Georgia Banking Q3 net income $6.3 million, $0.57 diluted EPS, down from $0.60
Georgia Banking Company reported third-quarter 2026 net income of $6.3 million, or $0.57 per diluted share, up in dollars from $5.6 million in the second quarter but down from $0.60 per diluted share, as the weighted diluted share count rose to 10.9 million from 9.4 million after the Tandem Bancorp merger. Net interest income rose 8.0% to $31.4 million, but the net interest margin narrowed to 4.17% and nonperforming assets increased to $22.1 million. Shareholders should note this was the first full quarter of combined operations after the merger, and the company said its shares are preparing to begin trading on the Nasdaq Capital Market.
Key points
- Net income $6.3 million, or $0.57 diluted EPS, versus $5.6 million, or $0.60, in the second quarter of 2026
- Net interest income rose $2.3 million, or 8.0%, to $31.4 million; net interest margin fell to 4.17% from 4.31%
- Pre-tax direct listing expense of $2.0 million and merger and acquisition expense of $493 thousand
- Nonperforming assets $22.1 million, or 0.70% of total assets, up from $17.3 million, or 0.53%, at June 30, 2026
The filing
Written by AI on Nov 9, 2026, 8:28 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 28, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.