FinWise Bancorp (NASDAQ: FINW) clears 685,000-share repurchase plan through 2028
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
FinWise Bancorp announced that its board has authorized a common stock repurchase program for up to 685,000 shares, described as approximately 5% of issued and outstanding shares as of May 19, 2026. The program runs through May 31, 2028 and may be executed in open market or privately negotiated transactions.
The company highlighted a Bank Leverage Ratio of 16.8% at the end of the first quarter and tangible book value of $14.34 per share as support for the decision. Repurchases are discretionary, can be started, suspended, limited or terminated at any time, and are expected to be funded from available cash balances. Transactions may be conducted under Rule 10b5-1 trading plans.
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Insights
FinWise authorizes a modest buyback supported by strong capital levels.
FinWise Bancorp has cleared a share repurchase program for up to 685,000 common shares, about 5% of its issued and outstanding stock as of May 19, 2026. Management links this decision to a robust capital position, citing a Bank Leverage Ratio of 16.8% at the end of the first quarter.
The stated tangible book value of $14.34 per share provides an additional valuation reference for understanding the potential economics of repurchases. Actual impact will depend on how aggressively the company uses the authorization before its May 31, 2028 expiration, within market and regulatory constraints and available cash balances.
8-K Event Classification
2 items: 7.01, 9.01
2 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Repurchase authorization: 685,000 shares
Portion of shares covered: 5% of issued and outstanding shares
Program expiration: May 31, 2028
+2 more
5 metrics
Repurchase authorization
685,000 shares
Maximum common shares under repurchase program
Portion of shares covered
5% of issued and outstanding shares
As of May 19, 2026
Program expiration
May 31, 2028
End date for share repurchase program
Bank Leverage Ratio
16.8%
At end of first quarter, cited in release
Tangible book value per share
$14.34 per share
At end of first quarter, cited by CEO
Key Terms
share repurchase program, Bank Leverage Ratio, tangible book value, Rule 10b5-1, +1 more
5 terms
Bank Leverage Ratio financial
"We ended the first quarter with a Bank Leverage Ratio of 16.8%"
A bank leverage ratio is a simple measure of how much a bank relies on borrowed money compared with its own capital to fund assets and loans. Think of it like a household’s mortgage size compared with its savings: the higher the leverage, the greater the potential profit but also the bigger the risk if things go wrong. Investors watch it because low capital cushions increase the chance of losses wiping out shareholder value and can trigger regulatory limits.
tangible book value financial
"and tangible book value of $14.34 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.
Rule 10b5-1 regulatory
"Repurchases may also be made pursuant to a trading plan under Rule 10b5-1 under the Securities Exchange Act of 1934"
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.
Private Securities Litigation Reform Act of 1995 regulatory
""Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995"
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 19, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation or organization) | (Commission file number) | (I.R.S. employer identification no.) | ||||||
| (Address of principal executive offices) | (Zip code) | ||||||||||||||||
Registrant’s telephone number, including area code: (801 ) 501-7200
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
| Emerging growth company | |||||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of exchange on which registered | ||||||
Item 7.01 Regulation FD Disclosure.
On May 21, 2026, FinWise Bancorp issued a press release announcing the approval of a share repurchase program. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
Information contained in this Item 7.01, including Exhibit 99.1, shall not be deemed filed for the purposes of the Securities Exchange Act of 1934, as amended, nor shall such information and Exhibit be deemed incorporated by reference in any filing under the Securities Act of 1933, and amended, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d)Exhibits
| Exhibit No. | Description | |||||||
99.1 | Press Release dated May 21, 2026 | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, FinWise Bancorp has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| DATE: May 21, 2026 | FINWISE BANCORP | ||||
| /s/ Michael C. O’Brien | |||||
| Name: Michael C. O’Brien | |||||
| Title: Executive Vice President, Corporate Counsel and Corporate Secretary | |||||
Exhibit 99.1
FinWise Bancorp Announces Share Repurchase Program
MURRAY, Utah, May 21, 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 a common stock repurchase program to purchase up to 685,000 shares, or approximately 5% of issued and outstanding shares, as of May 19, 2026. Any repurchases made under the program will be made at the Company’s discretion with an expiration of May 31, 2028.
“The Board’s authorization of a 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 first quarter with a Bank Leverage Ratio of 16.8%, nearly double the well-capitalized threshold, and tangible book value of $14.34 per share. FinWise today is supported by multiple growth engines at varying stages of maturity. We remain focused on disciplined execution and thoughtful capital deployment to build long-term shareholder value.”
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 Bancorp
FinWise Bancorp is a Utah bank holding company headquartered in Murray, Utah which wholly owns FinWise Bank, a Utah chartered state bank, and FinWise Investment LLC (together “FinWise”). FinWise provides Banking and Payments solutions to fintech brands. FinWise’s 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. FinWise 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, FinWise is well positioned to guide fintechs through a rigorous process to facilitate regulatory compliance. For more information about FinWise visit https://investors.finwisebancorp.com.
Contacts
investors@finwisebank.com
media@finwisebank.com
"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995
This release may contain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company’s current views with respect to, among other things, the Company’s strategies, goals, beliefs, expectations, estimates, intentions, capital raising efforts, financial condition and results of operations, future performance and business. These statements are often, but not always, made through the use of words or phrases such as “may,” “should,” “could,” “predict,” “believe,” “expect,” “anticipate,” “seek,” “estimate,” “intend,” “plan,” “project,” “projection,” “forecast,” “budget,” “goal,” “target,” “would,” “aim” and “outlook,” or similar expressions generally indicate a forward-looking statement.
These forward-looking statements are based on management assumptions and involve risks and uncertainties that are subject to change based on various important factors, some of which are beyond the Company’s control. Numerous competitive, economic, regulatory, legal and technological events and factors, among others, could cause the Company’s actual results to differ materially from those indicated in these forward-looking statements, including market price of the Company's common stock prevailing from time to time, the nature of other investment opportunities presented to the Company from time to time and the Company’s cash flows from operations. If one or more events related to these or other risks or uncertainties materialize, or if the Company’s underlying assumptions prove to be incorrect, actual results may differ materially from its forward-looking statements. Accordingly, you should not place undue reliance on any such forward-looking statements. All forward-looking statements and information set forth herein are based on management’s current beliefs and assumptions as of the date hereof and speak only as of the date they are made. For a more complete discussion of the assumptions, risks and uncertainties related to our business, you are encouraged to review the Company’s filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the fiscal year ended December 31, 2025. The Company does not undertake to update any forward-looking statement whether written or oral, that may be made from time to time by the Company or by or on behalf of the Company, except as may be required under applicable law.
FAQ
What did FinWise Bancorp (FINW) announce in this Form 8-K?
FinWise Bancorp announced that its board authorized a common stock repurchase program. The plan covers up to 685,000 shares and allows the company to buy back stock through May 31, 2028, using open market or privately negotiated transactions at its discretion.
What capital metrics did FinWise highlight when approving the buyback?
FinWise highlighted a Bank Leverage Ratio of 16.8% at the end of the first quarter, nearly double the well-capitalized threshold. The company also cited tangible book value of $14.34 per share as context for the board’s decision to authorize the share repurchase program.
Can FinWise Bancorp change or suspend the repurchase program?
Yes. The company states it may begin, suspend, limit, or terminate repurchases at any time before May 31, 2028. The extent and timing of buybacks will depend on market conditions, regulatory requirements, available funds, and other considerations determined by FinWise Bancorp.
May FinWise Bancorp use Rule 10b5-1 plans for its buybacks?
The company notes that repurchases may be executed under a Rule 10b5-1 trading plan. Such a plan would allow shares to be repurchased automatically during periods when FinWise might otherwise be restricted from trading because of blackout periods or similar regulatory limitations.