FinWise Bancorp (NASDAQ: FINW) is a bank holding company that operates through its subsidiary bank, offering traditional community banking products alongside a Strategic Program lending business that partners with fintech and other third-party loan originators. The company makes money through net interest income on loans held for investment and a set of non-interest income streams including Strategic Program fees, credit enhancement income, and gains on loan sales. As of the 10-K filed March 23, 2026, the loan portfolio included construction and land development, residential real estate, commercial real estate, commercial and industrial, consumer, lease financing receivables, and Strategic Program loans. Strategic Program loans carried a net charge-off rate of 12.8% against average loans of $81.9 million in FY2025, down from a 46.2% rate on $18.6 million average in FY2024. Non-interest income totaled contributions from Strategic Program fees of $22.0 million and credit enhancement income of $23.9 million in FY2025, both material revenue lines.

Revenue model

Net interest income from a held-for-investment loan portfolio spanning commercial real estate, residential real estate, commercial and industrial, consumer, and lease financing segments. Non-interest income from Strategic Program fees ($22.0 million FY2025), credit enhancement income ($23.9 million FY2025), net gains on loan sales ($6.4 million FY2025), SBA loan servicing fees, and fair value changes on investment in Business Funding Group (BFG).

Products and services

Community bank deposit and lending products including construction and land development loans, residential real estate loans, commercial real estate loans (owner-occupied and non-owner-occupied), commercial and industrial loans, consumer loans, and lease financing receivables. Strategic Program loans originated through fintech and third-party partner relationships, held-for-sale or subject to credit enhancement structures. SBA loan origination and servicing. Investment in Business Funding Group (BFG), a small business lending entity.

Customers and end markets

Community banking customers across residential, commercial real estate, and small business segments. Fintech and third-party program partners who originate consumer and other loans under the Strategic Program structure. Small businesses served through SBA lending. Deposit base includes noninterest-bearing demand deposits of $168.4 million (22.3% of total deposits) as of December 31, 2025.

Value-chain role

Bank originator and balance-sheet holder for community loans. Program bank and credit enhancement provider for third-party and fintech loan originators under its Strategic Program structure. SBA loan originator and servicer. Minority investor in Business Funding Group (BFG) at fair value.

Geographic exposure

The filing does not specify geographic revenue breakdowns. The company maintains offices under leases referencing Sandy, Utah locations, suggesting a primary Utah footprint, but no explicit geographic revenue mix is disclosed in the excerpts.

Source: SEC 10-K, filed 2026-03-23

Industry: State Commercial Banks Peers: BankFinancial CORP First Northern Community Bancorp PNC Financial Services Group Inc SB Financial Group Inc