Earnings ·
SHF Holdings, Inc. reported second quarter 2026 financial results with total revenue of approximately $1.9 million, a…
SHFSSHF Holdings, Inc.
SHF Holdings, Inc. reported second quarter 2026 financial results with total revenue of approximately $1.9 million, a 4.8% increase year over year, driven by loan program income growth of 50.7%. Average deposit balances rose 6.8% to $108.4 million, while net loss widened to $(1.5) million from $(0.9) million in the prior year period. The increased loss was primarily due to a $1.0 million non-cash deemed dividend associated with induced conversions of Series B Convertible Preferred Stock and higher general and administrative expenses. Additionally, 3,198 shares of Series B Convertible Preferred Stock were converted into approximately 4.92 million common shares as the conversion price reverted to $1.5528 on July 31, 2026. The company operates in the financial technology sector, providing banking, lending, and compliance services specifically tailored for the regulated cannabis industry.