FinWise Bancorp reports recurring developments as the holding company for FinWise Bank, a bank that provides banking and payments solutions to fintech brands. Company news commonly covers quarterly results, net interest income and margin, loan originations, credit-loss provisioning, deposit funding, and performance of Strategic Program loans, including credit-enhanced balances.
Updates also describe strategic program agreements for consumer credit, BIN Sponsorship, MoneyRails™ payments capabilities, SBA 7(a), owner-occupied commercial real estate and leasing programs, as well as governance changes at the holding company and bank.
FinWise Bancorp (FINW) reported third-quarter 2026 net income of $10.0 million, up from both the prior quarter and year-earlier period. Diluted earnings were $0.73 per share, versus $0.15 and $0.34, respectively. Results included a $6.5 million bargain purchase gain from the July 20 Tallied acquisition and a $0.4 million discontinued-operations loss.
Loan originations reached $2.1 billion, versus $1.6 billion in the second quarter and $1.8 billion a year earlier. Net interest income increased to $41.9 million, while net interest margin reached 19.58%. Credit-enhanced loan balances rose to $146.2 million. Credit-loss provisions totaled $46.7 million, largely offset by partner-guarantee income; provisions excluding credit-enhanced loans declined. Nonperforming loans fell to $37.1 million. FinWise plans to sell its credit card portfolio business by the second quarter of 2027 while retaining the technology and servicing platform.
FinWise Bancorp (FINW) will report third-quarter 2026 results and host an earnings call after market close on October 28, 2026. The conference call starts at 5:00 p.m. ET, with a webcast available on the company’s website. A replay will remain available for six months following the call.
FinWise Bancorp (NASDAQ: FINW) reported second quarter 2026 loan originations of $1.6 billion, down from $1.7 billion in Q1 2026 but up from $1.5 billion a year earlier. Net interest income rose to $28.7 million from $28.1 million in Q1 and $14.7 million in Q2 2025, driving a net interest margin of 13.69% versus 12.90% and 7.81% in the comparable periods.
Net income was $2.1 million and diluted EPS $0.15, below Q1 2026 ($2.7 million, $0.20) and Q2 2025 ($4.1 million, $0.29), largely reflecting a total provision for credit losses of $22.7 million. Non-interest income increased to $25.6 million, primarily from higher credit enhancement income and a $0.5 million litigation benefit. Non-interest expense rose to $28.9 million, mainly from credit enhancement guarantee and servicing costs, while the efficiency ratio improved to 53.1%. Nonperforming loans declined to $37.7 million, and tangible book value per share increased to $14.55. The company highlighted a new strategic prepaid card program and its recently announced Tallied Technologies platform acquisition.
FinWise Bancorp (NASDAQ: FINW) has acquired the technology platform and related assets of Tallied Technologies, its existing credit card issuance and processing provider, bringing the Bank’s card technology stack fully in-house from application through issuing, processing and servicing.
The deal was funded with cash on hand and is not expected to materially affect capital ratios. FinWise now retains fees, interchange and interest economics that were previously shared with a third-party manager, and Tallied’s engineering and operations team has joined the company. About $4.0 million of integration and transition costs are expected over the next year. Roughly $50 million of credit card balances will convert from credit-enhanced to standard credit card balances on the Bank’s balance sheet, with FinWise holding both the full economics and associated credit exposure. Prior guidance of about $217 million in credit-enhanced balances by year-end 2026 no longer applies.
FinWise Bancorp (NASDAQ: FINW) will report its second quarter 2026 results and host an earnings conference call and webcast after market close on Wednesday, July 29, 2026.
The call is scheduled for 5:00 p.m. ET with live webcast and six-month replay access.
FinWise Bancorp (NASDAQ: FINW) authorized a common stock repurchase program for up to 685,000 shares, about 5% of shares outstanding as of May 19, 2026. The program runs at the company’s discretion through May 31, 2028 and will be funded with available cash.
According to FinWise, the bank reported a 16.8% Bank Leverage Ratio, nearly double the well-capitalized threshold, and tangible book value of $14.34 per share at first-quarter end.
FinWise Bancorp (NASDAQ: FINW) reported Q1 2026 results: loan originations $1.7B, net interest income $28.1M, net income $2.7M, and diluted EPS $0.20. Net interest margin was 12.90%, efficiency ratio 66.3%, nonperforming loans $49.8M (SBA-guaranteed $26.7M), tangible book value per share $14.34, and Bank leverage ratio 16.8%. Total assets were $899.4M. Provision for credit losses was $10.6M and total non-interest expense was $28.3M.
FinWise Bancorp (NASDAQ: FINW) announced a BIN sponsorship agreement with Vera, Inc. to launch an unsecured consumer credit card program for prime and near‑prime U.S. consumers. Under the agreement, Vera will act as program manager and purchase receivables while FinWise Bank will serve as BIN sponsor; cards will be physical and digital and use Zeta's Tachyon platform.
The program offers three rewards modes, no annual fee, and leverages FinWise's BIN sponsorship capabilities and Zeta as card processor to reach near‑prime and prime customers.
FinWise Bancorp (NASDAQ: FINW) appointed Jim Noone as Chief Executive Officer of the holding company, effective April 6, 2026.
Kent Landvatter will remain as Executive Chairman and stay active in long-term strategy, governance and investor relations. The Board described the move as the completion of a multi-year succession plan and said the company’s strategy and targets remain unchanged.
FinWise Bancorp (NASDAQ: FINW) will report first quarter 2026 results and host a conference call and webcast on Thursday, April 30, 2026 at 5:00 p.m. ET. The company will accept emailed questions until 5:00 p.m. ET on April 30, 2026.
Dial-in numbers are 1-877-423-9813 (toll-free) and 1-201-689-8573 (international) with conference ID 13758871. A live webcast and a six-month replay will be available on the company’s investor website.