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FinWise Bancorp (FINW) Financials

FinWise Bancorp logo
$13.65 -0.17 (-1.23%)
Closing price 07/20/2026 04:00 PM Eastern
Extended Trading
$13.64 -0.01 (-0.07%)
As of 07/20/2026 04:04 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
Annual Income Statements for FinWise Bancorp

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.

Metric 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders
32 25 17 13 16
Consolidated Net Income / (Loss)
32 25 17 13 16
Net Income / (Loss) Continuing Operations
32 25 17 13 16
Total Pre-Tax Income
42 36 24 17 22
Total Revenue
80 88 76 81 131
Net Interest Income / (Expense)
48 51 55 59 72
Total Interest Income
49 52 65 74 92
Loans and Leases Interest Income
49 51 58 69 87
Investment Securities Interest Income
0.05 0.21 0.34 0.90 1.49
Other Interest Income
0.06 1.18 5.75 4.56 3.90
Total Interest Expense
1.27 1.43 9.98 15 20
Deposits Interest Expense
1.14 1.43 9.97 15 20
Total Non-Interest Income
32 37 21 22 58
Other Service Charges
19 24 19 20 27
Net Realized & Unrealized Capital Gains on Investments
9.69 14 1.08 1.41 7.67
Other Non-Interest Income
2.99 -0.48 - - 24
Provision for Credit Losses
8.04 14 12 12 39
Total Non-Interest Expense
30 39 41 53 70
Salaries and Employee Benefits
22 24 26 35 42
Net Occupancy & Equipment Expense
0.88 2.20 3.31 2.18 1.88
Other Operating Expenses
6.09 10 12 15 26
Income Tax Expense
11 11 6.35 4.25 5.67
Basic Earnings per Share
$3.44 $1.96 $1.38 $0.98 $1.20
Weighted Average Basic Shares Outstanding
8.67M 12.73M 12.49M 12.61M 12.83M
Diluted Earnings per Share
$3.27 $1.87 $1.33 $0.93 $1.13
Weighted Average Diluted Shares Outstanding
9.11M 13.36M 12.91M 13.23M 13.57M
Weighted Average Basic & Diluted Shares Outstanding
- 12.82M 12.82M 13.22M 13.68M

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
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
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
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
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
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
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
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
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
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
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
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
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
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
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%

Financials Breakdown Chart

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.

FinWise Bancorp Financials - Frequently Asked Questions

According to the most recent income statement we have on file, FinWise Bancorp's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

FinWise Bancorp's net income appears to be on a downward trend, with a most recent value of $16.09 million in 2025, falling from $31.58 million in 2021. The previous period was $12.74 million in 2024. See FinWise Bancorp's forecast for analyst expectations on what's next for the company.

Over the last 4 years, FinWise Bancorp's total revenue changed from $79.82 million in 2021 to $130.67 million in 2025, a change of 63.7%.

FinWise Bancorp's total liabilities were at $783.94 million at the end of 2025, a 37.0% increase from 2024, and a 196.1% increase since 2021.

In the past 4 years, FinWise Bancorp's cash and equivalents has ranged from $386 thousand in 2022 to $12.08 million in 2025, and is currently $12.08 million as of their latest financial filing in 2025.

Over the last 4 years, FinWise Bancorp's book value per share changed from 13.32 in 2021 to 14.22 in 2025, a change of 6.8%.



Financial statements for NASDAQ:FINW last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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