v3.26.1
Segment Financials
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Financials
Note 11. Segment Financials
The Company's operations are substantially all located in the United States, and are reported under three segments: Fintech, Credit Solutions (which has three sub-segments) and Corporate.
The following tables provide segment information for the periods indicated (dollars in thousands):
Three months ended June 30, 2026
Credit Solutions
FintechREBLInstitutional BankingCommercialCorporateTotal
Interest income$2,834 $45,103 $29,104 $32,883 $22,125 $132,049 
Interest allocation63,802 (24,265)(18,502)(17,894)(3,141)— 
Interest expense32,897 — 1,226 10 7,450 41,583 
Net interest income 33,739 20,838 9,376 14,979 11,534 90,466 
Provision for credit losses(1)
25,765 (294)60 1,071 (513)26,089 
Non-interest income(1)
67,366 2,772 733 1,929 240 73,040 
Direct non-interest expense:
Salaries and employee benefits4,875 1,203 776 4,678 25,894 37,426 
 Data processing expense378 48 647 1 313 1,387 
Software284 28 645 440 4,235 5,632 
Other 2,482 1,192 274 1,823 6,260 12,031 
Total direct non-interest expense8,019 2,471 2,342 6,942 36,702 56,476 
Income before non-interest expense allocations67,321 21,433 7,707 8,895 (24,415)80,941 
Non-interest expense allocations:
Risk, financial crimes, and compliance7,838 713 942 1,541 (11,034)— 
Information technology and operations3,735 242 1,123 2,133 (7,233)— 
Other allocated expenses4,069 838 1,426 1,966 (8,299)— 
Total non-interest expense allocations15,642 1,793 3,491 5,640 (26,566)— 
Income before taxes51,679 19,640 4,216 3,255 2,151 80,941 
Income tax expense12,951 4,922 1,057 816 539 20,285 
Net income $38,728 $14,718 $3,159 $2,439 $1,612 $60,656 

Three months ended June 30, 2025
Credit Solutions
FintechREBLInstitutional BankingCommercialCorporateTotal
Interest income$486 $48,904 $29,069 $32,990 $31,699 $143,148 
Interest allocation64,622 (23,479)(16,583)(16,947)(7,613)— 
Interest expense42,814 — 888 10 1,944 45,656 
Net interest income22,294 25,425 11,598 16,033 22,142 97,492 
Provision for credit losses(1)
43,233 (116)(146)1,425 (33)44,363 
Non-interest income(1)
78,907 2,283 79 2,443 31 83,743 
Direct non-interest expense:
Salaries and employee benefits4,401 1,160 2,545 4,688 24,340 37,134 
Data processing expense335 46 497 1 348 1,227 
Software148 27 717 505 3,747 5,144 
Other2,988 1,249 275 2,141 7,065 13,718 
Total direct non-interest expense7,872 2,482 4,034 7,335 35,500 57,223 
Income before non-interest expense allocations50,096 25,342 7,789 9,716 (13,294)79,649 
Non-interest expense allocations:
Risk, financial crimes, and compliance7,490 604 839 1,365 (10,298)— 
Information technology and operations3,613 199 1,535 2,101 (7,448)— 
Other allocated expenses4,091 833 1,755 1,958 (8,637)— 
Total non-interest expense allocations15,194 1,636 4,129 5,424 (26,383)— 
Income before taxes34,902 23,706 3,660 4,292 13,089 79,649 
Income tax expense8,689 5,901 911 1,068 3,259 19,828 
Net income$26,213 $17,805 $2,749 $3,224 $9,830 $59,821 
Six months ended June 30, 2026
Credit Solutions
FintechREBLInstitutional BankingCommercialCorporateTotal
Interest income$4,660 $89,810 $56,948 $65,261 $45,161 $261,840 
Interest allocation120,762 (45,928)(34,137)(33,887)(6,810)— 
Interest expense64,761 — 2,732 20 15,047 82,560 
Net interest income 60,661 43,882 20,079 31,354 23,304 179,280 
Provision for credit losses(1)
54,609 553 (100)(826)(546)53,690 
Non-interest income(1)
135,797 3,939 1,051 4,516 262 145,565 
Direct non-interest expense
Salaries and employee benefits9,624 2,328 1,816 9,699 51,436 74,903 
Data processing expense759 92 1,228 3 614 2,696 
Software527 56 1,269 948 8,201 11,001 
Other 5,169 2,428 550 3,864 10,891 22,902 
Total direct non-interest expense16,079 4,904 4,863 14,514 71,142 111,502 
Income before non-interest expense allocations125,770 42,364 16,367 22,182 (47,030)159,653 
Non-interest expense allocations:
Risk, financial crimes, and compliance15,649 1,420 1,881 3,071 (22,021)— 
Information technology and operations7,538 497 2,335 4,436 (14,806)— 
Other allocated expenses8,193 1,732 2,910 4,032 (16,867)— 
Total non-interest expense allocations31,380 3,649 7,126 11,539 (53,694)— 
Income before taxes94,390 38,715 9,241 10,643 6,664 159,653 
Income tax expense 23,068 9,440 2,247 2,566 1,607 38,928 
Net income $71,322 $29,275 $6,994 $8,077 $5,057 $120,725 

Six months ended June 30, 2025
Credit Solutions
FintechREBLInstitutional BankingCommercialCorporateTotal
Interest income$726 $96,775 $57,081 $64,897 $63,471 $282,950 
Interest allocation138,002 (47,848)(33,319)(34,663)(22,172)— 
Interest expense85,557 — 2,531 20 5,607 93,715 
Net interest income53,171 48,927 21,231 30,214 35,692 189,235 
Provision for credit losses(1)
89,101 192 (214)2,189 (52)91,216 
Non-interest income(1)
159,249 2,803 354 4,785 194 167,385 
Direct non-interest expense
Salaries and employee benefits8,730 2,374 5,345 9,978 44,376 70,803 
Data processing expense622 82 990 4 734 2,432 
Software306 53 1,483 979 7,336 10,157 
Other5,599 2,809 594 4,258 13,865 27,125 
Total direct non-interest expense15,257 5,318 8,412 15,219 66,311 110,517 
Income before non-interest expense allocations108,062 46,220 13,387 17,591 (30,373)154,887 
Non-interest expense allocations:
Risk, financial crimes, and compliance14,529 1,180 1,627 2,662 (19,998)— 
Information technology and operations7,119 389 3,051 4,111 (14,670)— 
Other allocated expenses8,178 1,657 3,444 3,884 (17,163)— 
Total non-interest expense allocations29,826 3,226 8,122 10,657 (51,831)— 
Income before taxes78,236 42,994 5,265 6,934 21,458 154,887 
Income tax expense19,140 10,518 1,288 1,696 5,251 37,893 
Net income$59,096 $32,476 $3,977 $5,238 $16,207 $116,994 
_______________
(1) The following table summarizes the Non-interest income of the Fintech segment from the above segment net income tables. Fintech loan credit enhancement income represents the estimated recovery from a Fintech partner for losses on Fintech loans, where the measurement of the expected loan loss recorded in Provision for credit losses and estimated recovery from credit enhancement are based on the same estimate. The remaining amount of Fintech non-interest income is other fee income.
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Fintech loan credit enhancement$25,766 $43,233 $54,609 $89,101 
Fintech - other fee income41,600 35,674 81,188 70,148 
Fintech - Non-interest income, total$67,366 $78,907 $135,797 $159,249 

June 30, 2026
Credit Solutions
FintechREBLInstitutional BankingCommercialCorporateTotal
Total assets$1,014,634 $2,396,193 $2,081,888 $1,772,547 $1,950,715 $9,215,977 
Total liabilities$7,146,532 $1,350 $240,205 $6,673 $1,115,836 $8,510,596 
December 31, 2025
Credit Solutions
FintechREBLInstitutional BankingCommercialCorporateTotal
Total assets$1,177,306 $2,362,489 $1,981,479 $1,762,882 $2,068,269 $9,352,425 
Total liabilities$7,377,441 $1,817 $269,743 $5,591 $1,008,037 $8,662,629