FINW
FinWise Bancorp18.05
+0.49+2.79%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A flags one-time Q4 charges, delays in BIN.
Q&A pinned Q4's elevated charge-offs and $1.1 million after-tax provision hit (8 cents EPS) on one-time servicing refinements tightening deferment rules—no repeat expected. Management detailed a temporary end-Q4 deposit surge from student partners' collateral, set to reverse post-seasonality, while reaffirming $1.4 billion quarterly origination baseline plus 5% FY2026 growth. BIN ramp delayed to next year, yet cross-sells to partners like Tali boost upside. Fintech charters pose little threat given FinWise's scalable platform and strong recontracting track record. Credit trends stable. Watch funding costs and partner dynamics.
Key Stats
Market Cap
245.24MP/E (TTM)
17.19Basic EPS (TTM)
1.05Dividend Yield
0%Recent Filings
8-K
Q4 net income $3.9M, originations $1.6B
FinWise Bancorp reported Q4 2025 net income of $3.9 million, down from Q3's $4.9 million yet up from Q4 2024's $2.8 million, with full-year net income hitting $16.1 million—a 26% jump. Loan originations reached $1.6 billion quarterly and $6.1 billion annually, fueled by credit-enhanced loans surging to $118 million. Net interest margin expanded to 11.42%, but provisions hit $17.7 million amid conservative servicing. Nonperforming loans ticked to 7.3%. Credit enhancements offset risks.
10-Q
Q3 FY2025 results
FinWise Bancorp posted Q3 net income of $4.9M, up 42% y/y, as net interest income climbed 26% to $18.6M on 35% higher loan balances while noninterest income doubled to $18.1M from credit enhancements and Strategic Program fees. Provision for credit losses surged 493% to $12.8M (derived) tracking credit-enhanced loan growth to $41M, yet diluted EPS held at $0.34 on 13.6M shares. Deposits swelled 25% to $682M funding the balance sheet; cash sits at $106M with $235M in FRB/FHLB lines available. BaaS segment dominated profits. Elevated nonperforming assets signal credit pressures.
8-K
Q3 net income $4.9M
FinWise Bancorp posted Q3 net income of $4.9 million, up 19% from Q2 and 42% year-over-year, fueled by $1.8 billion in loan originations and credit-enhanced balances surging to $41.4 million. Net interest income hit $18.6 million with NIM at 9.01%, yet nonperforming loans climbed to $42.8 million amid high rates. Assets topped $899.9 million for the first time. Efficiency ratio improved sharply to 47.6%. Provisions rose with growth.
10-Q
Q2 FY2025 results
FinWise Bancorp posted Q2 net income of $4.1M, up 29% y/y, with diluted EPS at $0.29 (reconciles to 13.5M shares). Net interest income edged up 1% y/y to $14.7M amid loan growth, yet NIM slipped to 7.8% from higher rates and nonaccrual reversals. Noninterest income doubled to $10.3M on Strategic Program fees and $2.3M credit enhancement gains, offsetting a $4.7M provision rise. Deposits swelled 17% q/q to $635M with no debt; cash sits at $90M. Balance sheet expanded 13% q/q to $842M. Loans on nonaccrual? Still 7%. Counterparty risk shadows credit enhancements.
8-K
Q2 originations $1.5B, income up
FinWise Bancorp reported Q2 2025 results on July 24, with loan originations surging to $1.5 billion from $1.3 billion prior quarter. Net income climbed to $4.1 million, EPS hit $0.29, yet nonperforming loans rose to $39.7 million amid high rates hitting small borrowers. Efficiency improved to 59.5%; assets hit $842.5 million. Nonperformers climbed.
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