GBFH on Nasdaq
GBank Financial Holdings Inc.
American state commercial bank that raised $54.3 million in 2026 (SEC Form D).
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Last updated Oct 18, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs98¢$1.2B
- Income tax0¢$6.0M
- Profit2¢$20.9M
Out of $1.2B in revenue.3
Where each dollar of operating cash went, fiscal 2025
- Kept or used elsewhere100¢$9.6M
Out of $9.6M of cash from operations.3
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Interest and fees on loans | $73.6M | $66.3M |
| Interest on deposits with other financial institutions | $4.7M | $4.6M |
| Taxable interest on investment securities | $5.5M | $4.0M |
| Other interest bearing balances | $460.0K | $375.0K |
| Total interest income | $84.3M | $75.2M |
| Interest on deposits | $32.5M | $27.8M |
| Interest on short-term borrowings | $0 | $113.0K |
| Interest on subordinated debt | $1.1M | $1.1M |
| Total interest expense | $33.6M | $29.0M |
| Net interest income | $50.7M | $46.2M |
| PROVISION FOR CREDIT LOSSES | $3.9M | $2.2M |
| Net interest income after provision for credit losses | $46.9M | $44.0M |
| Gain on sale of loans | $12.3M | $12.1M |
| Loan servicing income | $3.2M | $1.8M |
| Service charges and fees | $228.0K | $184.0K |
| Net interchange fees | $7.8M | $1.3M |
| Net gain on sales of investment securities | $426.0K | $0 |
| Other income | $1.4M | $818.0K |
| Total noninterest income | $25.3M | $16.2M |
| Salaries and employee benefits | $25.5M | $22.3M |
| Data processing | $6.1M | $3.7M |
| Occupancy expense | $1.6M | $1.7M |
| Legal and professional fees | $2.3M | $2.2M |
| Loan related costs | $2.1M | $1.7M |
| Audits and exams | $1.3M | $659.0K |
| Advertising and marketing | $2.8M | $562.0K |
| FDIC insurance | $520.0K | $454.0K |
| Other | $2.9M | $2.9M |
| Total noninterest expense | $45.1M | $36.2M |
| INCOME BEFORE PROVISION FOR INCOME TAXES | $27.1M | $23.9M |
| Provision for income taxes | $6.0M | $5.3M |
| NET INCOME BEFORE EQUITY INVESTMENT LOSS | $21.1M | $18.6M |
| Net loss attributable to equity investment | -$145.0K | $0 |
| Net income | $20.9M | $18.6M |
| Basic earnings per share | $1.46 | $1.41 |
| Diluted earnings per share | $1.44 | $1.39 |
| Weighted-average basic shares outstanding | 14.3M shares | 13.2M shares |
| Weighted-average diluted shares outstanding | 14.5M shares | 13.4M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2024-10-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash and due from banks | $5.3M | $9.3M | ||
| Interest-bearing deposits with other financial institutions | $192.5M | $114.9M | ||
| Total cash and cash equivalents | $197.9M | $124.1M | $97.9M | |
| Available for sale, at fair value (amortized cost of $71,061 at December 31, 2025 and $67,308 at December 31, 2024) | $71.0M | $65.6M | ||
| Held to maturity, at amortized cost (fair value of $0 at December 31, 2025 and $40,392 at December 31, 2024) | $0 | $40.6M | ||
| Loans held for sale | $46.0M | $32.6M | ||
| Loans, net of deferred fees and costs | $959.3M | $816.0M | ||
| Less: Allowance for credit losses | -$9.9M | -$9.1M | ||
| Loans, net | $949.4M | $806.8M | ||
| Premises and equipment, net | $1.1M | $835.0K | ||
| Operating lease right-of-use asset | $5.3M | $4.5M | ||
| Bank-owned life insurance | $30.0M | $14.2M | ||
| Loan servicing assets, net | $11.1M | $9.0M | ||
| Federal Home Loan Bank stock, at cost | $5.5M | $4.7M | ||
| Other real estate owned | $4.4M | $0 | ||
| Other assets | $37.8M | $19.4M | ||
| Total Assets | $1.4B | $1.1B | ||
| Noninterest-bearing demand | $214.1M | $239.7M | ||
| Interest-bearing demand | $71.0M | $68.1M | ||
| Savings | $289.0M | $256.7M | ||
| Time | $568.6M | $370.6M | ||
| Total deposits | $1.1B | $935.1M | ||
| Short-term borrowings | $371.0K | $0 | ||
| Redemption principal amount | $26.2M | $26.1M | ||
| Operating lease liability | $5.8M | $4.8M | ||
| Other liabilities | $18.8M | $15.7M | ||
| Total liabilities | $1.2B | $981.7M | ||
| Common stock, par value $0.0001; 80,000,000 shares authorized; 14,385,226 shares issued and outstanding at December 31, 2025 and 14,252,435 shares issued and outstanding at December 31, 2024 | $1.0K | $1.0K | ||
| Additional paid-in capital | $80.4M | $77.6M | ||
| Retained earnings | $85.4M | $64.4M | ||
| Accumulated other comprehensive loss | -$17.0K | -$1.3M | ||
| Total Stockholders' Equity | $165.8M | $140.7M | $98.4M | |
| Total Liabilities and Stockholders' Equity | $1.4B | $1.1B | ||
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | $18.50 | |
| Common Stock, Shares Authorized | 80.0M shares | 80.0M shares | ||
| Common Stock, Shares, Outstanding | 14.4M shares | 14.3M shares | ||
| Common Stock, Shares, Issued | 14.4M shares | 14.3M shares | ||
| Available For Sale At Amortized Cost Fair Value | $71.1M | $67.3M | ||
| Held to maturity Fair Value | $0 | $40.4M |
| Period ending | 2025-12-31 | 2024-12-31 | 2024-10-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash and due from banks | $5.3M | $9.3M | ||
| Interest-bearing deposits with other financial institutions | $192.5M | $114.9M | ||
| Total cash and cash equivalents | $197.9M | $124.1M | $97.9M | |
| Available for sale, at fair value (amortized cost of $71,061 at December 31, 2025 and $67,308 at December 31, 2024) | $71.0M | $65.6M | ||
| Held to maturity, at amortized cost (fair value of $0 at December 31, 2025 and $40,392 at December 31, 2024) | $0 | $40.6M | ||
| Loans held for sale | $46.0M | $32.6M | ||
| Loans, net of deferred fees and costs | $959.3M | $816.0M | ||
| Less: Allowance for credit losses | -$9.9M | -$9.1M | ||
| Loans, net | $949.4M | $806.8M | ||
| Premises and equipment, net | $1.1M | $835.0K | ||
| Operating lease right-of-use asset | $5.3M | $4.5M | ||
| Bank-owned life insurance | $30.0M | $14.2M | ||
| Loan servicing assets, net | $11.1M | $9.0M | ||
| Federal Home Loan Bank stock, at cost | $5.5M | $4.7M | ||
| Other real estate owned | $4.4M | $0 | ||
| Other assets | $37.8M | $19.4M | ||
| Total Assets | $1.4B | $1.1B | ||
| Noninterest-bearing demand | $214.1M | $239.7M | ||
| Interest-bearing demand | $71.0M | $68.1M | ||
| Savings | $289.0M | $256.7M | ||
| Time | $568.6M | $370.6M | ||
| Total deposits | $1.1B | $935.1M | ||
| Short-term borrowings | $371.0K | $0 | ||
| Redemption principal amount | $26.2M | $26.1M | ||
| Operating lease liability | $5.8M | $4.8M | ||
| Other liabilities | $18.8M | $15.7M | ||
| Total liabilities | $1.2B | $981.7M | ||
| Common stock, par value $0.0001; 80,000,000 shares authorized; 14,385,226 shares issued and outstanding at December 31, 2025 and 14,252,435 shares issued and outstanding at December 31, 2024 | $1.0K | $1.0K | ||
| Additional paid-in capital | $80.4M | $77.6M | ||
| Retained earnings | $85.4M | $64.4M | ||
| Accumulated other comprehensive loss | -$17.0K | -$1.3M | ||
| Total Stockholders' Equity | $165.8M | $140.7M | $98.4M | |
| Total Liabilities and Stockholders' Equity | $1.4B | $1.1B | ||
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | $18.50 | |
| Common Stock, Shares Authorized | 80.0M shares | 80.0M shares | ||
| Common Stock, Shares, Outstanding | 14.4M shares | 14.3M shares | ||
| Common Stock, Shares, Issued | 14.4M shares | 14.3M shares | ||
| Available For Sale At Amortized Cost Fair Value | $71.1M | $67.3M | ||
| Held to maturity Fair Value | $0 | $40.4M |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income | $20.9M | $18.6M |
| Provision for credit losses | $3.9M | $2.2M |
| Depreciation | $237.0K | $254.0K |
| Amortization and writeoff of loan servicing assets | $5.6M | $4.8M |
| Amortization of operating lease right of use assets | $875.0K | $816.0K |
| Amortization of subordinated debt issuance costs | $75.0K | $75.0K |
| Investment securities amortization and accretion, net | -$791.0K | -$393.0K |
| Net gain on sales of investment securities | -$426.0K | $0 |
| Loss on writedown of other real estate owned | $72.0K | $0 |
| Stock compensation expense | $2.1M | $1.9M |
| Gain on sale of loans | -$12.3M | -$12.1M |
| Gross originations of loans held for sale | -$370.4M | -$328.3M |
| Proceeds from sale of loans held for sale | $377.1M | $339.3M |
| Income from bank owned life insurance | -$768.0K | -$405.0K |
| Net change in deferred income taxes | $134.0K | -$443.0K |
| Increase in accrued interest receivable | -$656.0K | -$1.6M |
| Net change in other assets | -$18.3M | -$606.0K |
| Net change in operating lease liability | -$736.0K | -$658.0K |
| Increase in accrued interest payable and other liabilities | $3.1M | $2.9M |
| Net cash provided by operating activities | $9.6M | $26.5M |
| Purchases of premises and equipment | -$496.0K | -$194.0K |
| Purchase of bank owned life insurance | -$15.0M | $0 |
| Proceeds from sales of securities available for sale | $13.8M | $0 |
| Purchase of securities available for sale | -$32.9M | -$66.0M |
| Maturities and repayments of investment securities available for sale | $16.4M | $1.9M |
| Proceeds from sales of securities held to maturity | $38.6M | $0 |
| Maturities and repayments of investment securities held to maturity | $2.2M | $57.3M |
| Purchase of FHLB stock | -$861.0K | -$1.4M |
| Purchased loans | $0 | -$44.2M |
| Net change in loans | -$166.3M | -$126.6M |
| Net cash used in investing activities | -$144.7M | -$179.1M |
| Net increase in deposits | $207.6M | $189.4M |
| Increase (decrease) in short-term borrowings | $371.0K | -$30.0M |
| Repayment of stock option loans and other | $548.0K | $0 |
| Net proceeds from issuance of common stock | $226.0K | $19.5M |
| Net cash provided by financing activities | $208.8M | $178.8M |
| Net (decrease) increase in cash and cash equivalents | $73.7M | $26.2M |
| Cash payments for interest | $32.9M | $27.5M |
| Cash payments for income tax | $4.1M | $5.5M |
| Loans transferred to other real estate owned | $4.5M | $0 |
| Loans held for sale transferred to held for investment | $3.1M | $53.3M |
| Investment in BankCard Services LLC | $0 | $3.3M |
No quarter-by-quarter statement was filed.
Leadership
Who has led GBank Financial Holdings Inc., and when. Pick a name to see everywhere that person has worked.
President
Chief financial officer
Chief operating officer
- Chief executive officerJeffrey K. Newgard Jun 16, 2026 to now6
- Chief executive officerTerrance Ryan Sullivan May 2, 2025 to Dec 22, 20257
- Chief executive officerEdward Michael Nigro Dec 22, 2025 to Jun 16, 20268
- ChairEdward Michael Nigro May 5, 2025 to now9
- PresidentJeffrey K. Newgard Jun 16, 2026 to now6
- Chief financial officerJeffery Ernest Whicker May 2, 2025 to now10
- Chief operating officerTara Allyce Campbell May 2, 2025 to now11
Board members and other officers (19)
- Corporate SecretaryHilary R. Sledge-Sarnor Aug 6, 2026 to now12
- SVP/Financial Reporting DirOlivia Marie Caley Aug 6, 2026 to now13
- EVP/Card & Payments (GBank)David Jon Fersdahl May 2, 2025 to now14
- EVP, CCO (GBank)Keith Fuller Jarvis May 2, 2025 to now15
- EVP/Chief SBA Officer (GBank)Nancy M. Decou May 2, 2025 to now16
- EVP, CRO (GBank)Scot Michael Levine May 2, 2025 to now17
- SecretaryAlfred Lee Finley May 5, 2025 to now18
- EVP/Chief Information OfficerShouvik Kumar Ray May 5, 2025 to now19
- SecretaryTodd Anthony Nigro May 5, 2025 to now20
- Board memberAlan Curtis Sklar May 2, 2025 to now21
- Board memberCharles William Griege Jr. May 2, 2025 to now22
- Board memberKathryn S. Lever May 2, 2025 to now23
- Board memberTerrance Ryan Sullivan May 2, 2025 to now7
- Board memberAlfred Lee Finley May 5, 2025 to now18
- Board memberMichael C. Voinovich May 5, 2025 to now24
- Board memberTodd Anthony Nigro May 5, 2025 to now20
- Board memberWilliam Hornbuckle May 5, 2025 to now25
- Board memberJames K. Sims May 6, 2025 to now26
- Board memberTimothy P. Herbst Dec 18, 2025 to now27
Timeline
Filings
168 filings to the SEC since October 2021: 1 annual reports, 5 quarterly reports, 30 major events, 95 insider forms, 2 large holders, 4 private raises, 31 other. The latest 20:
- Oct 13, 20264 EDGAR
- Oct 13, 20264 EDGAR
- Oct 13, 20264 EDGAR
- Oct 13, 20264 EDGAR
- Oct 13, 20264 EDGAR
- Oct 13, 20264 EDGAR
- Sep 10, 20264 EDGAR
- Sep 9, 20268-K EDGAR
- Aug 21, 20268-K/A EDGAR
- Aug 13, 202610-Q EDGAR
- Aug 7, 20264 EDGAR
- Aug 6, 20263 EDGAR
- Aug 6, 20263 EDGAR
- Aug 6, 20263 EDGAR
- Aug 5, 20264 EDGAR
- Aug 5, 20264 EDGAR
- Aug 5, 20264 EDGAR
- Aug 5, 20264 EDGAR
- Jul 29, 20268-K EDGAR
- Jul 23, 20268-K EDGAR
The 168 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 2 such filings since October 2021:
- May 5, 2025SCHEDULE 13D
- May 5, 2025SCHEDULE 13D
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Money raised
Private offerings the company reported to the SEC on Form D.
- Jan 14, 2026Raised $11 million in a private offering of debt Form D: 10 investors so far Form D
- Oct 11, 2024Raised $20 million in a private offering of equity Form D: $20 million offered in all Form D
- Jun 25, 2024Raised $3.3 million in a private offering of equity Form D: 1 investor so far Form D
- Dec 14, 2021Raised $20 million in a private offering of debt Form D: 6 investors so far Form D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 82. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 9SEC EDGAREdward Michael Nigro, Chair
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- 18SEC EDGARAlfred Lee Finley, Secretary
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- 20SEC EDGARTodd Anthony Nigro, Secretary
- 21SEC EDGARAlan Curtis Sklar, Board member
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- 23SEC EDGARKathryn S. Lever, Board member
- 24SEC EDGARMichael C. Voinovich, Board member
- 25SEC EDGARWilliam Hornbuckle, Board member
- 26SEC EDGARJames K. Sims, Board member
- 27SEC EDGARTimothy P. Herbst, Board member
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