Quarterly ResultJul 29, 2026, 04:21 PM
GBank Q2 Net Income $5.5M, EPS $0.38; Record Revenue $22.0M
AI Summary
GBank Financial Holdings Inc. reported net income of $5.5 million, or $0.38 per diluted share, for Q2 2026, a significant increase from $1.3 million in Q1 2026. The company achieved record net revenue of $22.0 million, up 11.7% quarter-over-quarter. However, non-performing assets (excluding guaranteed portions) rose to $23.3 million, and net interest margin declined. The company also announced a strategic agreement between its affiliate BVNKROLL and AXES AI, and welcomed Jeff Newgard as the new President/CEO.
Key Highlights
- Net income for Q2 2026 was $5.5 million, up from $1.3 million in Q1 2026.
- Diluted EPS for Q2 2026 was $0.38, compared to $0.09 in Q1 2026.
- Net revenue reached a record $22.0 million, an 11.7% increase from Q1 2026.
- Pre-provision net revenue was $10.0 million, up $6.2 million from Q1 2026.
- Total assets under management were $2.6 billion as of June 30, 2026.
- Non-performing assets (excluding guaranteed portions) increased to $23.3 million.
- BVNKROLL entered an agreement with AXES AI, expanding gaming payments platform availability.
- Jeff Newgard welcomed as GBank President/CEO and Director.
Price Impact
More from GBFH