GBank Financial Holdings
GBFH on Nasdaq. State commercial banks. Market value $256m.
Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.
We can't read total debt from the filing, so debt is left out.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
What to watch out for
See Financial services stocks that passed both tests
This is not advice. Check the numbers below.
We don't have this figure for this company.
What you pay for each dollar of net assets: $1.48.
Profit per $100 you pay: $7.22.
Quality score: not known. Price score: 83 of 100. Our list needs 70 on quality and 60 on price.
$17.64 a share, at its 1-year low
Over the past year the price has ranged from $17.50 to $42.23.
Pays no dividend
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |
| Revenue | $1.2bn |
| Operating margin | |
| Operating margin | n/a |
| Debt to equity | |
| Debt to equity | n/a |
| Shares outstanding | |
| Shares outstanding | 0.01bn |
Health checks
- Free cash flow positiveDoesn't apply to banks and insurers
- Accounting checksDoesn't apply to banks and insurers
- DebtDoesn't apply to banks and insurers
- Revenue growth, five yearsUnknown
- Buying back its own sharesRoughly flat
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Profit: $5 million, about the same as a year ago.
- About the same number of shares as a year ago.
| Quarter to | Amount |
|---|---|
| March 2025 | $4m |
| June 2025 | $5m |
| September 2025 | $4m |
| December 2025 | $7m |
| March 2026 | $1m |
| June 2026 | $5m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 30 March 2026
- Next quarterly (estimated, 10-Q)
- 12 November 2026
Who owns it
None of the long-term investors we follow own it. 83 funds in all.
Largest holders overall
- BlackRock$20mAdded
- Vanguard Capital Management$13mAdded
- Arista Wealth Management$9m
- Geode Capital Management$7mAdded
- Chapin Davis$7m
- State Street$6mAdded
- Cannell & Spears$6m
- RVW Wealth$4mCut
- Emerald Mutual Fund Advisers Trust$4m
- Kennedy Capital Management$4mCut
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
2 investors own more than 5%.
- Finley Alfred LeePassive investorat least 11.8%(filed with 2 related holders)Since 29 April 2025
What they said
The Reporting Persons acquired and continue to hold the Common Stock for investment purposes and, depending on market conditions and other factors that the Reporting Persons may deem material to their investment decisions, the Reporting Persons may sell all or a portion of the…
Read the filing - Edward M. NigroInsider or founderat least 8.1%(filed with 2 related holders)Since 29 April 2025
What they said
All of the shares of Common Stock reported herein were acquired for investment purposes. The Reporting Persons intend to evaluate their investment in the Common Stock on a continual basis. Other than as expressly set forth below, the Reporting Persons do not have any present…
Read the filing
| Holder | Stake | Since | |
|---|---|---|---|
Finley Alfred Lee Passive investor | at least 11.8% (filed with 2 related holders) | 29 April 2025 | What they saidThe Reporting Persons acquired and continue to hold the Common Stock for investment purposes and, depending on market conditions and other factors that the Reporting Persons may deem material to their investment decisions, the Reporting Persons may sell all or a portion of the… Read the filing |
Edward M. Nigro Insider or founder | at least 8.1% (filed with 2 related holders) | 29 April 2025 | What they saidAll of the shares of Common Stock reported herein were acquired for investment purposes. The Reporting Persons intend to evaluate their investment in the Common Stock on a continual basis. Other than as expressly set forth below, the Reporting Persons do not have any present… Read the filing |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 6 insiders bought $3m of shares on the open market. 2 sold $1m.
- Voinovich Michael CDirectorBought
- Date
- 8 September 2026
- Shares
- 2,500
- Price
- $20.00
- Value
- $50,000
- Griege Charles William Jr.DirectorBought
- Date
- 5 August 2026
- Shares
- 25,000
- Price
- $21.03
- Value
- $525,675
- Nigro Todd AnthonySECRETARY, DirectorBought
- Date
- 4 August 2026
- Shares
- 5,000
- Price
- $21.07
- Value
- $105,350
- NIGRO EDWARD MICHAELCEO and Executive Chairman, DirectorBought
- Date
- 4 August 2026
- Shares
- 9,200
- Price
- $21.51
- Value
- $197,852
- Herbst Timothy PDirectorBought
- Date
- 4 August 2026
- Shares
- 10,000
- Price
- $21.50
- Value
- $214,971
- NEWGARD JEFFREY KPresident/CEO (GBank)Bought
- Date
- 4 August 2026
- Shares
- 13,065
- Price
- $21.54
- Value
- $281,382
- NEWGARD JEFFREY KPresident/CEO (GBank)Bought
- Date
- 3 August 2026
- Shares
- 19,198
- Price
- $21.75
- Value
- $417,643
- Griege Charles William Jr.DirectorBought
- Date
- 5 June 2026
- Shares
- 28,000
- Price
- $29.00
- Value
- $812,000
- Whicker Jeffery ErnestEVP/CFO (GBank)Sold
- Date
- 3 March 2026
- Shares
- 7,125
- Price
- $29.98
- Value
- $213,608
- Whicker Jeffery ErnestEVP/CFO (GBank)Sold
- Date
- 2 March 2026
- Shares
- 24,875
- Price
- $30.07
- Value
- $747,991
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 8 September 2026 | Voinovich Michael C Director | Bought | 2,500 | $20.00 | $50,000 |
| 5 August 2026 | Griege Charles William Jr. Director | Bought | 25,000 | $21.03 | $525,675 |
| 4 August 2026 | Nigro Todd Anthony SECRETARY, Director | Bought | 5,000 | $21.07 | $105,350 |
| 4 August 2026 | NIGRO EDWARD MICHAEL CEO and Executive Chairman, Director | Bought | 9,200 | $21.51 | $197,852 |
| 4 August 2026 | Herbst Timothy P Director | Bought | 10,000 | $21.50 | $214,971 |
| 4 August 2026 | NEWGARD JEFFREY K President/CEO (GBank) | Bought | 13,065 | $21.54 | $281,382 |
| 3 August 2026 | NEWGARD JEFFREY K President/CEO (GBank) | Bought | 19,198 | $21.75 | $417,643 |
| 5 June 2026 | Griege Charles William Jr. Director | Bought | 28,000 | $29.00 | $812,000 |
| 3 March 2026 | Whicker Jeffery Ernest EVP/CFO (GBank) | Sold | 7,125 | $29.98 | $213,608 |
| 2 March 2026 | Whicker Jeffery Ernest EVP/CFO (GBank) | Sold | 24,875 | $30.07 | $747,991 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 30 Mar 2026, plus the 10-Q filed 13 Aug 2026 and 9 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.