Quarterly ResultApr 29, 2026, 04:40 PM
GBFH Q1 Net Income $1.3M, Adj. EPS $0.31; Loan Growth Exceeds $1B
AI Summary
GBank Financial Holdings Inc. reported Q1 2026 net income of $1.3 million, or $0.09 per diluted share, significantly impacted by $3.2 million after-tax losses 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 strong loan originations of $208.1 million. However, net revenue decreased by 5.2% quarter-over-quarter, and net interest margin compressed to 3.86% due to Federal Reserve rate cuts and competitive deposit pricing. GBank also announced a partnership with BoltBetz to provide gamer deposit accounts.
Key Highlights
- Reported net income of $1.3 million, or $0.09 per diluted share.
- Adjusted net income of $4.7 million, or $0.31 adjusted diluted EPS.
- Q1 results included $3.2 million after-tax impact from credit card fraud losses.
- Total on-balance sheet loans exceeded $1.0 billion, a historic milestone.
- Loan originations reached $208.1 million, up from $126.4 million in Q4 2025.
- Net revenue was $19.6 million, a 5.2% decrease compared to Q4 2025.
- Net interest margin was 3.86%, down from 4.21% in Q4 2025.
- Partnered with BoltBetz as sole provider of gamer deposit accounts.
Price Impact
More from GBFH