FinWise net income falls 14.2% to $2.74 million in Q1 FY26

• FinWise Bancorp posted net income of USD 2.74 million for quarter ended March 31, 2026, down 14.2%.
• Net interest income climbed 96.7% to USD 28.09 million, lifting net interest margin to 12.9% from 8.27%, while provision for credit losses rose to USD 10.58 million from USD 3.34 million.
• Non-interest income jumped 87.3% to USD 14.63 million on higher credit enhancement income, gains on sale of loans, and interchange income tied to a credit card portfolio acquisition.
• Non-interest expense rose 97.9% to USD 28.34 million, driven by higher credit enhancement guarantee and servicing expenses plus increased headcount.
• Originations increased to USD 1.7 billion from USD 1.3 billion, while total assets fell 8% to USD 899.44 million and deposits declined 10.6% to USD 674.86 million.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001856365-26-000051), on May 12, 2026, and is solely responsible for the information contained therein.