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Finwise Bancorp FINW · USD

Financials · US listing · 🇺🇸 United States

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14.42

+5.41%

Close of 9 Nov 2026, in USD

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About Finwise Bancorp

From its filings with the US Securities and Exchange Commission

SEC filings

Finwise Bancorp is based in Murray, Utah and is incorporated in Utah. Its shares trade on Nasdaq under the ticker FINW. The SEC classifies its business as state commercial banks. In the fiscal year to 31 December 2025, it reported net income of $16.1m. At that date it held total assets of $977.1m and shareholders' equity of $193.2m.

In its own words

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 technology-focused bank, we have utilized technology-oriented loan origination platforms in our Strategic Programs, SBA lending, Residential & Owner Occupied Commercial Real Estate, and Equipment Financing business lines. We have also deployed our own in-house technology to deliver loan and deposit solutions to our customers directly and through third parties.

Quoted from its 10-K, filed 23 Mar 2026. Read the filing on SEC.gov ↗

Company facts

Sector
Financials
Industry
Banks
Listed since
12 Aug 2021
Employees
198
Head office
756 EAST WINCHESTER STREET #100, MURRAY, UT, 84107
Incorporated in
UT
Classification
State Commercial Banks
Filer status
<br>Emerging growth company

Leadership

Pay as last reported

  • Mr. Kent LandvatterChairman of the Board, Chief Executive Officer, since 2010$1.9m
  • Mr. James NoonePresident$1.6m
  • Mr. Howard ReynoldsIndependent Vice Chairman of the Board, Lead Independent Director, since 2003$134,055
  • Mr. Robert WahlmanChief Financial Officer, Executive Vice President$1.2m
  • Mr. Richard ThiessensExecutive Vice President, Chief Technology Officer
  • Mr. Michael ObrienChief Compliance and Risk Officer, Corporate Counsel, Corporate Secretary and Executive Vice President of the Company and the Bank
  • Mr. Robert KeilChief FinTech Officer and Executive Vice President of the Bank
  • Ms. Natasha ClaytonChief Operating Officer and Executive Vice President of FinWise Bank
  • Mr. Alan WeichselbaumDirector, since 2022$107,655
  • Mr. Gerald CunninghamIndependent Director$110,355
  • Ms. Susan EhrlichIndependent Director$44,533
  • Mr. James GiordanoIndependent Director$117,105

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
0
Environment
0
Social
0
Governance
0

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Strong Market Presence: Finwise Bancorp has a well-established reputation and market presence within the financial industry, enabling it to attract a large customer base.
  • Diversified Offerings: The company offers a wide range of financial products and services, including banking, investments, and insurance, catering to diverse customer needs.
  • Strong Financial Performance: Finwise Bancorp has consistently demonstrated strong financial performance, with stable revenue growth and healthy profitability ratios.

Weaknesses

  • Limited Geographic Presence: The company's operations are primarily concentrated in specific regions, limiting its ability to tap into potential market opportunities in other areas.
  • Reliance on Traditional Banking: Finwise Bancorp heavily relies on traditional banking models, which may hinder its ability to adapt to changing customer preferences and technological advancements.
  • Lack of Innovation: Compared to some competitors, the company has been slower in adopting innovative technologies and digital solutions, potentially impacting its competitiveness.

Opportunities

  • Expansion into New Markets: Finwise Bancorp can explore opportunities to expand its operations into untapped markets, both domestically and internationally, to diversify its revenue streams.
  • Embracing Digital Transformation: By investing in digital solutions and modernizing its services, the company can enhance customer experience, improve operational efficiency, and gain a competitive edge.
  • Collaborations and Partnerships: Forming strategic alliances with fintech startups or partnering with other financial institutions can provide new avenues for growth and innovation.

Threats

  • Increasing Competition: The financial industry is highly competitive, with new players entering the market regularly. Finwise Bancorp faces the risk of losing customers to more innovative and agile competitors.
  • Economic Instability: Economic downturns or market volatility can negatively affect the company's profitability and growth prospects, as customers may reduce their spending and investments.
  • Regulatory and Compliance Challenges: Stringent regulations and evolving compliance requirements impose additional costs and operational complexities on Finwise Bancorp, potentially impacting its profitability and reputation.

Sources and methodology

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