GBank Financial Holdings Inc. (GBFH)

GBank Financial Holdings Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 21, 2022
Interest Income on Loans	67.77	66.27	42.14	24.1
Interest Income on Investments	9.48	8.96	9.14	4.68
Total Interest Income	77.25	75.23	51.28	28.77
Interest Paid on Deposits	28.81	27.77	11.71	2.28
Interest Paid on Borrowings	1.15	1.26	1.48	1.15
Total Interest Expense	29.96	29.03	13.19	3.42
Net Interest Income	47.29	46.2	38.1	25.35
Net Interest Income Growth (YoY)	18.43%	21.28%	50.29%	-
Other Non-Interest Income	6.51	3.92	1.95	2.92
Total Non-Interest Income	19.24	16.19	7.68	16.47
Non-Interest Income Growth (YoY)	158.75%	110.77%	-53.37%	-
Revenues Before Loan Losses	66.54	62.39	45.77	41.82
Provision for Loan Losses	2.94	2.24	1.09	1.35
Revenue	63.59	60.14	44.68	40.47
Revenue Growth (YoY)	36.87%	34.60%	10.41%	-
Salaries and Employee Benefits	21.29	20.42	19.05	16.64
Federal Deposit Insurance	0.46	0.45	0.29	0.17
Selling, General & Administrative	10.03	8.8	7.71	6.73
Other Non-Interest Expense	4.82	4.63	3.36	2.67
Total Non-Interest Expense	38.8	36.23	31.16	26.44
EBT Excluding Unusual Items	24.79	23.91	13.53	14.03
Pretax Income	24.79	23.91	13.53	14.03
Income Tax Expense	5.39	5.27	2.61	3.17
Net Income	19.41	18.64	10.92	10.87
Net Income to Common	19.41	18.64	10.92	10.87
Net Income Growth	64.25%	70.66%	0.48%	-
Basic Shares Outstanding	14	13	13	12
Diluted Shares Outstanding	14	13	13	13
Shares Change (YoY)	6.48%	2.94%	1.23%	-
EPS (Basic)	1.43	1.41	0.86	0.87
EPS (Diluted)	1.40	1.39	0.84	0.84
EPS Growth	53.58%	65.48%	0%	-
Effective Tax Rate	21.73%	22.06%	19.27%	22.55%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.