Finwise Bancorp
investors.finwisebancorp.comWhat Do They Do?
Originates consumer and commercial loans through third-party platforms and provides loan and deposit services directly to consumers, small businesses, and commercial borrowers.
10-K for FY2025, filed Mar 23, 2026
How Do They Make Money?
The Bank earns interest on loans and may receive premiums by selling SBA-guaranteed loan portions. Deposit customers pay transaction, account-maintenance, and overdraft fees when services occur; Strategic Program providers pay setup fees earned over the loan-program term and monthly fees for ongoing services.
10-K for FY2025, filed Mar 23, 2026
-
10-K for FY2025, filed Mar 23, 2026
FY2025 revenue by reportable segment ↗
$92.5M
-
10-K for FY2025, filed Mar 23, 2026
$92.5M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Traditional Banking
|
36% |
Traditional Banking, FY2025
$33.4M Sources
|
|
|
BaaS
Recurring
10-K for FY2025, filed Mar 23, 2026 |
58% |
BaaS, FY2025
$53.7M Sources
|
Recurring |
|
Treasury/Other
|
20% |
Treasury/Other, FY2025
$18.6M Sources
|
Who Are Their Customers?
Consumers and small businesses borrow through the bank’s branch and point-of-sale portal, SBA referral sources, and third-party loan platforms. Deposit customers use the local branch and nationwide program-provider channels.
10-K for FY2025, filed Mar 23, 2026We are FinWise Bancorp, a Utah bank holding company headquartered in Murray, Utah. We operate through our wholly-owned subsidiary, FinWise…View ↗
Our existing SBA 7(a) lending program is supported by referrals from BFG and others. BFG refers SBA loan applicants to the Bank for review…View ↗
Residential and Commercial Real Estate Loans. We operate a single branch location in Sandy, Utah. From this branch, we offer commercial and…View ↗
Strategic Programs. We have established Strategic Programs with various third-party consumer and commercial loan origination platforms that…View ↗
Consumer Loans. Consumer loans consist primarily of loans originated through our Point of Sale (“POS”) program. Since 2011, the Bank has…View ↗
Our banking business is our only business line. Our banking business offers a diverse range of commercial and retail banking products and…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 17 cents of every revenue dollar as net income in FY2025, but spent more cash than it brought in: free cash flow was −$28.6M.
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 12, 2026
Open tableView ↗
-
Jul 20, 2026
Completed an acquisition agreement with Tallied Technologies
Sources
8-K, filed Jul 20, 2026
On July 20, 2026, FinWise Bancorp, a Utah corporation (the “Company”), issued a press release announcing the completion of an acquisition…View ↗
-
Apr 8, 2026
Jim Noone became CEO; Kent Landvatter became executive chairman
Sources
8-K, filed Apr 8, 2026
On April 6, 2026, Kent Landvatter ceased to serve as Chief Executive Officer of FinWise Bancorp (“the Company”) but will retain the role as…View ↗
Growing. Revenue grew 88% in 4 years, from $49.2M in FY2021 to $92.5M in FY2025, about 17% a year.
Equipment financing added to the lending lineup
The latest overview lists equipment financing among its multi-state lending areas, while the older overview named multi-state consumer lending; the latest report separately describes continuing point-of-sale consumer loans.
10-K for FY2022, filed Mar 30, 2023 10-K for FY2025, filed Mar 23, 2026We originate, sell or hold loans in four main lending areas: (i) nationwide Strategic Programs, (ii) a multi-state SBA 7(a) lending…View ↗
Credit protection in Strategic Programs
The latest report describes a credit-enhanced product in which program partners absorb all credit and fraud losses; the older report describes platform reserve accounts to protect the Bank if loan buyers cannot complete purchases.
10-K for FY2022, filed Mar 30, 2023 10-K for FY2025, filed Mar 23, 2026Strategic Programs. We have established Strategic Programs with various third-party consumer and commercial loan origination platforms that…View ↗
Strategic Programs. We have established Strategic Programs with various third-party consumer and commercial loan origination platforms that…View ↗
Loading...
