Company Release – 10/28/2025

GBank Financial Holdings Inc. Announces Third Quarter 2025 Financial Results

LAS VEGAS, NV, October 28, 2025 -- GBank Financial Holdings Inc. (the “Company”) (NASDAQ: GBFH), the parent company of GBank (the “Bank”), today reported net income for the quarter ended September 30, 2025 of $4.3 million, or $0.30 per diluted share. The results for the third quarter of 2025 include unusual expenses totaling $2.0 million after-tax, or $0.14 per diluted share, primarily associated with executive severance expenses and costs incurred related to the discontinuation of a third-party credit card marketing campaign. For the nine months ended September 30, 2025, net income was $13.5 million, or $0.93 per diluted share, compared to $13.4 million, or $1.02 per diluted share, for the comparable nine-month period of 2024. The net income for the nine months ended September 30, 2025 also includes unusual expenses totaling $0.20 per diluted share as detailed below.

Third Quarter 2025 Financial Highlights (Unaudited)

Adjusted diluted earnings per share(1) was $0.44 for the quarter ended September 30, 2025 and $1.13 for the nine months ended September 30, 2025. Adjusted diluted earnings per share excludes certain unusual expenses presented in the table below.

Form S-1 and uplist costs of $23 thousand after-tax for the quarter ended September 30, 2025 and $834 thousand after-tax for the nine months ended September 30, 2025 consist of the non-recurring legal, professional, and audit fees associated with the preparation of filings made with the U.S. Securities and Exchange Commission ("SEC") for the registration of the Company's shares of common stock and listing on the Nasdaq Capital Market. CEO resignation costs of $695 thousand after-tax for the three and nine months ended September 30, 2025 include salaries, benefits, and stock compensation expenses associated with the resignation of the Company's CEO as previously reported on Form 8-K with the SEC on September 3, 2025. The Bank terminated an early generation third-party non-gaming credit card marketing agreement which resulted in credit card promotion, credit and fraud expenses totaling $1.3 million after-tax during the quarter. All the transactions associated with this program were non-gaming transactions.

(1) See Reconciliation of Non-GAAP Financial Measures

Edward M. Nigro, Chairman and CEO of the Company, stated, “The third quarter reflects our ability to grow our core revenues quarter over quarter – Credit Card Transactions up 57% - SBA Originations up 57% - SBA Gain on Sale up 39% - Non-Interest Income up 33% - Net-Interest Income up 5%. We also executed key management changes, terminated third-party out-of-market credit card cash promotions and expenses, and as of today we are live with our new digital credit card application process that provides the latest technology to prevent application and credit fraud. We are now ready to launch our influencers with the addition of Champ Mike Tyson. Further, we anticipate growing our brick-and-mortar casino slot market with the onboarding of the BoltBetz slot programs for Distill Taverns, Terribles Gaming, and a developing pipeline.”

Financial Results

Income Statement

Net interest income totaled $13.0 million for the third quarter of 2025, reflecting an increase of $610 thousand, or 4.9%, compared to $12.4 million for the second quarter of 2025, and an increase of $739 thousand, or 6.0%, compared to the third quarter of 2024.

The increase in net interest income when compared to the second quarter of 2025 was primarily driven by higher average balances of interest earning assets partially offset by volume-driven increases in deposit interest expense, as the growth in earning assets was primarily funded by interest bearing demand and certificates of deposit growth. The cost of interest-bearing liabilities continued to trend downward from 4.07% during the second quarter of 2025 to 4.02% for the quarter ended September 30, 2025.

The increase in net interest income during the third quarter of 2025 when compared to the third quarter of 2024 was primarily volume driven, as higher interest income from growth in average loan and interest-bearing cash balances more than offset increases in interest expense resulting from higher average balances of interest-bearing deposits.

The yield on investment securities was 4.62% for the third quarter of 2025, compared to 4.73% for the second quarter of 2025 and 5.06% for the third quarter of 2024. The decrease in the yield when compared to the previous quarter and the same quarter of 2024 was the result of a reduction in yield on certain variable rate securities due to lower long-term interest rates.

The Company’s net interest margin for the third quarter of 2025 was 4.35%, compared to 4.31% for the second quarter of 2025 and 5.00% for the third quarter of 2024. The increase in net interest margin during the third quarter of 2025 when compared to the previous quarter was attributable to both (i) slightly higher loan yields, and (ii) a favorable decrease in the cost of funds. The decrease in net interest margin when compared to the third quarter of 2024 is reflective of the 100 basis point decrease in the target federal funds rate during the second half of 2024 by the Federal Reserve.

The Company recorded a provision for credit losses on loans of $2.2 million for the third quarter of 2025, an increase of $1.1 million compared to $1.1 million during the second quarter of 2025, and an increase of $1.6 million when compared to the third quarter of 2024. The provision for credit losses on loans recorded in the third quarter of 2025 reflects quarterly organic growth in non-guaranteed loans of $58.7 million, $707 thousand of specific reserves assigned to credit card balances, and the replenishment of reserves to offset $836 thousand of net charge-offs during the period.

Non-interest income was $7.2 million for the third quarter of 2025, compared to $5.4 million for the second quarter of 2025, and $3.9 million for the third quarter of 2024. The $1.8 million increase in non-interest income during the third quarter of 2025 when compared to the second quarter of 2025 was primarily due to a $1.0 million increase in gain on loan sale revenue and an $871 thousand increase in net interchange fees. The $3.3 million increase in non-interest income during the third quarter of 2025 when compared to the third quarter of 2024 was driven by favorable increases across all categories of other income, including (i) an increase in credit card net interchange fees of $2.1 million as credit card transaction volume increased from $22 million during the nine months ended September 30, 2024 to $321 million for the same period in 2025, (ii) an increase in gain on sale of loans of $754 thousand , and (iii) a $196 thousand increase in loan servicing income.

Net revenue totaled $20.2 million for the third quarter of 2025, representing an increase of $2.4 million, or 13.5%, compared to $17.8 million for the second quarter of 2025. Net revenue for the third quarter of 2025 increased $4.0 million, or 24.8%, when compared to $16.2 million for the third quarter of 2024.

(1) See Reconciliation of Non-GAAP Financial Measures

Non-interest expense was $12.3 million during the third quarter of 2025, compared to $10.4 million for the second quarter of 2025 and $9.1 million for the third quarter of 2024. The quarter-over-quarter increase in non-interest expense was due to the previously mentioned unusual expenses incurred during the quarter of salaries and employee benefits expense and other expenses. The Company’s efficiency ratio was 61.1% for the third quarter of 2025, compared to 58.5% for the second quarter of 2025 and 56.0% for the third quarter of 2024.

Income tax expense was $1.3 million for the quarter ended September 30, 2025, compared to $1.5 million for the second quarter of 2025, and $1.5 million for the third quarter of 2024. The Company’s effective tax rate was 22.7% for the quarter ended September 30, 2025, compared to 19.1% for the quarter ended June 30, 2025, and 23.1% for the quarter ended September 30, 2024. The fluctuations in the effective tax rate are largely driven by the timing and volume of certain stock-based compensation transactions resulting in tax benefits to the Company, as well as the timing and volume of state tax adjustments.

Net income was $4.3 million for the third quarter of 2025, a decrease of $447 thousand from $4.8 million for the second quarter of 2025, and a decrease of $707 thousand from $5.0 million during the third quarter of 2024. Diluted earnings per share were $0.30 for the third quarter of 2025, compared to $0.33 for the second quarter of 2025 and $0.38 for the third quarter of 2024. Earnings per share and other share-based metrics have been impacted by the shares issued in the previously disclosed private placement of shares of common stock completed in October 2024.

The Company had 187 full-time equivalent employees as of September 30, 2025, compared to 188 full-time equivalent employees as of June 30, 2025, and 159 full-time equivalent employees as of September 30, 2024.

Balance Sheet

Total assets increased 5.6% to $1.3 billion as of September 30, 2025, from $1.2 billion as of June 30, 2025, and increased 24.2% from $1.0 billion as of September 30, 2024. The increase in total assets from June 30, 2025 was primarily driven by higher loan balances as well as an increase in other assets primarily due to a bank owned life insurance investment of $15 million during the third quarter of 2025. The increase in total assets from September 30, 2024 was primarily driven by increases in loans, interest bearing deposits with banks, investment securities, and all other assets. Total assets, including $970 million of sold loans for which servicing is retained, totaled $2.3 billion as of September 30, 2025.

Total loans, net of deferred fees and costs, were $940.6 million as of September 30, 2025, compared to $871.6 million as of June 30, 2025, and $781.0 million as of September 30, 2024. Loans, net of deferred fees and costs increased $69.0 million during the third quarter of 2025 primarily due to increases in commercial real estate, commercial and industrial, and consumer loans, primarily due to credit cards, and partially offset by decreases in construction, multifamily and residential loans. The increase in loans, net of deferred fees and costs, of $159.6 million from September 30, 2024, was primarily driven by increases of $145.8 million in commercial real estate loans. Total guaranteed loans as a percentage of loans(1) were 20.6% as of September 30, 2025, compared to 22.1% as of June 30, 2025, and 26.0% as of September 30, 2024.

The Company’s allowance for credit losses totaled $10.6 million as of September 30, 2025, compared to $9.2 million as of June 30, 2025, and $7.9 million as of September 30, 2024. The allowance for credit losses as a percentage of total loans was 1.12% as of September 30, 2025, compared to 1.06% as of June 30, 2025, and 1.02% as of September 30, 2024. The allowance for credit losses as a percentage of total loans, excluding guaranteed portions(1), was 1.42% as of September 30, 2025, compared to 1.36% as of June 30, 2025, and 1.37% as of September 30, 2024.

Deposits totaled $1.1 billion as of September 30, 2025, an increase of $59.7 million from $1.032 billion as of June 30, 2025, and an increase of $208.7 million from $883.5 million as of September 30, 2024. By deposit type, the increase from the prior quarter was driven by an increase of $82.3 million in certificates of deposit and a $6.5 million increase in interest bearing demand deposits. Noninterest-bearing deposits totaled $227.9 million as of September 30, 2025, a decrease of $992 thousand from $228.9 million as of June 30, 2025, and a decrease of $2.0 million from $229.9 million as of September 30, 2024.

The Company’s ratio of loans to deposits was 86.1% as of September 30, 2025, compared to 84.4% as of June 30, 2025, and 88.4% as of September 30, 2024.

The Company held no short-term borrowings as of September 30, 2025, June 30, 2025, or September 30, 2024. As of September 30, 2025, the Company had approximately $503.8 million in available borrowing capacity from the Federal Reserve Bank of San Francisco, the Federal Home Loan Bank of San Francisco, and through its various fed funds lines of credit with its correspondent banks.

Subordinated notes outstanding totaled $26.1 million as of September 30, 2025, June 30, 2025 and September 30, 2024.

(1) See Reconciliation of Non-GAAP Financial Measures

Stockholders’ equity was $158.2 million as of September 30, 2025, compared to $151.7 million as of June 30, 2025, and $116.4 million as of September 30, 2024. The increase in stockholders’ equity from June 30, 2025 is attributable to increases in retained earnings resulting from net income earned during the quarter. The increase in stockholders’ equity since September 30, 2024 was the result of the previously disclosed private placement of shares of common stock completed in October 2024 and net income earned over the previous twelve months.

The Company’s ratio of common equity to total assets was 12.2% as of September 30, 2025, compared to 12.3% as of June 30, 2025, and 11.1% as of September 30, 2024. The Bank’s Tier 1 leverage ratio was 13.7% as of September 30, 2025, compared to 13.8% as of June 30, 2025, and 13.1% as of September 30, 2024. The increase in the Bank’s Tier 1 leverage ratio since September 30, 2024 was impacted by the downstream of $15.0 million in additional capital from the Company to the Bank during the first quarter of 2025. The Company’s book value per share was $11.07 as of September 30, 2025, an increase of 4.1% from $10.63 as of June 30, 2025, and an increase of 24.3% from $8.91 as of September 30, 2024.

Asset Quality

The provision for credit losses for loans totaled $2.2 million for the third quarter of 2025, compared to $1.1 million for the second quarter of 2025 and $570 thousand for the third quarter of 2024. Net loan charge-offs in the third quarter of 2025 totaled $836 thousand, or 0.35% of average net loans (annualized), compared to net loan charge-offs of $870 thousand, or 0.38% of average net loans (annualized) in the second quarter of 2025 and $22 thousand of net loan recoveries, or 0.01% of average net loans (annualized) during the third quarter of 2024. Net loan charge-offs in the third quarter of 2025 were attributable to certain commercial real estate loans, commercial and industrial loans, and credit card relationships.

Nonaccrual loans increased $16.4 million during the quarter to $34.6 million as of September 30, 2025, and increased $29.2 million from $5.4 million as of September 30, 2024. The guaranteed portion of nonaccrual loans totaled $27.1 million as of June 30, 2025. Loans past due 90 days and accruing interest totaled $184 thousand as of September 30, 2025, compared to $146 thousand as of June 30, 2025, and $27 thousand as of September 30, 2024. The balance of loans past due 90 days and accruing of $184 thousand at September 30, 2025 was comprised entirely of credit card balances which are non-guaranteed.

The Company held $2.7 million of other real estate owned as of September 30, 2025. The Company held no other real estate owned as of June 30, 2025 or September 30, 2024.

Non-performing assets totaled $37.5 million as of September 30, 2025, an increase of $19.1 million from $18.4 million as of June 30, 2025, and an increase of $32.1 million from $5.4 million as of September 30, 2024. Non-performing assets, excluding guaranteed portions, totaled $10.4 million as of September 30, 2025, an increase of $5.8 million from $4.6 million as of June 30, 2025 and an increase of $8.8 million from $1.6 million as of September 30, 2024. The increase in non-performing assets during the third quarter of 2025 was the result of both (i) the transfer of $16.6 million of commercial real estate and commercial and industrial loans from accrual to nonaccrual status during the quarter, and (ii) $2.7 million of other real estate properties assumed during the quarter.

While the quarter over quarter percentage increase in non-performing assets seems significant when viewed alone, the financial risk is seen to be well contained with a reasonable non-performing asset risk ratio to total assets of 0.80% when removing the guaranteed portion of each non-performing asset. Further, it is important to consider the process we undertake when a collateralized SBA non-performing asset requires collection efforts. We repurchase the sold portion of the guaranteed loan to affect the foreclosure and resale of the property. This process immediately increases the non-performing asset balance on our balance sheet to include the guaranteed portion – thus the importance of always adjusting for the guaranteed portion of the non-performing assets as well as considering our “off balance sheet” assets consisting of the sold portion of SBA guaranteed loans of $970 million that increase our total assets under management to $2.3 billion.

Loans past due between 30 and 89 days and accruing interest totaled $3.6 million as of September 30, 2025, a decrease of $4.6 million from $8.2 million as of June 30, 2025, and a decrease of $8.8 million from $12.4 million as of September 30, 2024. The guaranteed portion of loans past due between 30 and 89 days and accruing interest was $2.4 million as of September 30, 2025.

The ratio of total non-performing assets to total assets was 2.88% as of September 30, 2025, compared to 1.49% as of June 30, 2025, and 0.52% as of September 30, 2024. The ratio of non-performing assets, excluding guaranteed portions, to total assets(1) was 0.80% as of September 30, 2025, compared to 0.37% as of June 30, 2025, and 0.15% as of September 30, 2024.

The Company continues to closely monitor credit quality in light of the ongoing economic uncertainty caused by, among other factors, continued uncertainty regarding U.S. trade and tariff policy and the lingering inflationary pressures, and the risk of the resurgence of elevated levels of inflation, in the United States and our market areas. Accordingly, additional provisions for credit losses may be necessary in future periods.

(1) See Reconciliation of Non-GAAP Financial Measures

Other Financial Highlights

SBA Lending and Commercial Banking

SBA lending and commercial banking loan originations totaled $242.1 million during the third quarter of 2025, including a record of $92 million in the month of September, compared to $160.5 million for the second quarter of 2025 and $156.4 million for the third quarter of 2024. Loan sale volume increased to $110.8 million during the third quarter of 2025, compared to $82.1 million for the second quarter of 2025, and $71.4 million for the third quarter of 2024. Gain on sale of loans increased 38.5% to $3.6 million, compared to $2.6 million for the second quarter of 2025, and increased 26.6% from $2.8 million for the third quarter of 2024. The average pretax gain on sale of loans margin was 3.24% for the third quarter of 2025, compared to 3.16% for the second quarter of 2025 and 3.98% for the third quarter of 2024.

Gaming FinTech

Our Gaming Payments Operations in the third quarter of 2025 focused upon redirecting all credit card marketing to our gaming consumers; concluding and subsequently terminating a third party non-gaming direct mail market agreement; onboarding BoltBetz with Distill and Terrible Gaming slots; enhancing our influencer marketing with the engagement of Champ Mike Tyson; and, concluding the development and launch of our digital credit card application platform with the most advanced KYC and fraud protections. This new application platform will enable our influencers to support the growth of GBank's credit card gaming customers.

Our initial efforts to “patch” the existing application platform were not successful and required that we halt applications when we were faced with identification fraud. This pause stopped the fraud applications but also resulted in limiting the growth in the number of gaming cardholders. Despite this, credit card transaction volumes increased almost 60% sequentially to more than $131 million during the third quarter of 2025.

The Prepaid Access/Slot program involving BoltBetz is continuing to make significant progress with Distill Taverns and Terribles Gaming onboarding over 2,500 slot machines. BoltBetz is in the final process of Gaming Laboratories International (“GLI”) testing by the Nevada Gaming Control Board. This is the final process required to launch which is now anticipated in November 2025.

The Pooled Player (“PPA™”) pipeline continues to develop new payments agreements with both the Prepaid Access accounts and virtual ATM providers which are expected to launch in the coming quarters following the receipt of final regulatory approvals.

Including BoltBetz, BankCard Services LLC (“BCS”) and GBank now have sixteen active payment and PPA™ and Pooled Consumer (“PCA™”) Program clients. Currently, BCS and GBank are conducting due diligence for five new clients, with anticipated onboarding in future quarters. Gaming FinTech deposits averaged $37.3 million for the third quarter of 2025, compared to $39.5 million for the second quarter of 2025. We anticipate deposit growth from BoltBetz Casino clients to commence in the second quarter of 2026.

(1) See Reconciliation of Non-GAAP Financial Measures

Earnings Call

The Company will host its third quarter 2025 earnings call on Wednesday October 29, 2025, at 10:00 a.m., PST. Interested parties can participate remotely via Internet connectivity. There will be no physical location for attendance.

Interested parties may join online, via the ZOOM app on their smartphones, or by telephone:

Joining by ZOOM Webinar (audio only):
 

Log in on your computer at

https://us02web.zoom.us/j/87313893095?pwd=YmbAmd09zQhXfDQHNSTFXM79DU8Vma.1

or use the ZOOM app on your smartphone.

Joining by Telephone

Dial (408) 638-0968. The conference ID is 873 1389 3095. Passcode: 468468.

About GBank Financial Holdings Inc.

GBank Financial Holdings Inc. is a bank holding company headquartered in Las Vegas, Nevada and is listed on the Nasdaq Capital Market under the symbol “GBFH.” Through our wholly owned bank subsidiary, GBank, we operate two full-service commercial branches in Las Vegas, Nevada to provide a broad range of business, commercial and retail banking products and services to small businesses, middle-market enterprises, public entities and affluent individuals in Nevada, California, Utah, and Arizona. Please visit www.gbankfinancialholdings.com for more information.

Non-GAAP Financial Measures

Some of the financial measures included in this press release are not measures of financial performance recognized in accordance with generally accepted accounting principles in the United States (“GAAP”). The Company believes these non-GAAP financial measures provide both management and investors a more complete understanding of the Company’s financial position and performance. These non-GAAP financial measures are supplemental and are not a substitute for any analysis based on GAAP financial measures.

We classify a financial measure as being a non-GAAP financial measure if that financial measure excludes or includes amounts, or is subject to adjustments that have the effect of excluding or including amounts, that are included or excluded, as the case may be, in the most directly comparable measure calculated and presented in accordance with GAAP as in effect from time to time in the United States in our statements of income, balance sheets or statements of cash flows. Not all companies use the same calculation of these measures; therefore, this presentation may not be comparable to other similarly titled measures as presented by other companies.

A reconciliation of non-GAAP financial measures to GAAP financial measures is provided at the end of this press release.

Available Information

The Company routinely posts important information for investors on its web site (under www.gbankfinancialholdings.com and, more specifically, under the News & Media tab at www.gbankfinancialholdings.com/press-releases). The Company intends to use its web site as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD (Fair Disclosure) promulgated by the U.S. Securities and Exchange Commission (the “SEC”). Accordingly, investors should monitor the Company’s web site, in addition to following the Company’s press releases, SEC filings, public conference calls, presentations and webcasts.

The information contained on, or that may be accessed through, the Company’s web site is not incorporated by reference into, and is not a part of, this document.

Notice Regarding Disclosures and Forward-Looking Statements

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended (“Securities Act”). This announcement is being issued in accordance with Rule 135 under the Securities Act.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company’s current views with respect to future events and the Company’s financial performance. Any statements about the Company’s expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as “anticipate,” “believes,” “can,” “could,” “may,” “predicts,” “potential,” “should,” “will,” “estimate,” “plans,” “projects,” “continuing,” “ongoing,” “expects,” “intends” and similar words or phrases. The Company cautions that the forward-looking statements in this press release are based largely on the Company’s expectations and are subject to a number of known and unknown risks and uncertainties that are subject to change based on factors which are, in many instances, beyond the Company’s control. Factors that could cause such changes include, but are not limited to, (i) the impact on us and our customers of a decline in general economic conditions and any regulatory responses thereto; (ii) potential recession in the United States and our market areas; (iii) the impacts related to or resulting from uncertainty in the banking industry as a whole; (iv) increased competition for deposits in our market areas and related changes in deposit customer behavior; (v) the impact of changes in market interest rates, whether due to a continuation of the elevated interest rate environment or further reductions in interest rates and a resulting decline in net interest income; (vi) the lingering inflationary pressures, and the risk of the resurgence of elevated levels of inflation, in the United States and our market areas; (vii) the uncertain impacts of ongoing quantitative tightening and current and future monetary policies of the Board of Governors of the Federal Reserve System; (viii) changes in unemployment rates in the United States and our market areas; (ix) adverse changes in customer spending and savings habits; (x) declines in commercial real estate values and prices; (xi) a deterioration of the credit rating for U.S. long-term sovereign debt or uncertainty regarding United States fiscal debt, deficit and budget matters; (xii) cyber incidents or other failures, disruptions or breaches of our operational or security systems or infrastructure, or those of our third-party vendors or other service providers, including as a result of cyber-attacks; (xiii) severe weather, natural disasters, acts of war or terrorism, geopolitical instability or other external events, including as a result of the policies of the current U.S. presidential administration or Congress; (xiv) the impacts of tariffs, sanctions and other trade policies of the United States and its global trading counterparts and the resulting impact on the Company and its customers; (xv) competition and market expansion opportunities; (xvi) changes in non-interest expenditures or in the anticipated benefits of such expenditures; (xvii) the risks related to the development, implementation, use and management of emerging technologies, including artificial intelligence and machine learnings; (xviii) potential costs related to the impacts of climate change; (xix) current or future litigation, regulatory examinations or other legal and/or regulatory actions; and (xx) changes in applicable laws and regulations. Additional information regarding these risks and uncertainties to which the Company’s business and future financial performance are subject is contained in the Company’s most recent filings with SEC, including the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of such documents, and other documents the Company files or furnishes with the SEC from time to time, which are available on the SEC’s website, www.sec.gov. Actual results, performance or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements due to additional risks and uncertainties of which the Company is not currently aware or which it does not currently view as, but in the future may become, material to its business or operating results. Due to these and other possible uncertainties and risks, the Company can give no assurance that the results contemplated in the forward-looking statements will be realized and readers are cautioned not to place undue reliance on the forward-looking statements contained in this press release. Any forward-looking statements presented herein are made only as of the date of this press release, and the Company does not undertake any obligation to update or revise any forward-looking statements to reflect changes in assumptions, new information, the occurrence of unanticipated events, or otherwise, except as required by applicable law. All forward-looking statements, express or implied, included in the press release are qualified in their entirety by this cautionary statement.

For Further Information, Contact:

GBank Financial Holdings Inc.

Edward Nigro

Executive Chairman and CEO

702-851-4200

enigro@g.bank

GBank Financial Holdings Inc.

Condensed Consolidated Balance Sheets

(Unaudited)

GBank Financial Holdings Inc.

Condensed Consolidated Income Statements

(Unaudited)