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

Earnings data Q1 2022

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Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

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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 Reports Third Quarter 2022 Results

FinWise is unknown and misunderstood. FinWise has transformed into a fintech lending powerhouse.

FinWise: An Unknown, Cheap, And Growing Microcap Fintech Firm

MURRAY, Utah, Oct. 13, 2022 (GLOBE NEWSWIRE) -- FinWise Bancorp and FinWise Bank (“FinWise”) announced today the retirement of Chairman of the Board of Directors, Russell “Fred” Healey, Jr. effective as of 10/6/22. Mr. Healey steps down after nearly two decades of service to the bank, and 12 years as Chairman. Kent Landvatter, CEO and President, has been named as Chairman of both FinWise Bancorp and FinWise Bank.

FinWise Chairman, Russell F. Healey, Jr. Announces Retirement

FinWise Bancorp (NASDAQ:FINW ) Q2 2022 Earnings Conference Call July 27, 2022 5:30 PM ET Company Participants Kent Landvatter – President and Chief Executive Officer Javvis Jacobson – Chief Financial Officer Conference Call Participants Andrew Terrell – Stephens Andrew Liesch – Piper Sandler Operator Greetings. Welcome to the FinWise Bancorp Second Quarter 2022 Earnings Conference Call.

FinWise Bancorp's (FINW) CEO Kent Landvatter on Q2 2022 Results - Earnings Call Transcript

FinWise Bancorp Reports Second Quarter 2022 Results

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MURRAY, Utah, June 28, 2022 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), the parent company of FinWise Bank, announced today that it will report its second quarter 2022 results and host a call after the market close on Wednesday, July 27, 2022.

FinWise Bancorp to Report Second Quarter 2022 Results on Wednesday, July 27, 2022

MURRAY, Utah, June 22, 2022 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), the parent company of FinWise Bank, today announced the appointment of Simon Darchis as Vice President, Director of Specialty Lending. Mr. Darchis will replace David Tilis effective immediately. Mr. Tilis has decided to leave the Company, but has agreed to stay on as a consultant for a period of one year to facilitate a seamless transition.

FinWise Bancorp Announces Appointment of Simon Darchis as Vice President, Director of Specialty Lending

MURRAY, Utah, May 16, 2022 (GLOBE NEWSWIRE) -- This press release corrects a prior version published on April 28, 2022 and is updated to revise the accounting treatment of certain deferred loan acquisition costs when the guaranteed portions of SBA 7(a) loans were sold. Subsequent to issuing the original press release and during the Company's preparation of its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2022, the Company determined that it had been incorrectly accounting for such deferred loan acquisition costs. No corrections are required with respect to the Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2022 as filed with the Securities and Exchange Commission on May 16, 2022. In the first quarter of 2021, FinWise Bancorp started paying marketing fees (representing a new expense component to the Company) on SBA 7(a) loans, which are amortized over the life of the loan. The impact to the Company of correcting the accounting for such marketing fees and related deferred loan acquisition costs were reductions in interest income and net loan balances of $1.1 million and the provision for income taxes of $0.3 million for the first quarter ended March 31, 2022. As a result, the Company's financial results for the first quarter ended March 31, 2022 previously reported in the original press release have been revised to reflect the foregoing changes to interest income and the provision for income taxes. This resulted in a $0.8 million reduction in net income for the first quarter ended March 31, 2022 comprising a cumulative correction of $0.6 million and $0.2 million for the year ended December 31, 2021 (as an out-of-period adjustment) and the quarter ended March 31, 2022, respectively. The Company's revised net income is $9.4 million, or $0.70 per share, for the quarter ended March 31, 2022. The book value per share of the Company's common stock decreased by $0.07 as a result of the revision to $9.77 per share at March 31, 2022. The revision had minimal impact on the Company's capital ratios. The corrected release reads:

CORRECTION – FinWise Bancorp

FinWise Bancorp (NASDAQ:FINW ) Q1 2022 Earnings Conference Call April 28, 2022 5:00 PM ET Company Participants Kent Landvatter - Chief Executive Officer & President Javvis Jacobson - Chief Financial Officer David Tilis - Chief Strategy Officer & Senior Vice President Jim Noone - Chief Credit Officer & Executive Vice President Conference Call Participants Michael Hultquist - Piper Sandler Samuel Varga - Stephens Operator Greetings. Welcome to the FinWise Bancorp First Quarter 2022 Earnings Conference Call.

FinWise Bancorp (FINW) CEO Kent Landvatter on Q1 2022 Results - Earnings Call Transcript

FinWise Bancorp Reports First Quarter 2022 Results

MURRAY, Utah, April 12, 2022 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), the parent company of FinWise Bank, announced today that it will report its first quarter 2022 results and host a call after the market close on Thursday, April 28, 2022.

FinWise Bancorp to Report First Quarter 2022 Results on Thursday, April 28, 2022

FinWise Bancorp (FINW) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Is FinWise Bancorp (FINW) Stock a Solid Choice Right Now?

FinWise Bancorp (FINW) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.

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

- Net Income Grew 19.8 % Quarter over Quarter t o $10.1 Million -

FinWise Bancorp Reports Fourth Quarter and Full Year 2021 Results

MURRAY, Utah, Jan. 31, 2022 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), the parent company of FinWise Bank, announced today that it will report its fourth quarter and full year 2021 results after the market close on Wednesday, February 23, 2022.

FinWise Bancorp to Report Fourth Quarter and Full Year 2021 Results on Wednesday, February 23, 2022

FinWise Bancorp is a small $338 million asset bank. The bank partners with many fintech lenders to originate billions of loan volume.

FinWise Bancorp: A Risky Fintech-Heavy Partnership Model With Huge Potential Upside

MURRAY, Utah, Nov. 23, 2021 (GLOBE NEWSWIRE) -- FinWise Bancorp ("FinWise" or the "Company"), parent company of FinWise Bank (the "Bank"), today announced that it has completed its initial public offering of a total of 4,025,000 shares of its common stock at a public offering price of $10.50 per share, including 525,000 shares of common stock sold pursuant to the underwriters' overallotment option, which was exercised in full. The offering is expected to result in gross proceeds to the Company of approximately $42.3 million. The net proceeds to the Company, after deducting the underwriting discount and estimated offering expenses, are expected to be approximately $35.6 million. The Company shares began trading on November 19, 2021 on the Nasdaq Global Market under the symbol "FINW."

FinWise Bancorp Closes Initial Public Offering of Common Stock

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MURRAY, Utah, Nov. 18, 2021 (GLOBE NEWSWIRE) -- FinWise Bancorp (“FinWise” or the "Company"), parent company of FinWise Bank (the “Bank”), today announced the pricing of its initial public offering of 3,500,000 shares of its common stock at a public offering price of $10.50 per share. The offering is expected to result in gross proceeds to the Company of approximately $36.8 million. The net proceeds to the Company, after deducting the underwriting discount and estimated offering expenses, are expected to be approximately $31.0 million. The shares are expected to begin trading on November 19, 2021 on the Nasdaq Global Market under the symbol "FINW." The offering is expected to close on or about November 23, 2021, subject to the satisfaction of customary closing conditions.

FinWise Bancorp Announces Pricing of Initial Public Offering of Common Stock

FinWise Bancorp has filed to raise $58 million in a U.S. IPO.

FinWise Bancorp Proposes Terms For $58 Million IPO

MURRAY, Utah, Aug. 04, 2021 (GLOBE NEWSWIRE) -- FinWise Bancorp (“FinWise” or the "Company"), parent company of FinWise Bank (the “Bank”), today announced the launch of its initial public offering of common stock. The Company is offering 3,571,429 shares and a selling shareholder is offering 558,030 shares. The underwriters will have a 30-day option to purchase up to an additional 535,714 shares of common stock from the Company. The initial public offering price is currently expected to be between $13.00 and $15.00 per share. The common stock is expected to trade on the Nasdaq Global Market under the symbol "FINW."

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