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Small, micro banks


weighingmachine

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G Bank - GBFH.  Trades a bit expensive after the recent run-up but it’s a well run bank with near 50% insider ownership.  High NIM, seemingly high quality nationwide SBA loans. There is also a huge call option on their gaming, credit card, and fintech division (could be worth billions over the long term) which is slowly and successfully playing out.  This is what has created the high P/BV multiple (along with their rapid deposit and loan growth).  Their high quality gaming deposits and credit card revenue are replacing their low quality deposits from CDs.  Management seems well aware of the regulatory progression of fintech and gaming and they seem well suited to execute on their patents going forward.  Interesting situation. 

Edited by Value_Added
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Awhile back I use to get the Walker's Manual looking for these small bank stocks like Trinity Bank and Burke & Herbert bank, I struggled to get a large position as it can take months to build it... and it was harder to get out.

 

It can be a great long term, buy and hold forever.. but, their thinly traded market is hard.

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