Finwise Bancorp (FINW) Form 8-K — Jul 29, 2026
FinWise Bancorp reported second quarter 2026 net income of $2.1 million, or $0.15 per diluted share, a significant decline from $4.1 million, or $0.29 per share, in the prior year quarter. The decrease was primarily driven by a higher provision for credit losses of $22.7 million and increased net charge-offs, resulting from losses on collateralized property and reserves on classified loans. Despite the earnings pressure, the company reduced its nonperforming loan balance by $12.1 million from the prior quarter to $37.7 million. Total loan originations reached $1.6 billion, an increase from $1.5 billion in the second quarter of 2025, while net interest income grew to $28.7 million.
Key figures
- Eps
- 0.15
- Revenue
- 54343000
- Net Income
- 2132000
- Efficiency Ratio
- 53.1%
- Loan Originations
- 1629920000
- Net Interest Income
- 28749000
- Net Interest Margin
- 13.69%
- Nonperforming Loans
- 37651000
- Provision for Credit Losses
- 22677000
- Tangible Book Value per Share
- 14.55
Price after filing
Close on the filing date to close N calendar days later (from $13.75). Historical, not a forecast.
AI analysis
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