FinWise Q3 EPS $0.73 as Net Income Hits $10M, Reversing Q2's Credit-Driven Slump
FINW is trading near its 52-week low of $9.58 (15% above the low).
Summary
FinWise reported Q3 EPS of $0.73 with net income of $10 million, a sharp rebound from the $2.1 million earned in Q2 when credit costs cut profit nearly in half. That Q3 net income includes a $6.5 million bargain purchase gain from the July 20, 2026 Tallied acquisition and a $0.4 million loss from discontinued credit card operations. Net interest income came in at $41.9 million and the net interest margin was 19.6%. For a bank of this size, $10 million in quarterly net income is a meaningful swing back toward normal profitability and suggests the credit deterioration flagged in the August 10-Q is easing. The margin level is the key number to hold — it is what drives earnings at a branchless, partner-funded lender like this.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — Q3 net income includes a $6.5 million bargain purchase gain from the July 20, 2026 Tallied acquisition and a $0.4 million loss from discontinued credit card operations.
At the time of this announcement, FINW was trading at $10.98 on NASDAQ in the Finance sector, with a market capitalization of approximately $150.2M. The 52-week trading range was $9.58 to $19.86. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.