FinWise Q2 FY26 net income drops 48% to $2.13 million; net interest income rises 95.2% to $28.75 million
Reuters2026/08/12 20:46- FinWise Bancorp net income fell 48% to $2.13 million in the quarter ended June 30, 2026.
- Net interest income rose 95.2% to $28.75 million, lifting net interest margin by 5.88 percentage points to 13.69%.
- Provision for credit losses surged to $22.68 million from $4.73 million.
- Non-interest income more than doubled to $25.59 million, driven by credit enhancement income of $16.68 million.
- Originations increased 7.67% to $1.6 billion; total assets slipped 5.3% to $925.31 million.
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