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.

FinWise Bancorp completed the acquisition of Tallied Technologies, Inc., a credit card issuance and processing platform. The transaction, funded with cash on hand, allows the company to own its card technology stack end-to-end and retain fees, interchange, and interest economics previously shared with a third-party manager. Approximately $50 million of credit card balances will convert from credit-enhanced to standard balances held on the Bank's balance sheet. FinWise expects total integration and transition costs of approximately $4.0 million over the next year. Due to the change in balance structure, the company's prior guidance of $217 million in credit-enhanced balances by year-end 2026 is no longer applicable. FinWise Bancorp is a financial services company providing banking and payments solutions to fintech brands.

On June 25, 2026, shareholders approved an amendment to the FinWise Bancorp 2019 Stock Plan, increasing the number of common shares available for awards by 750,000 to a total of 2,530,000 shares. The company also elected director nominees Gerald E. Cunningham and Lisa Ann Nievaard and ratified Baker Tilly US, LLP as its independent registered public accounting firm for fiscal year 2026. FinWise Bancorp is a financial services company that operates as a bank holding company.

At its 2026 Annual Meeting of Shareholders held on June 25, 2026, FinWise Bancorp shareholders approved an amendment to the 2019 Stock Plan to increase the number of common shares available for awards by 750,000, bringing the total to 2,530,000 shares. Additionally, shareholders elected Gerald E. Cunningham and Lisa Ann Nievaard to the Board of Directors and ratified the appointment of Baker Tilly US, LLP as the independent registered public accounting firm for the 2026 fiscal year. FinWise Bancorp is a financial services company providing banking services.