FinWise Bancorp Reports Third Quarter 2026 Results- Loan Originations of $2.1 Billion - - Net Income of $10.0 Million - - Diluted Earnings Per Share of $0.73 - 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 ratio1 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.
GlobeNewsWire10/28/2026Neutral