Quarterly ResultApr 30, 2026, 04:16 PM
FINW Q1 Loan Originations $1.7B; Net Income $2.7M, EPS $0.20
AI Summary
FinWise Bancorp reported Q1 2026 results with loan originations reaching $1.7 billion, a 38% increase year-over-year. Net interest income significantly grew to $28.1 million, and net interest margin expanded to 12.90%. However, net income decreased to $2.7 million, resulting in diluted EPS of $0.20, both down compared to the prior quarter and prior year. The company noted elevated net charge-offs from both credit-enhanced and legacy SBA credits, expecting SBA charge-offs to remain high in the near term, while emphasizing a strengthening partner pipeline and strong long-term business trajectory.
Key Highlights
- Loan originations totaled $1.7 billion, up 38% year-over-year.
- Net income was $2.7 million, down from $3.2 million in Q1 2025.
- Diluted EPS was $0.20, down from $0.23 in Q1 2025.
- Net interest income increased to $28.1 million, up from $14.3 million in Q1 2025.
- Net interest margin rose to 12.90%, up from 8.27% in Q1 2025.
- Nonperforming loan balances increased to $49.8 million as of March 31, 2026.
- Tangible book value per share grew to $14.34.
- Efficiency ratio was 66.3%, compared to 64.8% in Q1 2025.