NASDAQ : FINW
FinWise Bancorp — Financial statements
Financials · Banks - Regional · United States
Last price 13.19 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 181.28M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 139.31M | 87.09M | 68.89M | 58.45M | 50.94M | 49.13M |
| Interest Income on Investments | 5.22M | 5.39M | 5.46M | 6.09M | 1.39M | 108.00K |
| Total Interest Income | 144.53M | 92.48M | 74.35M | 64.53M | 52.33M | 49.24M |
| Interest Paid on Deposits | 21.20M | 20.30M | 15.44M | 9.97M | 1.43M | 1.14M |
| Interest Paid on Borrowings | 1.00K | 2.00K | 127.00K | |||
| Total Interest Expense | 21.20M | 20.30M | 15.44M | 9.97M | 1.43M | 1.26M |
| Net Interest Income | 123.33M | 72.18M | 58.91M | 54.56M | 50.90M | 47.98M |
| Gain (Loss) on Sale of Investments | -900.00K | 1.30M | -625.00K | -600.00K | -478.00K | 2.99M |
| Other Non-Interest Income | 110.78M | 50.81M | 21.07M | 20.37M | 24.34M | 19.16M |
| Total Non-Interest Income | 116.87M | 58.48M | 22.48M | 21.46M | 37.41M | 31.84M |
| Revenues Before Loan Losses | 240.20M | 130.67M | 81.40M | 76.02M | 88.31M | 79.82M |
| Provision for Loan Losses | 97.72M | 38.57M | 11.57M | 11.64M | 13.52M | 8.04M |
| Revenue | 142.48M | 92.09M | 69.82M | 64.38M | 74.79M | 71.78M |
| Salaries and Employee Benefits | 42.94M | 38.71M | 33.16M | 23.70M | 23.71M | 20.14M |
| Occupancy Expenses | 772.00K | 933.00K | 1.22M | 2.40M | 1.11M | 382.00K |
| Selling, General & Administrative | 8.09M | 8.15M | 7.74M | 7.92M | 7.33M | 3.77M |
| Other Non-Interest Expense | 71.79M | 22.54M | 10.71M | 6.54M | 4.88M | 3.92M |
| Total Non-Interest Expense | 123.60M | 70.33M | 52.84M | 40.56M | 37.03M | 28.71M |
| EBT Excluding Unusual Items | 18.88M | 21.76M | 16.99M | 23.81M | 37.76M | 43.07M |
| Asset Writedown | -1.73M | -800.00K | ||||
| Pretax Income | 25.34M | 21.76M | 16.99M | 23.81M | 36.03M | 42.27M |
| Income Tax Expense | 6.14M | 5.67M | 4.25M | 6.35M | 10.92M | 10.69M |
| Net Income | 18.83M | 16.09M | 12.74M | 17.46M | 25.11M | 31.58M |
| Preferred Dividends & Other Adjustments | 218.00K | 705.00K | 390.00K | 288.00K | 193.00K | 1.78M |
| Net Income to Common | 18.61M | 15.39M | 12.35M | 17.17M | 24.92M | 29.80M |
| Basic Shares Outstanding | 13.06M | 12.83M | 12.61M | 12.49M | 12.73M | 8.67M |
| Diluted Shares Outstanding | 13.66M | 13.57M | 13.23M | 12.91M | 13.36M | 9.11M |
| EPS (Basic) | 1.42 | 1.20 | 0.98 | 1.38 | 1.96 | 3.44 |
| EPS (Diluted) | 1.35 | 1.13 | 0.93 | 1.33 | 1.87 | 3.27 |
| Effective Tax Rate | 24.22% | 26.05% | 25.00% | 26.68% | 30.30% | 25.29% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 92.57M | 159.30M | 105.96M | 116.97M | 100.57M | 85.75M |
| Investment Securities | 33.41M | 9.00M | 50.20M | 19.59M | 4.80M | 5.90M |
| Trading Asset Securities | 509.00K | |||||
| Mortgage-Backed Securities | 14.29M | 11.42M | ||||
| Total Investments | 33.41M | 9.00M | 50.70M | 19.59M | 19.09M | 17.32M |
| Gross Loans | 649.40M | 607.92M | 465.34M | 372.21M | 236.60M | 207.96M |
| Allowance for Loan Losses | -79.82M | -36.80M | -13.18M | -12.89M | -11.98M | -9.86M |
| Other Adjustments to Gross Loans | -7.16M | -4.25M | -767.00K | -399.00K | ||
| Net Loans | 569.58M | 563.96M | 447.92M | 358.56M | 224.22M | 198.10M |
| Property, Plant & Equipment | 10.04M | 18.08M | 17.29M | 18.92M | 14.52M | 3.29M |
| Loans Held for Sale | 134.66M | 146.47M | 91.59M | 47.51M | 23.59M | 60.75M |
| Accrued Interest Receivable | 3.71M | 3.57M | 3.57M | 1.82M | 1.55M | |
| Other Receivables | 3.54M | 8.87M | 2.40M | |||
| Restricted Cash | 4.10M | 3.20M | ||||
| Long-Term Deferred Tax Assets | 2.93M | 2.35M | 1.17M | 1.82M | ||
| Other Long-Term Assets | 72.88M | 66.19M | 16.53M | 18.45M | 15.36M | 11.25M |
| Total Assets | 958.33M | 977.13M | 745.98M | 586.22M | 400.78M | 380.21M |
| Interest Bearing Deposits | 570.18M | 572.52M | 407.27M | 307.35M | 162.48M | 137.64M |
| Institutional Deposits | 13.60M | 10.90M | 2.00M | 1.70M | 3.70M | |
| Non-Interest Bearing Deposits | 137.43M | 168.44M | 126.78M | 95.49M | 78.82M | 110.55M |
| Total Deposits | 707.60M | 754.56M | 544.95M | 404.83M | 243.00M | 251.89M |
| Short-Term Borrowings | 148.00K | |||||
| Current Portion of Leases | 1.21M | |||||
| Current Income Taxes Payable | 837.00K | 4.42M | 1.87M | 1.08M | 233.00K | |
| Accrued Interest Payable | 2.63M | 1.49M | 619.00K | 54.00K | 48.00K | |
| Long-Term Debt | 190.00K | 314.00K | 1.05M | |||
| Long-Term Leases | 3.20M | 5.30M | 6.30M | 7.02M | ||
| Long-Term Deferred Tax Liabilities | 899.00K | 748.00K | ||||
| Other Long-Term Liabilities | 42.67M | 21.35M | 15.19M | 16.61M | 8.86M | 11.55M |
| Total Liabilities | 750.27M | 783.94M | 572.26M | 431.17M | 260.32M | 264.77M |
| Common Stock | 14.00K | 14.00K | 13.00K | 12.00K | 13.00K | 13.00K |
| Additional Paid-In Capital | 61.74M | 60.96M | 56.93M | 51.20M | 54.61M | 54.84M |
| Retained Earnings | 146.31M | 132.20M | 116.59M | 103.84M | 85.83M | 60.59M |
| Comprehensive Income & Other | -11.00K | 26.00K | 187.00K | |||
| Shareholders' Equity | 208.05M | 193.19M | 173.72M | 155.06M | 140.46M | 115.44M |
| Total Liabilities & Equity | 958.33M | 977.13M | 745.98M | 586.22M | 400.78M | 380.21M |
| Total Debt | 4.56M | 5.30M | 6.49M | 7.33M | 1.05M | |
| Net Cash (Debt) | 92.57M | 154.74M | 101.17M | 110.49M | 93.23M | 84.70M |
| Net Cash Per Share | 6.78 | 11.41 | 7.65 | 8.56 | 6.98 | 9.30 |
| Filing Date Shares Outstanding | 13.74M | 13.68M | 13.22M | 12.82M | 12.82M | 12.79M |
| Total Common Shares Outstanding | 13.74M | 13.66M | 13.21M | 12.49M | 12.83M | 12.77M |
| Book Value Per Share | 15.14 | 14.15 | 13.15 | 12.41 | 10.95 | 9.04 |
| Tangible Book Value | 208.05M | 193.19M | 173.72M | 155.06M | 140.46M | 115.44M |
| Tangible Book Value Per Share | 15.14 | 14.15 | 13.15 | 12.41 | 10.95 | 9.04 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 16.09M | 12.74M | 17.46M | 25.11M | 31.58M | |
| Depreciation & Amortization | 4.86M | 5.29M | 3.81M | 2.11M | 1.04M | |
| Gain (Loss) on Sale of Investments | -1.32M | 600.00K | 601.00K | 506.00K | -2.97M | |
| Total Asset Writedown | 924.00K | -865.00K | -376.00K | 1.73M | 800.00K | |
| Provision for Credit Losses | 38.57M | 11.57M | 11.64M | 13.52M | 8.04M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | -54.05M | -44.07M | -23.93M | 37.16M | -39.80M | |
| Accrued Interest Receivable | -141.00K | 7.00K | -1.75M | -270.00K | 81.00K | |
| Change in Other Net Operating Assets | -4.80M | -1.59M | 1.37M | -2.51M | 4.15M | |
| Other Operating Activities | -26.91M | 439.00K | 2.51M | -3.44M | -4.42M | |
| Operating Cash Flow | -28.42M | -14.99M | 12.27M | 61.15M | -9.23M | |
| Capital Expenditures | -5.77M | -4.89M | -7.46M | -7.21M | -2.33M | |
| Sale of Property, Plant and Equipment | 468.00K | 103.00K | ||||
| Investment in Securities | 5.15M | -27.18M | -1.11M | -3.09M | -9.72M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -126.67M | -100.30M | -144.51M | -26.08M | 35.62M | |
| Other Investing Activities | -91.00K | -111.00K | 210.00K | 551.00K | 688.00K | |
| Investing Cash Flow | -126.91M | -132.38M | -152.87M | -35.83M | 24.26M | |
| Long-Term Debt Issued | 5.56M | |||||
| Long-Term Debt Repaid | -126.00K | -125.00K | -736.00K | -105.52M | ||
| Net Debt Issued (Repaid) | -126.00K | -125.00K | -736.00K | -99.96M | ||
| Issuance of Common Stock | 481.00K | 25.00K | 44.00K | 260.00K | 35.89M | |
| Repurchase of Common Stock | -516.00K | -461.00K | -4.74M | -1.14M | ||
| Net Increase (Decrease) in Deposit Accounts | 209.61M | 140.12M | 161.84M | -8.89M | 87.42M | |
| Financing Cash Flow | 209.57M | 139.56M | 157.01M | -10.51M | 23.35M | |
| Net Cash Flow | 54.24M | -7.81M | 16.41M | 14.81M | 38.37M | |
| Free Cash Flow | -34.19M | -19.89M | 4.81M | 53.94M | -11.57M | |
| Free Cash Flow Margin | -37.13% | -28.48% | 7.47% | 72.12% | -16.11% | |
| Free Cash Flow Per Share | -2.52 | -1.50 | 0.37 | 4.04 | -1.27 | |
| Cash Interest Paid | 19.16M | 14.56M | 9.41M | 1.43M | 1.41M | |
| Cash Income Tax Paid | 7.06M | 8.06M | 6.63M | 9.36M | 10.47M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 181.28M | 243.75M | 211.11M | 178.78M | 118.99M | 176.13M |
| Last Close Price | 13.19 | 17.94 | 15.98 | 14.31 | 9.26 | 13.79 |
| PE Ratio | 9.75 | 15.84 | 17.09 | 10.41 | 4.78 | 5.91 |
| PS Ratio | 1.27 | 2.65 | 3.02 | 2.78 | 1.59 | 2.45 |
| PB Ratio | 0.87 | 1.26 | 1.22 | 1.15 | 0.85 | 1.53 |
| P/FCF Ratio | 29.72 | 37.19 | 2.21 | |||
| P/OCF Ratio | 32.76 | 14.58 | 1.95 | |||
| Debt / Equity Ratio | 0.02 | 0.03 | 0.04 | 0.05 | 0.01 | |
| Debt / FCF Ratio | 1.35 | 0.14 | ||||
| Net Debt / Equity Ratio | -0.45 | -0.80 | -0.58 | -0.71 | -0.66 | -0.73 |
| Net Debt / FCF Ratio | 4.53 | 5.09 | -22.98 | -1.73 | 7.32 | |
| Return on Equity (ROE) | 9.70% | 8.77% | 7.75% | 11.82% | 19.63% | 39.16% |
| Return on Assets (ROA) | 2.07% | 1.87% | 1.91% | 3.54% | 6.43% | 9.05% |
| Earnings Yield | 10.25% | 6.60% | 6.04% | 9.77% | 21.11% | 17.93% |
| FCF Yield | 3.36% | -14.03% | -9.42% | 2.69% | 45.33% | -6.57% |
| Buyback Yield / Dilution | -1.20% | -2.54% | -2.47% | 3.35% | -46.65% | -12.87% |