SHF Holdings, Inc., operating as Safe Harbor, filed a Form 8-K on October 6, 2026, disclosing preliminary, unaudited deposit information for the third quarter ended September 30, 2026. The company reported a trailing 14-day average client deposit balance of approximately $119.3 million as of September 30, 2026. This figure represents a 7.4% increase compared to the same period in the prior year and marks the highest level since April 2024.
Management noted that deposit growth has accelerated for the second consecutive quarter. The trailing 14-day average increased approximately 9.6% sequentially from $108.9 million as of June 30, 2026. This sequential increase was described as more than double the growth recorded in the second quarter. The company stated that the current balance is approximately 25% above the trailing 14-day average low of approximately $95.3 million recorded in May 2025.
The filing also addressed the impact of recent Federal Reserve monetary policy. Safe Harbor 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. This projection is based on client deposit and loan balances as of September 30, 2026, and assumes those balances and current arrangements with partner financial institutions remain unchanged.
The company emphasized that the disclosed deposit metrics represent funds held at partner financial institutions and are not deposits of Safe Harbor. Consequently, these figures are not recorded as assets or liabilities on the company's consolidated balance sheet and are not a measure of revenue or financial performance prepared in accordance with U.S. generally accepted accounting principles. The preliminary information is subject to completion of normal quarter-end closing procedures and final results may differ materially from these estimates.
