Quarterly ResultJul 29, 2026, 04:17 PM
Finwise Bancorp Q2 Net Income $2.1M, EPS $0.15; Loan Originations $1.6B
AI Summary
Finwise Bancorp reported second-quarter 2026 net income of $2.1 million and diluted EPS of $0.15, falling short of expectations due to higher provision expenses. Despite this, loan originations reached $1.6 billion, and the company successfully reduced nonperforming loan balances by $12.1 million. Finwise also announced the acquisition of Tallied Technologies platform and continued its share repurchase program.
Key Highlights
- Net income was $2.1 million, down from $2.7 million QoQ and $4.1 million YoY.
- Diluted EPS was $0.15, down from $0.20 QoQ and $0.29 YoY.
- Loan originations totaled $1.6 billion, compared to $1.7 billion QoQ and $1.5 billion YoY.
- Nonperforming loan balances decreased to $37.7 million from $49.8 million QoQ.
- Efficiency ratio improved to 53.1% from 66.3% QoQ and 59.5% YoY.
- Tangible book value per share grew to $14.55 from $14.34 QoQ.
- Acquired the technology platform of Tallied Technologies, Inc.
- Repurchased 29,736 shares for $0.4 million under the share repurchase program.
Price Impact
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