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FinWise Bancorp (FINW) 10-Year Financial Performance & Capital Metrics

FINW • • Banking & Credit
Financial ServicesRegional BanksDigital & Specialized BankingSBA & Specialty Lending
AboutFinWise Bancorp operates as the bank holding company for FinWise Bank that provides various banking products and services to individual and corporate customers. It offers various deposit products, including interest and noninterest bearing demand, NOW, money market, and checking and savings accounts, as well as time deposits and certificates of deposits. The company also provides small business administration, residential and commercial real estate, consumer, and commercial non-real estate loans. In addition, it offers debit cards, remote deposit capture, online banking, mobile banking, and direct deposit services; and cash management and treasury 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.Show more
  • Net Interest Income $59M +8.0%
  • Total Revenue $97M +12.6%
  • Net Income $13M -27.0%
  • Return on Equity 7.75% -34.4%
  • Net Interest Margin 7.9% -15.1%
  • Efficiency Ratio 54.85% +15.4%
  • ROA 1.91% -45.9%
  • Equity / Assets 23.29% -12.0%
  • Book Value per Share 13.13 +9.3%
  • Tangible BV/Share 13.13 +9.3%
  • Debt/Equity 0.03 -26.2%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Strong NIM of 7.9%
  • ✓Efficient operations: 54.9% efficiency ratio
  • ✓Well capitalized: 23.3% equity/assets
  • ✓Trading at only 1.3x book value

✗Weaknesses

  • ✗Weak Piotroski F-Score: 2/9

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y22.54%
3Y6.32%
TTM-

Profit (Net Income) CAGR

10Y-
5Y5.7%
3Y-26.11%
TTM6.13%

EPS CAGR

10Y-
5Y3.32%
3Y-34.24%
TTM0%

ROCE

10Y Avg21.93%
5Y Avg18.94%
3Y Avg16.11%
Latest8.98%

Peer Comparison

SBA & Specialty Lending
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
Safety & Leverage
TTM Growth
Famous Investor Metrics
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Latest Quarter
Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
TFINTriumph Financial, Inc.1.6B67.15124.353.34%3.3%1%0.16
LOBLive Oak Bancshares, Inc.1.66B36.1221.3719.67%8.34%5.78%29.41%0.11
ESQEsquire Financial Holdings, Inc.901.77M105.2820.4813.67%31.57%17.59%4.33%
FINWFinWise Bancorp238.99M17.5918.9112.56%13.07%7.97%0.03
FSFGFirst Savings Financial Group, Inc.224.48M32.0016.164.58%10.11%11.73%40.32%1.98
RBBRBB Bancorp361.56M21.2114.43-1.75%11.49%5.09%15.96%0.72
HOPEHope Bancorp, Inc.1.45B11.2813.76-8.63%9.96%2.29%7.39%0.18
HAFCHanmi Financial Corporation830.06M27.7113.528.03%14.48%9.31%6.18%0.54

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Net Interest Income+19.95M27.75M47.98M50.9M54.56M58.91M
NII Growth %-0.39%0.73%0.06%0.07%0.08%
Net Interest Margin %------
Interest Income21.41M29.51M49.24M52.33M64.53M74.35M
Interest Expense1.46M1.76M1.26M1.43M9.97M15.44M
Loan Loss Provision5.29M5.23M8.04M13.52M11.64M11.57M
Non-Interest Income+13.86M14.32M31.84M37.89M22.06M23.11M
Non-Interest Income %------
Total Revenue+35.27M43.83M81.09M90.22M86.59M97.46M
Revenue Growth %-0.24%0.85%0.11%-0.04%0.13%
Non-Interest Expense15.69M21.7M29.51M39.23M41.16M53.46M
Efficiency Ratio------
Operating Income+12.84M15.14M42.27M36.03M23.81M16.99M
Operating Margin %------
Operating Income Growth %-0.18%1.79%-0.15%-0.34%-0.29%
Pretax Income+12.84M15.14M42.27M36.03M23.81M16.99M
Pretax Margin %------
Income Tax+3.18M3.94M10.69M10.92M6.35M4.25M
Effective Tax Rate %------
Net Income+9.66M11.2M31.58M25.11M17.46M12.74M
Net Margin %------
Net Income Growth %-0.16%1.82%-0.2%-0.3%-0.27%
Net Income (Continuing)9.66M11.2M31.58M25.11M17.46M12.74M
EPS (Diluted)+0.791.213.271.871.330.93
EPS Growth %-0.53%1.7%-0.43%-0.29%-0.3%
EPS (Basic)0.791.273.441.961.380.98
Diluted Shares Outstanding12.25M11.93M9.11M13.36M12.91M13.23M

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash & Short Term Investments+1000K1000K1000K1000K1000K1000K
Cash & Due from Banks34.78M47.38M85.75M100.57M116.97M106.06M
Short Term Investments000000
Total Investments+134.75M258.6M276.25M257.65M387.55M476.95M
Investments Growth %-0.92%0.07%-0.07%0.5%0.23%
Long-Term Investments134.75M258.6M276.25M257.65M387.55M476.95M
Accounts Receivables943K1000K1000K1000K1000K1000K
Goodwill & Intangibles+------
Goodwill000000
Intangible Assets000000
PP&E (Net)926K1.26M3.29M14.52M18.92M19.89M
Other Assets5.53M8.19M11.55M15.81M18.69M60.49M
Total Current Assets35.72M49.01M87.3M111.64M161.06M188.65M
Total Non-Current Assets141.34M268.5M292.91M289.14M425.16M557.33M
Total Assets+177.06M317.51M380.21M400.78M586.22M745.98M
Asset Growth %-0.79%0.2%0.05%0.46%0.27%
Return on Assets (ROA)0.05%0.05%0.09%0.06%0.04%0.02%
Accounts Payable64K195K48K54K619K1.49M
Total Debt+0101.01M1.05M7.33M6.49M5.37M
Net Debt-34.78M53.62M-84.7M-93.23M-110.49M-100.7M
Long-Term Debt0101.01M1.05M314K190K64K
Short-Term Debt000000
Other Liabilities1.71M5.26M11.55M9.94M16.61M19.55M
Total Current Liabilities142.25M165.38M252.17M243.05M407.32M546.45M
Total Non-Current Liabilities1.71M106.26M12.6M17.27M23.84M25.81M
Total Liabilities143.97M271.64M264.77M260.32M431.17M572.26M
Total Equity+33.09M45.87M115.44M140.46M155.06M173.72M
Equity Growth %-0.39%1.52%0.22%0.1%0.12%
Equity / Assets (Capital Ratio)------
Return on Equity (ROE)0.29%0.28%0.39%0.2%0.12%0.08%
Book Value per Share2.703.8512.6710.5212.0113.13
Tangible BV per Share------
Common Stock9K9K13K13K12K13K
Additional Paid-in Capital15.27M16.85M54.84M54.61M51.2M56.93M
Retained Earnings17.81M29.01M60.59M85.83M103.84M116.59M
Accumulated OCI00000187K
Treasury Stock000000
Preferred Stock000000

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-7.89M19.59M-9.23M61.15M12.27M-14.99M
Operating CF Growth %-3.48%-1.47%7.62%-0.8%-2.22%
Net Income9.66M11.2M31.58M25.11M17.46M12.74M
Depreciation & Amortization460K1.01M1.04M2.11M3.81M5.26M
Deferred Taxes11K-312K-1.37M656K1.92M90K
Other Non-Cash Items-17.77M4.62M-46.66M35.27M-13.15M-34.32M
Working Capital Changes-2.02M1.32M4.08M-2.77M182K-816K
Cash from Investing+-29.29M-130.22M24.26M-35.83M-152.87M-132.38M
Purchase of Investments0-1.75M-10.4M-5.04M-2.96M-30.02M
Sale/Maturity of Investments125K375K678K1000K1000K1000K
Net Investment Activity------
Acquisitions000000
Other Investing-28.87M-128.25M36.31M-25.53M-144.3M-100.31M
Cash from Financing+45.95M123.23M23.35M-10.51M157.01M139.56M
Dividends Paid000000
Share Repurchases-89K-41K0-1.14M-4.74M-461K
Stock Issued0035.58M000
Net Stock Activity------
Debt Issuance (Net)01000K-1000K-736K-125K-126K
Other Financing46.04M22.27M87.73M-8.63M161.88M140.14M
Net Change in Cash+8.78M12.6M38.37M14.81M16.41M-7.81M
Exchange Rate Effect000000
Cash at Beginning26M34.78M47.38M85.75M100.57M116.97M
Cash at End34.78M47.38M85.75M100.57M116.97M109.16M
Interest Paid1.4M1.63M1.41M1.43M9.41M14.56M
Income Taxes Paid3.18M3.33M10.47M9.36M6.63M8.06M
Free Cash Flow+-8.43M18.99M-11.57M53.94M4.81M-19.89M
FCF Growth %-3.25%-1.61%5.66%-0.91%-5.14%

Banking Ratios

Metric201920202021202220232024
Return on Equity (ROE)29.19%28.36%39.16%19.63%11.82%7.75%
Return on Assets (ROA)5.46%4.53%9.05%6.43%3.54%1.91%
Net Interest Margin11.26%8.74%12.62%12.7%9.31%7.9%
Efficiency Ratio44.47%49.51%36.39%43.49%47.54%54.85%
Equity / Assets18.69%14.45%30.36%35.05%26.45%23.29%
Book Value / Share2.73.8512.6710.5212.0113.13
NII Growth-39.13%72.89%6.08%7.2%7.98%

Revenue by Segment

20222023
Strategic Program Fees-15.36M
Strategic Program Fees Growth--
Financial Service, Other-2.59M
Financial Service, Other Growth--
Gain (Loss) on Sales of Loans, Net13.55M1.68M
Gain (Loss) on Sales of Loans, Net Growth--87.57%
Small Business Administration Loan Servicing Fees1.6M1.47M
Small Business Administration Loan Servicing Fees Growth--8.55%
Strategic Program Service Charges834K329K
Strategic Program Service Charges Growth--60.55%
Strategic Program Set Up Fees-223K
Strategic Program Set Up Fees Growth--
Deposit Account-26K
Deposit Account Growth--
Change in Fair Value on Investment-478K-600K
Change in Fair Value on Investment Growth--25.52%
Other Miscellaneous Income239K-
Other Miscellaneous Income Growth--

Frequently Asked Questions

Valuation & Price

FinWise Bancorp (FINW) has a price-to-earnings (P/E) ratio of 18.9x. This is roughly in line with market averages.

Growth & Financials

FinWise Bancorp (FINW) grew revenue by 12.6% over the past year. This is steady growth.

Yes, FinWise Bancorp (FINW) is profitable, generating $15.0M in net income for fiscal year 2024 (13.1% net margin).

Dividend & Returns

FinWise Bancorp (FINW) has a return on equity (ROE) of 7.8%. This is below average, suggesting room for improvement.

Industry Metrics

FinWise Bancorp (FINW) has a net interest margin (NIM) of 7.9%. This indicates healthy earnings from lending activities.

FinWise Bancorp (FINW) has an efficiency ratio of 54.9%. This is excellent, indicating strong cost control.

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