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FinWise Q1 FY26 net income falls 14% to $2.7 million; EPS drops to $0.20

PUBT·04/30/2026 21:11:27
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FinWise Q1 FY26 net income falls 14% to $2.7 million; EPS drops to $0.20
  • FinWise Bancorp posted Q1 FY2026 net income of USD 2.7 million, down 30.1% from Q4.
  • Net interest income climbed to USD 28.1 million from USD 24.6 million, driven mainly by a change in estimate on allocation of excess interest on credit enhanced loans.
  • Efficiency ratio widened to 66.3% from 50.5%.
  • Loan originations rose to USD 1.7 billion from USD 1.6 billion, while nonperforming loans increased to USD 49.8 million from USD 43.7 million.
  • CEO Jim Noone said results included elevated net charge-offs, expecting SBA charge-offs to remain elevated over the next few quarters.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Finwise Bancorp published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202604301615PRIMZONEFULLFEED9710804) on April 30, 2026, and is solely responsible for the information contained therein.