Top Accounts Receivable Invoice Factoring Company in US for Trucking, Freight, Staffing, Oil & Gas and more

An advantage of trusting Gulf Coast Business Credit with your accounts receivable financing is that Gulf Coast Bank & Trust’s financial information is 100% public. We provide this as a courtesy to our clients so that you can rest assured your money is safe. Many of our competitors do not provide their clients with this luxury, so if they decided to close their doors tomorrow, you’d have no warning.

2019 was an outstanding year for Gulf Coast Bank & Trust Company (“GCB&T”). GCB&T began its mission in 1990, growing one customer after another. Celebrating its 30th Anniversary this year, GCB&T is a bank with over $1.8 billion in assets and more than 550 employees.

In 2019, the increased level of interest in GCB&T and its community focus guided us to growth in every division, from deposits and loans, trust assets to mortgage. From Texas through Louisiana and into Florida, GCB&T now rings the northern Gulf of Mexico with a deep pool of financial services.

Gulf Coast Bank & Trust Company 2019 Annual Report

Gulf Coast Bank & Trust Co.'s 2019 Financials:

Assets
Cash & Due from Banks	$133,154,000
Investment Securities	$196,154,000
Loans	$1,407,630,000
Other Assets	$83,664,000
TOTAL ASSETS	$1,820,602,000

Liabilities & Equity
Deposits	$1,609,550,000
Borrowings	$24,095,000
Other Liabilities	$18,436,000
Equity Capital	$168,521,000
TOTAL LIABILITIES & EQUITY	$1,820,602,000

Statement of Operations
Interest Income	$146,696,000
Interest Expense	($21,093,000)
Loan Loss Provision	($7,750,000)
Non-Interest Income	$37,888,000
Non-Interest Expense	($124,970,000)
Income Tax Expense	($3,670,000)
NET INCOME	$27,101,000