposit accounts.
Key Highlights
- Q1 2026 Net Income: $1.3 million ($0.09 diluted EPS).
- Adjusted Q1 2026 Net Income: $4.7 million ($0.31 adjusted diluted EPS).
- Credit card fraud loss: $3.2 million after-tax ($0.22 diluted EPS).
- Total on-balance sheet loans exceeded $1.0 billion.
- Loan originations: $208.1 million in Q1 2026.
- Net revenue: $19.6 million, down 5.2% QoQ.
- Net interest margin: 3.86% for Q1 2026.
- Partnership with BoltBetz for gamer deposit accounts.