Recent Updates — GBFH

GBank Financial Holdings Inc. reported net income of $3.9 million, or $0.27 per diluted share, for the third quarter ended September 30, 2026. This represents a decline from $5.5 million, or $0.38 per diluted share, in the second quarter of 2026, and $4.3 million, or $0.30 per diluted share, during the third quarter of 2025. Adjusted net income was $4.3 million, or $0.30 adjusted diluted earnings per share. Net interest income increased to $13.6 million from $12.8 million in the prior quarter, while non-interest income decreased due to lower interchange fees and fewer loan sales. The company operates as a bank holding company providing commercial and retail banking services.

GBank Financial Holdings announced a planned leadership succession effective October 22, 2026. Edward M. Nigro resigned as Executive Chairman and Chief Executive Officer of the parent company and Executive Chairman of its bank subsidiary, though he will remain a director of GBank Financial Holdings. Jeffrey K. Newgard, previously President and CEO of the bank subsidiary, was appointed President, Chief Executive Officer, and Director of the holding company. James K. Sims was named Independent Chairman of the Board. Nigro received a separation agreement including annualized payments and COBRA premiums. The company operates as a bank holding company with payment, gaming fintech, SBA lending, and commercial banking operations.

Olivia M. Caley resigned as principal financial officer and principal accounting officer effective October 13, 2026. The board designated CEO Jeffrey Newgard as interim principal financial officer and Controller Christine Nelson as interim principal accounting officer. The company continues its search for a permanent CFO.

GBank Financial Holdings Inc. reported second quarter 2026 net income of $5.5 million, or $0.38 per diluted share, compared to $4.8 million in the prior year period. The company also announced that Executive Vice President and Chief Financial Officer Jeffrey E. Whicker separated from his positions on July 24, 2026, receiving twelve months of continued base salary under his employment agreement. Principal Financial Officer Olivia M. Caley will continue serving while a search for a new CFO is conducted. The company operates in the banking industry, providing commercial and retail banking products through its wholly owned subsidiary.