SHF Holdings Inc

SHF Holdings, Inc., doing business as Safe Harbor, reported preliminary third quarter 2026 deposit results showing its trailing 14-day average deposit balance reached approximately $119.3 million as of September 30, 2026, up 7.4% from approximately $111.1 million a year earlier and roughly 25% above the trailing 14-day average low of approximately $95.3 million recorded in May 2025. The quarter-end trailing 14-day balance is the company's highest since April 2024, and the sequential increase of approximately 9.6% from approximately $108.9 million as of June 30, 2026 was more than double the increase recorded in the second quarter, which itself rose approximately 4.1% from approximately $104.6 million as of March 31, 2026. Safe Harbor also estimated that the Federal Reserve's 25-basis-point increase in the federal funds target rate on September 16, 2026 will contribute approximately $150,000 in incremental annualized investment income, based on client deposit and loan balances as of September 30, 2026 and assuming those balances and current partner financial institution arrangements remain unchanged. CEO Terry Mendez said the continued growth in deposits reflects the strength of the strategy the company has put in place as it broadens its platform across banking, lending, business solutions and institutional infrastructure. The preliminary figures have not been audited or reviewed by Safe Harbor's independent registered public accounting firm and remain subject to the company's normal quarter-end closing and review procedures, with full third quarter 2026 financial results to be reported at a later date.

Safe Harbor announced it will introduce its Safe Harbor Institutional Infrastructure-as-a-Service operating model for cannabis banking at the Association for Cannabis Banking eXperience Conference in Albuquerque, New Mexico, on July 15th and 16th. The model provides financial institutions with operational infrastructure, proven workflows, and experienced personnel to build, operate, and scale compliant cannabis banking programs. CEO and CFO Terry Mendez will participate in educational sessions on operational execution, commercial lending strategies, and the infrastructure needed for successful cannabis banking. Safe Harbor has assisted in processing more than $36 billion in cannabis-related depository funds across 41 states and territories.