Earnings ·
Georgia Banking Co posts Q3 diluted EPS of $0.57 and net interest income of $31.4M
GBCGeorgia Banking Co Inc
Georgia Banking Company reported third-quarter 2026 results with diluted earnings per share of $0.57, compared to an operating EPS of $0.74 after adjusting for listing and merger expenses. Net interest income rose 8.0% sequentially to $31.4 million, driven by a 23.7% year-over-year increase in average held-for-investment loans to $2.2 billion. The net interest margin stood at 4.17%, down 14 basis points from the prior quarter due to higher costs on refinanced subordinated debt. Noninterest income decreased 13.8% to $2.8 million, primarily reflecting lower retail mortgage originations. The company maintained a CET1 ratio of 10.59% and an operating efficiency ratio of 62.3%. Georgia Banking Company operates as a community bank in the Atlanta metropolitan area.