FinWise Bancorp Reports Third Quarter 2026 Results

MURRAY, Utah, Oct. 28, 2026 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ: FINW) (“FinWise”, the “Company”, “we”, “our”, or “us”), parent company of FinWise Bank (the “Bank”), today announced results for the quarter ended September 30, 2026.

Third Quarter 2026 Highlights * Loan originations totaled $2.1 billion, compared to $1.6 billion for the quarter ended June 30, 2026, and $1.8 billion for the third quarter of the prior year * Period end credit enhanced loan balances outstanding reached $146.2 million in the third quarter, compared to $74.2 million for the quarter ended June 30, 2026, and $41.4 million for the third quarter of the prior year * Net interest income was $41.9 million, compared to $28.4 million for the quarter ended June 30, 2026, and $18.6 million for the third quarter of the prior year * Net income was $10.0 million, compared to $2.1 million for the quarter ended June 30, 2026, and $4.9 million for the third quarter of the prior year * Net income for the three months ended September 30, 2026 includes a $6.5 million bargain purchase gain resulting from the July 20, 2026 acquisition of certain assets and assumption of certain liabilities of Tallied Technologies Inc. and a $0.4 million loss from discontinued operations * Diluted earnings per share (“EPS”) were $0.73 for the quarter, compared to $0.15 for the quarter ended June 30, 2026, and $0.34 for the third quarter of the prior year * Efficiency ratio(1) was 41.6%, compared to 54.9% for the quarter ended June 30, 2026, and 47.6% for the third quarter of the prior year * Nonperforming loan balances were $37.1 million as of September 30, 2026, compared to $37.7 million as of June 30, 2026, and $43.1 million as of September 30, 2025. Nonperforming loan balances guaranteed by the Small Business Administration (“SBA”) were $17.7 million, $19.1 million, and $23.6 million as of September 30, 2026, June 30, 2026, and September 30, 2025, respectively “This quarter demonstrates the tangible progress we have made in broadening our platform and building a more capital-efficient sponsor bank,” said Jim Noone, CEO of FinWise Bancorp. “We originated $2.1 billion in loans and we nearly doubled our credit-enhanced balances to $146 million in the quarter. Even after the cost of those partner arrangements, net interest income rose 17%(1) from the second quarter. We also recognized a one-time gain from our first acquisition transaction.