Safe Harbor Financial Q2 Revenue Up 4.8% to $1.9M; Net Loss $(1.5)M

Safe Harbor Financial reported its second quarter 2026 results, with revenue increasing 4.8% year-over-year to $1.9 million, driven by a 50.7% rise in loan program income. Average deposit balances grew 6.8% to $108.4 million. However, the company's net loss widened to $(1.5) million from $(0.9) million in the prior year, primarily due to increased general and administrative expenses and a non-cash deemed dividend. The company also highlighted strategic initiatives including the launch of a pooled employer retirement plan and an Infrastructure-as-a-Service model, alongside capital structure simplification.