FinWise Bancorp operates as the bank holding company for FinWise Bank that provides various banking services to individual and corporate customers. It offers various deposit products, including interest and noninterest bearing demand, negotiable order of withdrawal, money market, and checking and savings accounts, as well as time deposits and certificates of deposit. The company also provides small business administration, commercial, commercial real estate, residential real estate, and consumer loans. In addition, it offers a range of deposit services, such as debit cards, remote deposit capture, online banking, mobile banking, and direct deposit services; and cash management services. The company operates one full-service banking location in Sandy, Utah; and a loan production office in Rockville Centre, New York. FinWise Bancorp was founded in 1999 and is headquartered in Murray, Utah.
IPO Year: 2021
Exchange: NASDAQ
Website: finwisebancorp.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
12/14/2021 | $22.50 | Overweight | Stephens |
12/14/2021 | $15.50 | Overweight | Piper Sandler |
- Net Income of $3.5 Million - - Diluted Earnings Per Share of $0.25 - - Loan Originations Increase to $1.4 Billion - MURRAY, Utah, Oct. 24, 2024 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ:FINW) ("FinWise" or the "Company"), parent company of FinWise Bank (the "Bank"), today announced results for the quarter ended September 30, 2024. Third Quarter 2024 Highlights Loan originations increased to $1.4 billion, compared to $1.2 billion for the quarter ended June 30, 2024, and $1.1 billion for the third quarter of the prior yearNet interest income was
MURRAY, Utah, Sept. 30, 2024 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ:FINW) ("FinWise" or the "Company"), the parent company of FinWise Bank, today announced that it will report its third quarter 2024 results and host a conference call and webcast after the market close on Thursday, October 24, 2024. Webcast Information The webcast will be available on the Company's website at FinWise Earnings Call Live Webcast and a replay of the call will be available at Investor Relations | FinWise Bancorp (gcs-web.com) for six months following the call. Conference Call Information The conference call will be held at 5:30 PM ET to discuss financial results for the third quarter 2024. The dial-i
MURRAY, Utah, Sept. 25, 2024 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ:FINW) ("FinWise" or the "Company"), parent company of FinWise Bank (the "Bank"), today announced the launch of a new strategic lending program with PowerPay, LLC ("PowerPay"). PowerPay is a leading fintech company specializing in simple and affordable real-time lending and payment solutions to the Home Improvement and Elective HealthCare segments. With over 200 employees, the Company has processed over $8 billion across all 50 states since its inception in 2020. The FinWise loan product, in partnership with PowerPay offers consumers nationwide, fair and affordable monthly payments through a network of quality contrac
- Net Income of $3.2 Million for Second Quarter of 2024 - - Diluted Earnings Per Share of $0.24 for Second Quarter of 2024 - MURRAY, Utah, July 25, 2024 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ:FINW) ("FinWise" or the "Company"), parent company of FinWise Bank (the "Bank"), today announced results for the quarter ended June 30, 2024. Second Quarter 2024 Highlights Loan originations were $1.2 billion, compared to $1.1 billion for the quarter ended March 31, 2024, and $1.2 billion for the second quarter of the prior yearNet interest income was $14.6 million, compared to $14.0 million for the quarter ended March 31, 2024, and $13.7 million for the second quarter of the prior yearNet In
MURRAY, Utah, July 22, 2024 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ:FINW) ("FinWise" or the "Company"), parent company of FinWise Bank (the "Bank"), today announced the expansion of its Board of Directors by appointing Susan Ehrlich to the Company's Board, effective immediately. Ms. Ehrlich has also been appointed to the Bank's Board of Directors. Ms. Ehrlich brings over 25 years of experience and successful achievements in lending, banking and payments across fintech, financial services and retail. She has a proven record of scaling growth and improving profitability through product innovation and digital business transformation. She currently serves as Partner of Core Innovation C
MURRAY, Utah, July 01, 2024 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ:FINW) ("FinWise" or the "Company"), the parent company of FinWise Bank, today announced that it will report its second quarter 2024 results and host a webcast and conference call after the market close on Thursday, July 25, 2024. Webcast Information The webcast will be available on the Company's website at FinWise Earnings Call Live Webcast and a replay of the call will be available at Investor Relations | FinWise Bancorp (gcs-web.com) for six months following the call. Conference Call Information The conference call will be held at 5:30 PM ET to discuss financial results for the quarter ended June 30, 2024
MURRAY, Utah, June 10, 2024 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ:FINW) ("FinWise" or the "Company"), parent company of FinWise Bank (the "Bank"), today announced that in its June 9, 2024 article, American Banker ranked FinWise Bancorp #2 on its list of the 100 top-performing publicly traded banks with under $2 billion of assets. The ranking is based on the three-year return on average equity ("ROAE") as of December 31, 2023. The three-year ROAE for Finwise Bancorp totaled 27%, well above the peer median of 10.91%. "We are honored to be recognized as one of the best performing banks by American Banker," said Kent Landvatter, CEO of FinWise. "This accomplishment is a testament to th
MURRAY, Utah, May 16, 2024 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ:FINW) ("FinWise" or the "Company"), parent company of FinWise Bank (the "Bank"), today announced the launch of a new strategic lending program with Plannery, Inc. ("Plannery"). Plannery, based in San Mateo, CA and New York, NY, is a cutting-edge financial wellness platform that hospital systems can offer their employees to become and stay debt free. The FinWise loan product, in partnership with Plannery, allows hospital systems to offer their employees a simple solution to consolidate and reduce interest rates on credit card and personal loans. The product's unique payroll-linked payment structure helps reduce missed p
- Net Income of $3.3 Million for First Quarter of 2024 - - Diluted Earnings Per Share of $0.25 for First Quarter of 2024 - MURRAY, Utah, April 29, 2024 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ:FINW) ("FinWise" or the "Company"), parent company of FinWise Bank (the "Bank"), today announced results for the quarter ended March 31, 2024. First Quarter 2024 Highlights Loan originations were $1.1 billion, compared to $1.2 billion for the quarter ended December 31, 2023, and $0.9 billion for the first quarter of the prior yearNet interest income was $14.0 million, compared to $14.4 million for the quarter ended December 31, 2023, and $12.1 million for the first quarter of the prior
MURRAY, Utah, April 04, 2024 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ:FINW) ("FinWise" or the "Company"), the parent company of FinWise Bank, announced today that it will report its first quarter 2024 results and host a webcast and conference call after the market close on Monday, April 29, 2024. Webcast Information The webcast will be available on the Company's website at FinWise Earnings Call Live Webcast and a replay of the call will be available at Investor Relations | FinWise Bancorp (gcs-web.com) for six months following the call. Conference Call Information The conference call will be held at 5:30 PM ET to discuss financial results for the quarter ended March 31, 2024. T
MURRAY, Utah, July 22, 2024 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ:FINW) ("FinWise" or the "Company"), parent company of FinWise Bank (the "Bank"), today announced the expansion of its Board of Directors by appointing Susan Ehrlich to the Company's Board, effective immediately. Ms. Ehrlich has also been appointed to the Bank's Board of Directors. Ms. Ehrlich brings over 25 years of experience and successful achievements in lending, banking and payments across fintech, financial services and retail. She has a proven record of scaling growth and improving profitability through product innovation and digital business transformation. She currently serves as Partner of Core Innovation C
MURRAY, Utah, June 22, 2022 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ:FINW) ("FinWise" or the "Company"), the parent company of FinWise Bank, today announced the appointment of Simon Darchis as Vice President, Director of Specialty Lending. Mr. Darchis will replace David Tilis effective immediately. Mr. Tilis has decided to leave the Company, but has agreed to stay on as a consultant for a period of one year to facilitate a seamless transition. Mr. Darchis has been with FinWise for over four years and has been instrumental in the buildout and management of the Company's Strategic Lending Program. "Simon worked intimately with David and is a strong operator and experienced business l
Stephens initiated coverage of FinWise Bancorp with a rating of Overweight and set a new price target of $22.50
Piper Sandler initiated coverage of FinWise with a rating of Overweight and set a new price target of $15.50
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- Net Income of $3.5 Million - - Diluted Earnings Per Share of $0.25 - - Loan Originations Increase to $1.4 Billion - MURRAY, Utah, Oct. 24, 2024 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ:FINW) ("FinWise" or the "Company"), parent company of FinWise Bank (the "Bank"), today announced results for the quarter ended September 30, 2024. Third Quarter 2024 Highlights Loan originations increased to $1.4 billion, compared to $1.2 billion for the quarter ended June 30, 2024, and $1.1 billion for the third quarter of the prior yearNet interest income was
MURRAY, Utah, Sept. 30, 2024 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ:FINW) ("FinWise" or the "Company"), the parent company of FinWise Bank, today announced that it will report its third quarter 2024 results and host a conference call and webcast after the market close on Thursday, October 24, 2024. Webcast Information The webcast will be available on the Company's website at FinWise Earnings Call Live Webcast and a replay of the call will be available at Investor Relations | FinWise Bancorp (gcs-web.com) for six months following the call. Conference Call Information The conference call will be held at 5:30 PM ET to discuss financial results for the third quarter 2024. The dial-i
- Net Income of $3.2 Million for Second Quarter of 2024 - - Diluted Earnings Per Share of $0.24 for Second Quarter of 2024 - MURRAY, Utah, July 25, 2024 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ:FINW) ("FinWise" or the "Company"), parent company of FinWise Bank (the "Bank"), today announced results for the quarter ended June 30, 2024. Second Quarter 2024 Highlights Loan originations were $1.2 billion, compared to $1.1 billion for the quarter ended March 31, 2024, and $1.2 billion for the second quarter of the prior yearNet interest income was $14.6 million, compared to $14.0 million for the quarter ended March 31, 2024, and $13.7 million for the second quarter of the prior yearNet In
MURRAY, Utah, July 01, 2024 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ:FINW) ("FinWise" or the "Company"), the parent company of FinWise Bank, today announced that it will report its second quarter 2024 results and host a webcast and conference call after the market close on Thursday, July 25, 2024. Webcast Information The webcast will be available on the Company's website at FinWise Earnings Call Live Webcast and a replay of the call will be available at Investor Relations | FinWise Bancorp (gcs-web.com) for six months following the call. Conference Call Information The conference call will be held at 5:30 PM ET to discuss financial results for the quarter ended June 30, 2024
- Net Income of $3.3 Million for First Quarter of 2024 - - Diluted Earnings Per Share of $0.25 for First Quarter of 2024 - MURRAY, Utah, April 29, 2024 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ:FINW) ("FinWise" or the "Company"), parent company of FinWise Bank (the "Bank"), today announced results for the quarter ended March 31, 2024. First Quarter 2024 Highlights Loan originations were $1.1 billion, compared to $1.2 billion for the quarter ended December 31, 2023, and $0.9 billion for the first quarter of the prior yearNet interest income was $14.0 million, compared to $14.4 million for the quarter ended December 31, 2023, and $12.1 million for the first quarter of the prior
MURRAY, Utah, April 04, 2024 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ:FINW) ("FinWise" or the "Company"), the parent company of FinWise Bank, announced today that it will report its first quarter 2024 results and host a webcast and conference call after the market close on Monday, April 29, 2024. Webcast Information The webcast will be available on the Company's website at FinWise Earnings Call Live Webcast and a replay of the call will be available at Investor Relations | FinWise Bancorp (gcs-web.com) for six months following the call. Conference Call Information The conference call will be held at 5:30 PM ET to discuss financial results for the quarter ended March 31, 2024. T
- Net Income of $4.2 Million for Fourth Quarter of 2023 - - Diluted Earnings Per Share of $0.32 for Fourth Quarter of 2023 - MURRAY, Utah, Jan. 29, 2024 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ:FINW) ("FinWise" or the "Company"), parent company of FinWise Bank (the "Bank"), today announced results for the quarter ended December 31, 2023. Fourth Quarter 2023 Highlights Loan originations were $1.2 billion, compared to $1.1 billion for the quarter ended September 30, 2023, and $1.2 billion for the fourth quarter of the prior yearNet interest income was $14.4 million, compared to $14.4 million for the quarter ended September 30, 2023, and $12.6 million for the fourth quarter of the prio
MURRAY, Utah, Jan. 11, 2024 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ:FINW) ("FinWise" or the "Company"), the parent company of FinWise Bank, announced today that it will report its fourth quarter and full year 2023 results and host a webcast and conference call after the market close on Monday, January 29, 2024. Webcast Information The webcast will be available on the Company's website at FinWise Earnings Call Live Webcast and a replay of the call will be available at Investor Relations | FinWise Bancorp (gcs-web.com) for six months following the call. Conference Call Information The conference call will be held at 5:30 PM ET to discuss financial results for the quarter an
- Net Income of $4.8 Million for Third Quarter of 2023 - - Diluted Earnings Per Share of $0.37 for Third Quarter of 2023 - MURRAY, Utah, Oct. 26, 2023 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ:FINW) ("FinWise" or the "Company"), parent company of FinWise Bank (the "Bank"), today announced results for the quarter ended September 30, 2023. Third Quarter 2023 Highlights Loan originations were $1.1 billion, compared to $1.2 billion for the quarter ended June 30, 2023, and $1.5 billion for the third quarter of the prior yearNet interest income was $14.4 million, compared to $13.7 million for the quarter ended June 30, 2023, and $12.5 million for the third quarter of the prior year
MURRAY, Utah, Oct. 12, 2023 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ:FINW) ("FinWise" or the "Company"), the parent company of FinWise Bank, announced today that it will report its third quarter 2023 results after the market close and host a webcast and conference call on Thursday, October 26, 2023. The webcast will be available on the Company's website at FinWise Earnings Call Live Webcast. The conference call will be held at 5:30 PM ET on that day to discuss financial results for the quarter ended September 30, 2023. The dial-in number for the conference call is 1-877-423-9813 (toll-free) or 1-201-689-8573 (international). Please dial the number 10 minutes prior to the scheduled sta
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FinWise (NASDAQ:FINW) reported quarterly earnings of $0.25 per share which beat the analyst consensus estimate of $0.23 by 8.7 percent. This is a 13.79 percent decrease over earnings of $0.29 per share from the same period last year. The company reported quarterly sales of $19.470 million which missed the analyst consensus estimate of $19.567 million by 0.49 percent. This is a 17.06 percent increase over sales of $16.633 million the same period last year.
Piper Sandler analyst Andrew Liesch maintains FinWise (NASDAQ:FINW) with a Overweight and raises the price target from $15 to $17.
FinWise (NASDAQ:FINW) reported quarterly earnings of $0.32 per share which beat the analyst consensus estimate of $0.31 by 3.23 percent. This is a 34.69 percent decrease over earnings of $0.49 per share from the same period last year. The company reported quarterly sales of $20.40 million which beat the analyst consensus estimate of $18.82 million by 8.41 percent. This is a 9.00 percent decrease over sales of $22.42 million the same period last year.
FinWise (NASDAQ:FINW) reported quarterly earnings of $0.32 per share which beat the analyst consensus estimate of $0.31 by 3.23 percent.
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FinWise (NASDAQ:FINW) is set to give its latest quarterly earnings report on Monday, 2024-01-29. Here's what investors need to know before the announcement. Analysts estimate that FinWise will report an earnings per share (EPS) of $0.31. FinWise bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company beat EPS by $0.13, which was followed by a 0.0% drop in the share price the next day. H
FinWise (NASDAQ:FINW) reported quarterly earnings of $0.37 per share which beat the analyst consensus estimate of $0.24 by 54.17 percent. This is a 37.04 percent increase over earnings of $0.27 per share from the same period last year. The company reported quarterly sales of $19.64 million which beat the analyst consensus estimate of $17.48 million by 12.36 percent. This is a 2.01 percent decrease over sales of $20.04 million the same period last year.