OAKLAND, Calif., Nov. 09, 2026 (GLOBE NEWSWIRE) -- Gateway Bank, F.S.B. (OTCPK: GWBK) (“the Bank”) today announced a net loss of $370,000 for the third quarter of 2026. This compared to a net loss of $171,000 in the preceding quarter, and a net loss of $870,000 in the third quarter of 2025. Net interest margin…
OAKLAND, Calif., Nov. 09, 2026 (GLOBE NEWSWIRE) -- Gateway Bank, F.S.B. (OTCPK: GWBK) (“the Bank”) today announced a net loss of $370,000 for the third quarter of 2026. This compared to a net loss of $171,000 in the preceding quarter, and a net loss of $870,000 in the third quarter of 2025. Net interest margin expansion and solid loan growth drove improved operating results compared to both the prior quarter and year-ago period. In the first nine months of 2026 the Bank reported a net loss of $877,000, compared to a net loss of $2.66 million in the first nine months of 2025. All financial results are unaudited.
The Company has expanded its AI-powered quantum error correction program across three IBM quantum processors, building on its earlier work using datasets generated by Google quantum hardware and advancing its hardware-agnostic decoding technology.
Sabrina Martucci Johnson, Founder, President and CEO, discusses numerous potential value drivers expected to power the Company’s next phase of growth and commercial success
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