GBank Financial Holdings (GBFH) investor relations material

Executive summary

• Q3 net income was $4.3 million ($0.30 per diluted share), including $2 million in unusual expenses related to executive severance, marketing fraud, cyberattack costs, and credit card campaign discontinuation.

• Adjusted diluted EPS was $0.44 for Q3 2025, excluding unusual expenses.

• Net revenue grew 13.5% quarter-over-quarter to $20.2 million, and 24.8% year-over-year, driven by digital banking and payments innovation.

• Major operational focus on digital transformation, payments innovation, and fraud prevention, with management changes including a new CEO, credit card manager, and key technology hires.

• SBA lending and commercial banking originations hit a record $242.1 million, up 57% sequentially.

Financial highlights

• Net interest income rose 4.9% to $13 million; non-interest income was $7.2 million, up $1.8 million sequentially.

• Net interchange income up 56.7% as credit card transaction volume rebounded to $131.3 million, a 57% increase.

• Gain on sale revenue increased 38.5% over the linked quarter; record loan production of $242.1 million.

• Non-interest expense rose to $12.3 million, reflecting unusual items; efficiency ratio was 61.1% for Q3 2025.

• Total assets surpassed $1.3 billion, up $69 million or 5.6% in the quarter.

Outlook and guidance

• Expectation for non-interest expenses to normalize after this quarter's unusual items.

• Anticipated significant deposit and transaction growth from Bull Bets/BoltBetz and gaming partnerships in 2026.

• Credit card growth may be delayed a quarter due to application process upgrades; new digital credit card application platform with enhanced fraud prevention launched.

• Pipeline of SBA loans ready to process once the government reopens.

• BoltBetz slot program launch expected in November 2025, with deposit growth from casino clients expected in Q2 2026.