GBank Financial Holdings Inc. Q4 FY2025 earnings call

• Credit Card: Addressed app and fraud issues, relaunched with new security measures, and discussed growth potential. • BoltBetz and PPA: Talked about licensing, fund holding by GBank, and potential growth in gaming slot machine market. • SBA: Changed incentivization for loan sales, saw Jan loan sales growth, and gave details on hotel loans. • Organizational: Reorganized credit card ops, engaged new GC, Corporate Secretary, CTO, and Payments Tech Director

Credit Card: In Q4, transactions settled at around $99 million. Faced issues like app not working, fraud, and ACH processing problems. Relaunched with new KYC, fraud prevention (engaged Plaid, Neuro ID, Precise ID) and payment systems. BoltBetz and PPA: BoltBetz licensed on Nov 21, 2025, with Distill Taverns authorized to use it, and GBank holding funds for gaming operations. SBA: Changed incentivization program for loan sales, sold 12 loans in Jan for ~$32M, 8 with 1.25% spread or higher, and provided details on hotel loan defaults, balances, etc.

• Credit Card: Anticipate growth with new systems, though specific numbers not given. • SBA: Expect continued loan production growth and gain-on-sale margin increase, with potential for more hotel deals. • BoltBetz and PPA: Anticipate growth as platform scales and more gaming operators adopt

• Credit Card: Fraud potential despite new measures, and impact of major platforms stopping credit card use. • SBA: Government shutdown impact on loan originations/sales. • Gaming/FinTech: Uncertainty in BoltBetz/PPA adoption pace by gaming operators

Q: About credit card potential for interchange and volumes this year.

A: Anticipate growth with new systems in place, though specific numbers not given but see potential for substantial growth.

Q: About SBA growth and gain-on-sale margins.

A: Expect continued growth with incentivized team and potential for more hotel deals.

Q: About slot opportunity and net interest margin.

A: Slot opportunity has potential but transition takes time, and net interest margin may be impacted but with other PPA clients.

Q: About SBA impact of government shutdown.

A: Originations dropped in Q4 due to shutdown, but expect to catch up this year.

Q: About credit card transaction volume and noninterest expenses.

A: Volume can rebound quickly with marketing, and noninterest expenses expected to increase with growth in transactions