FinWise Bancorp Q3 net income rises to $10.0 million, EPS $0.73 from $0.15
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.
Key points
- 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.
The filing
Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 28, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.