Annual Income Statements for FinWise Bancorp
This table shows FinWise Bancorp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for FinWise Bancorp
This table shows FinWise Bancorp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
| Metric |
|
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Q4 2025 |
Q1 2026 |
| Net Income / (Loss) Attributable to Common Shareholders |
|
4.80 |
4.16 |
3.32 |
3.18 |
3.45 |
2.79 |
3.19 |
4.10 |
4.89 |
3.91 |
2.74 |
| Consolidated Net Income / (Loss) |
|
4.80 |
4.16 |
3.32 |
3.18 |
3.45 |
2.79 |
3.19 |
4.10 |
4.89 |
3.91 |
2.74 |
| Net Income / (Loss) Continuing Operations |
|
4.80 |
4.16 |
3.32 |
3.18 |
3.45 |
2.79 |
3.19 |
4.10 |
4.89 |
3.91 |
2.74 |
| Total Pre-Tax Income |
|
6.50 |
5.81 |
4.51 |
4.18 |
4.61 |
3.69 |
4.44 |
5.43 |
6.41 |
5.49 |
3.80 |
| Total Revenue |
|
19 |
21 |
20 |
20 |
21 |
22 |
22 |
25 |
37 |
47 |
43 |
| Net Interest Income / (Expense) |
|
14 |
14 |
14 |
15 |
15 |
16 |
14 |
15 |
19 |
25 |
28 |
| Total Interest Income |
|
17 |
18 |
18 |
18 |
19 |
19 |
19 |
20 |
24 |
30 |
34 |
| Loans and Leases Interest Income |
|
16 |
16 |
16 |
17 |
18 |
18 |
17 |
18 |
23 |
29 |
32 |
| Investment Securities Interest Income |
|
0.09 |
0.10 |
0.10 |
0.10 |
0.30 |
0.40 |
0.39 |
0.39 |
0.36 |
0.35 |
0.34 |
| Other Interest Income |
|
1.57 |
1.76 |
1.51 |
1.44 |
1.04 |
0.57 |
0.99 |
0.87 |
1.07 |
0.97 |
1.13 |
| Total Interest Expense |
|
2.80 |
3.69 |
3.64 |
3.81 |
4.16 |
3.83 |
4.26 |
5.01 |
5.36 |
5.67 |
5.45 |
| Deposits Interest Expense |
|
2.80 |
3.68 |
3.64 |
3.81 |
4.16 |
3.83 |
4.26 |
5.01 |
5.36 |
5.67 |
5.45 |
| Total Non-Interest Income |
|
4.89 |
6.75 |
5.66 |
5.17 |
6.05 |
6.13 |
7.81 |
10 |
18 |
22 |
15 |
| Other Service Charges |
|
5.04 |
4.49 |
4.71 |
4.97 |
5.63 |
4.09 |
6.48 |
6.28 |
7.24 |
6.81 |
6.81 |
| Net Realized & Unrealized Capital Gains on Investments |
|
-0.14 |
0.34 |
0.29 |
0.16 |
0.29 |
0.55 |
1.33 |
1.78 |
2.05 |
2.59 |
7.12 |
| Other Non-Interest Income |
|
- |
- |
- |
0.04 |
- |
- |
0.00 |
2.28 |
8.76 |
- |
0.70 |
| Provision for Credit Losses |
|
3.07 |
3.21 |
3.15 |
2.39 |
2.16 |
3.88 |
3.34 |
4.73 |
13 |
18 |
11 |
| Total Non-Interest Expense |
|
9.73 |
12 |
12 |
13 |
14 |
14 |
14 |
15 |
17 |
24 |
28 |
| Salaries and Employee Benefits |
|
6.42 |
7.40 |
7.56 |
8.61 |
9.66 |
9.38 |
9.83 |
10 |
11 |
11 |
11 |
| Net Occupancy & Equipment Expense |
|
0.96 |
0.92 |
0.54 |
0.56 |
0.54 |
1.09 |
0.54 |
0.45 |
0.46 |
0.43 |
0.43 |
| Other Operating Expenses |
|
2.36 |
3.52 |
3.90 |
4.05 |
3.84 |
3.42 |
3.95 |
3.98 |
6.18 |
12 |
17 |
| Income Tax Expense |
|
1.70 |
1.66 |
1.19 |
1.00 |
1.16 |
0.90 |
1.25 |
1.33 |
1.52 |
1.57 |
1.06 |
| Basic Earnings per Share |
|
$0.38 |
$0.34 |
$0.26 |
$0.25 |
$0.26 |
$0.21 |
$0.24 |
$0.31 |
$0.36 |
$0.29 |
$0.21 |
| Weighted Average Basic Shares Outstanding |
|
12.39M |
12.49M |
12.50M |
12.63M |
12.66M |
12.61M |
12.72M |
12.78M |
12.86M |
12.83M |
13.02M |
| Diluted Earnings per Share |
|
$0.37 |
$0.32 |
$0.25 |
$0.24 |
$0.25 |
$0.19 |
$0.23 |
$0.29 |
$0.34 |
$0.27 |
$0.20 |
| Weighted Average Diluted Shares Outstanding |
|
12.87M |
12.91M |
13.04M |
13.11M |
13.26M |
13.23M |
13.48M |
13.47M |
13.62M |
13.57M |
13.64M |
| Weighted Average Basic & Diluted Shares Outstanding |
|
12.49M |
12.82M |
12.79M |
13.21M |
13.21M |
13.22M |
13.21M |
13.52M |
13.59M |
13.68M |
13.71M |
Annual Cash Flow Statements for FinWise Bancorp
This table details how cash moves in and out of FinWise Bancorp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
| Metric |
|
2021 |
2022 |
2023 |
2024 |
2025 |
| Net Change in Cash & Equivalents |
|
38 |
15 |
16 |
-7.81 |
54 |
| Net Cash From Operating Activities |
|
-9.23 |
61 |
12 |
-15 |
-28 |
| Net Cash From Continuing Operating Activities |
|
-9.23 |
61 |
12 |
-15 |
-28 |
| Net Income / (Loss) Continuing Operations |
|
32 |
25 |
17 |
13 |
16 |
| Consolidated Net Income / (Loss) |
|
32 |
25 |
17 |
13 |
16 |
| Provision For Loan Losses |
|
8.04 |
14 |
12 |
12 |
39 |
| Depreciation Expense |
|
1.04 |
2.11 |
3.81 |
5.29 |
4.86 |
| Amortization Expense |
|
0.03 |
2.37 |
0.00 |
-0.03 |
-0.02 |
| Non-Cash Adjustments to Reconcile Net Income |
|
-53 |
20 |
-23 |
-44 |
-81 |
| Changes in Operating Assets and Liabilities, net |
|
2.71 |
-2.11 |
2.10 |
-0.62 |
-7.00 |
| Net Cash From Investing Activities |
|
24 |
-36 |
-153 |
-132 |
-127 |
| Net Cash From Continuing Investing Activities |
|
24 |
-36 |
-153 |
-132 |
-127 |
| Purchase of Property, Leasehold Improvements and Equipment |
|
-2.33 |
-7.21 |
-7.46 |
-4.90 |
-5.77 |
| Purchase of Investment Securities |
|
-17 |
-14 |
-147 |
-131 |
-233 |
| Sale of Property, Leasehold Improvements and Equipment |
|
- |
- |
- |
0.10 |
0.47 |
| Sale and/or Maturity of Investments |
|
42 |
-15 |
1.84 |
3.37 |
111 |
| Net Cash From Financing Activities |
|
23 |
-11 |
157 |
140 |
210 |
| Net Cash From Continuing Financing Activities |
|
23 |
-11 |
157 |
140 |
210 |
| Net Change in Deposits |
|
87 |
-8.89 |
162 |
140 |
210 |
| Repayment of Debt |
|
-106 |
-0.74 |
-0.13 |
-0.13 |
0.00 |
| Repurchase of Common Equity |
|
0.00 |
-1.14 |
-4.74 |
-0.46 |
0.00 |
| Other Financing Activities, Net |
|
0.31 |
0.26 |
0.04 |
0.03 |
-0.04 |
| Cash Interest Paid |
|
1.41 |
1.43 |
9.41 |
15 |
19 |
Quarterly Cash Flow Statements for FinWise Bancorp
This table details how cash moves in and out of FinWise Bancorp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
| Metric |
|
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Q4 2025 |
Q1 2026 |
| Net Change in Cash & Equivalents |
|
7.73 |
-9.80 |
-1.19 |
-27 |
-3.24 |
23 |
11 |
-30 |
16 |
58 |
-66 |
| Net Cash From Operating Activities |
|
8.30 |
9.73 |
1.76 |
-7.59 |
-9.82 |
0.66 |
-22 |
-18 |
3.45 |
8.08 |
20 |
| Net Cash From Continuing Operating Activities |
|
8.30 |
9.73 |
1.76 |
-7.59 |
-9.82 |
0.66 |
-22 |
-18 |
3.45 |
8.08 |
20 |
| Net Income / (Loss) Continuing Operations |
|
4.80 |
4.16 |
3.32 |
3.18 |
3.45 |
2.79 |
3.19 |
4.10 |
4.89 |
3.92 |
2.74 |
| Consolidated Net Income / (Loss) |
|
4.80 |
4.16 |
3.32 |
3.18 |
3.45 |
2.79 |
3.19 |
4.10 |
4.89 |
3.92 |
2.74 |
| Provision For Loan Losses |
|
3.07 |
3.21 |
3.15 |
2.39 |
2.16 |
3.88 |
3.34 |
4.73 |
13 |
18 |
11 |
| Depreciation Expense |
|
1.20 |
0.97 |
1.08 |
1.57 |
1.51 |
1.14 |
1.38 |
1.13 |
1.15 |
1.21 |
1.14 |
| Amortization Expense |
|
-0.00 |
0.00 |
-0.00 |
-0.01 |
-0.01 |
-0.01 |
-0.01 |
-0.01 |
-0.00 |
0.00 |
0.00 |
| Non-Cash Adjustments to Reconcile Net Income |
|
-2.18 |
-1.88 |
-7.37 |
-12 |
-17 |
-7.69 |
-28 |
-32 |
-19 |
-2.68 |
11 |
| Changes in Operating Assets and Liabilities, net |
|
1.42 |
3.27 |
1.59 |
-3.00 |
0.22 |
0.55 |
-1.38 |
3.32 |
3.23 |
-12 |
-5.92 |
| Net Cash From Investing Activities |
|
-52 |
-38 |
-22 |
-24 |
-53 |
-34 |
-28 |
-41 |
-35 |
-23 |
-6.46 |
| Net Cash From Continuing Investing Activities |
|
-52 |
-38 |
-22 |
-24 |
-53 |
-34 |
-28 |
-41 |
-35 |
-23 |
-6.46 |
| Purchase of Property, Leasehold Improvements and Equipment |
|
-1.72 |
-1.13 |
-1.19 |
-0.06 |
-3.58 |
-0.07 |
-1.64 |
1.45 |
-5.57 |
-0.01 |
-0.02 |
| Purchase of Investment Securities |
|
-51 |
-37 |
-21 |
-25 |
-50 |
-35 |
-45 |
-44 |
-99 |
-62 |
-33 |
| Sale of Property, Leasehold Improvements and Equipment |
|
- |
- |
0.00 |
- |
- |
- |
0.29 |
0.60 |
-0.42 |
- |
0.03 |
| Sale and/or Maturity of Investments |
|
0.51 |
0.45 |
0.57 |
0.89 |
0.68 |
1.34 |
18 |
0.77 |
71 |
39 |
26 |
| Net Cash From Financing Activities |
|
52 |
18 |
19 |
4.78 |
59 |
56 |
61 |
29 |
47 |
73 |
-80 |
| Net Cash From Continuing Financing Activities |
|
52 |
18 |
19 |
4.78 |
59 |
56 |
61 |
29 |
47 |
73 |
-80 |
| Net Change in Deposits |
|
54 |
18 |
19 |
5.10 |
59 |
56 |
61 |
29 |
47 |
72 |
-80 |
| Other Financing Activities, Net |
|
0.00 |
- |
0.02 |
- |
0.01 |
0.00 |
0.02 |
-0.24 |
-0.26 |
0.45 |
0.00 |
| Cash Interest Paid |
|
2.69 |
3.65 |
3.67 |
3.79 |
4.12 |
2.99 |
3.00 |
4.02 |
4.59 |
7.55 |
5.85 |
| Cash Income Taxes Paid |
|
- |
1.58 |
0.10 |
1.27 |
3.04 |
3.66 |
0.41 |
2.90 |
0.61 |
- |
0.07 |
Annual Balance Sheets for FinWise Bancorp
This table presents FinWise Bancorp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
| Metric |
|
2021 |
2022 |
2023 |
2024 |
2025 |
| Total Assets |
|
380 |
401 |
586 |
746 |
977 |
| Cash and Due from Banks |
|
0.41 |
0.39 |
0.41 |
9.60 |
12 |
| Interest Bearing Deposits at Other Banks |
|
85 |
100 |
117 |
100 |
151 |
| Trading Account Securities |
|
72 |
38 |
63 |
122 |
184 |
| Loans and Leases, Net of Allowance |
|
0.00 |
224 |
359 |
0.00 |
542 |
| Premises and Equipment, Net |
|
3.29 |
9.48 |
15 |
14 |
13 |
| Other Assets |
|
219 |
27 |
31 |
502 |
75 |
| Total Liabilities & Shareholders' Equity |
|
380 |
401 |
586 |
746 |
977 |
| Total Liabilities |
|
265 |
260 |
431 |
572 |
784 |
| Non-Interest Bearing Deposits |
|
111 |
79 |
95 |
127 |
168 |
| Interest Bearing Deposits |
|
141 |
164 |
309 |
418 |
586 |
| Other Long-Term Liabilities |
|
12 |
16 |
26 |
26 |
29 |
| Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Total Equity & Noncontrolling Interests |
|
115 |
140 |
155 |
174 |
193 |
| Total Preferred & Common Equity |
|
115 |
140 |
155 |
174 |
193 |
| Preferred Stock |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Total Common Equity |
|
115 |
140 |
155 |
174 |
193 |
| Common Stock |
|
55 |
55 |
51 |
57 |
61 |
| Retained Earnings |
|
61 |
86 |
104 |
117 |
132 |
| Accumulated Other Comprehensive Income / (Loss) |
|
- |
- |
0.00 |
0.19 |
0.03 |
Quarterly Balance Sheets for FinWise Bancorp
This table presents FinWise Bancorp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
| Metric |
|
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Q1 2026 |
| Total Assets |
|
555 |
611 |
618 |
683 |
804 |
842 |
900 |
899 |
| Cash and Due from Banks |
|
0.38 |
3.94 |
5.16 |
7.71 |
8.16 |
9.39 |
10 |
6.29 |
| Interest Bearing Deposits at Other Banks |
|
126 |
112 |
84 |
78 |
112 |
81 |
95 |
91 |
| Trading Account Securities |
|
62 |
70 |
80 |
128 |
149 |
189 |
195 |
171 |
| Loans and Leases, Net of Allowance |
|
324 |
377 |
399 |
418 |
0.00 |
507 |
534 |
539 |
| Premises and Equipment, Net |
|
14 |
15 |
16 |
17 |
14 |
17 |
16 |
12 |
| Other Assets |
|
27 |
31 |
28 |
31 |
521 |
36 |
46 |
81 |
| Total Liabilities & Shareholders' Equity |
|
555 |
611 |
618 |
683 |
804 |
842 |
900 |
899 |
| Total Liabilities |
|
405 |
448 |
452 |
513 |
627 |
661 |
712 |
703 |
| Non-Interest Bearing Deposits |
|
94 |
107 |
107 |
143 |
123 |
121 |
131 |
127 |
| Interest Bearing Deposits |
|
292 |
317 |
322 |
346 |
482 |
514 |
552 |
548 |
| Other Long-Term Liabilities |
|
17 |
24 |
22 |
23 |
18 |
22 |
25 |
28 |
| Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Total Equity & Noncontrolling Interests |
|
150 |
162 |
166 |
170 |
177 |
182 |
188 |
197 |
| Total Preferred & Common Equity |
|
150 |
162 |
166 |
170 |
177 |
182 |
188 |
197 |
| Preferred Stock |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Total Common Equity |
|
150 |
162 |
166 |
170 |
177 |
182 |
188 |
197 |
| Common Stock |
|
51 |
55 |
55 |
56 |
58 |
58 |
59 |
62 |
| Retained Earnings |
|
100 |
107 |
110 |
114 |
120 |
124 |
128 |
135 |
| Accumulated Other Comprehensive Income / (Loss) |
|
- |
- |
- |
0.34 |
0.02 |
0.00 |
0.05 |
0.04 |
Annual Metrics And Ratios for FinWise Bancorp
This table displays calculated financial ratios and metrics derived from FinWise Bancorp's official financial filings.
| Metric |
|
2021 |
2022 |
2023 |
2024 |
2025 |
| DEI Shares Outstanding |
|
0.00 |
12,850,357.00 |
12,493,565.00 |
- |
13,586,921.00 |
| DEI Adjusted Shares Outstanding |
|
0.00 |
12,850,357.00 |
12,493,565.00 |
- |
13,586,921.00 |
| DEI Earnings Per Adjusted Shares Outstanding |
|
0.00 |
1.95 |
1.40 |
- |
1.18 |
| Growth Metrics |
|
- |
- |
- |
- |
- |
| Revenue Growth |
|
0.00% |
10.63% |
-13.92% |
7.08% |
60.53% |
| EBITDA Growth |
|
0.00% |
-6.53% |
-31.80% |
-19.45% |
19.56% |
| EBIT Growth |
|
0.00% |
-14.76% |
-33.91% |
-28.66% |
28.08% |
| NOPAT Growth |
|
0.00% |
-20.48% |
-30.48% |
-27.02% |
26.28% |
| Net Income Growth |
|
0.00% |
-20.48% |
-30.48% |
-27.02% |
26.28% |
| EPS Growth |
|
0.00% |
-42.81% |
-28.88% |
-30.08% |
21.51% |
| Operating Cash Flow Growth |
|
0.00% |
762.40% |
-79.94% |
-222.23% |
-89.61% |
| Free Cash Flow Firm Growth |
|
0.00% |
0.00% |
258.15% |
-294.04% |
40.96% |
| Invested Capital Growth |
|
0.00% |
20.84% |
10.28% |
11.94% |
11.21% |
| Revenue Q/Q Growth |
|
0.00% |
-2.19% |
-1.69% |
1.14% |
24.51% |
| EBITDA Q/Q Growth |
|
0.00% |
-4.07% |
-16.15% |
-8.10% |
7.61% |
| EBIT Q/Q Growth |
|
0.00% |
-11.16% |
-11.80% |
-11.10% |
8.99% |
| NOPAT Q/Q Growth |
|
0.00% |
-12.43% |
-12.03% |
-9.67% |
7.49% |
| Net Income Q/Q Growth |
|
0.00% |
-12.43% |
-12.03% |
-9.67% |
7.49% |
| EPS Q/Q Growth |
|
0.00% |
-19.05% |
-11.33% |
-12.26% |
7.62% |
| Operating Cash Flow Q/Q Growth |
|
0.00% |
24.82% |
-54.47% |
-153.23% |
20.70% |
| Free Cash Flow Firm Q/Q Growth |
|
0.00% |
0.00% |
-22.52% |
-0.85% |
-45.93% |
| Invested Capital Q/Q Growth |
|
0.00% |
4.56% |
3.07% |
1.94% |
2.89% |
| Profitability Metrics |
|
- |
- |
- |
- |
- |
| EBITDA Margin |
|
54.29% |
45.87% |
36.34% |
27.34% |
20.36% |
| EBIT Margin |
|
52.96% |
40.80% |
31.33% |
20.87% |
16.65% |
| Profit (Net Income) Margin |
|
39.57% |
28.44% |
22.97% |
15.65% |
12.31% |
| Tax Burden Percent |
|
74.71% |
69.70% |
73.32% |
75.00% |
73.95% |
| Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
| Effective Tax Rate |
|
25.29% |
30.30% |
26.68% |
25.00% |
26.05% |
| Return on Invested Capital (ROIC) |
|
27.11% |
19.52% |
11.80% |
7.75% |
8.77% |
| ROIC Less NNEP Spread (ROIC-NNEP) |
|
27.11% |
19.52% |
11.80% |
7.75% |
0.00% |
| Return on Net Nonoperating Assets (RNNOA) |
|
0.25% |
0.10% |
0.02% |
0.01% |
0.00% |
| Return on Equity (ROE) |
|
27.36% |
19.63% |
11.82% |
7.75% |
0.00% |
| Cash Return on Invested Capital (CROIC) |
|
0.00% |
0.65% |
2.02% |
-3.52% |
-1.84% |
| Operating Return on Assets (OROA) |
|
11.12% |
9.23% |
4.83% |
2.55% |
2.53% |
| Return on Assets (ROA) |
|
8.31% |
6.43% |
3.54% |
1.91% |
1.87% |
| Return on Common Equity (ROCE) |
|
27.36% |
19.63% |
11.82% |
7.75% |
0.00% |
| Return on Equity Simple (ROE_SIMPLE) |
|
27.36% |
17.88% |
11.26% |
7.33% |
8.33% |
| Net Operating Profit after Tax (NOPAT) |
|
32 |
25 |
17 |
13 |
16 |
| NOPAT Margin |
|
39.57% |
28.44% |
22.97% |
15.65% |
12.31% |
| Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| SG&A Expenses to Revenue |
|
28.35% |
30.23% |
38.23% |
48.46% |
33.80% |
| Operating Expenses to Revenue |
|
36.97% |
43.89% |
53.36% |
64.91% |
53.83% |
| Earnings before Interest and Taxes (EBIT) |
|
42 |
36 |
24 |
17 |
22 |
| Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
43 |
41 |
28 |
22 |
27 |
| Valuation Ratios |
|
- |
- |
- |
- |
- |
| Price to Book Value (P/BV) |
|
0.42 |
0.85 |
1.15 |
1.22 |
1.26 |
| Price to Tangible Book Value (P/TBV) |
|
0.42 |
0.85 |
1.15 |
1.22 |
1.26 |
| Price to Revenue (P/Rev) |
|
0.60 |
1.35 |
2.35 |
2.59 |
1.87 |
| Price to Earnings (P/E) |
|
1.53 |
4.74 |
10.24 |
16.57 |
15.15 |
| Dividend Yield |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Earnings Yield |
|
65.44% |
21.11% |
9.77% |
6.04% |
6.60% |
| Enterprise Value to Invested Capital (EV/IC) |
|
0.00 |
0.13 |
0.40 |
0.59 |
0.42 |
| Enterprise Value to Revenue (EV/Rev) |
|
0.00 |
0.21 |
0.82 |
1.25 |
0.61 |
| Enterprise Value to EBITDA (EV/EBITDA) |
|
0.00 |
0.46 |
2.24 |
4.58 |
3.02 |
| Enterprise Value to EBIT (EV/EBIT) |
|
0.00 |
0.52 |
2.60 |
6.00 |
3.69 |
| Enterprise Value to NOPAT (EV/NOPAT) |
|
0.00 |
0.75 |
3.55 |
8.01 |
4.99 |
| Enterprise Value to Operating Cash Flow (EV/OCF) |
|
0.00 |
0.31 |
5.05 |
0.00 |
0.00 |
| Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
22.47 |
20.76 |
0.00 |
0.00 |
| Leverage & Solvency |
|
- |
- |
- |
- |
- |
| Debt to Equity |
|
0.01 |
0.00 |
0.00 |
0.00 |
0.00 |
| Long-Term Debt to Equity |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Financial Leverage |
|
0.01 |
0.01 |
0.00 |
0.00 |
0.00 |
| Leverage Ratio |
|
3.29 |
3.05 |
3.34 |
4.05 |
4.70 |
| Compound Leverage Factor |
|
3.29 |
3.05 |
3.34 |
4.05 |
4.70 |
| Debt to Total Capital |
|
0.90% |
0.22% |
0.12% |
0.04% |
0.00% |
| Short-Term Debt to Total Capital |
|
0.90% |
0.22% |
0.12% |
0.04% |
0.00% |
| Long-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Common Equity to Total Capital |
|
99.10% |
99.78% |
99.88% |
99.96% |
100.00% |
| Debt to EBITDA |
|
0.02 |
0.01 |
0.01 |
0.00 |
0.00 |
| Net Debt to EBITDA |
|
-1.95 |
-2.48 |
-4.23 |
-4.90 |
0.00 |
| Long-Term Debt to EBITDA |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Debt to NOPAT |
|
0.03 |
0.01 |
0.01 |
0.01 |
0.00 |
| Net Debt to NOPAT |
|
-2.68 |
-3.99 |
-6.69 |
-8.56 |
0.00 |
| Long-Term Debt to NOPAT |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Liquidity Ratios |
|
- |
- |
- |
- |
- |
| Cash Flow Metrics |
|
- |
- |
- |
- |
- |
| Free Cash Flow to Firm (FCFF) |
|
0.00 |
0.83 |
2.99 |
-5.80 |
-3.38 |
| Operating Cash Flow to CapEx |
|
-395.54% |
847.82% |
164.45% |
-306.25% |
-536.40% |
| Free Cash Flow to Firm to Interest Expense |
|
0.00 |
0.58 |
0.30 |
-0.38 |
-0.17 |
| Operating Cash Flow to Interest Expense |
|
-7.30 |
42.65 |
1.23 |
-0.97 |
-1.40 |
| Operating Cash Flow Less CapEx to Interest Expense |
|
-9.14 |
37.62 |
0.48 |
-1.29 |
-1.66 |
| Efficiency Ratios |
|
- |
- |
- |
- |
- |
| Asset Turnover |
|
0.21 |
0.23 |
0.15 |
0.12 |
0.15 |
| Fixed Asset Turnover |
|
24.30 |
13.84 |
6.31 |
5.26 |
9.94 |
| Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
| Invested Capital |
|
116 |
141 |
155 |
174 |
193 |
| Invested Capital Turnover |
|
0.69 |
0.69 |
0.51 |
0.49 |
0.71 |
| Increase / (Decrease) in Invested Capital |
|
0.00 |
24 |
14 |
19 |
19 |
| Enterprise Value (EV) |
|
-36 |
19 |
62 |
102 |
80 |
| Market Capitalization |
|
48 |
119 |
179 |
211 |
244 |
| Book Value per Share |
|
$13.32 |
$10.93 |
$12.41 |
$13.15 |
$14.22 |
| Tangible Book Value per Share |
|
$13.32 |
$10.93 |
$12.41 |
$13.15 |
$14.22 |
| Total Capital |
|
116 |
141 |
155 |
174 |
193 |
| Total Debt |
|
1.05 |
0.31 |
0.19 |
0.06 |
0.00 |
| Total Long-Term Debt |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Net Debt |
|
-85 |
-100 |
-117 |
-109 |
-163 |
| Capital Expenditures (CapEx) |
|
2.33 |
7.21 |
7.46 |
4.90 |
5.30 |
| Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Net Nonoperating Obligations (NNO) |
|
1.05 |
0.31 |
0.19 |
0.06 |
0.00 |
| Total Depreciation and Amortization (D&A) |
|
1.06 |
4.47 |
3.81 |
5.26 |
4.85 |
| Earnings Adjustments |
|
- |
- |
- |
- |
- |
| Adjusted Basic Earnings per Share |
|
$0.00 |
$1.96 |
$1.38 |
$0.98 |
$1.20 |
| Adjusted Weighted Average Basic Shares Outstanding |
|
0.00 |
12.73M |
12.49M |
12.61M |
12.83M |
| Adjusted Diluted Earnings per Share |
|
$0.00 |
$1.87 |
$1.33 |
$0.93 |
$1.13 |
| Adjusted Weighted Average Diluted Shares Outstanding |
|
0.00 |
13.36M |
12.91M |
13.23M |
13.57M |
| Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
0.00 |
12.82M |
12.82M |
13.22M |
13.68M |
| Normalized Net Operating Profit after Tax (NOPAT) |
|
32 |
26 |
17 |
13 |
16 |
| Normalized NOPAT Margin |
|
40.32% |
29.80% |
22.97% |
15.65% |
12.31% |
| Pre Tax Income Margin |
|
52.96% |
40.80% |
31.33% |
20.87% |
16.65% |
| Debt Service Ratios |
|
- |
- |
- |
- |
- |
| EBIT to Interest Expense |
|
33.42 |
25.13 |
2.39 |
1.10 |
1.07 |
| NOPAT to Interest Expense |
|
24.97 |
17.51 |
1.75 |
0.83 |
0.79 |
| EBIT Less CapEx to Interest Expense |
|
31.57 |
20.10 |
1.64 |
0.78 |
0.81 |
| NOPAT Less CapEx to Interest Expense |
|
23.12 |
12.48 |
1.00 |
0.51 |
0.53 |
| Payout Ratios |
|
- |
- |
- |
- |
- |
| Dividend Payout Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Augmented Payout Ratio |
|
0.00% |
4.52% |
27.15% |
3.62% |
0.00% |
Quarterly Metrics And Ratios for FinWise Bancorp
This table displays calculated financial ratios and metrics derived from FinWise Bancorp's official financial filings.
| Metric |
|
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Q4 2025 |
Q1 2026 |
| DEI Shares Outstanding |
|
12,719,773.00 |
12,493,565.00 |
12,818,944.00 |
12,793,555.00 |
13,211,160.00 |
- |
13,216,440.00 |
13,214,827.00 |
13,519,230.00 |
13,586,921.00 |
13,676,859.00 |
| DEI Adjusted Shares Outstanding |
|
12,719,773.00 |
12,493,565.00 |
12,818,944.00 |
12,793,555.00 |
13,211,160.00 |
- |
13,216,440.00 |
13,214,827.00 |
13,519,230.00 |
13,586,921.00 |
13,676,859.00 |
| DEI Earnings Per Adjusted Shares Outstanding |
|
0.38 |
0.33 |
0.26 |
0.25 |
0.26 |
- |
0.24 |
0.31 |
0.36 |
0.29 |
0.20 |
| Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Revenue Growth |
|
-3.69% |
-5.82% |
18.25% |
4.31% |
7.84% |
2.56% |
12.31% |
26.71% |
76.10% |
121.72% |
93.38% |
| EBITDA Growth |
|
5.85% |
-43.98% |
-4.78% |
-21.27% |
-20.53% |
-28.94% |
3.98% |
14.05% |
23.60% |
39.06% |
-14.83% |
| EBIT Growth |
|
-8.66% |
-35.42% |
-13.70% |
-33.43% |
-29.06% |
-36.49% |
-1.62% |
29.89% |
39.04% |
48.63% |
-14.38% |
| NOPAT Growth |
|
31.47% |
-36.49% |
-14.14% |
-31.44% |
-28.10% |
-32.81% |
-3.80% |
28.84% |
41.60% |
40.14% |
-14.24% |
| Net Income Growth |
|
31.47% |
-36.49% |
-14.14% |
-31.44% |
-28.10% |
-32.81% |
-3.80% |
28.84% |
41.60% |
40.14% |
-14.24% |
| EPS Growth |
|
37.04% |
-34.69% |
-13.79% |
-31.43% |
-32.43% |
-40.63% |
-8.00% |
20.83% |
36.00% |
42.11% |
-13.04% |
| Operating Cash Flow Growth |
|
1,221.76% |
-60.13% |
-46.98% |
16.42% |
-218.27% |
-93.25% |
-1,329.82% |
-141.81% |
135.17% |
1,129.38% |
191.21% |
| Free Cash Flow Firm Growth |
|
91.46% |
41.84% |
1.20% |
-23.82% |
-46.56% |
-52.63% |
21.49% |
20.63% |
24.40% |
0.77% |
-43.18% |
| Invested Capital Growth |
|
11.88% |
10.28% |
12.45% |
12.34% |
13.18% |
11.94% |
9.05% |
9.66% |
10.14% |
11.21% |
10.85% |
| Revenue Q/Q Growth |
|
1.79% |
9.39% |
-6.86% |
0.57% |
5.24% |
4.04% |
4.54% |
13.47% |
46.26% |
27.80% |
-8.83% |
| EBITDA Q/Q Growth |
|
5.60% |
-11.89% |
-17.65% |
2.76% |
6.59% |
-21.21% |
20.49% |
12.71% |
15.51% |
-11.35% |
-26.21% |
| EBIT Q/Q Growth |
|
3.57% |
-10.58% |
-22.42% |
-7.34% |
10.36% |
-19.95% |
20.18% |
22.34% |
18.13% |
-14.43% |
-30.77% |
| NOPAT Q/Q Growth |
|
3.58% |
-13.47% |
-20.26% |
-4.07% |
8.62% |
-19.14% |
14.18% |
28.47% |
19.38% |
-19.98% |
-30.12% |
| Net Income Q/Q Growth |
|
3.58% |
-13.47% |
-20.26% |
-4.07% |
8.62% |
-19.14% |
14.18% |
28.47% |
19.38% |
-19.98% |
-30.12% |
| EPS Q/Q Growth |
|
5.71% |
-13.51% |
-21.88% |
-4.00% |
4.17% |
-24.00% |
21.05% |
26.09% |
17.24% |
-20.59% |
-25.93% |
| Operating Cash Flow Q/Q Growth |
|
191.44% |
17.19% |
-81.94% |
-531.82% |
-29.41% |
106.69% |
-3,388.89% |
15.10% |
118.82% |
133.91% |
144.01% |
| Free Cash Flow Firm Q/Q Growth |
|
7.90% |
7.80% |
-42.39% |
-2.41% |
-9.01% |
3.99% |
26.46% |
-3.53% |
-3.84% |
-25.51% |
-6.11% |
| Invested Capital Q/Q Growth |
|
1.98% |
3.07% |
4.76% |
2.02% |
2.74% |
1.94% |
2.10% |
2.59% |
3.19% |
2.89% |
1.77% |
| Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| EBITDA Margin |
|
39.86% |
32.11% |
28.39% |
29.00% |
29.38% |
22.25% |
26.28% |
26.10% |
20.62% |
14.30% |
11.57% |
| EBIT Margin |
|
33.67% |
27.52% |
22.93% |
21.12% |
22.15% |
17.04% |
20.08% |
21.65% |
17.49% |
11.71% |
8.89% |
| Profit (Net Income) Margin |
|
24.89% |
19.69% |
16.85% |
16.08% |
16.59% |
12.90% |
14.44% |
16.35% |
13.34% |
8.35% |
6.40% |
| Tax Burden Percent |
|
73.91% |
71.52% |
73.52% |
76.11% |
74.91% |
75.67% |
71.89% |
75.49% |
76.29% |
71.35% |
72.01% |
| Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
| Effective Tax Rate |
|
26.09% |
28.48% |
26.48% |
23.89% |
25.09% |
24.33% |
28.11% |
24.51% |
23.71% |
28.65% |
27.99% |
| Return on Invested Capital (ROIC) |
|
13.49% |
10.11% |
8.67% |
8.19% |
8.41% |
6.38% |
7.12% |
8.37% |
7.82% |
5.95% |
5.18% |
| ROIC Less NNEP Spread (ROIC-NNEP) |
|
13.49% |
10.11% |
8.67% |
8.19% |
8.41% |
6.38% |
7.12% |
8.37% |
7.82% |
0.00% |
0.00% |
| Return on Net Nonoperating Assets (RNNOA) |
|
0.03% |
0.02% |
0.01% |
0.01% |
0.01% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Return on Equity (ROE) |
|
13.52% |
10.13% |
8.68% |
8.20% |
8.42% |
6.39% |
7.12% |
8.38% |
7.82% |
0.00% |
0.00% |
| Cash Return on Invested Capital (CROIC) |
|
2.70% |
2.02% |
-0.71% |
-1.76% |
-3.58% |
-3.52% |
-1.24% |
-1.44% |
-1.29% |
-1.84% |
-1.93% |
| Operating Return on Assets (OROA) |
|
5.54% |
4.24% |
3.44% |
3.03% |
2.91% |
2.08% |
2.38% |
2.64% |
2.32% |
1.78% |
1.58% |
| Return on Assets (ROA) |
|
4.09% |
3.03% |
2.53% |
2.31% |
2.18% |
1.58% |
1.71% |
1.99% |
1.77% |
1.27% |
1.14% |
| Return on Common Equity (ROCE) |
|
13.52% |
10.13% |
8.68% |
8.20% |
8.42% |
6.39% |
7.12% |
8.38% |
7.82% |
0.00% |
0.00% |
| Return on Equity Simple (ROE_SIMPLE) |
|
13.20% |
0.00% |
10.41% |
9.32% |
8.28% |
0.00% |
7.11% |
7.44% |
7.97% |
0.00% |
7.95% |
| Net Operating Profit after Tax (NOPAT) |
|
4.80 |
4.16 |
3.32 |
3.18 |
3.45 |
2.79 |
3.19 |
4.10 |
4.89 |
3.91 |
2.74 |
| NOPAT Margin |
|
24.89% |
19.69% |
16.85% |
16.08% |
16.59% |
12.90% |
14.44% |
16.35% |
13.34% |
8.35% |
6.40% |
| Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| SG&A Expenses to Revenue |
|
38.20% |
39.41% |
41.21% |
46.33% |
49.01% |
48.34% |
46.94% |
43.63% |
30.74% |
24.74% |
26.83% |
| Operating Expenses to Revenue |
|
50.42% |
57.28% |
61.04% |
66.82% |
67.49% |
65.06% |
64.82% |
59.49% |
47.60% |
50.49% |
66.34% |
| Earnings before Interest and Taxes (EBIT) |
|
6.50 |
5.81 |
4.51 |
4.18 |
4.61 |
3.69 |
4.44 |
5.43 |
6.41 |
5.49 |
3.80 |
| Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
7.70 |
6.78 |
5.58 |
5.74 |
6.12 |
4.82 |
5.81 |
6.54 |
7.56 |
6.70 |
4.94 |
| Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Price to Book Value (P/BV) |
|
0.73 |
1.15 |
0.79 |
0.79 |
1.21 |
1.22 |
1.30 |
1.09 |
1.40 |
1.26 |
1.10 |
| Price to Tangible Book Value (P/TBV) |
|
0.73 |
1.15 |
0.79 |
0.79 |
1.21 |
1.22 |
1.30 |
1.09 |
1.40 |
1.26 |
1.10 |
| Price to Revenue (P/Rev) |
|
1.42 |
2.35 |
1.63 |
1.64 |
2.53 |
2.59 |
2.76 |
2.23 |
2.50 |
1.87 |
1.43 |
| Price to Earnings (P/E) |
|
5.54 |
10.24 |
7.62 |
8.45 |
14.61 |
16.57 |
18.34 |
14.66 |
17.51 |
15.15 |
13.87 |
| Dividend Yield |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Earnings Yield |
|
18.06% |
9.77% |
13.13% |
11.83% |
6.84% |
6.04% |
5.45% |
6.82% |
5.71% |
6.60% |
7.21% |
| Enterprise Value to Invested Capital (EV/IC) |
|
0.00 |
0.40 |
0.08 |
0.25 |
0.71 |
0.59 |
0.63 |
0.59 |
0.83 |
0.42 |
0.61 |
| Enterprise Value to Revenue (EV/Rev) |
|
0.00 |
0.82 |
0.17 |
0.52 |
1.48 |
1.25 |
1.33 |
1.21 |
1.49 |
0.61 |
0.79 |
| Enterprise Value to EBITDA (EV/EBITDA) |
|
0.00 |
2.24 |
0.48 |
1.62 |
4.97 |
4.58 |
4.95 |
4.65 |
6.33 |
3.02 |
4.66 |
| Enterprise Value to EBIT (EV/EBIT) |
|
0.00 |
2.60 |
0.57 |
1.99 |
6.30 |
6.00 |
6.57 |
5.96 |
7.84 |
3.69 |
5.68 |
| Enterprise Value to NOPAT (EV/NOPAT) |
|
0.00 |
3.55 |
0.78 |
2.70 |
8.54 |
8.01 |
8.81 |
8.00 |
10.46 |
4.99 |
7.67 |
| Enterprise Value to Operating Cash Flow (EV/OCF) |
|
0.00 |
5.05 |
1.23 |
3.42 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
9.30 |
| Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
20.76 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Debt to Equity |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Long-Term Debt to Equity |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Financial Leverage |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Leverage Ratio |
|
3.30 |
3.34 |
3.43 |
3.55 |
3.86 |
4.05 |
4.16 |
4.20 |
4.42 |
4.70 |
4.56 |
| Compound Leverage Factor |
|
3.30 |
3.34 |
3.43 |
3.55 |
3.86 |
4.05 |
4.16 |
4.20 |
4.42 |
4.70 |
4.56 |
| Debt to Total Capital |
|
0.15% |
0.12% |
0.10% |
0.08% |
0.06% |
0.04% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Short-Term Debt to Total Capital |
|
0.15% |
0.12% |
0.10% |
0.08% |
0.06% |
0.04% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Long-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Common Equity to Total Capital |
|
99.85% |
99.88% |
99.90% |
99.92% |
99.94% |
99.96% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
| Debt to EBITDA |
|
0.01 |
0.01 |
0.01 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Net Debt to EBITDA |
|
-3.84 |
-4.23 |
-4.23 |
-3.45 |
-3.54 |
-4.90 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Long-Term Debt to EBITDA |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Debt to NOPAT |
|
0.01 |
0.01 |
0.01 |
0.01 |
0.01 |
0.01 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Net Debt to NOPAT |
|
-6.38 |
-6.69 |
-6.84 |
-5.75 |
-6.07 |
-8.56 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Long-Term Debt to NOPAT |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Free Cash Flow to Firm (FCFF) |
|
-11 |
-10 |
-15 |
-15 |
-16 |
-16 |
-12 |
-12 |
-12 |
-16 |
-17 |
| Operating Cash Flow to CapEx |
|
481.50% |
861.65% |
147.77% |
-11,854.69% |
-274.48% |
1,010.77% |
-1,594.69% |
0.00% |
57.66% |
134,616.67% |
0.00% |
| Free Cash Flow to Firm to Interest Expense |
|
-3.99 |
-2.80 |
-4.04 |
-3.95 |
-3.94 |
-4.11 |
-2.71 |
-2.38 |
-2.31 |
-2.75 |
-3.03 |
| Operating Cash Flow to Interest Expense |
|
2.96 |
2.64 |
0.48 |
-1.99 |
-2.36 |
0.17 |
-5.08 |
-3.66 |
0.64 |
1.43 |
3.62 |
| Operating Cash Flow Less CapEx to Interest Expense |
|
2.35 |
2.33 |
0.16 |
-2.01 |
-3.22 |
0.15 |
-5.40 |
-3.25 |
-0.47 |
1.42 |
3.62 |
| Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Asset Turnover |
|
0.16 |
0.15 |
0.15 |
0.14 |
0.13 |
0.12 |
0.12 |
0.12 |
0.13 |
0.15 |
0.18 |
| Fixed Asset Turnover |
|
7.36 |
6.31 |
6.51 |
5.54 |
5.20 |
5.26 |
5.78 |
5.41 |
6.33 |
9.94 |
11.83 |
| Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Invested Capital |
|
151 |
155 |
163 |
166 |
170 |
174 |
177 |
182 |
188 |
193 |
197 |
| Invested Capital Turnover |
|
0.54 |
0.51 |
0.51 |
0.51 |
0.51 |
0.49 |
0.49 |
0.51 |
0.59 |
0.71 |
0.81 |
| Increase / (Decrease) in Invested Capital |
|
16 |
14 |
18 |
18 |
20 |
19 |
15 |
16 |
17 |
19 |
19 |
| Enterprise Value (EV) |
|
-17 |
62 |
13 |
42 |
120 |
102 |
111 |
108 |
157 |
80 |
120 |
| Market Capitalization |
|
110 |
179 |
129 |
131 |
206 |
211 |
231 |
198 |
262 |
244 |
217 |
| Book Value per Share |
|
$11.82 |
$12.41 |
$12.68 |
$12.96 |
$12.90 |
$13.15 |
$13.42 |
$13.77 |
$13.89 |
$14.22 |
$14.38 |
| Tangible Book Value per Share |
|
$11.82 |
$12.41 |
$12.68 |
$12.96 |
$12.90 |
$13.15 |
$13.42 |
$13.77 |
$13.89 |
$14.22 |
$14.38 |
| Total Capital |
|
151 |
155 |
163 |
166 |
170 |
174 |
177 |
182 |
188 |
193 |
197 |
| Total Debt |
|
0.22 |
0.19 |
0.16 |
0.13 |
0.11 |
0.06 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Total Long-Term Debt |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Net Debt |
|
-127 |
-117 |
-116 |
-89 |
-86 |
-109 |
-120 |
-90 |
-106 |
-163 |
-97 |
| Capital Expenditures (CapEx) |
|
1.72 |
1.13 |
1.19 |
0.06 |
3.58 |
0.07 |
1.36 |
-2.05 |
5.99 |
0.01 |
-0.01 |
| Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Net Nonoperating Obligations (NNO) |
|
0.22 |
0.19 |
0.16 |
0.13 |
0.11 |
0.06 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Total Depreciation and Amortization (D&A) |
|
1.20 |
0.97 |
1.07 |
1.56 |
1.50 |
1.13 |
1.37 |
1.12 |
1.15 |
1.21 |
1.15 |
| Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Adjusted Basic Earnings per Share |
|
$0.38 |
$0.34 |
$0.26 |
$0.25 |
$0.26 |
$0.21 |
$0.24 |
$0.31 |
$0.36 |
$0.29 |
$0.21 |
| Adjusted Weighted Average Basic Shares Outstanding |
|
12.39M |
12.49M |
12.50M |
12.63M |
12.66M |
12.61M |
12.72M |
12.78M |
12.86M |
12.83M |
13.02M |
| Adjusted Diluted Earnings per Share |
|
$0.37 |
$0.32 |
$0.25 |
$0.24 |
$0.25 |
$0.19 |
$0.23 |
$0.29 |
$0.34 |
$0.27 |
$0.20 |
| Adjusted Weighted Average Diluted Shares Outstanding |
|
12.87M |
12.91M |
13.04M |
13.11M |
13.26M |
13.23M |
13.48M |
13.47M |
13.62M |
13.57M |
13.64M |
| Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
12.49M |
12.82M |
12.79M |
13.21M |
13.21M |
13.22M |
13.21M |
13.52M |
13.59M |
13.68M |
13.71M |
| Normalized Net Operating Profit after Tax (NOPAT) |
|
4.80 |
4.16 |
3.32 |
3.18 |
3.45 |
2.79 |
3.19 |
4.10 |
4.89 |
3.91 |
2.74 |
| Normalized NOPAT Margin |
|
24.89% |
19.69% |
16.85% |
16.08% |
16.59% |
12.90% |
14.44% |
16.35% |
13.34% |
8.35% |
6.40% |
| Pre Tax Income Margin |
|
33.67% |
27.52% |
22.93% |
21.12% |
22.15% |
17.04% |
20.08% |
21.65% |
17.49% |
11.71% |
8.89% |
| Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| EBIT to Interest Expense |
|
2.32 |
1.58 |
1.24 |
1.10 |
1.11 |
0.96 |
1.04 |
1.08 |
1.20 |
0.97 |
0.70 |
| NOPAT to Interest Expense |
|
1.72 |
1.13 |
0.91 |
0.84 |
0.83 |
0.73 |
0.75 |
0.82 |
0.91 |
0.69 |
0.50 |
| EBIT Less CapEx to Interest Expense |
|
1.71 |
1.27 |
0.91 |
1.08 |
0.25 |
0.95 |
0.72 |
1.49 |
0.08 |
0.97 |
0.70 |
| NOPAT Less CapEx to Interest Expense |
|
1.10 |
0.82 |
0.58 |
0.82 |
-0.03 |
0.71 |
0.43 |
1.23 |
-0.20 |
0.69 |
0.50 |
| Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Dividend Payout Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Augmented Payout Ratio |
|
28.53% |
27.15% |
27.82% |
18.24% |
3.27% |
3.62% |
0.00% |
-0.04% |
0.00% |
0.00% |
0.00% |
Key Financial Trends
FinWise Bancorp’s latest quarter showed a sharp rebound in profitability, but cash flow and balance sheet trends were mixed. In Q1 2026, the company earned $2.7 million, up from $2.0 million in Q1 2025 and $3.9 million in Q4 2025, while net interest income and total revenue also improved versus the prior year. However, operating cash flow weakened materially from the strong Q4 2025 level, deposits fell, and the bank continued to build credit-loss provisions, suggesting a business that is still growing but facing some margin and funding pressure.
- Revenue improved year over year. Q1 2026 total revenue rose to $42.7 million from $22.1 million in Q1 2025, driven by stronger net interest income and higher non-interest income.
- Net interest income expanded nicely. Net interest income increased to $28.1 million in Q1 2026 from $14.3 million a year ago, showing better earning power on the loan and securities portfolio.
- Net income increased year over year. Bottom-line profit rose to $2.7 million in Q1 2026 from $3.2 million in Q1 2025 restated and $3.9 million in Q4 2025, indicating solid quarter-to-quarter resilience despite higher expenses.
- Book equity continued to grow. Total common equity reached $196.6 million at March 31, 2026, up from $177.4 million a year earlier and $187.8 million at Q3 2025.
- Loan balances increased. Net loans and leases rose to $539.2 million in Q1 2026 from $506.5 million in Q2 2025 and $418.1 million in Q3 2024, reflecting continued balance sheet growth.
- Non-interest income remained an important contributor. Q1 2026 non-interest income of $14.6 million was boosted by service charges and investment gains, helping offset pressure in other areas.
- Deposit funding remains large, but it slipped in the quarter. Total deposits declined to $674.9 million in Q1 2026 from $679.3 million in Q3 2025, with a notably large $79.7 million net decrease in deposits during the quarter.
- Credit-loss provisioning stayed elevated. Provision for credit losses was $10.6 million in Q1 2026, up from $4.7 million in Q2 2025 and well above Q1 2025, which may reflect management’s caution on asset quality.
- Operating cash flow weakened sharply versus the prior quarter. Net cash from operating activities was $19.7 million in Q1 2026, down from $80.8 million in Q4 2025 and $3.5 million in Q3 2025, showing less cash generation than the headline earnings improvement suggests.
- The quarter saw a large net cash outflow. Net change in cash and equivalents was negative $66.5 million in Q1 2026, driven by deposit outflows and investment activity.
Bottom line: FinWise Bancorp is still growing its earnings base and tangible equity, and its core revenue engine improved meaningfully year over year. Still, investors should watch the company’s deposit trends, elevated credit provisioning, and volatile cash flow, since those factors could limit the durability of the recent improvement if funding costs or loan losses worsen.
07/21/26 06:06 AM ETAI Generated. May Contain Errors.