GBank Financial Holdings Inc 8-K, filed Oct 28, 2026

GBank Financial Holdings Inc. (GBFH)

8-K 2026-10-28 For: 2026-10-28

Added on October 29, 2026

About this 8-K

GBank Financial Holdings Inc filed this 8-K on October 28, 2026.

GBank Financial Holdings Inc. reported third quarter net income of $3.9 million, or $0.27 per diluted share, for the quarter ended September 30, 2026, versus $5.5 million and $0.38 in the second quarter of 2026; lower interchange income reduced earnings. AI summary

Items reported

Item 2.02: Financial results

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Nevada	001-42621	82-3869786
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

9115 West Russell Road Suite 110
Las Vegas, Nevada		89148
(Address of Principal Executive Offices)		(Zip Code)


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.0001 per share	GBFH	The Nasdaq Stock Market LLC


			GBANK FINANCIAL HOLDINGS INC.

Date:	October 28, 2026	By:	/s/ Jeffrey K. Newgard
			Jeffrey K. Newgard, President and Chief Executive Officer


																Linked Quarter						Quarter Year-Over-Year
																9/30/26 vs. 6/30/26						9/30/26 vs. 9/30/25
($’s in 000, except per share data)	Sep 30, 2026			Jun 30, 2026			Mar 31, 2026			Dec 31, 2025			Sep 30, 2025			$ Var			% Var			$ Var			% Var
Assets
Cash and Due From Banks	$	3,504		$	6,726		$	4,960		$	5,326		$	4,988		$	(3,222	)		-47.9	%	$	(1,484	)		-29.8	%
Interest-Bearing Deposits With Other Financial Institutions		109,836			134,603			103,134			192,538			98,402			(24,767	)		-18.4	%		11,434			11.6	%
Total Cash and Cash Equivalents		113,340			141,329			108,094			197,864			103,390			(27,989	)		-19.8	%		9,950			9.6	%

Investment Securities:
Available For Sale, at Fair Value		114,558			115,018			111,320			71,038			85,774			(460	)		-0.4	%		28,784			33.6	%
Held to Maturity, at Amortized Cost		-			-			-			-			38,578			-			0.0	%		(38,578	)		-100.0	%
Loans Held For Sale		69,727			50,848			74,507			46,009			66,791			18,879			37.1	%		2,936			4.4	%
Loans, Net of Deferred Fees and Costs:
Commercial and Industrial		80,766			80,766			81,623			80,216			66,226			-			0.0	%		14,540			22.0	%
Commercial Real Estate - Non-owner Occupied		877,631			849,634			823,966			750,565			743,084			27,997			3.3	%		134,547			18.1	%
Commercial Real Estate - Owner Occupied		88,391			88,216			91,578			94,576			97,396			175			0.2	%		(9,005	)		-9.2	%
Construction and Land Development		3,248			2,255			2,270			2,288			2,115			993			44.0	%		1,133			53.6	%
Multifamily		14,745			18,836			18,930			18,950			18,979			(4,091	)		-21.7	%		(4,234	)		-22.3	%
Residential		1,604			1,284			816			1,316			3,828			320			24.9	%		(2,224	)		-58.1	%
Consumer		5,445			6,361			5,953			11,358			8,963			(916	)		-14.4	%		(3,518	)		-39.3	%
Total Loans, Net of Deferred Fees and Costs		1,071,830			1,047,352			1,025,136			959,269			940,591			24,478			2.3	%		131,239			14.0	%
Less: Allowance for Credit Losses		(13,935	)		(12,418	)		(10,755	)		(9,890	)		(10,577	)		(1,517	)		12.2	%		(3,358	)		31.7	%
Total Net Loans		1,057,895			1,034,934			1,014,381			949,379			930,014			22,961			2.2	%		127,881			13.8	%

Loan Servicing Asset		12,500			12,270			11,376			11,140			10,621			230			1.9	%		1,879			17.7	%
Restricted Investment in Bank Stock		5,797			5,797			5,513			5,513			5,513			-			0.0	%		284			5.2	%
All Other Assets		82,774			71,506			68,621			78,548			60,697			11,268			15.8	%		22,077			36.4	%
Total Assets	$	1,456,591		$	1,431,702		$	1,393,812		$	1,359,491		$	1,301,378		$	24,889			1.7	%	$	155,213			11.9	%
Liabilities
Non-Interest Bearing Demand	$	196,547		$	233,444		$	215,063		$	214,127		$	227,921		$	(36,897	)		-15.8	%	$	(31,374	)		-13.8	%
Interest Bearing Demand		59,114			65,995			79,186			70,966			63,741			(6,881	)		-10.4	%		(4,627	)		-7.3	%
Savings and Money Market		275,629			353,066			281,426			289,038			281,435			(77,437	)		-21.9	%		(5,806	)		-2.1	%
Certificates of Deposit		632,638			553,227			595,290			568,564			519,080			79,411			14.4	%		113,558			21.9	%
Total Deposits		1,163,928			1,205,732			1,170,965			1,142,695			1,092,177			(41,804	)		-3.5	%		71,751			6.6	%


Short-Term Borrowings		60,000			-			-			371			-			60,000		N/M				60,000		N/M
Subordinated Debt		30,354			30,328			30,326			26,163			26,144			26			0.1	%		4,210			16.1	%
Operating Lease Liability		5,191			5,382			5,571			5,757			5,942			(191	)		-3.5	%		(751	)		-12.6	%
Other Liabilities		21,739			17,450			19,328			18,750			18,922			4,289			24.6	%		2,817			14.9	%
Total Liabilities		1,281,212			1,258,892			1,226,190			1,193,736			1,143,185			22,320			1.8	%		138,027			12.1	%

Equity
Common Stock		1			1			1			1			1			-			0.0	%		-			0.0	%
Additional Paid-in Capital		83,769			82,606			81,999			80,405			80,016			1,163			1.4	%		3,753			4.7	%
Retained Earnings		95,996			92,143			86,681			85,366			77,970			3,853			4.2	%		18,026			23.1	%
Accumulated Other Comprehensive (Loss) Income		(4,387	)		(1,940	)		(1,059	)		(17	)		206			(2,447	)		126.1	%		(4,593	)		-2229.6	%
Total Stockholders’ Equity		175,379			172,810			167,622			165,755			158,193			2,569			1.5	%		17,186			10.9	%
Total Liabilities & Stockholders’ Equity	$	1,456,591		$	1,431,702		$	1,393,812		$	1,359,491		$	1,301,378		$	24,889			1.7	%	$	155,213			11.9	%

Book Value Per Common Share	$	12.08		$	11.94		$	11.58		$	11.52		$	11.07		$	0.14			1.1	%	$	1.01			9.1	%


	Three Months Ended															Nine Months Ended
($’s in 000, except per share data)	Sep 30, 2026			Jun 30, 2026			Mar 31, 2026			Dec 31, 2025			Sep 30, 2025			Sep 30, 2026			Sep 30, 2025
Interest Income
Loans	$	21,046		$	20,093		$	18,958		$	20,196		$	18,919		$	60,097		$	53,413
Deposits With Other Financial Institutions		1,073			1,296			1,257			1,018			1,160			3,626			3,718
Investment Securities		1,400			1,326			1,102			1,404			1,421			3,828			4,117
Other Interest Bearing Balances		153			14			277			121			122			444			338
Total Interest Income		23,672			22,729			21,594			22,739			21,622			67,995			61,586

Interest Expense
Deposits		9,192			9,509			8,893			8,998			8,339			27,594			23,473
Short-term Borrowings and Subordinated Debt		866			419			510			286			285			1,795			833
Total Interest Expense		10,058			9,928			9,403			9,284			8,624			29,389			24,306

Net Interest Income		13,614			12,801			12,191			13,455			12,998			38,606			37,280
(Provision) Net Benefit for Credit Losses - Loans		(2,617	)		(2,829	)		(2,323	)		130			(2,207	)		(7,769	)		(3,996	)
Net (Provision) Benefit for Credit Losses - Unfunded Commitments		(29	)		(15	)		30			52			(12	)		(14	)		(36	)
Net Interest Income after Provision for Credit Losses		10,968			9,957			9,898			13,637			10,779			30,823			33,248

Non-Interest Income
Gain on Sales of Loans		4,701			5,544			3,790			3,625			3,592			14,035			8,722
Loan Servicing Income		1,311			1,248			998			963			762			3,557			2,215
Service Charges and Fees		59			86			58			56			60			203			171
Net Interchange Fees		281			1,823			2,191			1,806			2,406			4,295			5,944
Gain on Sale of Investment Securities		-			-			-			426			-			-			-
Other Income		374			448			417			387			357			1,239			971
Total Non-Interest Income		6,726			9,149			7,454			7,263			7,177			23,329			18,023

Non-Interest Expenses
Salaries and Employee Benefits		7,892			6,808			6,750			6,237			6,589			21,450			19,224
Occupancy Expenses		491			399			410			410			418			1,300			1,210
Other Expenses		4,438			4,791			8,716			4,813			5,310			17,945			13,185
Total Non-Interest Expenses		12,821			11,998			15,876			11,460			12,317			40,695			33,619

Income Before Provision For Income Taxes		4,873			7,108			1,476			9,440			5,639			13,457			17,652
Provision For Income Taxes		(1,008	)		(1,625	)		(139	)		(2,026	)		(1,282	)		(2,772	)		(3,992	)
Net Income Before Equity Investment Loss		3,865			5,483			1,337			7,414			4,357			10,685			13,660
Net Loss Attributable to Equity Investment		(12	)		(21	)		(22	)		(18	)		(49	)		(55	)		(127	)
Net Income	$	3,853		$	5,462		$	1,315		$	7,396		$	4,308		$	10,630		$	13,533

Earnings Per Share	$	0.27		$	0.38		$	0.09		$	0.52		$	0.30		$	0.73		$	0.95
Earnings Per Share (Diluted)	$	0.27		$	0.38		$	0.09		$	0.51		$	0.30		$	0.73		$	0.93
Average Common Shares Outstanding		14,506			14,470			14,415			14,360			14,280			14,464			14,270
Diluted Average Common Shares Outstanding		14,532			14,544			14,506			14,555			14,525			14,513			14,510

GBank Financial Holdings Inc 8-K, filed Oct 28, 2026

About this 8-K

Items reported

FORM 8-K

Item 2.02 Results of Operations and Financial Condition.

Item 9.01 Financial Statements and Exhibits.


	For the Three Months Ended
	September 30, 2026							June 30, 2026							September 30, 2025
(Dollars in thousands)	Average				Yield/			Average				Yield/			Average				Yield/
	Balance		Interest		Rate(1)			Balance		Interest		Rate(1)			Balance		Interest		Rate(1)
ASSETS:
Interest Bearing Deposits	$	107,642	$	1,073		3.95	%	$	134,527	$	1,296		3.86	%	$	97,822	$	1,160		4.70	%
Investment Securities:
Taxable		117,425		1,400		4.73	%		114,526		1,326		4.64	%		122,158		1,421		4.62	%
Loans and Loans Held For Sale		1,136,863		21,046		7.34	%		1,102,289		20,093		7.31	%		960,679		18,919		7.81	%
Restricted Investment in Bank Stock		5,797		153		10.47	%		5,750		14		0.98	%		5,513		122		8.78	%
Total Earning Assets		1,367,727		23,672		6.87	%		1,357,092		22,729		6.72	%		1,186,172		21,622		7.23	%

Cash and Due From Banks		5,772							6,804							7,050
Other Assets		70,213							67,682							54,801
Total Assets	$	1,443,712						$	1,431,578						$	1,248,023

LIABILITIES & STOCKHOLDERS’ EQUITY
Deposits:
Interest-bearing Demand	$	61,578		425		2.74	%	$	69,922		498		2.86	%	$	60,404		320		2.10	%
Money Market and Savings		329,477		2,943		3.54	%		339,718		3,113		3.68	%		307,322		2,938		3.79	%
Certificates of Deposit		568,012		5,824		4.07	%		579,583		5,898		4.08	%		456,611		5,081		4.41	%
Total Interest-Bearing Deposits		959,067		9,192		3.80	%		989,223		9,509		3.86	%		824,337		8,339		4.01	%

Short-Term Borrowings		43,978		444		4.01	%		-		-		0.00	%		-		-		0.00	%
Subordinated Debt		30,337		422		5.52	%		30,319		419		5.54	%		26,132		285		4.33	%
Total Interest-Bearing Liabilities		1,033,382		10,058		3.86	%		1,019,542		9,928		3.91	%		850,469		8,624		4.02	%

Noninterest-bearing Deposits		206,464							212,756							217,547
Other Liabilities		25,990							25,914							23,115
Stockholders’ Equity		177,876							173,366							156,892
Total Liabilities & Stockholders’ Equity	$	1,443,712						$	1,431,578						$	1,248,023

Net Interest Income			$	13,614						$	12,801						$	12,998

Total Yield on Earning Assets						6.87	%						6.72	%						7.23	%
Cost on Interest-Bearing Liabilities						3.86	%						3.91	%						4.02	%
Average Interest Spread						3.01	%						2.81	%						3.21	%
Net Interest Margin						3.95	%						3.78	%						4.35	%

(1) Ratios are annualized on an actual/actual basis


	For the Nine Months Ended
	September 30, 2026							September 30, 2025
(Dollars in thousands)	Average				Yield/			Average				Yield/
	Balance		Interest		Rate(1)			Balance		Interest		Rate(1)
ASSETS:
Interest Bearing Deposits	$	124,989	$	3,626		3.88	%	$	105,457	$	3,718		4.71	%
Investment Securities:
Taxable		111,283		3,828		4.60	%		115,815		4,117		4.75	%
Loans and Loans Held For Sale		1,094,009		60,097		7.34	%		913,143		53,413		7.82	%
Restricted Investment in Bank Stock		5,688		444		10.44	%		5,179		338		8.73	%
Total Earning Assets		1,335,969		67,995		6.80	%		1,139,594		61,586		7.23	%

Cash and Due From Banks		5,892							6,686
Other Assets		68,963							45,348
Total Assets	$	1,410,824						$	1,191,628

LIABILITIES & STOCKHOLDERS’ EQUITY
Deposits:
Interest-bearing Demand	$	68,182		1,444		2.83	%	$	62,120		991		2.13	%
Money Market and Savings		315,221		8,600		3.65	%		291,899		8,279		3.79	%
Certificates of Deposit		572,351		17,550		4.10	%		419,011		14,203		4.53	%
Total Interest-Bearing Deposits		955,754		27,594		3.86	%		773,030		23,473		4.06	%

Short-Term Borrowings		14,825		444		4.00	%		-		-		0.00	%
Subordinated Debt		29,893		1,351		6.04	%		26,113		833		4.26	%
Total Interest-Bearing Liabilities		1,000,472		29,389		3.93	%		799,143		24,306		4.07	%

Noninterest-bearing Deposits		210,611							219,869
Other Liabilities		25,671							21,897
Stockholders’ Equity		174,070							150,719
Total Liabilities & Stockholders’ Equity	$	1,410,824						$	1,191,628

Net Interest Income			$	38,606						$	37,280

Total Yield on Earning Assets						6.80	%						7.23	%
Cost on Interest-Bearing Liabilities						3.93	%						4.07	%
Average Interest Spread						2.87	%						3.16	%
Net Interest Margin						3.86	%						4.37	%

(1) Ratios are annualized on an actual/actual basis


	Three Months Ended															For the Nine Months Ended
($'s in 000, except per share data)	Sep 30, 2026			Jun 30, 2026			Mar 31, 2026			Dec 31, 2025			Sep 30, 2025			Sep 30, 2026			Sep 30, 2025

Pre-Provision Net Revenue(1)
Net Interest Income	$	13,614		$	12,801		$	12,191		$	13,455		$	12,998		$	38,606		$	37,280
Non-Interest Income		6,726			9,149			7,454			7,263			7,177			23,329			18,023
Net Revenue	$	20,340		$	21,950		$	19,645		$	20,718		$	20,175		$	61,935		$	55,303
Non-Interest Expense		12,821			11,998			15,876			11,460			12,317			40,695			33,619
Pre-Provision Net Revenue	$	7,519		$	9,952		$	3,769		$	9,258		$	7,858		$	21,240		$	21,684
Less:
(Provision) Net Benefit for Credit Losses		(2,646	)		(2,844	)		(2,293	)		182			(2,219	)		(7,783	)		(4,032	)
Provision For Income Taxes		(1,008	)		(1,625	)		(139	)		(2,026	)		(1,282	)		(2,772	)		(3,992	)
Net Loss Attributable to Equity Investment		(12	)		(21	)		(22	)		(18	)		(49	)		(55	)		(127	)
Net Income	$	3,853		$	5,462		$	1,315		$	7,396		$	4,308		$	10,630		$	13,533

Adjusted Diluted Earnings Per Share(2)
Net Income	$	3,853		$	5,462		$	1,315		$	7,396		$	4,308		$	10,630		$	13,533
Non-core Items:
Form S-1 and Uplift Costs		-			-			-			-			30			-			1,079
Severance Related Expenses		520			-			-			257			900			520			900
Credit Card Fraud Losses		(23	)		52			4,213			-			-			4,242
Costs Incurred Related to Discontinued Credit Card Marketing Campaign		-			-			-			416			1,692			-			1,692
Net Gain on Sales of Investment Securities		-			-			-			(426	)		-			-			-
Third-party Fraud Loss		100															100
Tax Effect of Non-core Items (a)		(124	)		(12	)		(963	)		(55	)		(597	)		(1,099	)		(835	)
Net Income Excluding Non-core Items	$	4,326		$	5,502		$	4,565		$	7,588		$	6,333		$	14,393		$	16,369

Weighted average diluted shares outstanding		14,532			14,544			14,506			14,555			14,525			14,513			14,510

Diluted Earnings Per Share	$	0.27		$	0.38		$	0.09		$	0.51		$	0.30		$	0.73		$	0.93
Adjusted Diluted Earnings Per Share	$	0.30		$	0.38		$	0.31		$	0.52		$	0.44		$	0.99		$	1.13

Gain on Loan Sales Margin(1)
Gain on Sale of Loans	$	4,701		$	5,544		$	3,790		$	3,625		$	3,592		$	14,035		$	8,722
Loans Sold		84,454			110,075			79,036			92,258			110,820			273,565			261,680
Gain on Loan Sales Margin		5.57	%		5.04	%		4.79	%		3.93	%		3.24	%		5.13	%		3.33	%

Guaranteed Loans as a Percent of Loans(3)
SBA and USDA Guaranteed Loans	$	164,497		$	174,971		$	177,617		$	183,739		$	193,688		$	164,497		$	193,688
Loans, Net of Deferred Fees and Costs		1,071,830			1,047,352			1,025,136			959,269			940,591			1,071,830			940,591
Guaranteed Loans as a % of Loans		15.3	%		16.7	%		17.3	%		19.2	%		20.6	%		15.3	%		20.6	%

Non-performing assets, excluding guaranteed, to total assets(3)
Non-performing assets	$	54,235		$	58,179		$	44,137		$	37,396		$	37,476		$	54,235		$	37,476
Less: SBA and USDA guaranteed portions of non-performing assets		25,469			36,876			34,340			28,240			27,112			25,469			27,112
Non-performing assets, excluding guaranteed portions		28,766			21,303			9,797			9,156			10,364			28,766			10,364
Total assets		1,456,591			1,431,702			1,393,812			1,359,491			1,301,378			1,456,591			1,301,378
Non-performing assets, excluding guaranteed, to total assets		1.97	%		1.49	%		0.70	%		0.67	%		0.80	%		1.97	%		0.80	%

Allowance for credit losses (ACL) to nonaccrual loans, excluding guaranteed(3)
Nonaccrual loans	$	42,891		$	51,648		$	39,736		$	32,141		$	34,608		$	42,891		$	34,608
Less: SBA and USDA guaranteed portions of nonaccrual loans		25,469			32,481			30,949			24,849			27,111			25,469			27,111
Nonaccrual loans, excluding guaranteed portions		17,422			19,167			8,787			7,292			7,497			17,422			7,497
ACL to nonaccrual loans, excluding guaranteed		80	%		65	%		122	%		136	%		141	%		80	%		141	%

ACL to loans, excluding guaranteed(3)
Loans, net of deferred fees and costs	$	1,071,830		$	1,047,352		$	1,025,136		$	959,269		$	940,591		$	1,071,830		$	940,591
Less: SBA and USDA guaranteed portions of loans		164,497			174,971			177,617			183,739			193,688			164,497			193,688
Loans, excluding guaranteed		907,333			872,381			847,519			775,530			746,903			907,333			746,903
ACL to loans, excluding guaranteed		1.54	%		1.42	%		1.27	%		1.28	%		1.42	%		1.54	%		1.42	%

Non-GAAP Financial Measures Footnotes
(1) We utilize this non-GAAP measurement to present trends in income generation of the Company.
(2) We utilize this non-GAAP measurement to present the core earnings and core ratios of the Company by excluding certain significant non-core expenses.
(3) We utilize these non-GAAP measurements to provide useful metrics regarding the at-risk assets of the Company.

(a) Estimated tax impact calculated using each respective period's effective tax rate.