Finwise BancorpFINW

NasdaqFinanceState Commercial Banks
Price (close)
$11.28
Market cap
$154.4M
P/E
11.3x
Revenue (TTM)
$180.6M
Net income
$13.7M
Dividend yield
—
1-year total return
-45.3%
Net margin
7.6%
Revenue growth
102.7%
Debt / equity
—

What Finwise Bancorp does.

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.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue—$79.8M$88.3M$76.0M$81.4M$130.7M
Net income—$31.6M$25.1M$17.5M$12.7M$16.1M
Free cash flow—-$11.6M$53.9M$4.8M-$16.1M-$28.6M

More on FINW.

Figures from Finwise Bancorp's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.