GBank Financial Holdings Inc. Announces Quarterly Operating Earnings
LAS VEGAS, April 22, 2022 /PRNewswire/ -- GBank Financial Holdings Inc. ("GBank" or the "Company") (OTCQX: GBFH), the parent company for Bank of George (the "Bank"), today reported year-to-date and quarterly earnings of $3.2 million, or $0.25 per diluted share.
- LAS VEGAS, April 22, 2022 /PRNewswire/ -- GBank Financial Holdings Inc. ("GBank" or the "Company") (OTCQX: GBFH), the parent company for Bank of George (the "Bank"), today reported year-to-date and quarterly earnings of $3.2 million, or $0.25 per diluted share.
- First Quarter Financial Highlights(for the year-over-year and linked quarterly periods ending March 31, 2022)
Year-to-date net income increased 216% to $3.2 million, compared to $1.0 million for the same period in 2021. - Edward M. Nigro, GBank Executive Chairman, stated "This record first quarter earnings, combined with anticipated FOMC rate increases, reinforce our expectations for continued strong growth in 2022."
- Operating lease right-of-use assets are included within All Other Assets and the Bank's operating lease liability is included within Accrued Interest Payable and Other.