GBFH 8-K/A

GBank Financial Holdings Inc. (GBFH)

8-K/A 2026-08-21 For: 2026-07-29

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Added on August 21, 2026


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:	August 20, 2026	By:	/s/ Edward M. Nigro
			Edward M. Nigro Executive Chairman and Chief Executive Officer


	Three Months Ended															For the Six Months Ended
($’s in 000, except per share data)	Jun 30, 2026			Mar 31, 2026			Dec 31, 2025			Sep 30, 2025			Jun 30, 2025			Jun 30, 2026			Jun 30, 2025
Key Performance Metrics
Return on Average Assets-Net Income (1)		1.53	%		0.39	%		2.20	%		1.37	%		1.59	%		0.98	%		1.60	%
Return on Average Stockholders’ Equity(1)		12.64	%		3.12	%		18.03	%		10.89	%		12.62	%		7.94	%		12.61	%
Efficiency Ratio		54.66	%		80.81	%		55.31	%		61.05	%		58.50	%		67.01	%		60.64	%
Net Interest Margin(1)		3.78	%		3.86	%		4.21	%		4.35	%		4.31	%		3.82	%		4.39	%
Net Revenue(1)	$	21,950		$	19,645		$	20,718		$	20,175		$	17,772		$	41,595		$	35,129
Common Equity / Assets		12.07	%		12.03	%		12.19	%		12.16	%		12.30	%		12.07	%		12.30	%
Tier 1 Leverage Ratio - Bank		13.15	%		13.39	%		13.42	%		13.72	%		13.82	%		13.15	%		13.82	%

Selected Loan Metrics
Guaranteed Portion of Loans Held for Sale	$	50,848		$	74,507		$	46,009		$	66,791		$	45,242		$	50,848		$	45,242
Guaranteed Portion of Loans Held for Investment		174,971			177,617			183,739			193,688			192,324			174,971			192,324
Total Guaranteed Loans		225,819			252,124			229,748			260,479			237,566			225,819			237,566
Guaranteed Loans as a Percent of Total Loans(2)		16.7	%		17.3	%		19.2	%		20.6	%		22.1	%		16.7	%		22.1	%
SBA Loan Originations	$	131,420		$	189,851		$	106,744		$	207,683		$	132,256		$	321,271		$	261,607
SBA Loans Sold	$	110,075		$	79,036		$	92,258		$	110,820		$	82,140		$	189,111		$	150,860
Gain on Loan Sales Margin(2)		5.04	%		4.79	%		3.93	%		3.24	%		3.16	%		4.94	%		3.40	%

Asset Quality
Total nonaccrual loans	$	51,648		$	39,736		$	32,141		$	34,608		$	18,227		$	51,648		$	18,227
Loans past due 90 days and still accruing		868			-			854			184			146			868			146
Other real estate owned		5,663			4,401			4,401			2,684			-			5,663			-
Total non-performing assets	$	58,179		$	44,137		$	37,396		$	37,476		$	18,373		$	58,179		$	18,373
Non-performing assets: guaranteed portion	$	36,876		$	34,340		$	28,240		$	29,236		$	13,792		$	36,876		$	13,792
Non-performing assets: non-guaranteed portion	$	21,303		$	9,797		$	9,156		$	8,240		$	4,581		$	21,303		$	4,581

Non-performing assets to total assets		4.06	%		3.17	%		2.75	%		2.88	%		1.49	%		4.06	%		1.49	%
Non-performing assets, excluding guaranteed, to total assets(2)		1.49	%		0.70	%		0.67	%		0.63	%		0.37	%		1.49	%		0.37	%
Net charge-offs	$	1,167		$	1,457		$	557		$	836		$	870		$	2,624		$	1,698

Loans past due 30-89 days and accruing	$	12,202		$	6,255		$	9,843		$	3,595		$	8,182		$	12,202		$	8,182
Loans past due 30-89 days and accruing: guaranteed portion	$	2,491		$	2,474		$	4,574		$	2,351		$	5,650		$	2,491		$	5,650
Loans past due 30-89 days and accruing: non-guaranteed portion	$	9,710		$	3,781		$	5,269		$	1,244		$	2,532		$	9,710		$	2,532

Allowance for credit losses (ACL)	$	12,418		$	10,755		$	9,890		$	10,577		$	9,205		$	12,418		$	9,205
Nonaccrual loans	$	51,648		$	39,736		$	32,141		$	34,608		$	18,227		$	51,648		$	18,227
ACL to nonaccrual loans		24	%		27	%		31	%		31	%		51	%		24	%		51	%
ACL to nonaccrual loans, excluding guaranteed(2)		65	%		122	%		136	%		141	%		208	%		65	%		208	%
ACL to loans		1.19	%		1.05	%		1.03	%		1.12	%		1.06	%		1.19	%		1.06	%
ACL to loans, excluding guaranteed(2)		1.42	%		1.27	%		1.28	%		1.42	%		1.36	%		1.42	%		1.36	%

Book Value
Stockholders’ Equity	$	172,810		$	167,622		$	165,755		$	158,193		$	151,749		$	172,810		$	151,749
Common shares outstanding		14,470			14,470			14,385			14,288			14,274			14,470			14,274
Book value per common share	$	11.94		$	11.58		$	11.52		$	11.07		$	10.63		$	11.94		$	10.63
Full-Time Equivalent Employees		189			189			184			187			188			189			188

(1) Ratios are annualized on an actual/actual basis
(2) See Reconciliation of Non-GAAP Financial Measures


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

Pre-Provision Net Revenue(1)
Net Interest Income	$	12,801		$	12,191		$	13,455		$	12,998		$	12,388		$	24,992		$	24,282
Non-Interest Income		9,149			7,454			7,263			7,177			5,384			16,603			10,847
Net Revenue	$	21,950		$	19,645		$	20,718		$	20,175		$	17,772		$	41,595		$	35,129
Non-Interest Expense		11,998			15,876			11,460			12,317			10,396			27,874			21,303
Pre-Provision Net Revenue	$	9,952		$	3,769		$	9,258		$	7,858		$	7,376		$	13,721		$	13,826
Less:
(Provision) Net Benefit for Credit Losses		(2,844	)		(2,293	)		182			(2,219	)		(1,092	)		(5,137	)		(1,813	)
Provision For Income Taxes		(1,625	)		(139	)		(2,026	)		(1,282	)		(1,486	)		(1,764	)		(2,710	)
Net Loss Attributable to Equity Investment		(21	)		(22	)		(18	)		(49	)		(43	)		(43	)		(78	)
Net Income	$	5,462		$	1,315		$	7,396		$	4,308		$	4,755		$	6,777		$	9,225

Adjusted Diluted Earnings Per Share Excluding Unusual Items(2)
Net Income	$	5,462		$	1,315		$	7,396		$	4,308		$	4,755		$	6,777		$	9,225
Unusual Items:
Form S-1 and Uplift Costs		-			-			-			30			290			-			1,049
Severance Expenses		-			-			257			1,001			-			-			-
Credit Card Fraud Losses		52			4,213			-			-			-			4,265
Costs Incurred Related to Discontinued Credit Card Marketing Campaign		-			-			416			1,692			-			-			-
Net Gain on Sales of Investment Securities		-			-			(426	)		-			-			-			-
Tax Effect of Unusual Expenses (a)		(12	)		(963	)		(55	)		(605	)		(64	)		(975	)		(233	)
Net Income Excluding Unusual Items	$	5,502		$	4,565		$	7,588		$	6,426		$	4,981		$	10,067		$	10,041

Weighted average diluted shares outstanding		14,544			14,506			14,555			14,525			14,551			14,511			14,536

Diluted Earnings Per Share	$	0.38		$	0.09		$	0.51		$	0.30		$	0.33		$	0.47		$	0.63
Adjusted Diluted Earnings Per Share Excluding Unusual Expenses	$	0.38		$	0.31		$	0.52		$	0.44		$	0.34		$	0.69		$	0.69

Gain on Loan Sales Margin(1)
Gain on Sale of Loans	$	5,544		$	3,790		$	3,625		$	3,592		$	2,593		$	9,334		$	5,130
Loans Sold		110,075			79,036			92,258			110,820			82,140			189,111			150,860
Gain on Loan Sales Margin		5.04	%		4.79	%		3.93	%		3.24	%		3.16	%		4.94	%		3.40	%

Guaranteed Loans as a Percent of Loans(3)
SBA and USDA Guaranteed Loans	$	174,971		$	177,617		$	183,739		$	193,688		$	192,324		$	174,971		$	192,324
Loans, Net of Deferred Fees and Costs		1,047,352			1,025,136			959,269			940,591			871,630			1,047,352			871,630
Guaranteed Loans as a % of Loans		16.7	%		17.3	%		19.2	%		20.6	%		22.1	%		16.7	%		22.1	%

Non-performing assets, excluding guaranteed, to total assets(3)
Non-performing assets	$	58,179		$	44,137		$	37,396		$	37,476		$	18,373		$	58,179		$	18,373
Less: SBA and USDA guaranteed portions of non-performing assets		36,876			34,340			28,240			29,236			13,792			36,876			13,792
Non-performing assets, excluding guaranteed portions		21,303			9,797			9,156			8,240			4,581			21,303			4,581
Total assets		1,431,702			1,393,812			1,359,491			1,301,378			1,232,424			1,431,702			1,232,424
Non-performing assets, excluding guaranteed, to total assets		1.49	%		0.70	%		0.67	%		0.63	%		0.37	%		1.49	%		0.37	%

Allowance for credit losses (ACL) to nonaccrual loans, excluding guaranteed(3)
Nonaccrual loans	$	51,648		$	39,736		$	32,141		$	34,608		$	18,227		$	51,648		$	18,227
Less: SBA and USDA guaranteed portions of nonaccrual loans		32,481			30,949			24,849			27,112			13,792			32,481			13,792
Nonaccrual loans, excluding guaranteed portions		19,167			8,787			7,292			7,496			4,435			19,167			4,435
ACL to nonaccrual loans, excluding guaranteed		65	%		122	%		136	%		141	%		208	%		65	%		208	%

ACL to loans, excluding guaranteed(3)
Loans, net of deferred fees and costs	$	1,047,352		$	1,025,136		$	959,269		$	940,591		$	871,630		$	1,047,352		$	871,630
Less: SBA and USDA guaranteed portions of loans		174,971			177,617			183,739			193,688			192,324			174,971			192,324
Loans, excluding guaranteed		872,381			847,519			775,530			746,903			679,306			872,381			679,306
ACL to loans, excluding guaranteed		1.42	%		1.27	%		1.28	%		1.42	%		1.36	%		1.42	%		1.36	%

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 one-time 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.

GBFH 8-K/A

FORM 8-K/A

Item 9.01 Financial Statements and Exhibits.