FinWise Bancorp Reports Third Quarter 2026 Results
FinWise Bancorp reported Q3 2026 net income of $10.0 million with diluted EPS of $0.73, up from $4.9 million and $0.34 in the prior-year quarter. Loan originations hit $2.1 billion, credit-enhanced balances nearly doubled sequentially to $146.2 million, and net interest margin expanded to 19.58% from 13.83% last quarter; the efficiency ratio improved to 41.6%. Results include a one-time $6.5 million tax-free bargain purchase gain from the Tallied Technologies acquisition, and the company disclosed a plan to exit its credit card portfolio business as discontinued operations while retaining the servicing technology.
Key figures
- Eps
- 0.73
- Revenue
- $41.9 million
- Revenue Yoy
- 125%
- Net income
- 10046000
- Total assets
- 958325000
- Leverage ratio
- 18.1%
- Net charge offs
- 10620000
- Efficiency ratio
- 41.6%
- Loan originations
- 2065300000
- Net interest margin
- 19.58%
- Nonperforming loans
- 37133000
- Bargain purchase gain
- 6456000
- Credit enhanced loans
- 146241000
- Tangible book value per share
- 15.14
- Total provision for credit losses
- 46747000
AI analysis
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