GB Bank has reported its first full year of post-tax profitability, alongside sharp growth across its balance sheet, lending and deposit base.

According to the bank’s latest Annual Report and Accounts, for the year ending 30 September 2025 GB Bank recorded a profit after tax of £5.4m.

Total assets more than doubled over the period, rising from £1.2bn to £2.6bn, representing growth of around 117% year on year.

Lending growth was driven by a rapid expansion in core activity, with loans to customers increasing from £86m to £464m. The bank said this reflected strong demand from property investors for its specialist bridging and buy-to-let propositions.

Funding growth kept pace with lending, with customer deposits increasing by £1.2bn to more than £2.3bn. The expansion of the deposit base supported asset growth while helping to maintain a diversified and stable funding profile.

Mike Says (pictured), chief executive officer at GB Bank, said: “Delivering our first full year of profitability while achieving such significant growth across the balance sheet is a major milestone for the bank.

“These results demonstrate the strength of our strategy, the scalability of our platform and the confidence our customers and shareholders place in the business.

“We’ve built strong momentum across lending and deposits, while maintaining discipline around capital, risk and costs. With these foundations in place, we are well positioned to continue scaling the bank, growing our lending and building our deposit base.”