Welcome to our dedicated page for Finwise Bancorp news (Ticker: FINW), a resource for investors and traders seeking the latest updates and insights on Finwise Bancorp stock.
FinWise Bancorp (FINW) combines traditional banking expertise with fintech innovation, offering strategic lending programs and API-driven financial solutions. This news hub provides investors and industry professionals with authoritative updates on the company's evolving operations.
Access timely press releases covering earnings results, regulatory milestones, fintech partnerships, and product developments. Our curated collection enables you to track FINW's SBA lending initiatives, commercial loan portfolio performance, and payments infrastructure enhancements.
Discover updates on risk management practices, credit enhancement programs, and strategic collaborations that shape FinWise's position in the banking sector. All content maintains strict compliance with financial disclosure standards, serving as a reliable resource for investment research and market analysis.
Bookmark this page for continuous access to FINW's official announcements. Combine our news archive with SEC filings and earnings transcripts for comprehensive due diligence on this innovative financial services provider.
FinWise Bancorp announced the retirement of Chairman Russell “Fred” Healey, Jr. effective October 6, 2022, after nearly 20 years with the bank. Kent Landvatter, the current CEO and President, will assume the chairman role. Mr. Healey's significant contributions to the bank over his 12-year tenure as Chairman were noted, including his extensive experience in finance and real estate management. FinWise Bancorp, based in Murray, Utah, operates through its wholly-owned subsidiary FinWise Bank, which serves consumers and small businesses nationally.
FinWise Bancorp (NASDAQ: FINW) will report its third quarter 2022 results and host a conference call on October 26, 2022, after market close.
The call is scheduled for 5:30 PM ET, and interested parties can dial 1-877-423-9813 (toll-free) or 1-201-689-8573 (international). A live webcast will be available on the Company’s website, with a replay accessible for six months.
FinWise, headquartered in Murray, Utah, operates as a nationwide lender and attracts deposits from consumers and small businesses.
FinWise Bancorp (NASDAQ: FINW) announced a share repurchase program on August 18, 2022, authorizing the buyback of up to 5% of outstanding shares, totaling 644,241 shares. This initiative aims to enhance long-term shareholder value, as stated by CEO Kent Landvatter. The repurchases will occur at the Company’s discretion until August 31, 2024, with funding expected from available cash balances. The program allows flexibility in execution, including open market and privately negotiated transactions, subject to market conditions and regulatory requirements.
FinWise Bancorp (NASDAQ: FINW) reported a net income of $5.5 million for Q2 2022, a decrease from $9.4 million in Q1 2022 and $7.7 million year-on-year. Diluted earnings per share fell to $0.41, down from $0.70 in Q1 2022. Loan originations totaled $2.1 billion, lower than $2.5 billion in the previous quarter. Net interest income was $12.8 million, slightly down from $13.0 million in Q1 2022. The efficiency ratio increased to 52.0% from 36.7% the prior quarter. Despite challenges, the company maintained strong asset quality with a 0.3% nonperforming loan ratio.
FinWise Bancorp (NASDAQ: FINW) announced it will report its second quarter 2022 results on July 27, 2022, after market close. A webcast will be available on the company's website, allowing stakeholders to follow the earnings call live. The conference call is scheduled for 5:30 PM ET, with call-in numbers provided for participants. A replay of the call will be accessible for six months post-event. FinWise is headquartered in Murray, Utah, and operates FinWise Bank, offering nationwide lending and deposit services.
FinWise Bancorp (NASDAQ: FINW) has appointed Simon Darchis as Vice President and Director of Specialty Lending, replacing David Tilis, who remains as a consultant for one year. Darchis has over four years of experience at FinWise and has played a key role in developing the Strategic Lending Program. CEO Kent Landvatter expressed confidence in Darchis's leadership skills and highlighted the importance of a smooth transition. Tilis's contributions over the past six years were also acknowledged, as the company seeks to maintain stability in its leadership.
FinWise Bancorp (NASDAQ: FINW) reported a net income of $10.3 million for Q1 2022, a slight increase from $10.1 million in Q4 2021 and nearly double compared to $5.3 million in Q1 2021. Diluted earnings per share stood at $0.76, down from $0.90 in the previous quarter. Loan originations grew 9.0% to $2.5 billion. However, net interest income declined to $14.1 million from $15.3 million in the prior quarter. The asset quality remained solid with a nonperforming loans ratio of 0.2%.
FinWise Bancorp (NASDAQ: FINW) announced it will report its Q1 2022 results and host a call on April 28, 2022, after market close. A live webcast will be available on the company's website, allowing investors to follow along. The accompanying conference call is scheduled for 5:00 PM ET, with a dial-in number provided for participants. A webcast replay will be accessible for six months post-call, ensuring that stakeholders can stay informed about the company’s performance and insights.
FinWise Bancorp (NASDAQ: FINW) reported a 19.8% increase in net income for Q4 2021, reaching $10.1 million. The diluted EPS was stable at $0.90, up 69.8% year-over-year. Total loan originations surged to $2.3 billion, a 26.4% increase quarter-over-quarter. Net interest income grew 13.4% to $15.3 million, while the efficiency ratio improved to 34.3%. Asset quality remains robust with nonperforming loans at 0.2%. The company emphasized its strong FinTech lending model and strategic relationships as key to growth.
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