SHF Holdings, Inc., (NASDAQ: SHFS) shares began the day and the week down slightly. The company, a leading fintech platform serving the banking, lending, and financial services needs of the regulated cannabis and hemp industries, announced its financial results for the second quarter ended June 30, 2026.
“Our second quarter results reflect the continued execution of the growth strategy we have been building over the past several quarters,” said CEO Terrance Mendez.
“Loan program income grew more than 50% year over year for the second consecutive quarter, and average deposit balances increased 6.8% year over year to $108.4 million, with our trailing 14-day average balance up 7.9%.
Revenue was approximately $1.9 million for the second quarter of 2026, a 4.8% increase compared to approximately $1.8 million in the second quarter of 2025, driven primarily by growth in loan program income. For the six months ended June 30, 2026, revenue was approximately $3.9 million, a 3.5% increase compared to approximately $3.8 million for the same period in 2025.
Loan program income was approximately $0.8 million for the second quarter of 2026, an increase of 50.7% compared to approximately $0.6 million in the second quarter of 2025, and approximately $1.7 million for the six months ended June 30, 2026, an increase of 53.1% compared to the same period in 2025.
SHFS shares dipped 0.17 cents, or 1%, to 17.32 cents.
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