FinWise Bancorp
Description
FinWise Bancorp operates as the bank holding company for FinWise Bank that provides various banking products and services to individual and corporate customers in Utah. The company offers various deposit products, including interest and noninterest bearing demand accounts, health savings account demand deposits, NOW and money market accounts, and checking and savings accounts, as well as time deposits and certificates of deposits. It also provides loans, including consumer, small business administration, commercial, commercial real estate, and residential real estate loans. In addition, the company offers debit cards, remote deposit capture, online banking, mobile banking, and direct deposit services; and business accounts and cash management services, such as business checking and savings accounts, and treasury services. FinWise Bancorp was founded in 1999 and is headquartered in Murray, Utah.
About
CEO
Mr. Kent R. Landvatter
Employees
194
Instrument type
Common Stock
Sector
Financial Services
Industry
Banks - Regional
MIC code
XNMS
Address
756 East Winchester St., Murray, UT 84107, United States
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Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 22, 2025 | — | — | — | — |
| Jul 24, 2025 | — | — | — | — |
| Apr 29, 2025 | — | — | — | — |
| Jan 31, 2025 | 0.23 | — | — | — |
| Oct 25, 2024 | 0.21 | 0.25 | 0.04 | 19.05% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 3 | — | 3 |
| Average estimate | — | 0.18 | — | 0.90 |
| Low estimate | — | 0.16 | — | 0.89 |
| High estimate | — | 0.20 | — | 0.90 |
| Last year EPS | — | 0.25 | — | 0.98 |
[stock_revenue_estimate]
Growth estimates
Current qtr
1.330%
Next qtr. (Mar 2025)
4.170%
Current year
20.790%
Next year (Dec 2025)
61.130%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 76.24M | 88.78M | 79.82M | 42.07M | 33.81M |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 25.75M | 24.49M | 21.74M | 16.84M | 11.89M |
| Other operating expenses | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | — | — | — | — | — |
| Pretax income | 23.81M | 36.03M | 42.27M | 15.14M | 12.84M |
| Tax provision | 6.35M | 10.92M | 10.69M | 3.94M | 3.18M |
| Net income | 17.46M | 25.12M | 31.58M | 11.20M | 9.66M |
| Basic EPS | 1.38 | 1.96 | 3.44 | 1.27 | 0.79 |
| Diluted EPS | 1.33 | 1.87 | 3.27 | 1.21 | 0.79 |
| Basic average shares | 12.49M | 12.73M | 8.67M | 8.18M | 12.25M |
| Diluted average shares | 12.49M | 12.73M | 8.67M | 8.18M | 12.25M |
| EBITDA | — | — | — | — | — |
| Net income from continuing op. | 17.46M | 25.12M | 31.58M | 11.20M | 9.66M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | 288,000 | 193,000 | 1.78M | 837,000 | 22,000 |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | — | — | — | — | — |
| Current assets | |||||
| Cash | 411,000 | 386,000 | 411,000 | 405,000 | 423,000 |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 116.98M | 100.57M | 85.75M | 47.38M | 34.78M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 3.57M | 1.82M | 1.55M | 1.63M | 943,000 |
| Other receivables | 2.40M | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | 13.59M | 7.84M | — | — | — |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | 3.30M | 3.70M | 2.22M | 1.78M | 1.53M |
| Construction in progress | 2.15M | 1.51M | 2.33M | 436,000 | 100,000 |
| Leases | 3.70M | 3.72M | 80,000 | 80,000 | 80,000 |
| Accumulated depreciation | -3.82M | -2.26M | -1.35M | -1.03M | -780,000 |
| Goodwill | — | — | — | — | — |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | — | — | — | — | — |
| Investments and advances | 19.59M | 19.09M | 17.32M | 5.58M | 3.91M |
| Other non current assets | — | — | — | — | — |
| Total liabilities | — | — | — | — | — |
| Current liabilities | |||||
| Accounts payable | 619,000 | 54,000 | 48,000 | 195,000 | 64,000 |
| Accrued expenses | — | — | — | — | — |
| Short term debt | — | — | — | — | — |
| Deferred revenue | — | — | — | — | — |
| Tax payable | 1.87M | 1.08M | 233,000 | 709,000 | 169,000 |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 6.49M | 7.33M | 1.05M | 101.01M | — |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 748,000 | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 12,000 | 13,000 | 13,000 | 9,000 | 9,000 |
| Retained earnings | 103.84M | 85.83M | 60.59M | 29.01M | 17.81M |
| Other shareholders equity | — | — | — | — | — |
| Total shareholders equity | 155.06M | 140.46M | 115.44M | 45.87M | 33.10M |
| Additional paid in capital | 51.20M | 54.61M | 54.84M | 16.85M | 15.27M |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 17.46M | 25.12M | 31.58M | 11.20M | 9.66M |
| Depreciation | 3.81M | 2.11M | 1.04M | 1.01M | 460,000 |
| Deferred Taxes | 1.92M | 656,000 | -1.37M | -312,000 | 11,000 |
| Stock-Based Compensation | 2.05M | 778,000 | 2.10M | 1.76M | 1.77M |
| Other Non-Cash Items | -23.33M | 33.06M | -42.85M | 3.02M | -18.88M |
| Accounts Receivable | -1.76M | -270,000 | 81,000 | -686,000 | -478,000 |
| Accounts Payable | 565,000 | 6,000 | -147,000 | 131,000 | 8,000 |
| Other Assets & Liabilities | 1.37M | -2.51M | 4.15M | 1.87M | -1.55M |
| Operating Cash Flow | 2.09M | 58.95M | -5.42M | 17.99M | -9.00M |
| Investing Activities | |||||
| Capital Expenditures | -7.46M | -7.21M | -2.33M | -592,000 | -540,000 |
| Net Intangibles | — | — | — | — | — |
| Net Acquisitions | — | — | — | — | — |
| Purchase of Investments | -2.96M | -5.04M | -10.40M | -1.75M | — |
| Sale of Investments | 1.84M | 1.95M | 678,000 | 375,000 | 125,000 |
| Investing Cash Flow | -8.36M | -10.37M | -12.23M | -2.03M | -477,000 |
| Financing Activities | |||||
| Long-Term Debt Issuance | — | — | 5.56M | 115.98M | — |
| Long-Term Debt Payments | -125,000 | -736,000 | -105.52M | -14.97M | — |
| Other Financing Charges | — | — | — | -268,000 | -1.28M |
| Financing Cash Flow | -4.87M | -1.87M | -64.38M | 100.70M | -1.37M |
| Other Cash Details | |||||
| End Cash Position | 116.98M | 100.57M | 85.75M | 47.38M | 34.78M |
| Income Tax Paid | 6.63M | 9.36M | 10.47M | 3.33M | 3.18M |
| Interest Paid | 9.41M | 1.43M | 1.41M | 1.63M | 1.40M |
| Free Cash Flow | 4.81M | 53.94M | -11.57M | 18.99M | -8.43M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 261,228 | 5.22M | 1.98% |
| Wasatch Micro-Cap Value Fund | Sep 30, 2024 | 160,321 | 3.20M | 1.21% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 142,628 | 2.85M | 1.08% |
| Financial Investors Tr-Emerald Banking & Finance Fund | Oct 31, 2024 | 85,424 | 1.71M | 0.65% |
| Fidelity Extended Market Index Fund | Nov 30, 2024 | 48,302 | 965,556 | 0.37% |
| Clearwater Select Equity Fund | Sep 30, 2024 | 38,885 | 777,311 | 0.29% |
| Bridgeway Fds Inc-Omni Small Cap Value Fund | Sep 30, 2024 | 30,700 | 613,692 | 0.23% |
| Bridgeway Funds Inc-Ultra Small Company Market Fund | Sep 30, 2024 | 24,800 | 495,751 | 0.19% |
| iShares Micro Cap ETF | Nov 30, 2024 | 24,180 | 483,358 | 0.18% |
| EA Series Trust-EA Bridgeway Omni Small-Cap Value ETF | Sep 30, 2024 | 21,408 | 427,945 | 0.16% |
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