FinWise Bancorp
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $190.0M
- Price
- $13.88
- % Change (Daily % change from the live per-ticker quote feed.)
- 0.00%
- Volume
- 15.0K
About
FinWise Bancorp, the parent company of FinWise Bank, delivers a comprehensive suite of banking solutions to both personal and business clients. Its diverse range of deposit offerings includes demand accounts (both interest and non-interest bearing), Negotiable Order of Withdrawal (NOW) accounts, money market accounts, standard checking and savings options, as well as various time deposits and Certificates of Deposit. The institution also extends a variety of lending products, encompassing Small Business Administration (SBA) loans, financing for residential and commercial real estate, consumer loans, and other commercial credit facilities. Beyond traditional banking, FinWise provides modern conveniences such as debit cards, remote check deposit, digital and mobile banking platforms, direct deposit capabilities, alongside specialized cash management and treasury services. Operationally, the company maintains a single full-service branch in Sandy, Utah, complemented by a loan origination office situated in Rockville Centre, New York. Established in 1999, FinWise Bancorp's corporate headquarters are located in Murray, Utah.
Quick stats
Shares outstanding13.7M
Computed float9.0M
Float / shares65.8%
Key info
SectorFinancial Services
IndustryBanks - Regional
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001856365
AI Summary
AI-generated1/14
standardmixedearnings
FinWise Bancorp Reports Second Quarter 2026 Results
FinWise Bancorp reported Q2 2026 diluted EPS of $0.15, missing internal expectations and declining from $0.29 in the prior year, driven largely by a higher provision for credit losses which totaled $22.7 million.
Despite the earnings pressure, the company improved asset quality with nonperforming loans decreasing by $12.1 million to $37.7 million, while the efficiency ratio improved to 53.1% and loan originations remained strong at $1.6 billion.
Strategic initiatives included the acquisition of the Tallied Technologies platform for $4.0 million in integration costs, a new prepaid card program partnership, and the repurchase of $0.4 million in shares under its buyback program.
Red flags
- Net income declined 49% year-over-year
- Provision for credit losses increased to $22.7 million from $4.7 million year-over-year
- Earnings missed company expectations