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Safe Harbor Financial Reports Second Quarter 2026 Results and Provides Corporate Update Second Quarter 2026 Revenue of Approximately $ 1.9 Million , Up 4.8 % Year Over Year Loan Program Income Up 50.7 % Year Over Year to Approximately $ 0.8 Million Exhibit 99.1 Average Deposit Balances Increased 6.8 % Year Over Year to $ 108.4 Million , Reflecting Continued Momentum from Enhanced Marketing and a Customer - Focused Growth Strategy Cash and Cash Equivalents of $ 5.7 Million and Stockholders ' Equity of $ 6.1 Million as of June 30 , 2026 DENVER , August 10 , 2026 ( GLOBE NEWSWIRE ) : SHF Holdings , Inc. , d / b / a Safe Harbor Financial ( “ Safe Harbor " or the " Company " ) ( NASDAQ : SHFS ) , a leading fintech platform serving the banking , lending , and financial services needs of the regulated cannabis and hemp industries , today 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 Terrance Mendez , Chief Executive Officer and Chief Financial Officer of Safe Harbor . “ 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 % . We believe this deposit growth is a direct result of the enhanced marketing and customer - focused initiatives we have put in place , which are winning new customers and increasing average balances across our platform . " " As expected , general and administrative expenses increased year over year , primarily reflecting continued strategic investment in marketing , brand awareness and systems , together with a franchise tax refund recognized in the second quarter of 2025 that did not recur this year , " Mr. Mendez continued . “ Our underlying expense trends remain consistent with our commitment to disciplined cost management , and we continue to identify further opportunities for efficiency even as we invest in the platform . " " Growth and execution remain our top priorities for the remainder of 2026 , ” Mr. Mendez added . " We are continuing to invest in the people , systems and products that support that our growth , including the expansion of our consulting and managed services offering and our purpose - built pooled employer retirement plan , which has already onboarded multiple clients and earned the endorsement of Canopy HR as the recommended retirement solution for its cannabis - focused clients . Combined with the continued build - out of our Safe Harbor Institutional Infrastructure - as - a - Service model for financial institutions , we believe these investments , paired with continued expense control , position Safe Harbor to capture the growing opportunity in front of us . " On the regulatory front , Mr. Mendez added , “ the Department of Justice's April 23 order placing state - licensed medical cannabis on Schedule III , followed by the DEA's expedited hearing on broader rescheduling held between June 29 and July 15 , reflect continued momentum toward a more favorable federal cannabis policy environment . While the timing and ultimate scope of further federal action remain uncertain , we believe Safe Harbor remains well positioned to benefit as the addressable market for our compliance platform continues to expand . "