FinWise Bancorp Announces Increase in Share Repurchase Program
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
FinWise Bancorp (FINW) authorized an additional 600,000 common shares for repurchase under its existing program, which expires May 31, 2028. The added authorization represents approximately 4.4% of outstanding common shares. Approximately 415,000 shares remained available under the existing authorization as of November 11, 2026.
Since the program began, FinWise has repurchased 270,000 shares for $3.7 million. The company expects to fund further purchases with available cash balances. Repurchases remain discretionary. At the end of the third quarter, the Bank Leverage Ratio was 18.1%, more than double the well-capitalized threshold, and tangible book value was $15.14 per share.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate point. Forward-looking: it has not happened yet and may not happen.Repurchase authorization increased by 600,000 shares, approximately 4.4% of outstanding common shares, with expiration May 31, 2028.
- Minor pointCompleted repurchases total 270,000 shares for $3.7 million since the program began.
- Minor pointThird-quarter-end Bank Leverage Ratio of 18.1% exceeded twice the well-capitalized threshold.
Negative
- None.
Key Figures
- Additional authorization
- 600,000 shares
- Newly authorized shares for the repurchase program
- Original authorization
- Up to 685,000 shares
- Program approved May 19, 2026
- Remaining existing authorization
- Approximately 415,000 shares
- As of November 11, 2026
- Additional authorization as share of outstanding stock
- Approximately 4.4%
- Company common stock
- Shares repurchased
- 270,000 shares
- Since the program's inception
- Aggregate purchase price
- $3.7 million
- For shares repurchased since the program's inception
- Program expiration
- May 31, 2028
- Repurchases may be made on or before this date
Previous Buybacks Reports
-
Initial authorization covered up to 685,000 shares, around 5% of outstanding shares.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
rule 10b5-1 regulatory
tangible book value financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
MURRAY, Utah, Nov. 12, 2026 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), parent company of FinWise Bank (the “Bank”), today announced that its Board of Directors has authorized an additional 600,000 shares of the Company’s common stock that may be repurchased pursuant to its repurchase program. The program was originally approved by the Board on May 19, 2026, to purchase up to 685,000 shares, or approximately
“The Board’s authorization of additional shares for our share repurchase program reflects our strong capital position and confidence in the long-term trajectory of the business,” said Jim Noone, CEO of FinWise Bancorp. “We ended the third quarter with a Bank Leverage Ratio of
Under the repurchase program, the Company may, from time to time and on or before the program's expiration date, repurchase shares of its outstanding common stock in the open market, in privately negotiated transactions, or otherwise, subject to applicable laws and regulations. The extent to which the Company repurchases its shares, and the means and timing of such repurchases, will depend upon a variety of factors, including market conditions, regulatory requirements, availability of funds, and other relevant considerations, as determined by the Company. The repurchase program does not obligate the Company to purchase any particular number of shares. The Company may, in its discretion, begin, suspend, limit or terminate repurchases at any time prior to the program's expiration, without any prior notice. Repurchases may also be made pursuant to a trading plan under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, which would permit shares to be repurchased when the Company might otherwise be precluded from doing so because of self-imposed trading blackout periods or other regulatory restrictions. The Company expects to fund repurchases under the program with its available cash balances.
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 diversifying their funding sources and managing capital efficiency.
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.
Contacts
investors@finwisebank.com
media@finwisebank.com
FAQ
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