Company research
Finwise Bancorp
CIK 1856365Updated Sep 26, 2026
SecurityFINW · NASDAQ · equity
FINW price & chart
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NASDAQ:FINW on TradingView ↗In the news
FinWise Bancorp Announces BIN Sponsorship Agreement with Vera, Inc. to Launch Unsecured Consumer Credit Card Program for Prime and Near‑Prime U.S Consumers ↗
Recent filings
10-Q filing
4 filing
Results of Operations and Financial Condition · Regulation FD Disclosure
Items 2.02, 7.01, 9.01
Regulation FD Disclosure
Items 7.01, 9.01
S-8 filing
Financials
FY 2025 · USDSource
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 977,135,000Source | 745,976,000Source | 586,221,000Source | 400,780,000Source |
| Property, Plant and Equipment, NetUSD | 2,540,000Source | 16,328,000Source | 14,630,000Source | 9,478,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 163,400,000Source | 109,162,000Source | 116,975,000Source | 100,567,000Source |
| Operating Lease, Right-of-Use AssetUSD | 2,963,000Source | 3,564,000Source | 4,293,000Source | 5,041,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 783,940,000Source | 572,256,000Source | 431,165,000Source | 260,321,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 14,000Source | 13,000Source | 12,000Source | 13,000Source |
| Retained Earnings (Accumulated Deficit)USD | 132,197,000Source | 116,594,000Source | 103,844,000Source | 85,832,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 26,000Source | 187,000Source | — | — |
| Stockholders' Equity Attributable to ParentUSD | 193,195,000Source | 173,720,000Source | 155,056,000Source | 140,459,000Source |
| Additional Paid in Capital, Common StockUSD | 60,958,000Source | 56,926,000Source | 51,200,000Source | 54,614,000Source |
| Liabilities and EquityUSD | 977,135,000Source | 745,976,000Source | 586,221,000Source | 400,780,000Source |
| Deferred Income Tax Liabilities, NetUSD | 0Source | 899,000Source | 748,000Source | — |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | — | 899,000Source | 748,000Source | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 900,000Source | 3,200,000Source | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 3,579,000Source | 2,046,000Source | 2,046,000Source | 778,000Source |
| Deferred Income Tax Expense (Benefit)USD | -3,192,000Source | — | — | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -28,424,000Source | -14,991,000Source | 12,265,000Source | 61,153,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -126,912,000Source | -132,379,000Source | -152,870,000Source | -35,834,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 219,000Source | 4,895,000Source | 7,458,000Source | 7,213,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 516,000Source | — | — | — |
| Payments for Repurchase of Common StockUSD | 0Source | 461,000Source | 4,741,000Source | 1,136,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 209,574,000Source | 139,557,000Source | 157,013,000Source | -10,506,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 54,238,000Source | -7,813,000Source | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 163,400,000Source | 109,162,000Source | 116,975,000Source | 100,567,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 19,157,000Source | 14,565,000Source | 9,410,000Source | 1,428,000Source |
| Income Taxes Paid, NetUSD | 7,063,000Source | — | — | — |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 3,579,000Source | 2,046,000Source | 2,046,000Source | 778,000Source |
| DepreciationUSD | — | — | 1,000,000Source | 1,000,000Source |
| Fair Value, Option, Changes in Fair Value, Gain (Loss)USD | 1,300,000Source | -625,000Source | — | — |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | 38,479,000Source | 11,248,000Source | 11,525,000Source | — |
| Gain (Loss) on Sales of Loans, NetUSD | 6,373,000Source | 2,036,000Source | 1,684,000Source | 13,550,000Source |
| Income Tax Expense (Benefit)USD | 5,669,000Source | 4,247,000Source | 6,353,000Source | 10,916,000Source |
| Net Income (Loss) Attributable to ParentUSD | 16,091,000Source | 12,742,000Source | 17,460,000Source | 25,115,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 15,386,000Source | 12,352,000Source | 17,172,000Source | 24,922,000Source |
| Operating Lease, ExpenseUSD | 944,000Source | 962,000Source | 911,000Source | 1,098,000Source |
| Other Interest and Dividend IncomeUSD | 3,902,000Source | 4,563,000Source | 5,751,000Source | 1,180,000Source |
| Other Operating Income (Expense), NetUSD | -37,599,000Source | — | — | — |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | 2,500,000Source | — | — | — |
| Proceeds from Stock Options ExercisedUSD | 481,000Source | 25,000Source | 44,000Source | 260,000Source |
| Financing Receivable, Credit Loss, Expense (Reversal)USD | 38,573,000Source | 11,573,000Source | 11,638,000Source | 13,519,000Source |
| Unrealized Gain (Loss) on InvestmentsUSD | 1,300,000Source | -625,000Source | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 21,760,000Source | 16,989,000Source | 23,813,000Source | 36,031,000Source |
| Income Tax Expense (Benefit)USD | 5,669,000Source | 4,247,000Source | 6,353,000Source | 10,916,000Source |
| Net Income (Loss) Attributable to ParentUSD | 16,091,000Source | 12,742,000Source | 17,460,000Source | 25,115,000Source |
| Earnings Per Share, BasicUSD per share | 1.2Source | 0.98Source | 1.38Source | 1.96Source |
| Earnings Per Share, DilutedUSD per share | 1.13Source | 0.93Source | 1.33Source | 1.87Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 12,828,016Source | 12,612,455Source | 12,488,564Source | 12,729,898Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 13,565,336Source | 13,228,869Source | 12,909,648Source | 13,357,022Source |
| Additional Financial Items | ||||
| Current Income Tax Expense (Benefit)USD | 8,861,000Source | — | — | — |
| Depreciation, Depletion and Amortization, NonproductionUSD | 4,864,000Source | 5,289,000Source | 3,811,000Source | 2,107,000Source |
| Fair Value, Option, Changes in Fair Value, Gain (Loss)USD | 1,300,000Source | -625,000Source | — | — |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | 38,479,000Source | 11,248,000Source | 11,525,000Source | — |
| Interest ExpenseUSD | — | — | 9,975,000Source | 1,434,000Source |
| InterestExpenseOperatingUSD | 20,295,000Source | 15,440,000Source | — | — |
| Interest Income (Expense), NetUSD | 72,183,000Source | 58,912,000Source | 54,559,000Source | 50,895,000Source |
| Labor and Related ExpenseUSD | 42,288,000Source | 35,205,000Source | 25,751,000Source | 24,489,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 15,386,000Source | 12,352,000Source | 17,172,000Source | 24,922,000Source |
| Operating Lease, ExpenseUSD | 944,000Source | 962,000Source | 911,000Source | 1,098,000Source |
| Other Interest and Dividend IncomeUSD | 3,902,000Source | 4,563,000Source | 5,751,000Source | 1,180,000Source |
| Other Operating Income (Expense), NetUSD | -37,599,000Source | — | — | — |
| Reclassification from AOCI, Current Period, before Tax, Attributable to ParentUSD | 387,000Source | — | — | — |
| Undistributed Earnings (Loss) Allocated to Participating Securities, BasicUSD | 705,000Source | 390,000Source | 288,000Source | 193,000Source |