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FINW

FinWise Bancorp

FINW

FinWise Bancorp • NASDAQ
$18.05 ▲ 0.00% (+0.00)
Market Cap $245.24 M
52w High $22.49
52w Low $13.48
Dividend Yield 0%
P/E 17.19
Volume 4.88K
Outstanding Shares 13.59M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $41.77M ▲ $17.201M ▲ $4.891M ▲ 11.709% ▼ $0.38 ▲ $7.559M ▲
Q2-2025 $30.079M ▲ $14.912M ▲ $4.097M ▲ 13.621% ▲ $0.31 ▲ $6.554M ▲
Q1-2025 $26.346M ▲ $14.318M ▲ $3.189M ▲ 12.104% ▲ $0.24 ▲ $5.813M ▲
Q4-2024 $25.589M ▲ $14.188M ▲ $2.793M ▼ 10.915% ▼ $0.21 ▼ $4.829M ▼
Q3-2024 $24.978M $14.049M $3.454M 13.828% $0.26 $6.122M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $105.627M ▲ $899.929M ▲ $712.164M ▲ $187.765M ▲
Q2-2025 $90.1M ▼ $842.488M ▲ $660.529M ▲ $181.959M ▲
Q1-2025 $150.41M ▲ $804.129M ▲ $626.768M ▲ $177.361M ▲
Q4-2024 $106.062M ▼ $745.976M ▲ $572.256M ▲ $173.72M ▲
Q3-2024 $116.24M $683.031M $512.661M $170.37M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $0 ▼ $3.453M ▲ $-34.798M ▲ $46.872M ▲ $15.527M ▲ $5.095M ▲
Q2-2025 $4.097M ▲ $-18.346M ▲ $-40.999M ▼ $29.173M ▼ $-30.172M ▼ $-23.059M ▲
Q1-2025 $3.189M ▲ $-21.608M ▼ $-28.108M ▲ $60.826M ▲ $11.11M ▼ $-23.25M ▼
Q4-2024 $2.793M ▼ $657K ▲ $-33.515M ▲ $56.252M ▼ $23.394M ▲ $592K ▲
Q3-2024 $3.454M $-9.817M $-52.879M $59.455M $-3.241M $-12.037M

Revenue by Products

Product Q1-2022Q2-2022Q3-2022Q4-2022
Change in Fair Value on Investment
Change in Fair Value on Investment
 $0 ▲$0 ▲$0 ▲$0 ▲
Gain Loss on Sales of Loans Net
Gain Loss on Sales of Loans Net
 $10.00M ▲$0 ▼$0 ▲$0 ▲
Other Miscellaneous Income
Other Miscellaneous Income
 $0 ▲$0 ▲$0 ▲$0 ▲
Small Business Administration Loan Servicing Fees
Small Business Administration Loan Servicing Fees
 $0 ▲$0 ▲$0 ▲$0 ▲
Strategic Program Service Charges
Strategic Program Service Charges
 $0 ▲$0 ▲$0 ▲$0 ▲
Strategic Program Fees
Strategic Program Fees
 $10.00M ▲$10.00M ▲$10.00M ▲$0 ▼

Five-Year Company Overview

Income Statement

Income Statement Income has climbed steadily over the past several years, but profits have not kept pace. Earnings were strongest a few years ago and have eased down since then, even as revenue continued to grow. This suggests that profit margins are tighter now, likely due to higher operating costs, credit costs, or a shift in business mix. The business is still profitable, but the trend points to a maturing or more competitive phase after an early surge, with less room for error on expenses and credit quality.

Balance Sheet

Balance Sheet The balance sheet looks generally solid and conservative. Total assets have grown steadily, showing expansion of the franchise and lending activities. Cash levels are reasonable for a bank of its size, and reported debt is very modest, which limits financial risk from borrowing. Equity has increased consistently, indicating retained earnings and a gradual strengthening of the capital base. Overall, the company appears to be growing without stretching its balance sheet too aggressively, which is important in a cyclical, regulated industry like banking.

Cash Flow

Cash Flow Cash generation has been bumpy. Some years show strong inflows from operations, while others show outflows, likely tied to swings in loan growth and deposit flows rather than day‑to‑day profitability. Free cash flow follows the same pattern, but the business does not appear to be capital‑intensive, with only modest spending on physical assets. This volatility is typical for a fast‑growing, partnership‑driven bank, but it means that headline cash flow in any single year may not tell the full story; the key is how well the bank manages loan growth, funding, and credit risk over time.

Competitive Edge

Competitive Edge FinWise has carved out a focused niche as a technology‑forward partner bank to fintech companies, rather than a traditional branch-based community bank. Its strengths center on three things: a modern, API‑driven tech stack that plugs easily into fintech platforms; deep expertise in regulatory compliance for bank‑fintech partnerships; and tailored products like program lending, card sponsorship, and payment solutions. This combination creates meaningful barriers to entry, because new entrants must master both complex regulation and advanced technology. The flip side is that FinWise is heavily exposed to the health of the fintech ecosystem, regulatory shifts targeting Banking‑as‑a‑Service models, and competition from both other specialist banks and large incumbents building similar capabilities.

Innovation and R&D

Innovation and R&D Innovation is a clear emphasis. The company has built proprietary data analytics for underwriting, enabling more nuanced risk assessment than traditional banks, particularly for underserved borrowers. Its API‑first platform and the MoneyRails payments hub are core pieces of infrastructure that make it easier for fintechs to launch lending, card, and payment programs quickly. FinWise is also expanding into card sponsorship and balance-sheet support for partners, and it is testing new verticals like home improvement and elective healthcare financing. While this is not “R&D” in the classic industrial sense, it is an ongoing cycle of platform upgrades, product experimentation, and partnership development that should keep the offering competitive—provided the bank continues investing enough in technology, security, and compliance.

Summary

FinWise Bancorp is a small, specialized bank that has grown by positioning itself as core infrastructure for fintech lenders and payment platforms. Revenue has risen steadily, but profitability has cooled from earlier peaks, pointing to margin pressure and a more normal growth phase. The balance sheet appears prudent, with growing assets, modest leverage, and rising equity, which provides a cushion against shocks. Cash flow is uneven, reflecting the push and pull of loan growth and funding, rather than structural weakness. Competitively, FinWise’s edge lies in its combination of modern technology and strong compliance capabilities, which are both difficult to replicate and highly valued by fintech partners. Its future will depend on how well it can maintain that edge, manage regulatory scrutiny, and broaden its partner base and product set without taking on excessive credit or operational risk.

NEWS

October 29, 2025 · 4:15 PM UTC

FinWise Bancorp Reports Third Quarter 2025 Results

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October 27, 2025 · 4:15 PM UTC

FinWise Bancorp Announces Program Management, Network Issuer Processor and Servicer Agreement with Tallied Technologies to Deliver Credit Card Products and Processing Solutions

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October 1, 2025 · 7:30 AM UTC

FinWise Bancorp to Host Third Quarter 2025 Earnings Conference Call and Webcast on Wednesday, October 29, 2025

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