FinWise Bancorp Added to Membership of US Small-Cap Russell 2000® Index

Rhea-AI Summary

FinWise Bancorp (NASDAQ: FINW) announced its addition to the prestigious US small-cap Russell 2000® Index, effective June 30, 2025, as part of the 2025 Russell indexes reconstitution. The company's inclusion, which remains in place for one year, stems from its membership in the broader Russell 3000® Index. The stock will also be automatically added to corresponding growth and value indexes.

The Russell indexes serve as key benchmarks for investment managers and institutional investors, with approximately $10.6 trillion in assets benchmarked against Russell US indexes as of June 2024. This inclusion represents a significant milestone for FinWise as it continues to execute its business strategy focused on long-term growth and shareholder value creation.

Positive

• Addition to the Russell 2000® Index increases visibility and potential institutional investor interest
• Automatic inclusion in growth and value indexes broadens exposure to different investment styles
• Membership in a benchmark index tracked by $10.6 trillion in assets could increase trading volume

Negative

• None.

MURRAY, Utah, May 27, 2025 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), parent company of FinWise Bank (the “Bank”), today announced that it was added as a member of the US small-cap Russell 2000^® Index, effective after the US market opens on June 30, 2025 as part of the 2025 Russell indexes reconstitution. Membership in the Russell 2000^® Index, which remains in place for one year, is based on membership in the broad-market Russell 3000^® Index. The stock also was automatically added to the appropriate growth and value indexes.

“We are proud to have been added as a member of the US small-cap Russell 2000® Index, one of the most respected and widely cited performance benchmarks for U.S. small-cap companies,” said Kent Landvatter, Chairman and CEO of FinWise. “As we maintain our focus on executing our business strategy to position FinWise for long-term growth and shareholder value creation, we look forward to continuing to expand our reach within the investment community.”

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to the data as of the end of June 2024, about $10.6 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, the global index provider.

For more information on the Russell 2000^® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.

About FinWise

FinWise provides Banking and Payments solutions to fintech brands. Its existing Strategic Program Lending business, conducted through scalable API-driven infrastructure, powers deposit, lending and payments programs for leading fintech brands. As part of Strategic Program Lending, FinWise also provides a Credit Enhanced Balance Sheet Program, which addresses the challenges that lending and card programs face securing warehouse facilities and managing capital requirements. In addition, FinWise manages other Lending programs such as SBA 7(a), Owner Occupied Commercial Real Estate, and Leasing, which provide flexibility for disciplined balance sheet growth. The Company is also expanding and diversifying its business model by incorporating Payments (MoneyRails ™) and BIN Sponsorship offerings. Through its compliance oversight and risk management-first culture, the Company is well positioned to guide fintechs through a rigorous process to facilitate regulatory compliance.

https://www.finwise.bank/

About FTSE Russell, an LSEG Business

FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $18.1 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives. A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

FTSE Russell is wholly owned by London Stock Exchange Group.

For more information, visit FTSE Russell.

Contacts

investors@finwisebank.com 
media@finwisebank.com 

FAQ

When will FINW be added to the Russell 2000 Index?

FinWise Bancorp will be added to the Russell 2000® Index effective June 30, 2025, after the US market opens.

How long will FINW remain in the Russell 2000 Index?

FinWise's membership in the Russell 2000® Index will remain in place for one year following its inclusion.

What is the significance of FINW joining the Russell 2000 Index?

Joining the Russell 2000® Index increases FinWise's visibility to institutional investors and index funds, with approximately $10.6 trillion in assets benchmarked against Russell US indexes.

Will FINW be included in other Russell indexes?

Yes, FinWise stock will be automatically added to the appropriate Russell growth and value indexes in addition to the Russell 2000® Index.