earnings
confidence high
sentiment neutral
materiality 0.75
GBank Q1 net income $4.5M ($0.31/sh), revenue up 31% YoY; SEC declares S-1 effective, NASDAQ approval
GBank Financial Holdings Inc.
2025-Q1 EPS reported
$0.31
- Net income $4.5M ($0.31 diluted EPS) vs $5.2M ($0.37) Q4'24 and $3.7M ($0.29) Q1'24.
- Net revenue $17.4M (+31.4% YoY); non-interest income $5.5M (+51% YoY) driven by gaming FinTech credit card fees of $2.0M.
- Credit card charge transactions $105.6M (vs $1.1M Q1'24); BCS onboarding three new programs with MasterCard/i2c partnership.
- Non-performing assets $20.4M (1.71% of assets) vs $6.1M (0.64%) a year ago; excluding guaranteed portions $5.7M.
- SEC declared Form S-1 effective April 16 for resale of 1,081,081 shares; CEO says NASDAQ trading approval received.