GBank Financial (GBFH)
Market Price (10/31/2026): $15.11 | Market Cap: $219.4 MilSector: Financials | Industry: Regional Banks
GBank Financial (GBFH)
Market Price (10/31/2026): $15.11Market Cap: $219.4 MilSector: FinancialsIndustry: Regional Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.4%, FCF Yield is 14% Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -101% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 40%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 39% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -52% Low stock price volatilityVol 12M is 49% Megatrend and thematic driversMegatrends include Fintech & Digital Payments, and AI in Financial Services. Themes include Online Banking & Lending, Digital Payments, Show more. | Weak multi-year price returns2Y Excs Rtn is -81%, 3Y Excs Rtn is -73% Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.62 | Key risksGBFH key risks include [1] its significant exposure to commercial real estate in a weakening Las Vegas economy, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.4%, FCF Yield is 14% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -101% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 40%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 39% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -52% |
| Low stock price volatilityVol 12M is 49% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments, and AI in Financial Services. Themes include Online Banking & Lending, Digital Payments, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -81%, 3Y Excs Rtn is -73% |
| Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.62 |
| Key risksGBFH key risks include [1] its significant exposure to commercial real estate in a weakening Las Vegas economy, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Updated on 10/29/2026
GBank Financial (GBFH) stock has lost about 50% since 6/30/2026 because of the following key factors:
1. GBank Financial reported a significant earnings and revenue miss for fiscal Q3 2026. The company posted adjusted diluted earnings per share (EPS) of $0.30, substantially below the consensus estimate of $0.43, and revenue of $20.34 million, which missed analysts' expectations of $22.80 million. This marked the third consecutive fiscal quarter in 2026 where the company missed EPS estimates.
2. Non-interest income experienced a sharp decline due to external factors affecting a key business segment. Non-interest income fell by $2.4 million from $9.1 million in fiscal Q2 2026 to $6.7 million in fiscal Q3 2026. This decrease was primarily driven by a $1.5 million reduction in net interchange fees after several online sports betting operators decided to no longer accept credit cards as a funding source.
Show more
GBank Financial (GBFH) stock has lost about 50% since 6/30/2026 because of the following key factors:
1. GBank Financial reported a significant earnings and revenue miss for fiscal Q3 2026. The company posted adjusted diluted earnings per share (EPS) of $0.30, substantially below the consensus estimate of $0.43, and revenue of $20.34 million, which missed analysts' expectations of $22.80 million. This marked the third consecutive fiscal quarter in 2026 where the company missed EPS estimates.
2. Non-interest income experienced a sharp decline due to external factors affecting a key business segment. Non-interest income fell by $2.4 million from $9.1 million in fiscal Q2 2026 to $6.7 million in fiscal Q3 2026. This decrease was primarily driven by a $1.5 million reduction in net interchange fees after several online sports betting operators decided to no longer accept credit cards as a funding source.
Show more
Updated on 10/29/2026
GBank Financial (GBFH) stock has lost about 50% since 6/30/2026 because of the following key factors:
1. GBank Financial reported a significant earnings and revenue miss for fiscal Q3 2026. The company posted adjusted diluted earnings per share (EPS) of $0.30, substantially below the consensus estimate of $0.43, and revenue of $20.34 million, which missed analysts' expectations of $22.80 million. This marked the third consecutive fiscal quarter in 2026 where the company missed EPS estimates.
2. Non-interest income experienced a sharp decline due to external factors affecting a key business segment. Non-interest income fell by $2.4 million from $9.1 million in fiscal Q2 2026 to $6.7 million in fiscal Q3 2026. This decrease was primarily driven by a $1.5 million reduction in net interchange fees after several online sports betting operators decided to no longer accept credit cards as a funding source.
3. Elevated credit loss provisions and non-performing assets raised concerns about asset quality. The provision for credit losses was reported at $2.6 million in fiscal Q3 2026. Concurrently, the allowance for credit losses as a percentage of total loans increased to 1.30% in fiscal Q3 2026, up from 1.19% at the end of fiscal Q2 2026. Non-performing assets (NPAs) remained elevated, totaling $54.2 million, or 3.72% of total assets, as of September 30, 2026.
4. Delays in the rollout of the gaming payments business led to a reassessment of growth prospects and analyst downgrades. The "substantial premium" in GBank Financial's stock, partly attributed to expectations for rapid adoption and profitability from its gaming and fintech vertical, faced a reset. The Lucky Loads prepaid card, a key component of this business, is now anticipated to launch in fiscal Q2 2027, later than initially expected. This delay contributed to Brean Capital downgrading the stock to Neutral from Buy and significantly reducing its price target from $26 to $15.
Show less
GBank Financial (GBFH) stock has lost about 50% since 6/30/2026 because of the following key factors:
1. GBank Financial reported a significant earnings and revenue miss for fiscal Q3 2026. The company posted adjusted diluted earnings per share (EPS) of $0.30, substantially below the consensus estimate of $0.43, and revenue of $20.34 million, which missed analysts' expectations of $22.80 million. This marked the third consecutive fiscal quarter in 2026 where the company missed EPS estimates.
2. Non-interest income experienced a sharp decline due to external factors affecting a key business segment. Non-interest income fell by $2.4 million from $9.1 million in fiscal Q2 2026 to $6.7 million in fiscal Q3 2026. This decrease was primarily driven by a $1.5 million reduction in net interchange fees after several online sports betting operators decided to no longer accept credit cards as a funding source.
3. Elevated credit loss provisions and non-performing assets raised concerns about asset quality. The provision for credit losses was reported at $2.6 million in fiscal Q3 2026. Concurrently, the allowance for credit losses as a percentage of total loans increased to 1.30% in fiscal Q3 2026, up from 1.19% at the end of fiscal Q2 2026. Non-performing assets (NPAs) remained elevated, totaling $54.2 million, or 3.72% of total assets, as of September 30, 2026.
4. Delays in the rollout of the gaming payments business led to a reassessment of growth prospects and analyst downgrades. The "substantial premium" in GBank Financial's stock, partly attributed to expectations for rapid adoption and profitability from its gaming and fintech vertical, faced a reset. The Lucky Loads prepaid card, a key component of this business, is now anticipated to launch in fiscal Q2 2027, later than initially expected. This delay contributed to Brean Capital downgrading the stock to Neutral from Buy and significantly reducing its price target from $26 to $15.
Show less
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Stock Movement Drivers
Fundamental Drivers
The -50.0% change in GBFH stock from 6/30/2026 to 10/30/2026 was primarily driven by a -51.7% change in the company's P/E Multiple.| (LTM values as of) | 6302026 | 10302026 | Change |
|---|---|---|---|
| Stock Price ($) | 30.31 | 15.16 | -50.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 76 | 80 | 4.7% |
| Net Income Margin (%) | 23.3% | 23.2% | -0.7% |
| P/E Multiple | 24.6 | 11.9 | -51.7% |
| Shares Outstanding (Mil) | 14 | 14 | -0.4% |
| Cumulative Contribution | -50.0% |
Market Drivers
6/30/2026 to 10/30/2026| Return | Correlation | |
|---|---|---|
| GBFH | -50.0% | |
| Market (SPY) | 1.2% | -11.3% |
| Sector (XLF) | 5.4% | 10.9% |
Fundamental Drivers
The -43.3% change in GBFH stock from 3/31/2026 to 10/30/2026 was primarily driven by a -35.4% change in the company's P/E Multiple.| (LTM values as of) | 3312026 | 10302026 | Change |
|---|---|---|---|
| Stock Price ($) | 26.76 | 15.16 | -43.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 74 | 80 | 7.8% |
| Net Income Margin (%) | 28.3% | 23.2% | -18.1% |
| P/E Multiple | 18.4 | 11.9 | -35.4% |
| Shares Outstanding (Mil) | 14 | 14 | -0.8% |
| Cumulative Contribution | -43.3% |
Market Drivers
3/31/2026 to 10/30/2026| Return | Correlation | |
|---|---|---|
| GBFH | -43.3% | |
| Market (SPY) | 16.5% | -0.7% |
| Sector (XLF) | 14.9% | 20.9% |
Fundamental Drivers
The -61.4% change in GBFH stock from 9/30/2025 to 10/30/2026 was primarily driven by a -58.7% change in the company's P/E Multiple.| (LTM values as of) | 9302025 | 10302026 | Change |
|---|---|---|---|
| Stock Price ($) | 39.27 | 15.16 | -61.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 67 | 80 | 18.6% |
| Net Income Margin (%) | 29.0% | 23.2% | -20.0% |
| P/E Multiple | 28.8 | 11.9 | -58.7% |
| Shares Outstanding (Mil) | 14 | 14 | -1.4% |
| Cumulative Contribution | -61.4% |
Market Drivers
9/30/2025 to 10/30/2026| Return | Correlation | |
|---|---|---|
| GBFH | -61.4% | |
| Market (SPY) | 14.4% | 10.3% |
| Sector (XLF) | 6.2% | 26.3% |
Fundamental Drivers
The 18.0% change in GBFH stock from 9/30/2023 to 10/30/2026 was primarily driven by a 75.1% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 9302023 | 10302026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.85 | 15.16 | 18.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 46 | 80 | 75.1% |
| Net Income Margin (%) | 25.3% | 23.2% | -8.4% |
| P/E Multiple | 14.2 | 11.9 | -16.6% |
| Shares Outstanding (Mil) | 13 | 14 | -11.8% |
| Cumulative Contribution | 18.0% |
Market Drivers
9/30/2023 to 10/30/2026| Return | Correlation | |
|---|---|---|
| GBFH | 18.0% | |
| Market (SPY) | 82.9% | 15.6% |
| Sector (XLF) | 77.8% | 22.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| GBFH Return | 13% | 5% | 31% | 206% | -21% | -55% | 68% |
| Peers Return | 100% | -42% | 40% | 11% | 11% | 5% | 111% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 106% |
Monthly Win Rates [3] | |||||||
| GBFH Win Rate | 45% | 50% | 58% | 75% | 42% | 30% | |
| Peers Win Rate | 68% | 40% | 55% | 50% | 55% | 46% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| GBFH Max Drawdown | - | -23% | -13% | -12% | -30% | -56% | |
| Peers Max Drawdown | -21% | -51% | -51% | -25% | -31% | -23% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: WAL, AX, LOB, CUBI, GBCI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/30/2026 (YTD)
How Low Can It Go
| Event | GBFH | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -23.3% | -18.8% |
| % Gain to Breakeven | 30.4% | 23.1% |
| Time to Breakeven | 15 days | 79 days |
In The Past
GBank Financial's stock fell -23.3% during the 2025 US Tariff Shock. Such a loss loss requires a 30.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | GBFH | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -23.3% | -18.8% |
| % Gain to Breakeven | 30.4% | 23.1% |
| Time to Breakeven | 15 days | 79 days |
In The Past
GBank Financial's stock fell -23.3% during the 2025 US Tariff Shock. Such a loss loss requires a 30.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About GBank Financial (GBFH)
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- Commercial Lending: Provides various loan products to businesses for operating capital, equipment purchases, and expansion needs.
- Commercial Real Estate Lending: Offers financing for the acquisition, development, and refinancing of commercial properties.
- Small Business Administration (SBA) Loans: Facilitates government-guaranteed loans designed to support the growth and development of small businesses.
- Deposit Accounts: Manages a range of checking, savings, money market, and certificate of deposit accounts for individuals and businesses.
- Treasury Management Services: Delivers solutions to businesses for optimizing cash flow, managing payments, and mitigating financial risks.
AI Analysis | Feedback
GBank Financial (symbol: GBFH) is a bank holding company that primarily serves individuals and businesses rather than selling to a few major corporate customers. Its customer base can be categorized as follows:
- Individual (Retail) Customers: These include consumers who utilize a range of banking products and services such as checking accounts, savings accounts, money market accounts, certificates of deposit (CDs), residential mortgages, home equity lines of credit (HELOCs), and personal loans.
- Small to Medium-sized Business (SMB) Customers: GBank Financial serves local and regional businesses, providing commercial loans, lines of credit, commercial real estate loans, treasury management services, and business checking and savings accounts.
- Commercial Real Estate Developers and Investors: A significant portion of the bank's lending activities is often directed towards clients involved in commercial real estate development and investment, including construction loans and permanent financing for various property types.
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Here is the management team for GBank Financial (symbol: GBFH):
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The key risks for GBank Financial (symbol: GBFH) are primarily related to its credit quality, concentration in specific markets and loan types, and the inherent regulatory environment of the banking industry.
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Credit Risk and Asset Quality
GBank Financial faces significant credit risk, evidenced by a high level of bad loans and an insufficient allowance for potential losses. The company has been noted to have a "high level of bad loans (3.4%)" and "insufficient allowance for bad loans," which stand at 3.4% of total loans. Furthermore, the ratio of total non-performing assets to total assets increased substantially from 0.52% in September 2024 to 2.88% in September 2025, indicating a deteriorating trend in asset quality.
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Concentration Risk (Geographic and Loan Type)
The company's business operations are heavily concentrated both geographically and by loan type. GBank's primary business and market for deposit customers are concentrated in the Las Vegas, Nevada area. A substantial portion of its revenue, specifically 65.5%, is derived from interest on commercial real estate loans. This concentration means that adverse economic conditions in the Las Vegas region or a downturn in the commercial real estate market could disproportionately affect GBank Financial's financial performance.
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Regulatory Risk
As a bank holding company, GBank Financial Holdings Inc. is subject to extensive supervision and regulation. It falls under the oversight of the Board of Governors of the Federal Reserve System (FRB) and, as a state-chartered bank, is primarily regulated by the Department of Financial Services of the State of Nevada. The company is required to file various reports and information with the FRB regarding its business operations. Changes in banking laws, regulations, or regulatory policies, or the failure to comply with existing regulations, could have a material adverse effect on GBank Financial's operations and financial condition.
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GBank Financial (symbol: GBFH) operates in several key markets with distinct addressable market sizes:
Traditional Banking Services (Commercial and Consumer)
- Nevada: The Commercial Banking industry in Nevada is projected to have a market size of approximately $8.4 billion in 2026.
- Arizona: The Commercial Banking industry in Arizona is estimated to reach a market size of $21.4 billion in 2026.
- Utah: While a specific total market size for commercial banking in Utah was not readily available, the financial services sector in Utah is significant, with over 84,000 employees. Utah-chartered industrial banks held $140.6 billion in assets at year-end 2019.
- California: Specific addressable market sizes for commercial and consumer banking in California for GBank's operations were not explicitly available in the search results.
Government Guaranteed Lending (SBA and USDA Loans)
- United States: The U.S. small business loan market, which includes SBA loans, was valued at $245.39 billion in 2023 and is projected to grow to $349.64 billion by 2033, with a compound annual growth rate (CAGR) of 3.4% from 2024 to 2033. In fiscal year 2024, the Small Business Administration (SBA) provided $37.8 billion in 7(a) and 504 funding. The USDA Business & Industry (B&I) Guaranteed Loan Program supports an average of 400 new loans and over $1 billion in obligated loan amounts each year across the United States.
Gaming FinTech
- North America (FinTech): The North America FinTech market had a market size of approximately $100.56 billion in 2024 and is projected to grow at a CAGR of 17.4% from 2024 to 2031. North America held the largest share of the global FinTech market in 2025.
- Global (Gaming Industry): The global video game industry generated $219 billion in revenue in 2024 and is forecast to grow at 4% annually through 2028. The global gaming industry revenue is projected to reach $266 billion by 2028. A subset, the global blockchain in gaming market, was estimated at $13.0 billion in 2024 and is projected to reach $301.53 billion by 2030, growing at a CAGR of 69.4% from 2025 to 2030.
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Here are 3-5 expected drivers of future revenue growth for GBank Financial (GBFH) over the next 2-3 years:
- Expansion of Credit Card Program and New Offerings: GBank Financial experienced substantial growth in credit card interchange revenue, with a doubling from $1 million in Q4 2024 to $2 million in Q1 2025. The company plans to resume expansion of its credit card offerings, including the launch of a secured card, in the second half of 2025, following a temporary pause for the finalization of a new in-house application. This strategy is expected to contribute significantly to non-interest income.
- Increased SBA Loan Originations and Improved Gain-on-Sale Income: GBank Financial achieved a record year for Small Business Administration (SBA) loan production in 2025 and anticipates continued strong year-over-year growth with a robust pipeline. The company has also implemented changes to its incentivization program, which is expected to further improve the gain-on-sale income from SBA loans, projecting it to trend above 4% in 2026.
- Growth in Gaming and Fintech Investments: GBank Financial's management has explicitly stated that future revenue growth will be driven by its Gaming and Fintech investments. This includes their cashless, mobile commerce solutions for the gaming, lottery, and sports betting sectors. The company holds a significant ownership stake in BankCard Services (BCS), which facilitates pooled player accounts for gaming operators, with all associated transactions processed through GBank.
- Overall Balance Sheet Expansion and Net Interest Income Growth: GBank Financial has demonstrated a growing balance sheet, leading to an increase in net interest income. Analysts forecast the company to grow earnings and revenue by 42.4% and 22.2% per annum, respectively, over the next few years, partly due to the expansion of its core banking operations.
- Strategic Expansion in Deposits and Lending: GBank Financial is strategically expanding its core operations, including deposit inflows and loan originations. This focus on scaling core banking activities and fee-based services is a key driver for sustained profitability and revenue growth, with analysts projecting revenue to rebound to $96 million in 2026 and $114 million in 2027.
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Share Issuance
- In October 2024, GBank Financial Holdings Inc. completed a private placement of common stock, raising approximately $19.2 million in net proceeds.
- As part of a Securities Exchange Agreement in June 2024, the company issued 231,508 shares of non-voting common stock to BankCard Services, LLC, which represented a 1.71% ownership interest in GBank Financial Holdings Inc. at the time of closing.
Inbound Investments
- GBank Financial Holdings Inc. received approximately $19.2 million in net proceeds from a $20 million private placement of common stock completed in October 2024.
- In June 2024, BankCard Services, LLC received 231,508 shares of non-voting common stock in GBank Financial Holdings Inc. as part of a strategic Securities Exchange Agreement, representing a 1.71% ownership interest.
Outbound Investments
- GBank Financial Holdings Inc. acquired a 32.99% ownership interest in BankCard Services, LLC (BCS) in June 2024, by receiving 143,371 shares of non-voting common shares in BCS.
Capital Expenditures
- GBank Financial Holdings Inc. has reported minimal capital expenditures per share, with the LTM (Latest Twelve Months) Capex per Share recorded as $0.0 as of a report covering the period from 2021 to 2025.
- The company's annual free cash flow for fiscal year 2025 was $0.00, which aligns with very low capital expenditure levels typical for a financial holding company.
Peer Outperformance in Regional Banks
GBFH has trailed 55% of its 260 Regional Banks peers over 5Y. Among the peers that beat it are FCNCA and AX. Regional Banks ranks 8th of 18 industries in Financials by median 5Y return.
Share of Regional Banks constituents that GBFH has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
0%
of 282 industry peers · -59.2% return
3Y
4%
of 272 industry peers · 9.1% return
5Y
45%
of 260 industry peers · 45.8% return
Regional Banks peers with revenue growth within 4pp of GBFH's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| GBFH | GBank Financial | 21.0% | 11.9x | -59.2% | 9.1% | 45.8% | — |
| FCNCA | First Citizens BancShares | 18.0% | 11.5x | 32.8% | 72.4% | 194.2% | +148pp |
| AX | Axos Financial | 18.0% | 10.5x | 13.9% | 150.8% | 70.5% | +25pp |
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Financials sector, ranked by 5Y. Regional Banks is GBFH's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Reinsurance | 6 | 35.1% | 68.9% | 123.0% | SPNT 175% · RGA 148% · RNR 148% |
| Investment Banking & Brokerage | 13 | -5.3% | 94.9% | 91.9% | IBKR 346% · SNEX 158% · GS 144% |
| Diversified Banks | 12 | 30.4% | 154.4% | 91.6% | CM 143% · RY 132% · JPM 125% |
| Life & Health Insurance | 20 | 16.2% | 53.5% | 82.5% | JXN 532% · UNM 314% · MFC 190% |
| Multi-line Insurance | 9 | 8.1% | 68.3% | 64.8% | GNW 114% · L 102% · AIZ 97% |
| Property & Casualty Insurance | 42 | 19.1% | 73.0% | 64.1% | PGR 172% · TRV 171% · ACGL 167% |
| Multi-Sector Holdings | 3 | 8.3% | 57.8% | 55.1% | BRK-B 89% · VOYA 55% · JEF 32% |
| Regional Banks ← | 261 | 32.6% | 98.8% | 53.2% | CBC 254% · FCNCA 194% · NIC 148% |
| Financial Exchanges & Data | 15 | 18.5% | 44.0% | 27.9% | CBOE 172% · VIRT 158% · CME 70% |
| Insurance Brokers | 15 | 3.7% | 11.4% | 19.5% | LIFE 405% · ARX 89% · AJG 73% |
| Asset Management & Custody Banks | 85 | -7.9% | 23.8% | 6.7% | WT 249% · VCTR 241% · AAMI 200% |
| Consumer Finance | 30 | 7.9% | 70.4% | 4.2% | ENVA 437% · FCFS 118% · AXP 95% |
| Diversified Financial Services | 4 | -2.0% | 21.7% | 3.9% | FRHC 180% · EQH 83% |
| Commercial & Residential Mortgage Finance | 14 | -51.6% | 25.3% | -1.7% | FNMA 449% · FMCC 399% · ACT 157% |
| Specialized Finance | 3 | 2.8% | 37.8% | -21.1% | HASI -21% · CACC -22% |
| Transaction & Payment Processing Services | 17 | 12.5% | 11.3% | -28.8% | V 103% · MA 96% · CPAY 62% |
| Mortgage REITs | 34 | -18.7% | -5.2% | -35.9% | RITM 36% · DX 19% · AGNC 10% |
| Diversified Capital Markets | 20 | -53.1% | 5.4% | -63.3% | LPLA 77% · TW 40% · RIOT -53% |
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Is GBank Financial Stock Built to Withstand a Pullback? | 10/17/2025 | |
| GBank Financial (GBFH) Operating Cash Flow Comparison | 02/17/2025 | |
| GBank Financial (GBFH) Net Income Comparison | 02/15/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 62.42 |
| Mkt Cap | 4.0 |
| Rev LTM | 1,035 |
| Op Inc LTM | - |
| FCF LTM | 233 |
| FCF 3Y Avg | 172 |
| CFO LTM | 317 |
| CFO 3Y Avg | 267 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 19.5% |
| Rev Chg 3Y Avg | 15.7% |
| Rev Chg Q | 18.3% |
| QoQ Delta Rev Chg LTM | 4.1% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 39.1% |
| CFO/Rev 3Y Avg | 35.3% |
| FCF/Rev LTM | 30.2% |
| FCF/Rev 3Y Avg | 23.3% |
Price Behavior
Price Behavior
| Market Price | $15.16 | |
| Market Cap ($ Bil) | 0.2 | |
| First Trading Date | 02/18/2021 | |
| Distance from 52W High | -59.9% | |
| 50 Days | 200 Days | |
| DMA Price | $18.61 | $26.41 |
| DMA Trend | down | down |
| Distance from DMA | -18.5% | -42.6% |
| 3M | 1YR | |
| Volatility | 37.5% | 48.8% |
| Downside Capture | 134.04 | 116.56 |
| Upside Capture | -1.22 | 3.30 |
| Correlation (S&P 500) | 7.8% | 8.7% |
GBFH Betas & Captures as of 9/30/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.84 | 0.78 | -1.03 | -0.12 | 0.37 | 0.47 |
| Up Beta | -1.25 | 1.12 | -4.00 | -0.85 | -0.30 | 0.29 |
| Down Beta | -0.50 | -0.28 | 0.36 | -0.33 | 0.51 | 0.60 |
| Up Capture | 76% | 28% | -133% | -22% | 1% | 23% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 8 | 15 | 27 | 60 | 121 | 353 |
| Down Capture | 214% | 167% | 120% | 82% | 107% | 77% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 13 | 25 | 35 | 63 | 128 | 335 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GBFH | |
|---|---|---|---|---|
| GBFH | -60.4% | 48.8% | -1.71 | - |
| Sector ETF (XLF) | 9.8% | 14.4% | 0.41 | 24.4% |
| Equity (SPY) | 10.9% | 12.8% | 0.52 | 8.6% |
| Gold (GLD) | -2.0% | 28.6% | -0.08 | -3.8% |
| Commodities (DBC) | 48.2% | 20.6% | 1.79 | -17.4% |
| Real Estate (VNQ) | 10.2% | 13.7% | 0.45 | 28.1% |
| Bitcoin (BTCUSD) | -30.3% | 43.5% | -0.71 | 3.7% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GBFH | |
|---|---|---|---|---|
| GBFH | 19.0% | 44.2% | 0.65 | - |
| Sector ETF (XLF) | 8.6% | 18.3% | 0.33 | 18.7% |
| Equity (SPY) | 12.2% | 17.1% | 0.53 | 11.5% |
| Gold (GLD) | 16.2% | 19.0% | 0.68 | -3.8% |
| Commodities (DBC) | 9.2% | 19.5% | 0.35 | -2.9% |
| Real Estate (VNQ) | 0.9% | 18.9% | -0.06 | 10.0% |
| Bitcoin (BTCUSD) | 4.8% | 51.6% | 0.28 | 6.1% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GBFH | |
|---|---|---|---|---|
| GBFH | 10.7% | 45.9% | 0.70 | - |
| Sector ETF (XLF) | 13.2% | 22.1% | 0.54 | 17.2% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 10.3% |
| Gold (GLD) | 11.4% | 16.5% | 0.56 | -3.6% |
| Commodities (DBC) | 8.2% | 18.1% | 0.37 | -2.0% |
| Real Estate (VNQ) | 5.3% | 20.7% | 0.21 | 8.8% |
| Bitcoin (BTCUSD) | 61.7% | 66.2% | 1.01 | 7.9% |
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Returns Analyses
Earnings Returns History
Updated 10/22/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/29/2026 | -30.0% | -32.1% | -32.3% |
| 4/29/2026 | 4.6% | 3.1% | 5.8% |
| 1/28/2026 | 0.7% | -2.7% | -5.9% |
| 10/29/2025 | -0.9% | -9.2% | -12.0% |
| 7/28/2025 | -12.1% | -13.9% | -5.6% |
| 5/1/2025 | 3.8% | -0.2% | -7.1% |
| SUMMARY STATS | |||
| # Positive | 3 | 1 | 1 |
| # Negative | 3 | 5 | 5 |
| Median Positive | 3.8% | 3.1% | 5.8% |
| Median Negative | -12.1% | -9.2% | -7.1% |
| Max Positive | 4.6% | 3.1% | 5.8% |
| Max Negative | -30.0% | -32.1% | -32.3% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/29/2026 | -30.0% | -32.1% | -32.3% |
| 4/29/2026 | 4.6% | 3.1% | 5.8% |
| 1/28/2026 | 0.7% | -2.7% | -5.9% |
| 10/29/2025 | -0.9% | -9.2% | -12.0% |
| 7/28/2025 | -12.1% | -13.9% | -5.6% |
| 5/1/2025 | 3.8% | -0.2% | -7.1% |
| SUMMARY STATS | |||
| # Positive | 3 | 1 | 1 |
| # Negative | 3 | 5 | 5 |
| Median Positive | 3.8% | 3.1% | 5.8% |
| Median Negative | -12.1% | -9.2% | -7.1% |
| Max Positive | 4.6% | 3.1% | 5.8% |
| Max Negative | -30.0% | -32.1% | -32.3% |
Recent Forward Guidance
Updated 10/26/2026Latest: Q2 2026 Earnings Reported 7/29/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 Quarterly Transaction Volume | Reported | 45.00 Mil | 47.50 Mil | 50.00 Mil | ||||
Prior: Q1 2026 Earnings Reported 4/29/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Gain on loan sales revenues | Reported | |||||||
Insider Activity
Updated 10/13/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Voinovich, Michael C | Direct | Buy | 9102026 | 20.00 | 2,500 | 50,000 | 1,711,180 | Form | |
| 2 | Griege, Charles William JR | Blue Lion Opportunity Master Fund, LP | Buy | 8072026 | 21.03 | 25,000 | 525,675 | 8,269,688 | Form | |
| 3 | Nigro, Todd Anthony | SECRETARY | Evol Capital Holdings, LLC | Buy | 8052026 | 21.07 | 5,000 | 105,350 | 6,036,429 | Form |
| 4 | Nigro, Edward Michael | CEO and Executive Chairman | 1990 Sovereign Holdings, LLC | Buy | 8052026 | 21.51 | 9,200 | 197,852 | 13,523,429 | Form |
| 5 | Herbst, Timothy P | revocable grantor trust | Buy | 8052026 | 21.50 | 10,000 | 214,971 | 7,032,260 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Voinovich, Michael C | Direct | Buy | 9102026 | 20.00 | 2,500 | 50,000 | 1,711,180 | Form | |
| 2 | Griege, Charles William JR | Blue Lion Opportunity Master Fund, LP | Buy | 8072026 | 21.03 | 25,000 | 525,675 | 8,269,688 | Form | |
| 3 | Nigro, Todd Anthony | SECRETARY | Evol Capital Holdings, LLC | Buy | 8052026 | 21.07 | 5,000 | 105,350 | 6,036,429 | Form |
| 4 | Nigro, Edward Michael | CEO and Executive Chairman | 1990 Sovereign Holdings, LLC | Buy | 8052026 | 21.51 | 9,200 | 197,852 | 13,523,429 | Form |
| 5 | Herbst, Timothy P | revocable grantor trust | Buy | 8052026 | 21.50 | 10,000 | 214,971 | 7,032,260 | Form | |
| 6 | Newgard, Jeffrey K | President/CEO (GBank) | Jeffrey K Newgard Self Directed IRA | Buy | 8052026 | 21.54 | 4,293 | 92,459 | 228,336 | Form |
| 7 | Newgard, Jeffrey K | President/CEO (GBank) | Jointly with spouse | Buy | 8052026 | 21.54 | 8,772 | 188,923 | 466,515 | Form |
| 8 | Newgard, Jeffrey K | President/CEO (GBank) | Jeffrey K Newgard Self Directed IRA | Buy | 8052026 | 21.75 | 6,309 | 137,249 | 137,249 | Form |
| 9 | Newgard, Jeffrey K | President/CEO (GBank) | Jointly with spouse | Buy | 8052026 | 21.75 | 12,889 | 280,394 | 280,394 | Form |
| 10 | Griege, Charles William JR | Direct | Buy | 6092026 | 29.00 | 4,000 | 116,000 | 3,415,794 | Form | |
| 11 | Griege, Charles William JR | Blue Lion Opportunity Master Fund, LP | Buy | 6092026 | 29.00 | 24,000 | 696,000 | 10,680,381 | Form | |
| 12 | Whicker, Jeffery Ernest | EVP/CFO (GBank) | Direct | Sell | 3042026 | 29.98 | 7,125 | 213,610 | 403,236 | Form |
| 13 | Whicker, Jeffery Ernest | EVP/CFO (GBank) | Direct | Sell | 3042026 | 30.07 | 24,875 | 747,912 | 404,398 | Form |
| 14 | Griege, Charles William JR | Blue Lion Opportunity Master Fund , LP | Buy | 11122025 | 33.30 | 25,000 | 832,598 | 11,466,166 | Form | |
| 15 | Nigro, Edward Michael | Executive Chairman | 2000 Universal Holdings LLC | Buy | 11122025 | 34.06 | 800 | 27,251 | 568,873 | Form |
| 16 | Campbell, Tara Allyce | EVP/COO of GBank | Direct | Sell | 11042025 | 35.61 | 3,867 | 137,708 | 132,936 | Form |
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Core Cache Last Updated: 10/30/2026