FinWise Q2 FY26 net income drops 22.1% to $2.1 million; diluted EPS falls to $0.15 - FINW News | RalliesFinWise Q2 FY26 net income drops 22.1% to $2.1 million; diluted EPS falls to $0.15
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FINW• Quarterly results
- FinWise Bancorp posted Q2 net income of $2.1 million, down from $2.7 million in Q1 and $4.1 million a year earlier.
- Diluted EPS fell to $0.15.
Revenue, credit costs and lending activity
- 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.
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