FinWise Bancorp (FINW)

In the past six months, FinWise Bancorp reported Q1 2025 results with $1.3 billion in loan originations and net income of $3.2 million. It announced a partnership with Backd for business installment loans. Jim Noone was appointed CEO of FinWise Bank. The company was added to the Russell 2000® Index. FinWise reported Q2 2025 financial results, including $1.5 billion in loan originations and net income of $4.1 million. FinWise Bancorp's stock rallied due to its inclusion in the S&P Global BMI Index. A strategic program agreement with DreamFi, Inc. was announced to provide financial products to underbanked communities. An agreement with Tallied Technologies was made to deliver credit card products and processing solutions to fintechs.

Information specifically detailing the demand seasonality for FinWise Bancorp's products and services is not readily available.

FinWise Bancorp operates as the bank holding company for FinWise Bank, offering banking products and services to individual and corporate clients. It is categorized within the Financials sector and the Banks - Regional industry. FinWise Bank provides various deposit products and offers consumer, SBA 7(a), commercial, commercial real estate, and residential real estate loans. A key aspect of its business model involves strategic programs with third-party loan origination platforms, and the company is expanding its business model by incorporating Payments (MoneyRails™) and BIN Sponsorship offerings.

FinWise Bancorp is headquartered in Murray, Utah, and its subsidiary, FinWise Bank, operates one full-service banking location in Sandy, Utah. While having a physical presence in Utah, FinWise is a nationwide lender and takes deposits from consumers and small businesses across the United States, primarily serving customers in Utah and New York.

FinWise Bancorp was ranked #2 on American Banker's list of top-performing publicly traded banks with under $2 billion of assets. The company's reputation is generally positive among its local customer base in Utah. However, there have been concerns raised regarding certain past lending practices, and some traditional banking customers may be wary of the bank's collaborations with less established fintech companies. A class action lawsuit over a data breach that impacted 689,000 users has also affected FinWise Bancorp's reputation.

Major institutional owners of FinWise Bancorp include The Vanguard Group, Inc., BlackRock, Inc., Alliancebernstein L.P., U.S. Bancorp Asset Management, Inc., and State Street Global Advisors, Inc. James N. Giordano purchased 2,500 shares for an estimated $48,300.