A new algorithm for electromagnetic gyrokinetic simulations, the so called "pullback transformation scheme" proposed by Mishchenko et al. [Physics of Plasmas, 21, 092110 (2014)] is motivated as an elaborated explicit time integrator and investigated in detail. Using a numerical dispersion relation valid in slab geometry, it is shown that the linear properties of the scheme are comparable to those of an implicit v -scheme. A nonlinear extension of the mixed variable formulation, derived consistently from a field Lagrangian, is proposed. The scheme shows excellent numerical properties with a low statistical noise level and a large time step especially for MHD modes. The example of a nonlinear slab tearing mode simulation is used to illustrate the properties of different formulations of the physical model equations.