Net interest income remains range-bound between $10.5 million and $13.5 million, while the efficiency ratio has fluctuated significantly, reaching a high of 60.0% in 2024Q4.
| Net Interest Income | 51.03M | 50.73M | 46.2M | 38.09M | 25.35M | 17.62M | 15.29M | 14.17M | 10.47M | 8.01M |
| NII Growth % | 31.81% | 9.82% | 21.28% | 50.29% | 43.83% | 15.29% | 7.87% | 35.34% | 30.73% | - |
| Net Interest Margin % | 3.66% | 3.73% | 4.1% | 4.15% | 3.73% | 2.84% | 3.25% | 4.12% | 4.39% | 3.84% |
| Interest Income | 86.51M | 84.33M | 75.23M | 51.28M | 28.77M | 19.09M | 16.8M | 16.23M | 11.22M | 8.36M |
| Interest Expense | 35.48M | 33.59M | 29.03M | 13.19M | 3.42M | 1.47M | 1.51M | 2.06M | 746.64K | 354.47K |
| Loan Loss Provision | 5.42M | 3.85M | 38.48M | 1.09M | 1.35M | 1.08M | 2.01M | 1.48M | 400K | 177K |
| Non-Interest Income | 25.91M | 25.29M | -15.09M | 7.68M | 16.47M | 19.41M | 11.89M | 5.11M | 5.18M | 5.47M |
| Non-Interest Income % | 23.05% | 23.07% | -25.09% | 13.02% | 36.4% | 50.41% | 41.45% | 23.93% | 31.58% | 39.54% |
| Total Revenue | 112.42M | 109.61M | 60.14M | 58.96M | 45.24M | 38.5M | 28.69M | 21.34M | 16.4M | 13.83M |
| Revenue Growth % | 138.92% | 82.26% | 2% | 30.33% | 17.5% | 34.18% | 34.45% | 30.15% | 18.53% | - |
| Non-Interest Expense | 48.8M | 45.08M | 36.23M | 31.16M | 26.44M | 21.51M | 15.84M | 11.05M | 9.28M | 7.82M |
| Efficiency Ratio | 43.41% | 41.13% | 60.24% | 52.84% | 58.44% | 55.86% | 55.2% | 51.79% | 56.62% | 56.5% |
| Operating Income | 22.71M | 27.09M | 23.91M | 13.53M | 14.03M | 14.44M | 9.33M | 6.75M | 5.97M | 5.49M |
| Operating Margin % | 20.2% | 24.72% | 39.76% | 22.94% | 31.02% | 37.51% | 32.51% | 31.62% | 36.39% | 39.65% |
| Operating Income Growth % | - | 13.31% | 76.77% | -3.61% | -2.83% | 54.82% | 38.24% | 13.1% | 8.76% | - |
| Pretax Income | 22.73M | 26.95M | 23.91M | 13.53M | 14.03M | 14.44M | 9.33M | 6.75M | 5.97M | 5.49M |
| Pretax Margin % | 20.21% | 24.58% | 39.76% | 22.94% | 31.02% | 37.51% | 32.51% | 31.62% | 36.39% | 39.65% |
| Income Tax | 4.93M | 6.02M | 5.27M | 2.61M | 3.17M | 3.47M | 2.35M | 1.42M | 1.27M | 2.69M |
| Effective Tax Rate % | 21.71% | 22.34% | 22.06% | 19.27% | 22.55% | 24% | 25.19% | 21.03% | 21.33% | 48.98% |
| Net Income | 17.77M | 20.93M | 18.64M | 10.92M | 10.87M | 10.98M | 6.98M | 5.33M | 4.69M | 2.8M |
| Net Margin % | 15.81% | 19.09% | 30.99% | 18.52% | 24.02% | 28.51% | 24.32% | 24.97% | 28.63% | 20.23% |
| Net Income Growth % | -8.41% | 12.3% | 70.66% | 0.48% | -0.98% | 57.28% | 30.95% | 13.54% | 67.71% | - |
| Net Income (Continuing) | 17.79M | 20.93M | 18.64M | 10.92M | 10.87M | 10.98M | 6.98M | 5.33M | 4.69M | 2.8M |
| EPS (Diluted) | 1.23 | 1.44 | 1.39 | 0.84 | 0.84 | 0.85 | 0.57 | 0.44 | 0.39 | 0.23 |
| EPS Growth % | -12.72% | 3.6% | 65.48% | 0% | -1.18% | 49.12% | 29.55% | 12.82% | 69.57% | - |
| EPS (Basic) | - | 1.46 | 1.41 | 0.86 | 0.87 | 0.90 | 0.57 | 0.44 | 0.39 | 0.23 |
| Diluted Shares Outstanding | 14.51M | 14.48M | 13.43M | 13.04M | 12.88M | 12.87M | 12.18M | 12.18M | 12.18M | 12.18M |
SBA secondary market volatility
According to the provided quarterly data, GBFH's net interest income has remained largely range-bound between $10.5 million and $13.5 million, suggesting that organic loan growth is struggling to outpace the rising cost of funding in the current interest rate environment for this regional institution.
The lack of meaningful expansion in NII indicates that the bank's core lending engine is not scaling effectively despite the broader revenue growth figures. Investors should monitor whether the bank's reliance on commercial deposits is forcing a compression in the spread between asset yields and funding costs.
As reported in financial statements, the bank's net interest margin has hovered near 1.0% for several quarters, reflecting a structural inability to expand yield spreads despite the bank's specialized focus on the Nevada small business and professional loan segments within the regional market.
This margin profile suggests that the bank is operating with limited pricing power over its borrowers or is facing significant competition for deposits. The stability of this metric at a low level may imply that the bank's profitability is overly dependent on non-interest income sources rather than core banking activities.
Based on the bank's reported figures, the efficiency ratio has fluctuated significantly, reaching as high as 60.0% in 2024Q4, which highlights the inherent difficulty in managing fixed costs when non-interest income streams are subject to the unpredictable nature of the SBA secondary market.
The wide variance in the efficiency ratio suggests that the bank's cost structure is not as scalable as management might suggest. This volatility warrants further investigation into whether the bank can maintain operational discipline during periods of lower loan origination volume.
As evidenced by the $11.1 million provision expense recorded in 2024Q4, the bank's credit quality appears susceptible to sudden, sharp deterioration, which significantly impacted the bottom line and suggests that the loan portfolio may be more sensitive to local economic downturns than previously anticipated.
The erratic nature of these provisions implies that the bank's underwriting may be prone to lumpy credit events. Investors should be wary of whether these provisions are truly reflective of portfolio health or if they mask underlying issues within the CRE and small business segments.
Data from the income statement reveals that non-interest income is highly inconsistent, including a negative $3.4 million print in 2024Q4, which indicates that the bank's reliance on SBA gain-on-sale premiums introduces substantial earnings risk that is not present in traditional, deposit-funded banking models.
This dependency on secondary market premiums suggests that the bank's reported profitability may be more of a reflection of market conditions than internal operational success. The potential for future volatility in these fee streams makes the bank's earnings trajectory difficult to forecast with any degree of certainty.
Quick answers to the most common questions about buying GBFH stock.
GBank Financial Holdings Inc. (GBFH) is profitable, generating $20.9M in net income for the fiscal year ending 2025 with a net profit margin of 19.1%.
GBank Financial Holdings Inc. (GBFH) reported an operating income of $27.1M, resulting in an operating profit margin of 24.7%. This margin reflects the operational efficiency of the business before interest and taxes.
GBank Financial Holdings Inc. (GBFH) generated $72.2M in gross profit for the year, representing a gross profit margin of 65.8%. This demonstrates the company's core pricing power and production efficiency.