Finwise Bancorp Stock Price, News & Analysis

FinWise Bancorp reported its Q1 2025 results with loan originations of $1.3 billion and net income of $3.2 million, resulting in diluted earnings per share of $0.23. The company showed resilience despite market uncertainty, with net interest income at $14.3 million.

Key performance metrics include:

• Net interest margin of 8.27%
• Efficiency ratio of 64.8%
• Return on average assets of 1.7%
• Return on average equity of 7.4%

The bank's total assets grew to $804.1 million, up from $746.0 million in December 2024. Notably, nonperforming loan balances decreased to $29.9 million, with $15.1 million guaranteed by the SBA. The company maintained strong capital positions with a tangible book value per share of $13.42 and continues to focus on migrating its loan portfolio to a lower risk profile while maintaining profitable growth.

FinWise Bancorp has announced a new strategic partnership with fintech company Backd Business Funding to provide business installment loans to small and medium-sized (SMB) businesses. The collaboration includes access to FinWise's Credit Enhanced Balance Sheet program, offering capital efficiency and funding source diversification.

Backd, established in 2019, has demonstrated success in sectors like healthcare and e-commerce. The company serves the SMB market, which represents nearly 44% of overall GDP and approximately $734 billion of the digital lending and credit market. Through this partnership, Backd aims to scale its operations while leveraging FinWise's regulatory expertise.

The partnership highlights FinWise's multi-product offering capabilities and innovative lending solutions, with both companies expressing enthusiasm about the collaboration's potential impact on SMB financing.

FinWise Bancorp (NASDAQ: FINW) has announced it will release its first quarter 2025 financial results and host an earnings conference call on Wednesday, April 30, 2025 after market close. The conference call will begin at 5:30 p.m. ET, with dial-in options available at 1-877-423-9813 (toll-free) or 1-201-689-8573 (international), using conference ID 13752183.

The earnings webcast will be accessible through the company's website, with a replay available for six months following the call. Stakeholders can submit questions via email to investors@finwisebank.com prior to the call start time.

FinWise Bancorp (NASDAQ: FINW) has announced the appointment of Jim Noone as Chief Executive Officer of FinWise Bank, while maintaining his current position as Bank President. Kent Landvatter will continue as Chairman of the Board and CEO of FinWise Bancorp, as well as Executive Chairman of FinWise Bank.

Noone's promotion follows seven years of leadership at FinWise, including during the company's IPO. His career at the bank began in February 2018, progressing from Executive Vice President and Chief Credit Officer to Bank President in March 2023. He brings over 20 years of financial services experience spanning commercial banking, investment banking, and private equity.

During his tenure, Noone has been key in shaping strategic initiatives, developing infrastructure, and creating innovative banking products. He will continue working with Landvatter on the Bank's long-term strategy and market positioning to enhance shareholder value.

FinWise Bancorp (NASDAQ: FINW) reported its Q4 and full-year 2024 results. Key highlights include:

For Q4 2024:
- Loan originations: $1.3 billion
- Net interest income: $15.5 million
- Net income: $2.8 million
- Diluted EPS: $0.20
- Efficiency ratio: 64.2%

For Full Year 2024:
- Total loan originations: $5.0 billion
- Net income: $12.7 million
- Diluted EPS: $0.93

Notable metrics:
- Nonperforming loans increased to $36.4 million as of December 31, 2024
- Total assets grew to $746.0 million
- Leverage ratio remained strong at 20.6%
- Total deposits increased to $544.9 million

FinWise Bancorp (NASDAQ: FINW) has announced its upcoming fourth quarter and full year 2024 financial results conference call and webcast, scheduled for Thursday, January 30, 2025, after market close. The conference call will begin at 5:30 p.m. ET, with dial-in options available at 1-877-423-9813 (toll-free) or 1-201-689-8573 (international), using conference ID 13750402.

Participants are advised to dial in 10 minutes before the scheduled start time. The webcast will be accessible through the company's website, and a replay will remain available in the Investor Relations section for six months following the call. Stakeholders can submit questions via email to investors@finwisebank.com prior to the call's start time at 5:30 p.m. ET on January 30, 2025.

FinWise Bancorp reported Q3 2024 results with net income of $3.5 million, up from $3.2 million in Q2 2024 but down from $4.8 million in Q3 2023. Loan originations increased to $1.4 billion, compared to $1.2 billion in Q2 2024. Net interest income was $14.8 million, slightly up from $14.6 million in Q2 2024. The company's efficiency ratio increased to 67.5% from 66.3% in Q2 2024. Notably, nonperforming loans rose to $30.6 million, with $17.8 million guaranteed by the SBA. The Bank maintains strong capital levels with a leverage ratio of 20.3%, well above regulatory requirements.

FinWise Bancorp (NASDAQ: FINW), parent company of FinWise Bank, has announced its plans to report third quarter 2024 results and host a conference call and webcast on Thursday, October 24, 2024, after market close. The conference call is scheduled for 5:30 PM ET to discuss the financial results. Interested parties can access the webcast on the company's website, with a replay available for six months following the call.

For those preferring to join via phone, the dial-in numbers are 1-877-423-9813 (toll-free) or 1-201-689-8573 (international), with conference ID 13748730. Participants are advised to dial in 10 minutes before the scheduled start time. Additionally, FinWise will accept questions submitted via email to investors@finwisebank.com prior to 5:00 p.m. ET on Wednesday, October 23, 2024, for consideration during the call.

FinWise Bancorp (NASDAQ: FINW) has announced a new strategic lending program with PowerPay, a fintech company specializing in lending and payment solutions for Home Improvement and Elective HealthCare. The partnership aims to offer consumers nationwide fair and affordable monthly payments through a network of quality contractors and medical providers.

PowerPay, founded in 2020, has processed over $8 billion across all 50 states and has 12,000+ onboarded Service Providers. The FinWise loan product will be integrated into PowerPay's data-driven platform, allowing for quick credit processing at the point-of-sale. This collaboration enables FinWise to expand its lending capabilities while providing regulatory expertise to support PowerPay's growth.