GBank Financial Holdings Inc. (GBFH)

GBank Financial Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 21, 2022
Interest Income on Loans	66.27	42.14	24.1
Interest Income on Investments	8.96	9.14	4.68
Total Interest Income	75.23	51.28	28.77
Interest Paid on Deposits	27.77	11.71	2.28
Interest Paid on Borrowings	1.26	1.48	1.15
Total Interest Expense	29.03	13.19	3.42
Net Interest Income	46.2	38.1	25.35
Net Interest Income Growth (YoY)	21.28%	50.29%	-
Other Non-Interest Income	3.92	1.95	2.92
Total Non-Interest Income	16.19	7.68	16.47
Non-Interest Income Growth (YoY)	110.77%	-53.37%	-
Revenues Before Loan Losses	62.39	45.77	41.82
Provision for Loan Losses	2.24	1.09	1.35
Revenue	60.14	44.68	40.47
Revenue Growth (YoY)	34.60%	10.41%	-
Salaries and Employee Benefits	20.42	19.05	16.64
Occupancy Expenses	0.85	0.76	-
Federal Deposit Insurance	0.45	0.29	0.17
Selling, General & Administrative	7.95	6.95	6.73
Other Non-Interest Expense	4.63	3.36	2.67
Total Non-Interest Expense	36.23	31.16	26.44
EBT Excluding Unusual Items	23.91	13.53	14.03
Pretax Income	23.91	13.53	14.03
Income Tax Expense	5.27	2.61	3.17
Net Income	18.64	10.92	10.87
Net Income to Common	18.64	10.92	10.87
Net Income Growth	70.66%	0.48%	-
Basic Shares Outstanding	13	13	12
Diluted Shares Outstanding	13	13	13
Shares Change (YoY)	2.94%	1.23%	-
EPS (Basic)	1.41	0.86	0.87
EPS (Diluted)	1.39	0.84	0.84
EPS Growth	65.48%	0%	-
Effective Tax Rate	22.06%	19.27%	22.55%

Updated Mar 12, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.