FinWise Q2 FY26 net income drops 22.1% to $2.1 million; diluted EPS falls to $0.15

Reuters2026/07/29 20:33

By:Reuters

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

FinWise Bancorp posted Q2 net income of $2.1 million, down from $2.7 million in Q1 and $4.1 million a year earlier.
Net interest income rose to $28.7 million from $28.1 million in Q1, more than doubling from $14.7 million a year earlier.
Provision for credit losses climbed to $22.7 million from $10.6 million in Q1 and $4.7 million a year earlier.
Loan originations eased to $1.6 billion from $1.7 billion in Q1, rising from $1.5 billion a year earlier.
CEO Jim Noone cited higher provision expense on retained-credit-risk loans; nonperforming loans fell to $37.7 million from $49.8 million in Q1.

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: 202607291615PRIMZONEFULLFEED9800302) on July 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

FinWise Q2 FY26 net income drops 22.1% to $2.1 million; diluted EPS falls to $0.15

You may also like

Crypto prices