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Edward Nigro, Executive Chairman of GBank Financial Holdings Inc. (OTC:GBFH), recently sold shares worth $168,366, according to a filing with the Securities and Exchange Commission. The transactions, executed on June 10, 2025, involved the sale of 4,239 shares at prices ranging from $39.5962 to $40.0 per share. The sale comes as GBFH demonstrates strong financial performance, with InvestingPro data showing a remarkable 135% return over the past year and an "GREAT" overall financial health score. These shares were sold indirectly through 1990 Sovereign Holdings LLC, a Nevada limited liability company managed by Nigro. Following the transactions, Nigro’s indirect ownership through this entity stands at 619,630 shares.
Additionally, Nigro holds shares through various other entities, including 2000 Universal Holdings LLC, GBank 401K PSP & Trust, and GBank ROTH 401K PSP & Trust, with total direct and indirect holdings amounting to several hundred thousand shares.
In other recent news, GBank Financial Holdings Inc. reported first-quarter 2025 earnings that exceeded analyst expectations, with earnings per share reaching $0.31, surpassing the forecast of $0.26. The company achieved a 31% year-over-year revenue increase, totaling $17.36 million. GBank’s net income also showed significant growth, reaching $4.5 million, bolstered by expansions in its credit card and gaming fintech sectors. The company recently completed its NASDAQ listing, which is anticipated to enhance market visibility. As part of its strategic growth initiatives, GBank plans to launch a secured credit card in the third quarter and expects increased deposits from its gaming fintech slot program. The company, however, anticipates incurring approximately $1 million in SEC uplift expenses in the second quarter. Analysts from Janney noted that GBank’s strategic initiatives might continue to support its growth trajectory. Despite these positive developments, the company faces potential challenges, including regulatory costs and competitive pressures in the market.
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