FinWise Bancorp reported second quarter 2026 financial results with net income of $2.1 million and diluted earnings per share of $0.15, down from $4.1 million and $0.29 in the prior year period. The decline was driven by a significant increase in provision for credit losses to $22.7 million, resulting from growth in the credit-enhanced loan portfolio and higher provisions on non-performing loans. Loan originations totaled $1.6 billion, while net interest income rose 95% year-over-year to $28.7 million due to portfolio growth and accounting changes regarding excess interest allocation. The company acquired Tallied Technologies' technology platform in July 2026 for end-to-end credit card processing capabilities. FinWise Bancorp operates as a bank holding company providing banking and payments solutions, including lending and BIN sponsorship, to fintech brands.
