Georgia Banking Company, Inc. filed a free writing prospectus on October 28, 2026, pursuant to Rule 433 under Registration Statement No. 333-299281, attaching a press release reporting third-quarter 2026 earnings and the first full quarter of combined operations following its merger with Tandem Bancorp, Inc.

Key Highlights

  • Net income: $6.3 million, or $0.57 per diluted common share, for the third quarter of 2026, compared with $5.6 million, or $0.60 per diluted common share, in the second quarter of 2026.
  • One-time charges: Third-quarter results included $2.0 million of direct listing expenses and $493 thousand of merger and acquisition expenses, each before taxes.
  • Net interest income: $31.4 million for the three months ended September 30, 2026, an increase of $2.3 million, or 8.0%, from the prior quarter.
  • Average loans: Increased $158.3 million, or 6.7%, from the prior quarter to $2.5 billion, driven primarily by commercial real estate and single-family residential loans.
  • Capital ratio: Preliminary Common Equity Tier 1 ratio of 10.59% at September 30, 2026, compared with 10.29% at June 30, 2026 and 8.53% at September 30, 2025.
  • Allowance for credit losses: $30.1 million, or 1.36% of total loans held for investment, at quarter end, an increase of $1.1 million from the prior quarter end.
  • Tandem Bancorp merger: Closed June 1, 2026 and was fully integrated September 21, 2026, affecting sequential and year-over-year comparisons throughout the quarter.

Georgia Banking Company Third-Quarter 2026 Earnings and Post-Merger Integration Details

According to the filing, Georgia Banking Company, Inc. reported net income of $6.3 million, or $0.57 per diluted common share, for the three months ended September 30, 2026. The company disclosed that results were influenced by $2.0 million in direct listing expenses and $493 thousand in merger and acquisition expenses, both before taxes. Pre-tax, pre-provision earnings were $10.5 million, an increase of $1.8 million, or 20.4%, from the second quarter of 2026. Excluding direct listing and merger and acquisition expenses, pre-tax, pre-provision operating earnings were $12.9 million, an increase of $750 thousand, or 6.2%, from the prior quarter, the filing stated.

The company reported that net interest income before provision for credit losses was $31.4 million and net interest margin was 4.17% for the three months ended September 30, 2026, compared with $29.1 million and 4.31%, respectively, for the three months ended June 30, 2026. According to the filing, the net interest margin decrease of 14 basis points was primarily attributable to higher interest expense on other borrowed funds resulting from subordinated debt restructuring during the quarter. Noninterest income was $2.8 million for the third quarter of 2026, a decrease of $451 thousand, or 13.8%, from the second quarter, primarily due to a $342 thousand decrease in mortgage banking activity.

The filing disclosed that total loans, net, were $2.56 billion at September 30, 2026, an increase of $1.1 million from June 30, 2026, while total deposits were $2.70 billion, a decrease of $136.2 million from the prior quarter end. Nonperforming loans were 0.99% of total loans held for investment at quarter end, compared with 0.83% in the prior quarter. Average total interest-bearing deposits increased $268.5 million, or 15.7%, from the prior quarter to $2.0 billion, inclusive of the impact of the Tandem acquisition. The company noted its shares were preparing to begin trading on the Nasdaq Capital Market, referencing the direct listing process connected to Registration Statement No. 333-299281.

What Was Disclosed

Georgia Banking Company, Inc. filed a free writing prospectus under Rule 433 on October 28, 2026, attaching a press release covering third-quarter 2026 financial results, credit quality metrics, capital ratios, and the status of its Tandem Bancorp, Inc. merger integration and planned Nasdaq direct listing.