GBank Financial Q2 FY26 net income more than quadruples to $5.5 million; revenue rises 11.7% to $22 million vs Q1 FY26
GBFH•Other company update
- BVNKROLL signed AXES AI to expand its slot and gaming payments platform to 67 operators across 12 states; Visa Prepaid Card launch is expected in Q4 2026.
GBank Financial reports higher Q2 FY26 profit and revenue
- GBank Financial Holdings posted GAAP net income of $5.5 million, or $0.38 a share, for the quarter ended June 30, up from $1.3 million.
- GAAP net revenue hit a quarterly record $22 million, up 11.7% from the March quarter, as non-interest expense fell to $12 million from $15.9 million.
- Net interest margin narrowed 0.08 percentage points to 3.78%, while provision for credit losses on loans rose to $2.8 million from $2.3 million.
- Non-performing assets excluding guaranteed portions climbed to $23.3 million, or 1.63% of total assets, from $13.2 million, or 0.70%.
