OTC-QX:GBFH

GBank Financial Holdings Inc. Annual Meeting of Shareholders Scheduled for Tuesday, May 7th at 2:00 P.M. Pacific Time

Retrieved on: 
Thursday, April 25, 2024
Internet, Zoom, Bank, Annual report, ZOOM, Smartphone, Shareholder, PST, ID, Annual general meeting, Telephone, The Company

LAS VEGAS, April 25, 2024 /PRNewswire/ -- GBank Financial Holdings Inc. (the "Company") (OTCQX: GBFH), the parent company for GBank (the "Bank"), today announced it will host its annual meeting of shareholders on Tuesday, May 7, 2024, at 2:00 p.m. (PST).

Key Points: 
  • LAS VEGAS, April 25, 2024 /PRNewswire/ -- GBank Financial Holdings Inc. (the "Company") (OTCQX: GBFH), the parent company for GBank (the "Bank"), today announced it will host its annual meeting of shareholders on Tuesday, May 7, 2024, at 2:00 p.m. (PST).
  • Shareholders will be able to listen from their home or from any remote location that has Internet connectivity.
  • The ZOOM meeting password is included on your Notice of Virtual Annual Meeting of Shareholders that accompanied your proxy materials.
  • Additional information on joining ZOOM by various methods can be found at:
    The Annual Meeting of Shareholders will be hosted by Edward M. Nigro, Executive Chairman, and T. Ryan Sullivan, President/CEO.

GBank Financial Holdings Inc. Announces Fourth Quarter 2023 Financial Results

Retrieved on: 
Tuesday, January 30, 2024
PCA, Growth, BankCard Services, SBA, FDIC, Telephone, Fintech, Zoom, Internet, Federal funds, BCS, CIMS, PST, PPA, Accounting, Tier 1, Commercial, PIMS, Federal Reserve Bank, Smartphone, ZOOM, Patent, Sale, Bank, Interest, Investment, Federal Home Loan Banks

Average pretax gain on sale of loans margin decreased to 3.18% during the fourth quarter, compared to 3.36% for the prior quarter and 3.51% for the same period of 2022.

Key Points: 
  • Average pretax gain on sale of loans margin decreased to 3.18% during the fourth quarter, compared to 3.36% for the prior quarter and 3.51% for the same period of 2022.
  • For the quarter ended December 31, 2023, the Bank's Tier 1 leverage ratio was 14.06%, compared to 15.08% for the quarter ended December 31, 2022.
  • For the quarter ended December 31, 2023, net interest income increased 8% to $10.4 million, compared to $9.6 million for the prior quarter.
  • Net charge-offs during the third quarter of 2023 related to the other real estate owned properties held at September 30, 2023.

GBank Financial Holdings Inc Announces Potential Merger of BankCard Services, LLC and GBank

Retrieved on: 
Thursday, November 2, 2023
BankCard Services, Bank, BCS, OTCQX, Audit

LAS VEGAS, Nov. 2, 2023 /PRNewswire/ -- GBank, a subsidiary of GBank Financial Holdings Inc. (OTCQX: GBFH), today announced that its Board has formed a subcommittee comprised of four entirely disinterested directors to explore the potential merger of BankCard Services, LLC ("BCS") and the Bank.

Key Points: 
  • LAS VEGAS, Nov. 2, 2023 /PRNewswire/ -- GBank, a subsidiary of GBank Financial Holdings Inc. (OTCQX: GBFH), today announced that its Board has formed a subcommittee comprised of four entirely disinterested directors to explore the potential merger of BankCard Services, LLC ("BCS") and the Bank.
  • This disinterested board subcommittee is tasked with the duty to review any proposed transaction and is authorized to engage a third party to deliver a fairness opinion regarding any potential transaction.

GBank Financial Holdings Inc. Announces Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, October 31, 2023
ZOOM, Bank, USDA, Brick, Federal Reserve Bank, Federal, Q3, Interest, PIMS, COVID-19, Partnership, Current Expected Credit Losses, Insurance, Sale, Smartphone, Telephone, GAAP, CIMS, Federal Reserve Bank of St. Louis, Internet, Zoom, Marketing, Commercial, The Wall Street Journal, Sport, BCS, Federal Home Loan Banks, Fintech, Federal Reserve, Growth, The Company, Borrowing base, SBA, Patent, Card, BankCard Services, Federal funds, ASC, Government, ACL, ASU, PPP, Credit card, PST, Sports betting, Cryptocurrency, Security (finance), Drug, Video game, Payment card, Real estate, Mobile phone, Sightline (architecture)

For the quarter ended September 30, 2023, loan originations by the Bank's SBA and Commercial Lending divisions increased 19% to $81.1 million, compared to $68.0 million for the prior linked quarter.

Key Points: 
  • For the quarter ended September 30, 2023, loan originations by the Bank's SBA and Commercial Lending divisions increased 19% to $81.1 million, compared to $68.0 million for the prior linked quarter.
  • For the quarter ended September 30, 2023, the Company's equity to assets ratio was 12.97% and the Bank's Tier 1 leverage ratio was 16.18%.
  • For the quarter ended September 30, 2023, net interest income increased 10% to $9.5 million, compared to $8.7 million for the prior linked quarter.
  • For the quarter ending September 30, 2023, Gaming FinTech deposits averaged $31.6 million, compared to $45.7 million for the prior linked quarter.

GBank Financial Holdings Inc. Schedules Earnings Release and Investor Earnings Call

Retrieved on: 
Friday, October 20, 2023
Smartphone, ZOOM, Bank, Fintech, Press release, Internet, Common stock, Interest, PST, ID, Zoom, Risk, The Company, SBA

LAS VEGAS, Oct. 20, 2023 /PRNewswire/ -- GBank Financial Holdings Inc. (the "Company") (OTCQX: GBFH), the parent company for GBank (the "Bank"), today announced the dates for its Q3 2023 earnings release and investor earnings call.

Key Points: 
  • LAS VEGAS, Oct. 20, 2023 /PRNewswire/ -- GBank Financial Holdings Inc. (the "Company") (OTCQX: GBFH), the parent company for GBank (the "Bank"), today announced the dates for its Q3 2023 earnings release and investor earnings call.
  • The earnings release is set for Tuesday, October 31, 2023, followed by the investor earnings call on Wednesday, November 1, 2023, at 2:00 p.m. (PST).
  • GBank Financial Holdings Inc. (the "Company") (GBFH) operates via its wholly-owned subsidiary, GBank.
  • GBank Financial Holdings Inc. retains the right to modify these projections as needed.

GBank Financial Holdings Inc Announces First Quarter 2023 Financial Results

Retrieved on: 
Tuesday, April 25, 2023
Insurance, Federal Reserve Bank of St. Louis, Marketing, Current Expected Credit Losses, Telephone, Fintech, GAAP, Interest, Internet, The Company, Credit card, SBA, Sport, ZOOM, Federal Reserve Bank, ASC, Smartphone, PST, Federal Reserve, OSL, Growth, ASU, ACL, Small Business Administration, Uncertainty, Common stock, The Wall Street Journal, BankCard Services, COVID-19, OTC Markets Group, FDIC, ID, Government, Bank, PPA, Resorts World, Press release, Note, Partnership, Federal, Sale, PPP, Regulation, Zoom, Small business, PIMS, BCS, Video game, Music, Airline, Lithium, Cryptocurrency, Automotive industry, Casino, Public utility, Self storage, Real estate, Security (finance), Mobile phone, Sightline (architecture)

Gain on sale of loans decreased $3.0 million, or 58%, when comparing the quarter ended March 31, 2023, to the same quarter in 2022.

Key Points: 
  • Gain on sale of loans decreased $3.0 million, or 58%, when comparing the quarter ended March 31, 2023, to the same quarter in 2022.
  • Net interest margin for the Bank for the quarter ended March 31, 2023, was 6.08%, compared to 3.12% for the quarter ended March 31, 2022.
  • Salaries and other compensation expenses increased $818 thousand, or 18%, for the quarter ended March 31, 2023, compared to the prior linked quarter.
  • The Bank had no charge-offs or recoveries during the first quarter of 2023 or during the preceding linked quarter.

GBank Financial Holdings Inc Annual Meeting of Shareholders Scheduled for Tuesday, May 9th at 12:00 P.M. Pacific Time

Retrieved on: 
Monday, April 10, 2023
Common stock, Shareholder, Partnership, Smartphone, Telephone, BankCard Services, COVID-19, Fintech, FDIC, PST, ID, Internet, The Company, Annual report, Regulation, Annual general meeting, SBA, Small business, Zoom, Bank, PIMS, ZOOM, BCS, Press release, Mobile phone

Shareholders will be able to listen from their home or from any remote location that has Internet connectivity.

Key Points: 
  • Shareholders will be able to listen from their home or from any remote location that has Internet connectivity.
  • Shareholders may participate online, via the ZOOM app on their smartphones, or by joining by telephone:
    The ZOOM video conference ID is 856 1782 9948.
  • The ZOOM meeting password is included on your Notice of Virtual Annual Meeting of Shareholders that accompanied your proxy materials.
  • You are encouraged to review in full the Annual Meeting Notice and related materials.

GBank Financial Holdings Inc. Announces Fourth Quarter 2022 Financial Results

Retrieved on: 
Tuesday, January 24, 2023
Note, Common stock, Telephone, GAAP, Federal Reserve, BankCard Services, Partnership, OTC Markets Group, PPP, Smartphone, Federal, Small business, SBA, Credit card, PLP, Bank, Sale, Resorts World, The Wall Street Journal, Fintech, Federal Reserve Bank of St. Louis, ID, ZOOM, Zoom, Internet, PST, Press release, BCS, PPA, Sport, FIS, Small Business Administration, COVID-19, Interest, Growth, Federal Reserve Bank, The Company, Paycheck Protection Program, OSL, Regulation, Cryptocurrency, Music, Lithium, Airline, Public utility, Real estate, Security (finance), Mobile phone, Sightline (architecture)

LAS VEGAS, Jan. 24, 2023 /PRNewswire/ -- GBank Financial Holdings Inc. ("GBank" or the "Company") (OTCQX: GBFH), the parent company for GBank (formerly known as "Bank of George") (the "Bank") today reported net income of $­­­3.3 million or $0.25 per diluted share for the quarter ended December 31, 2022, compared to $2.6 million or $0.20 per diluted share during the third quarter of 2022.

Key Points: 
  • LAS VEGAS, Jan. 24, 2023 /PRNewswire/ -- GBank Financial Holdings Inc. ("GBank" or the "Company") (OTCQX: GBFH), the parent company for GBank (formerly known as "Bank of George") (the "Bank") today reported net income of $­­­3.3 million or $0.25 per diluted share for the quarter ended December 31, 2022, compared to $2.6 million or $0.20 per diluted share during the third quarter of 2022.
  • The Bank's fourth quarter net interest margin was 5.45%, compared to 4.70% for the third quarter of 2022.
  • The Company recorded a $60 thousand provision for loan losses during the fourth quarter of 2022, compared to a $464 thousand provision during the preceding linked quarter.
  • The Bank had no charge-offs or recoveries during the fourth quarter of 2022, compared to $446 thousand of net charge-offs during the prior quarter.

GBank Financial Holdings Inc. Pleased to Share the Press Release of Sightline Payments Announcing that Resorts World Las Vegas Becomes 1st Resort to Launch Next Generation of Cashless

Retrieved on: 
Saturday, December 17, 2022
Payment, The Company, SBA, BCS, Small business, Partnership, Bank, Common stock, FDIC, BankCard Services, COVID-19, Press release, Sport, Regulation, Sightline

Sightline Payments is the U.S. sports betting and casino gaming market's leading digital payments provider and mobile app developer.

Key Points: 
  • Sightline Payments is the U.S. sports betting and casino gaming market's leading digital payments provider and mobile app developer.
  • BankCard Services, LLC entered into an agreement with Sightline Payments in 2014 to provide GBank as a sponsor bank to enable Sightline's Play+ cashless solutions for the gaming industry.
  • Today, the Sightline/BankCard Services, LLC/GBank partnership services nearly 400,000 accounts at GBank with over $2 billion in transactions since the Play+ sports betting launch in Nevada.
  • When words such as "believes," "expects," "anticipates," or similar expressions occur in this Press Release, the Company is making forward-looking statements.

GBank Financial Holdings Inc. Announces Third Quarter 2022 Financial Results

Retrieved on: 
Friday, October 21, 2022
Interest, Paycheck Protection Program, Conference, Smartphone, Credit card, Program, PIMS, CEO, Press release, Solution, Regulation, Telephone, PLP, LLC, OSL, Investment, Bank, Company, SBA, BCS, Small business, OTC Markets Group, Financial technology, PPP, Government, Growth, PST, EVP, Zoom, PPA, Income, NIM, Technology, Sport, BankCard Services, Internet, ID, The Company, Sale, Note, ZOOM, Partnership, Federal Reserve Bank, Forward-looking statement, Common stock, COVID-19, Federal Reserve Bank of St. Louis, Security (finance), Online gambling, Renewable energy, Lithium, Ridesharing company, Public utility, Life insurance, Cryptocurrency, Video game, Real estate, Sightline

Net income increased 54% to $2.6 million, compared to $1.7 million for Q2 2022.

Key Points: 
  • Net income increased 54% to $2.6 million, compared to $1.7 million for Q2 2022.
  • Total net revenues (net interest income plus noninterest income) increased 15% to $10.7 million, compared to $9.3 million for Q2 2022.
  • The Company recorded a $464 thousand provision for loan losses during the third quarter of 2022, compared to a $767 thousand provision during the preceding linked quarter.
  • The Company held $6.8 million in allowance for loan losses at both September 30, 2022 and June 30, 2022.