GBank Financial reports Q3 EPS 44c, two estimates 46c

Reports Q3 revenue $20.2M, up 13.5% q/q. Edward M. Nigro, CEO, 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.”