Finwise Bancorp

FinWise Bancorp is a bank holding company engaged in the provision of consumer banking and lending services through its subsidiary, FinWise Bank. The company was founded in 2002 and is headquartered in Murray, UT.

Earnings data Q4 2021

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Earnings data Q4 2024

FinWise Bancorp posts robust Q4 results, eyes strategic growth opportunities

FinWise Bancorp delivered a strong performance in Q4 2022, marked by solid financial results and impressive growth in tangible book value per share.
While facing challenges such as increased expenses and tax implications, the company's focus on credit quality and strategic initiatives positions it well for the future.
Opportunities exist for FinWise Bancorp to capitalize on its strong capital position, enhance operational efficiency, and explore new avenues for growth and innovation.

FinWise Bancorp posts solid Q1 results, eyes growth opportunities

FinWise Bancorp delivered a strong financial performance in Q1 2023, maintaining solid credit quality and operational efficiency despite facing challenges in noninterest income and efficiency ratio.
The company's focus on strategic investments and expanding its ecosystem positions it well to capitalize on growth opportunities in deposit expansion and revenue diversification.
While challenges like CECL adoption and lower noninterest income persist, FinWise Bancorp's prudent financial management and growth initiatives present promising opportunities for sustainable long-term success.

FinWise Bancorp reports solid Q2 results and expands strategic investments

FinWise Bancorp's Q2 2023 earnings call showcased resilience amidst macroeconomic challenges, emphasizing strong financial performance, strategic priorities, and prudent capital management. The company's focus on growth, efficiency, and credit quality positions it well for long-term success and value creation.

FinWise Bancorp posts solid Q3 results, eyes growth opportunities

FinWise Bancorp delivered a strong financial performance in Q3 2023, driven by robust revenue and loan origination growth.
The company's focus on maintaining credit quality, enhancing shareholder value, and exploring new revenue streams positions it well for future success.
While challenges like managing expenses and addressing potential credit risks exist, strategic initiatives and a solid capital base offer opportunities for sustained growth.

FinWise Bancorp reports solid Q4 earnings, eyes BaaS expansion

FinWise Bancorp delivered a strong performance in Q4 2023, maintaining solid credit quality and profitability. While facing challenges in net interest margin and nonperforming loans, the bank capitalized on opportunities in BaaS expansion and loan program growth. With a focus on efficiency and growth, FinWise is well-positioned for the future.

Finwise Bancorp reports solid Q1 performance, eyes fintech growth

Finwise Bancorp's Q1 2024 performance reflects a strong financial position with notable growth in loan balances and a focus on expanding fintech partnerships. While facing challenges with rising expenses, the company remains optimistic about future growth opportunities in the fintech space.

FinWise Bancorp reports robust Q2 performance and eyes growth opportunities

FinWise Bancorp's Q2 2024 earnings call highlighted strong performance, stable credit quality, and progress in business diversification. Management's confidence in the business model's strength and upcoming initiatives like the Payments Hub present promising growth prospects. While challenges exist in managing yields and expenses, seizing opportunities for expansion and revenue diversification is key for long-term success.

FinWise Bancorp reports robust Q3 performance amidst growth opportunities

FinWise Bancorp's Q3 performance reflects strong revenue growth and a focus on expanding its loan portfolio.
While challenges like managing NPLs and margin pressures exist, the company's strategic initiatives position it well for future growth.
Opportunities in cross-selling, new lending programs, and revenue diversification present avenues for continued success.
Overall, FinWise Bancorp's performance underscores a solid foundation for navigating market dynamics and driving profitability.

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FinWise Bancorp is a bank holding company, which engages in the provision of consumer banking and lending services through its subsidiary, FinWise Bank. The company was founded in 2002 and is headquartered in Murray, UT.

FinWise Bancorp (FINW) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Strength Seen in FinWise Bancorp (FINW): Can Its 5.0% Jump Turn into More Strength?

FinWise Bancorp NASDAQ: FINW has emerged as a success story in the fintech banking sector. FinWise Bancorp's stock price has more than doubled in the last year, going from a low of around $8 to currently over $18.00.

FinWise Bancorp's CEO Talks Strategy Behind Fintech Success

FinWise Bancorp's unique business model, focusing on strategic growth areas and fintech partnerships, justifies its premium valuation despite being more expensive than typical financial firms. The bank's impressive growth in deposits and loans, coupled with its asset-light approach, contributes to its high return on assets, making it a compelling investment. Despite declining net income and net interest margin, FinWise's diversification into lower-risk loans and innovative services like MoneyRails and BIN Sponsorship offer significant long-term potential.

FinWise Bancorp: Pricey For A Reason

FinWise Bancorp (FINW) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Moving Higher for FinWise Bancorp (FINW): Time to Buy?

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IAG, TCBX and FINW made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on October 29, 2024.

Best Momentum Stock to Buy for October 29th

FinWise Bancorp (FINW) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

Recent Price Trend in FinWise Bancorp (FINW) is Your Friend, Here's Why

FinWise Bancorp (NASDAQ:FINW ) Q3 2024 Earnings Conference Call October 24, 2024 5:30 PM ET Company Participants Juan Arias - Head of Corporate Management and Investor Relations Kent Landvatter – CEO Jim Noone – President Bob Wahlman – CFO Conference Call Participants Andrew Liesch - Piper Sandler Andrew Terrell – Stephens Unknown Analyst – Unknown Company Operator Greetings and welcome to the FinWise Bancorp's Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

FinWise Bancorp (FINW) Q3 2024 Earnings Call Transcript

FinWise Bancorp (FINW) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.37 per share a year ago.

FinWise Bancorp (FINW) Surpasses Q3 Earnings and Revenue Estimates

- Net Income of $3.5 Million - - Diluted Earnings Per Share of $0.25 - - Loan Originations Increase to $1.4 Billion - MURRAY, Utah, Oct. 24, 2024 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), parent company of FinWise Bank (the “Bank”), today announced results for the quarter ended September 30, 2024. Third Quarter 2024 Highlights Loan originations increased to $1.4 billion, compared to $1.2 billion for the quarter ended June 30, 2024, and $1.1 billion for the third quarter of the prior year Net interest income was $14.8 million, compared to $14.6 million for the quarter ended June 30, 2024, and $14.4 million for the third quarter of the prior year Net income was $3.5 million, compared to $3.2 million for the quarter ended June 30, 2024, and $4.8 million for the third quarter of the prior year Diluted earnings per share (“EPS”) were $0.25 for the quarter, compared to $0.24 for the quarter ended June 30, 2024, and $0.37 for the third quarter of the prior year Efficiency ratio1 was 67.5%, compared to 66.3% for the quarter ended June 30, 2024, and 50.4% for the third quarter of the prior year Annualized return on average equity was 8.3%, compared to 7.9% for the quarter ended June 30, 2024, and 12.8% for the third quarter of the prior year The recorded balances of nonperforming loans were $30.6 million as of September 30, 2024, compared to $27.9 million as of June 30, 2024, and $10.7 million as of September 30, 2023.

FinWise Bancorp Reports Third Quarter 2024 Results

If you are looking for stocks that are well positioned to maintain their recent uptrend, FinWise Bancorp (FINW) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.

FinWise Bancorp (FINW) Is a Great Choice for 'Trend' Investors, Here's Why

FinWise Bancorp (FINW) Stock Jumps 5.5%: Will It Continue to Soar?

FinWise Bancorp announced that it will report its third quarter 2024 results and host a conference call and webcast after the market close on 10/24/24.

FinWise Bancorp to Host Third Quarter 2024 Conference Call and Webcast on Thursday, October 24, 2024

FinWise Bancorp (FINW) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

What Makes FinWise Bancorp (FINW) a New Strong Buy Stock

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OBT, AFRM and FINW made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on September 25, 2024.

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Here's Why Momentum in FinWise Bancorp (FINW) Should Keep going

MURRAY, Utah, Sept. 25, 2024 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), parent company of FinWise Bank (the “Bank”), today announced the launch of a new strategic lending program with PowerPay, LLC (“PowerPay”). PowerPay is a leading fintech company specializing in simple and affordable real-time lending and payment solutions to the Home Improvement and Elective HealthCare segments. With over 200 employees, the Company has processed over $8 billion across all 50 states since its inception in 2020.

FinWise Bancorp Announces Strategic Lending Program with PowerPay to Offer Transparent and Affordable Monthly Payments for Home Improvement and Elective Healthcare Purchases

FinWise Bancorp (NASDAQ:FINW ) Q2 2024 Earnings Conference Call July 25, 2024 5:30 PM ET Company Participants Kent Landvatter - CEO Jim Noone - President Bob Wahlman - CFO Juan Arias - Corporate Development & IR Conference Call Participants Andrew Liesch - Piper Sandler Andrew Terrell - Stephens Operator Good afternoon and thank you for joining us today for FinWise Bancorp's Second Quarter 2024 Earnings Conference Call. Earlier today, we filed our earnings release and posted it to our Investor website at investors.finwisebancorp.com.

FinWise Bancorp (FINW) Q2 2024 Earnings Call Transcript

FinWise Bancorp (FINW) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.35 per share a year ago.

FinWise Bancorp (FINW) Tops Q2 Earnings Estimates

- Net Income of $3.2 Million for Second Quarter of 2024 - - Diluted Earnings Per Share of $0.24 for Second Quarter of 2024 - MURRAY, Utah, July 25, 2024 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), parent company of FinWise Bank (the “Bank”), today announced results for the quarter ended June 30, 2024. Second Quarter 2024 Highlights Loan originations were $1.2 billion, compared to $1.1 billion for the quarter ended March 31, 2024, and $1.2 billion for the second quarter of the prior year Net interest income was $14.6 million, compared to $14.0 million for the quarter ended March 31, 2024, and $13.7 million for the second quarter of the prior year Net Income was $3.2 million, compared to $3.3 million for the quarter ended March 31, 2024, and $4.6 million for the second quarter of the prior year Diluted earnings per share (“EPS”) were $0.24 for the quarter, compared to $0.25 for the quarter ended March 31, 2024, and $0.35 for the second quarter of the prior year Efficiency ratio was 66.3%, compared to 60.6% for the quarter ended March 31, 2024, and 52.7% for the second quarter of the prior year (1) Annualized return on average equity (“ROAE”) was 7.9%, compared to 8.4% in the quarter ended March 31, 2024, and 12.8% in the second quarter of the prior year Nonperforming loans were $27.9 million as of June 30, 2024, compared to $26.0 million as of March 31, 2024, and $1.9 million as of the second quarter of the prior year of which $15.8 million, $14.8 million, and $1.1 million as of June 30, 2024, March 31, 2024, and June 30, 2023, respectively, were guaranteed by the Small Business Administration (“SBA”).

FinWise Bancorp Reports Second Quarter 2024 Results

MURRAY, Utah, July 01, 2024 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), the parent company of FinWise Bank, today announced that it will report its second quarter 2024 results and host a webcast and conference call after the market close on Thursday, July 25, 2024.

FinWise Bancorp to Host Second Quarter 2024 Webcast and Conference Call on Thursday, July 25, 2024

MURRAY, Utah, June 10, 2024 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), parent company of FinWise Bank (the “Bank”), today announced that in its June 9, 2024 article, American Banker ranked FinWise Bancorp #2 on its list of the 100 top-performing publicly traded banks with under $2 billion of assets.

FinWise Bancorp Ranked #2 in American Banker's Annual List of Top-Performing Publicly Traded Banks With Under $2 Billion of Assets

MURRAY, Utah, May 16, 2024 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), parent company of FinWise Bank (the “Bank”), today announced the launch of a new strategic lending program with Plannery, Inc. (“Plannery”). Plannery, based in San Mateo, CA and New York, NY, is a cutting-edge financial wellness platform that hospital systems can offer their employees to become and stay debt free.

FinWise Bancorp Announces Strategic Lending Program with Plannery to Provide Debt Consolidation Loans to Healthcare Professionals

FinWise Bancorp (NASDAQ:FINW ) Q1 2024 Earnings Conference Call April 29, 2024 5:30 PM ET Corporate Participants Kent Landvatter - Chief Executive Officer and President Jim Noone - President Bob Wahlman - Chief Financial Officer Conference Call Participants Andrew Liesch - Piper Sandler Andrew Terrell - Stephens Operator Greetings, and welcome to the FinWise Bancorp First Quarter 2024 Earnings Conference Call. At this time all participants are in a listen-only mode.

FinWise Bancorp (FINW) Q1 2024 Earnings Call Transcript

FinWise Bancorp (FINW) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.29 per share a year ago.

FinWise Bancorp (FINW) Q1 Earnings Top Estimates

- Net Income of $3.3 Million for First Quarter of 2024 -

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