Finwise Bancorp FINW

Financials SIC 6022 - State Commercial Banks NAICS Finance and Insurance › Credit Intermediation and Related Activities › Depository Credit Intermediation › Commercial Banking derived Nasdaq

We are FinWise Bancorp, a Utah bank holding company headquartered in Murray, Utah. We operate through our wholly-owned subsidiary, FinWise Bank, a Utah state-chartered bank. Our business is conducted through three reportable segments: traditional banking, banking as a service ("BaaS") and treasury & administration. We currently operate one full-service banking location in Sandy, Utah. We are a nationwide lender to consumers and small businesses. We believe that traditional barriers to servicing banking customers have been substantially lowered due to technological advances in the distribution and management of banking products and services. We seek to capitalize on these advances by leveraging strategic relationships, as well as proprietary loan origination systems and data analytics technology, to expand our reach in marketing channels utilized and credit products offered. As a technology-focused bank, we have utilized technology-oriented loan origination platforms in our Strategic Programs, SBA lending, Residential & Owner Occupied Commercial Real Estate, and Equipment Financing business lines. We have also deployed our own in-house technology to deliver loan and deposit solutions to our customers directly and through third parties.

Last close 13.98 2026-09-04
Market cap $194.1M 2026-06-30 share count
52-week range 12.82 - 22.49

Valuation FY2025 figures against the last close

P/S2.1x
P/E12.4x
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS1.13

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
Revenue $92.5M$74.4M$64.5M$52.3M$49.2M—
Interest expense $72.2M$58.9M$54.6M$1.4M$1.3M—
Pre-tax income $21.8M$17.0M$23.8M$36.0M$42.3M—
Income tax $5.7M$4.2M$6.4M$10.9M$10.7M—
Net income $16.1M$12.7M$17.5M$25.1M$31.6M—
EPS, basic 1.200.981.381.963.44—
EPS, diluted 1.130.931.331.873.27—
Shares, diluted (wtd. avg.) 13.6M13.2M12.9M13.4M9.1M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
Cash and equivalents $163.4M$109.2M$117.0M$100.6M$85.8M$47.4M
Property, plant and equipment $2.5M$3.5M$14.6M$9.5M$3.3M—
Total assets $977.1M$746.0M$586.2M$400.8M$380.2M—
Total liabilities $783.9M$572.3M$431.2M$260.3M$264.8M—
Retained earnings $132.2M$116.6M$103.8M$85.8M$60.6M—
Total equity $193.2M$173.7M$155.1M$140.5M$115.4M$45.9M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
Operating cash flow -$28.4M-$15.0M$12.3M$61.2M-$9.2M—
Depreciation and amortisation $900.0K$1.1M$2.3M$200.0K$300.0K—
Stock-based compensation $3.6M$2.0M$2.0M$778.0K$2.1M—
Capital expenditure $219.0K$1.1M$7.5M$7.2M$2.3M—
Investing cash flow -$126.9M-$132.4M-$152.9M-$35.8M$24.3M—
Financing cash flow $209.6M$139.6M$157.0M-$10.5M$23.3M—
Buybacks $0$461.0K$4.7M$1.1M$0—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001856365-26-000006.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Total current assets
  • Operating cash flow
  • Receivables
Total current assets, Operating cash flow, Receivables by fiscal year, in US dollars The same figures are in the table below this chart. -50M -25M 0 25M 50M 75M Operating cash flow, FY2021: -9.2M Operating cash flow, FY2022: 61.2M Operating cash flow, FY2023: 12.3M Operating cash flow, FY2024: -15M Operating cash flow, FY2025: -28.4M FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2020FY2021FY2022FY2023FY2024FY2025
Total current assets — — — — — —
Operating cash flow — -$9.2M $61.2M $12.3M -$15.0M -$28.4M
Receivables — — — — — —

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Regulation FD disclosure Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Officer or director change Item 5.02
  • Shareholder vote Item 5.07
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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