GBank Financial Holdings Inc. Announces Fourth Quarter 2023 Financial Results
Average pretax gain on sale of loans margin decreased to 3.18% during the fourth quarter, compared to 3.36% for the prior quarter and 3.51% for the same period of 2022.
- Average pretax gain on sale of loans margin decreased to 3.18% during the fourth quarter, compared to 3.36% for the prior quarter and 3.51% for the same period of 2022.
- For the quarter ended December 31, 2023, the Bank's Tier 1 leverage ratio was 14.06%, compared to 15.08% for the quarter ended December 31, 2022.
- For the quarter ended December 31, 2023, net interest income increased 8% to $10.4 million, compared to $9.6 million for the prior quarter.
- Net charge-offs during the third quarter of 2023 related to the other real estate owned properties held at September 30, 2023.