FINW on Nasdaq
Finwise Bancorp
We are FinWise Bancorp, a Utah bank holding company headquartered in Murray, Utah.3 From its latest annual report
Price unavailable
Last updated Oct 19, 2026.
Overview
- TickerFINW on Nasdaq1
- IndustryState Commercial Banks1
- HeadquartersMurray, Utah1
- Incorporated inUT2
- Business address756 East Winchester Street #100, Murray, Ut 841072
- Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company2
- Legal formCorporation
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We are FinWise Bancorp, a Utah bank holding company headquartered in Murray, Utah. We operate through our wholly-owned subsidiary, FinWise Bank, a Utah state-chartered bank. Our business is conducted through three reportable segments: traditional banking, banking as a service (“BaaS”) and treasury & administration. We currently operate one full-service banking location in Sandy, Utah. We are a nationwide lender to consumers and small businesses. We believe that traditional barriers to servicing banking customers have been substantially lowered due to technological advances in the distribution and management of banking products and services. We seek to capitalize on these advances by leveraging strategic relationships, as well as proprietary loan origination systems and data analytics technology, to expand our reach in marketing channels utilized and credit products offered. As a technolo…3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.7
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Interest and fees on loans | $87.1M | $68.9M |
| Interest on securities | $1.5M | $897.0K |
| Other interest income | $3.9M | $4.6M |
| Total interest income | $92.5M | $74.4M |
| Interest on deposits | $20.3M | $15.4M |
| Total interest expense | $20.3M | $15.4M |
| Net interest income | $72.2M | $58.9M |
| Provision for credit losses | $38.6M | $11.6M |
| Net interest income after provision for credit losses | $33.6M | $47.3M |
| Strategic Program fees | $22.0M | $17.8M |
| Gain on sale of loans, net | $6.4M | $2.0M |
| SBA loan servicing fees, net | -$156.0K | $1.1M |
| Change in fair value on investment in BFG | $1.3M | -$625.0K |
| Credit enhancement income | $23.9M | $111.0K |
| Other miscellaneous income | $5.0M | $2.1M |
| Total non-interest income | $58.5M | $22.5M |
| Salaries and employee benefits | $42.3M | $35.2M |
| Professional services | $3.6M | $4.7M |
| Occupancy and equipment expenses | $1.9M | $2.2M |
| Credit enhancement servicing expense | $1.2M | $1.0K |
| Credit enhancement guarantee expense | $8.5M | $8.0K |
| Other operating expenses | $12.8M | $10.7M |
| Total non-interest expense | $70.3M | $52.8M |
| Income before income taxes | $21.8M | $17.0M |
| Provision for income taxes | $5.7M | $4.2M |
| Net income | $16.1M | $12.7M |
| Earnings per share, basic (in dollars per share) | $1.20 | $0.98 |
| Earnings per share, diluted (in dollars per share) | $1.13 | $0.93 |
| Weighted average shares outstanding, basic (in shares) | 12.8M shares | 12.6M shares |
| Weighted average number of shares outstanding, diluted (in shares) | 13.6M shares | 13.2M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and due from banks | $12.1M | $9.6M | |
| Interest-bearing deposits in other banks (restricted cash of $4.1 million and $3.2 million, respectively) | $151.3M | $99.6M | |
| Total cash and cash equivalents | $163.4M | $109.2M | |
| Investment securities available-for-sale, at fair value, net of allowance for credit losses of $0, (amortized cost of $27.5 million and $30.0 million, respectively) | $27.8M | $29.9M | |
| Investment securities held-to-maturity, net of allowance for credit losses of $0, (fair value of $9.0 million and $11.1 million, respectively) | $9.9M | $12.6M | |
| Investment in Federal Home Loan Bank (FHLB) stock, at cost | $440.0K | $349.0K | |
| Strategic Program loans held-for-sale, at lower of cost or fair value | $146.5M | $91.6M | |
| Loans held-for-investment, net of allowance for credit losses of $36.8 million and $13.2 million, respectively | $541.6M | $447.8M | |
| Credit enhancement asset | $22.4M | $111.0K | $0 |
| Premises and equipment, net | $2.5M | $3.5M | |
| Assets subject to operating leases, net of accumulated depreciation of $4.7 million and $2.7 million, respectively | $12.6M | $10.2M | |
| Accrued interest receivable | $3.7M | $3.6M | |
| Deferred income taxes, net | $2.3M | $0 | |
| Small Business Administration (SBA) servicing asset, net | $3.5M | $3.3M | $4.2M |
| Investment in Business Funding Group (BFG), at fair value | $9.0M | $7.7M | |
| Operating lease right-of-use (ROU) assets | $3.0M | $3.6M | |
| Income taxes receivable, net | $3.5M | $8.9M | |
| Other assets | $25.0M | $13.8M | |
| Total assets | $977.1M | $746.0M | |
| Noninterest-bearing | $168.4M | $126.8M | |
| Interest-bearing | $586.1M | $418.2M | |
| Total deposits | $754.6M | $545.0M | |
| Accrued interest payable | $2.6M | $1.5M | |
| Income taxes payable, net | $837.0K | $4.4M | |
| Deferred income taxes, net | $0 | $899.0K | |
| Operating lease liabilities | $4.4M | $5.3M | |
| Other liabilities | $21.5M | $15.2M | |
| Total liabilities | $783.9M | $572.3M | |
| Preferred stock, $0.001 par value, 4,000,000 authorized; no shares issued and outstanding as of December 31, 2025 and December 31, 2024 | $0 | $0 | |
| Common stock, $0.001 par value, 40,000,000 shares authorized; 13,655,961 and 13,211,640 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $14.0K | $13.0K | |
| Additional paid-in-capital | $61.0M | $56.9M | |
| Retained earnings | $132.2M | $116.6M | |
| Accumulated other comprehensive income, net of tax | $26.0K | $187.0K | |
| Total shareholders equity | $193.2M | $173.7M | $155.1M |
| Total liabilities and shareholders equity | $977.1M | $746.0M | |
| Restricted cash | $4.1M | $3.2M | |
| Debt securities, available-for-sale, allowance for credit loss | $0 | $0 | |
| Debt securities, available-for-sale, amortized cost | $27.5M | $30.0M | |
| Investment securities held-to-maturity, allowance for credit losses | $0 | $0 | |
| Investment securities held-to-maturity, fair value | $9.0M | $11.1M | |
| Allowance for credit losses | $36.8M | $13.2M | $12.9M |
| Accumulated depreciation | $4.7M | $2.7M | |
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Preferred stock, shares authorized (in shares) | 4.0M shares | 4.0M shares | |
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | |
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | |
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in shares) | 40.0M shares | 40.0M shares | |
| Common stock, shares, issued (in shares) | 13.7M shares | 13.2M shares | |
| Common stock, shares outstanding (in shares) | 13.7M shares | 13.2M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and due from banks | $12.1M | $9.6M | |
| Interest-bearing deposits in other banks (restricted cash of $4.1 million and $3.2 million, respectively) | $151.3M | $99.6M | |
| Total cash and cash equivalents | $163.4M | $109.2M | |
| Investment securities available-for-sale, at fair value, net of allowance for credit losses of $0, (amortized cost of $27.5 million and $30.0 million, respectively) | $27.8M | $29.9M | |
| Investment securities held-to-maturity, net of allowance for credit losses of $0, (fair value of $9.0 million and $11.1 million, respectively) | $9.9M | $12.6M | |
| Investment in Federal Home Loan Bank (FHLB) stock, at cost | $440.0K | $349.0K | |
| Strategic Program loans held-for-sale, at lower of cost or fair value | $146.5M | $91.6M | |
| Loans held-for-investment, net of allowance for credit losses of $36.8 million and $13.2 million, respectively | $541.6M | $447.8M | |
| Credit enhancement asset | $22.4M | $111.0K | $0 |
| Premises and equipment, net | $2.5M | $3.5M | |
| Assets subject to operating leases, net of accumulated depreciation of $4.7 million and $2.7 million, respectively | $12.6M | $10.2M | |
| Accrued interest receivable | $3.7M | $3.6M | |
| Deferred income taxes, net | $2.3M | $0 | |
| Small Business Administration (SBA) servicing asset, net | $3.5M | $3.3M | $4.2M |
| Investment in Business Funding Group (BFG), at fair value | $9.0M | $7.7M | |
| Operating lease right-of-use (ROU) assets | $3.0M | $3.6M | |
| Income taxes receivable, net | $3.5M | $8.9M | |
| Other assets | $25.0M | $13.8M | |
| Total assets | $977.1M | $746.0M | |
| Noninterest-bearing | $168.4M | $126.8M | |
| Interest-bearing | $586.1M | $418.2M | |
| Total deposits | $754.6M | $545.0M | |
| Accrued interest payable | $2.6M | $1.5M | |
| Income taxes payable, net | $837.0K | $4.4M | |
| Deferred income taxes, net | $0 | $899.0K | |
| Operating lease liabilities | $4.4M | $5.3M | |
| Other liabilities | $21.5M | $15.2M | |
| Total liabilities | $783.9M | $572.3M | |
| Preferred stock, $0.001 par value, 4,000,000 authorized; no shares issued and outstanding as of December 31, 2025 and December 31, 2024 | $0 | $0 | |
| Common stock, $0.001 par value, 40,000,000 shares authorized; 13,655,961 and 13,211,640 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $14.0K | $13.0K | |
| Additional paid-in-capital | $61.0M | $56.9M | |
| Retained earnings | $132.2M | $116.6M | |
| Accumulated other comprehensive income, net of tax | $26.0K | $187.0K | |
| Total shareholders equity | $193.2M | $173.7M | $155.1M |
| Total liabilities and shareholders equity | $977.1M | $746.0M | |
| Restricted cash | $4.1M | $3.2M | |
| Debt securities, available-for-sale, allowance for credit loss | $0 | $0 | |
| Debt securities, available-for-sale, amortized cost | $27.5M | $30.0M | |
| Investment securities held-to-maturity, allowance for credit losses | $0 | $0 | |
| Investment securities held-to-maturity, fair value | $9.0M | $11.1M | |
| Allowance for credit losses | $36.8M | $13.2M | $12.9M |
| Accumulated depreciation | $4.7M | $2.7M | |
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Preferred stock, shares authorized (in shares) | 4.0M shares | 4.0M shares | |
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | |
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | |
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in shares) | 40.0M shares | 40.0M shares | |
| Common stock, shares, issued (in shares) | 13.7M shares | 13.2M shares | |
| Common stock, shares outstanding (in shares) | 13.7M shares | 13.2M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.7
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income | $16.1M | $12.7M |
| Depreciation and amortization | $4.9M | $5.3M |
| Provision for credit losses | $38.6M | $11.6M |
| Noncash operating lease cost | $601.0K | $729.0K |
| Net (accretion) amortization in securities (discounts) and premiums | -$18.0K | -$25.0K |
| Other | -$2.0M | -$269.0K |
| Gain on sale of loans, net | -$6.4M | -$2.0M |
| Originations of Strategic Program loans held-for-sale | -$5.7B | -$4.8B |
| Proceeds from sale of Strategic Program loans held-for-sale | $5.7B | $4.8B |
| Change in fair value of BFG | -$1.3M | $625.0K |
| Impairment (recovery) of SBA servicing asset | $924.0K | -$865.0K |
| Stock-based compensation expense | $3.6M | $2.0M |
| Noncash change in credit enhancement asset | -$22.3M | -$111.0K |
| Deferred income taxes | -$3.2M | $90.0K |
| Accrued interest receivable | -$141.0K | $7.0K |
| Other assets | -$6.0M | -$1.7M |
| Accrued interest payable | $1.1M | $875.0K |
| Operating lease liabilities | -$894.0K | -$994.0K |
| Other liabilities | $2.1M | $1.1M |
| Net cash used in operating activities | -$28.4M | -$15.0M |
| Net increase in loans receivable | -$188.2M | -$65.0M |
| Purchase of lease pools | -$44.4M | -$35.8M |
| Proceeds from sales of loans held-for-investment | $105.9M | $529.0K |
| Proceeds from sales of assets subject to operating leases | $468.0K | $103.0K |
| Purchase of investment securities available-for-sale | $0 | -$30.0M |
| Purchase of bank premises and equipment, net | -$219.0K | -$1.1M |
| Purchase of assets subject to operating leases | -$5.5M | -$3.8M |
| Proceeds from maturities of securities available-for-sale | $2.5M | $0 |
| Proceeds from maturities and paydowns of securities held-to-maturity | $2.7M | $2.8M |
| (Purchase) redemption of FHLB stock | -$91.0K | -$111.0K |
| Net cash used in investing activities | -$126.9M | -$132.4M |
| Net increase in deposits | $209.6M | $140.1M |
| Common stock repurchased | $0 | -$461.0K |
| Proceeds from exercise of stock options | $481.0K | $25.0K |
| Payment of taxes related to net share settlement of equity awards | -$516.0K | $0 |
| Repayment of PPP Liquidity Facility | $0 | -$126.0K |
| Net cash provided by financing activities | $209.6M | $139.6M |
| Net change in cash, cash equivalents and restricted cash | $54.2M | -$7.8M |
| Cash paid for interest | $19.2M | $14.6M |
| Increase in BFG investment in exchange for shares of the Company's common stock | $0 | $4.1M |
No quarter-by-quarter statement was filed.
Leadership
Who has led Finwise Bancorp, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
2025
- Chief executive officerKent Landvatter Nov 18, 2021 to now10
- ChairKent Landvatter Dec 14, 2022 to now11
- PresidentKent Landvatter Nov 18, 2021 to Nov 9, 202310
- Chief financial officerRobert E. Wahlman Apr 2, 2024 to now12
- Chief financial officerJavvis O. Jacobson Nov 18, 2021 to Oct 31, 202313
- Chief operating officerDawn M. Cannon Nov 18, 2021 to Oct 31, 202214
Board members and other officers (19)
- OfficerJuan Carlos Arias Apr 8, 2026 to now15
- OfficerSarah Elizabeth Grotta Apr 8, 2026 to now16
- OfficerTimothy Stephen Brosnan Apr 8, 2026 to now17
- OfficerAndrew G. Stines Dec 3, 2025 to now18
- EVP Chief Technology OfficerRichard Thiessens Feb 9, 2024 to Feb 9, 202419
- EVP Chief FinTech OfficerRobert Keil Feb 9, 2024 to Mar 5, 202420
- OfficerNatasha Laurette Clayton Nov 5, 2024 to now21
- OfficerDawn M. Cannon Apr 20, 2023 to Apr 2, 202422
- CSO AND SENIOR VPDavid Tilis Nov 18, 2021 to May 4, 202223
- Board memberSusan Ehrlich Jul 25, 2024 to now24
- Board memberAlan Weichselbaum Dec 13, 2022 to now25
- Board memberGerald Edwin Cunningham Nov 18, 2021 to now26
- Board memberHoward I. Reynolds Nov 18, 2021 to now27
- Board memberJames N. Giordano Nov 18, 2021 to now28
- Board memberJeana Hutchings Nov 18, 2021 to now29
- Board memberKent Landvatter Nov 18, 2021 to Aug 1, 202210
- Board memberLisa Ann Nievaard Nov 18, 2021 to now30
- Board memberRussell Fred Healey Jr. Nov 18, 2021 to Nov 23, 202131
- Board memberThomas Elmer Gibson Jr. Nov 18, 2021 to now32
Named in SEC Form D filings
People the company listed in its private-offering notices.
Timeline
- Nov 18, 2021New chief executive Kent Landvatter becomes CEO10
Filings
271 filings to the SEC since October 2021: 5 annual reports, 14 quarterly reports, 60 major events, 147 insider forms, 14 large holders, 1 private raises, 30 other. The latest 20:
- Aug 12, 202610-Q EDGAR
- Jul 29, 20264 EDGAR
- Jul 29, 20264 EDGAR
- Jul 29, 20264 EDGAR
- Jul 29, 20264 EDGAR
- Jul 29, 20264 EDGAR
- Jul 29, 20264 EDGAR
- Jul 29, 20264 EDGAR
- Jul 29, 20264 EDGAR
- Jul 29, 20264 EDGAR
- Jul 29, 20268-K EDGAR
- Jul 20, 20268-K EDGAR
- Jul 14, 2026S-8 EDGAR
- Jun 29, 20268-K/A EDGAR
- Jun 25, 20268-K EDGAR
- Jun 1, 20264 EDGAR
- Jun 1, 20264 EDGAR
- Jun 1, 20264 EDGAR
- Jun 1, 20264 EDGAR
- May 28, 20264 EDGAR
The 271 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
27 open-market trades by officers, directors and large owners since October 2021: 26 buys and 1 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Nov 3, 2025 | Keil Robert | Sale | 1,500 | $19.48 | $29.2K | Form 4 |
| Oct 31, 2025 | Reynolds Howard IDirector | Buy | 2,297 | $18.95 | $43.5K | Form 4 |
| Sep 5, 2025 | Giordano James NDirector | Buy | 2,500 | $19.32 | $48.3K | Form 4 |
| Mar 5, 2024 | Keil Robert | Buy | 840 | $9.50 | $8.0K | Form 4 |
| Feb 22, 2024 | Keil Robert | Buy | 1,000 | $9.55 | $9.6K | Form 4 |
| Oct 30, 2023 | Jacobson Javvis OCFO AND EXECUTIVE VP | Buy | 100 | $8.45 | $845 | Form 4 |
| Aug 15, 2023 | Giordano James NDirector | Buy | 3,000 | $10.32 | $31.0K | Form 4 |
| Dec 13, 2022 | Landvatter KentEXECUTIVE CHAIRMAN | Buy | 1,000 | $9.10 | $9.1K | Form 4 |
| Oct 28, 2022 | Cannon Dawn MSee Remarks | Buy | 2,100 | $9.53 | $20.0K | Form 4 |
| Aug 1, 2022 | Jacobson Javvis OCFO AND EXECUTIVE VP | Buy | 100 | $9.57 | $957 | Form 4 |
| Jul 29, 2022 | OBrien Michael ChristopherSee Remarks | Buy | 5,000 | $10.12 | $50.6K | Form 4 |
| Jul 29, 2022 | Jacobson Javvis OCFO AND EXECUTIVE VP | Buy | 1,480 | $10.13 | $15.0K | Form 4 |
| Jul 29, 2022 | Landvatter KentEXECUTIVE CHAIRMAN | Buy | 4,963 | $10.00 | $49.6K | Form 4 |
| May 2, 2022 | Tilis DavidCSO AND SENIOR VP | Buy | 3,050 | $14.96 | $45.6K | Form 4 |
| Nov 19, 2021 | Noone JamesCHIEF EXECUTIVE OFFICER | Buy | 15,000 | $10.50 | $157.5K | Form 4 |
| Nov 19, 2021 | Tilis DavidCSO AND SENIOR VP | Buy | 10,000 | $10.50 | $105.0K | Form 4 |
| Nov 19, 2021 | Giordano James NDirector | Buy | 10,000 | $10.50 | $105.0K | Form 4 |
| Nov 19, 2021 | Healey Russell Fred JrDirector | Buy | 10,000 | $10.50 | $105.0K | Form 4 |
| Nov 19, 2021 | Reynolds Howard IDirector | Buy | 8,000 | $10.50 | $84.0K | Form 4 |
| Nov 19, 2021 | Cannon Dawn MSee Remarks | Buy | 2,500 | $10.50 | $26.2K | Form 4 |
All 27 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- WASATCH ADVISORS LPSCHEDULE 13G/A, 2 filings May 13, 2025 to Feb 11, 202634
- Kent LandvatterSC 13G, 3 filings Feb 14, 2022 to Feb 13, 202435
- BASSWOOD CAPITAL MANAGEMENT, L.L.C.SC 13G/A, 2 filings Feb 10, 2023 to Feb 12, 202436
- Jarret PrussinSC 13G/A, 2 filings May 16, 2023 to Feb 6, 202437
- Menachem WilenkinSC 13G/A, 2 filings May 16, 2023 to Feb 6, 202438
Money raised
Private offerings the company reported to the SEC on Form D.
- Jan 26, 2024Raised $5 million in a private offering of equity Form D: 4 investors so far Form D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 69. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARFinwise Bancorp filings on SEC EDGAR
- 2SEC EDGARFinwise Bancorp filings on SEC EDGAR
- 3
- 4SEC EDGARFinwise Bancorp 10-K for fiscal 2021
- 5SEC EDGARFinwise Bancorp 10-K for fiscal 2022
- 6SEC EDGARFinwise Bancorp 10-K for fiscal 2023
- 7SEC EDGARFinwise Bancorp 10-K for fiscal 2024
- 8SEC EDGARFinwise Bancorp 10-Q for fiscal 2026
- 9SEC EDGARFinwise Bancorp 10-Q for fiscal 2026
- 10
- 11SEC EDGARKent Landvatter, Chair
- 12
- 13
- 14
- 15SEC EDGARJuan Carlos Arias, Officer
- 16SEC EDGARSarah Elizabeth Grotta, Officer
- 17SEC EDGARTimothy Stephen Brosnan, Officer
- 18SEC EDGARAndrew G. Stines, Officer
- 19
- 20
- 21SEC EDGARNatasha Laurette Clayton, Officer
- 22SEC EDGARDawn M. Cannon, Officer
- 23SEC EDGARDavid Tilis, CSO AND SENIOR VP
- 24SEC EDGARSusan Ehrlich, Board member
- 25SEC EDGARAlan Weichselbaum, Board member
- 26
- 27SEC EDGARHoward I. Reynolds, Board member
- 28SEC EDGARJames N. Giordano, Board member
- 29SEC EDGARJeana Hutchings, Board member
- 30SEC EDGARLisa Ann Nievaard, Board member
- 31
- 32
- 33
- 34
- 35
- 36
- 37
- 38