Every material Form 8-K Finwise Bancorp has filed with the SEC since July 20, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
FinWise Bancorp reported third quarter 2026 net income of $10.0 million, or $0.73 per diluted share, up from $2.1 million and $0.15 in the prior quarter, and $4.9 million and $0.34 a year earlier. The result includes a one-time $6.5 million bargain purchase gain from its July 2026 Tallied Technologies acquisition, and the company is exiting its credit card business, which is reported as discontinued operations.
Net income was $10.0 million versus $2.1 million in the quarter ended June 30, 2026, and $4.9 million in the third quarter of 2025.
Net income from continuing operations was $10.4 million, or $0.76 per diluted share, including the $6.5 million bargain purchase gain; discontinued operations posted a $0.4 million loss.
Loan originations totaled $2.1 billion, compared with $1.6 billion in the prior quarter; the provision for credit losses rose to $46.7 million from $20.9 million.
The company expects to complete the sale of its credit card business by the second quarter of 2027.
FinWise Bancorp reported second quarter 2026 results that declined from both the prior quarter and the year-earlier period. Management said earnings were short of its expectations, citing higher provision expense on loans where the company retains credit risk. Shareholders also received an investor presentation furnished under Regulation FD.
Net income was $2.1 million, down from $2.7 million in the first quarter of 2026 and $4.1 million in the second quarter of 2025.
Diluted EPS was $0.15, compared with $0.20 in the prior quarter and $0.29 a year earlier.
Provision for credit losses was $22.7 million, up from $10.6 million in the prior quarter and $4.7 million a year earlier.
Nonperforming loans fell to $37.7 million at June 30, 2026, from $49.8 million at March 31, 2026.
FinWise Bancorp said it completed an acquisition of the technology platform and related assets of Tallied Technologies, the card issuing and processing platform that already powered the bank's co-branded credit card programs. The company expects about $4.0 million in integration and transition costs over the next year, and says its prior guidance of approximately $217 million in credit-enhanced balances by the end of 2026 no longer applies, which shareholders will need to weigh against the expected revenue retention.
Acquired Tallied platform and related assets, with live programs already running on it
Integration and transition costs of approximately $4.0 million over the next year, expected to be higher in the next two quarters
About $50 million of credit card balances will move onto the Bank's balance sheet, and prior guidance of approximately $217 million in credit-enhanced balances by end of 2026 no longer applies
Second quarter 2026 results and conference call scheduled for July 29, 2026 at 5:00 p.m. ET
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