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FinWise Bancorp Announces Increase in Share Repurchase Program

(Neutral)

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.

Tags
buybacks

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.

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3 points · 0 major

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.

0 major · 0 points

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 Original authorization: Up to 685,000 shares Remaining existing authorization: Approximately 415,000 shares +4 more
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

1 past event · Latest: May 21
Same Type 1 event
  1. May 21

    Share repurchase

    24h Move
    +3.1%

    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, tangible book value
2 terms
rule 10b5-1 regulatory
"under Rule 10b5-1 under the Securities Exchange Act"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
tangible book value financial
"tangible book value of $15.14 per share"
Tangible book value is the accounting measure of a company’s net worth after removing intangible items like goodwill, patents and trademarks, leaving only physical and financial assets minus liabilities. For investors it offers a clearer view of the company’s hard-asset backing per share—like estimating the cash you could get by selling the furniture, machinery and cash in a house—helping gauge downside risk and whether a stock may be cheaply valued.
View in glossary

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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 5% of issued and outstanding shares. As of November 11, 2026, approximately 415,000 shares remained available under the existing authorization. Since the program’s inception, the Company has repurchased 270,000 shares of the Company’s common stock for an aggregate purchase price of $3.7 million. The 600,000 additional shares authorized for the program represent approximately 4.4% of the Company’s outstanding shares of common stock. The repurchases will be made at the Company’s discretion with an expiration of May 31, 2028.

“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 18.1%, more than double the well-capitalized threshold, and tangible book value of $15.14 per share.”

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.

https://www.finwise.bank/

Contacts

investors@finwisebank.com
media@finwisebank.com


FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did FinWise increase its share repurchase authorization?

FinWise authorized an additional 600,000 common shares, representing approximately 4.4% of outstanding common shares. The program expires May 31, 2028, and approximately 415,000 shares remained available under the existing authorization as of November 11, 2026.

Does FinWise have to purchase all shares authorized under its buyback program?

FinWise is not obligated to purchase any particular number of shares. The company may begin, suspend, limit or terminate repurchases before the program expires without prior notice. Purchase timing and volume depend on market conditions, regulatory requirements, available funds and other considerations.

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