← Finwise Bancorp
| Annual Trend | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| Net income | $31.6m |
$25.1m
-20.48%
|
$17.5m
-30.48%
|
$12.7m
-27.02%
|
$16.1m
+26.28%
|
$15.6m
-2.82%
|
|
| Depreciation and amortization | $1.0m | $2.1m | $3.8m | $5.3m | $4.9m | $4.6m | |
| Net (accretion) amortization in securities (discounts) and premiums | $25k | $28k | $1k | ($25k) | ($18k) | — | |
| Depreciation Amortization Depletion | — | $2.1m | $3.8m | $5.3m | $4.9m | $4.6m | |
| Deferred income taxes | ($1.4m) | $656k | $1.9m | $90k | ($3.2m) | ($1.7m) | |
| Deferred Tax | — | $656k | $1.9m | $90k | ($3.2m) | ($1.7m) | |
| Stock-based compensation expense | $2.1m | $778k | $2.0m | $2.0m | $3.6m | $3.6m | |
| Impairment (recovery) of SBA servicing asset | $800k | $1.7m | ($376k) | ($865k) | $924k | — | |
| Asset Impairment Charge | — | $1.7m | ($376k) | ($865k) | $924k | $924k | |
| Earnings (Loss)es From Equity Investments | — | $478k | $600k | $625k | ($1.3m) | ($700k) | |
| Change In Working Capital | — | ($2.8m) | $182k | ($705k) | ($3.8m) | ($9.8m) | |
| Change In Receivables | — | ($270k) | ($1.8m) | $7k | ($141k) | ($141k) | |
| Changes In Account Receivables | — | ($270k) | ($1.8m) | $7k | ($141k) | ($141k) | |
| Accrued interest receivable | $81k | ($270k) | ($1.8m) | $7k | ($141k) | — | |
| Accrued interest payable | ($147k) | $6k | $565k | $875k | $1.1m | — | |
| Other | — | — | — | ($269k) | ($2.0m) | — | |
| Other assets | ($1.7m) | ($299k) | ($6.4m) | ($1.8m) | ($6.0m) | — | |
| Other liabilities | $5.8m | ($1.8m) | $8.5m | $1.1m | $2.1m | — | |
| Change In Other Current Assets | — | ($299k) | ($6.4m) | ($1.7m) | ($6.0m) | ($16.0m) | |
| Change In Other Current Liabilities | — | ($2.2m) | $7.8m | $72k | $1.2m | $5.3m | |
| Net cash used in operating activities | ($9.2m) |
$61.2m
+762.40%
|
$12.3m
-79.94%
|
($15.0m)
-222.23%
|
($28.4m)
-89.61%
|
$12.9m
+145.36%
|
|
| Purchase of bank premises and equipment, net | ($2.3m) | ($7.2m) | ($7.5m) | ($4.9m) | ($219k) | — | |
| Net Other Investing Changes | — | ($71k) | $210k | ($111k) | ($91k) | ($142k) | |
| Net cash used in investing activities | $24.3m | ($35.8m) | ($152.9m) | ($132.4m) | ($126.9m) | ($105.3m) | |
| Issuance Of Debt | $5.6m | $0 | — | — | — | — | |
| Long Term Debt Issuance | $5.6m | $0 | — | — | — | — | |
| Long Term Debt Payments | — | ($736k) | ($125k) | ($126k) | $0 | $0 | |
| Net Issuance Payments Of Debt | — | ($736k) | ($125k) | ($126k) | $0 | $0 | |
| Net Long Term Debt Issuance | — | ($736k) | ($125k) | ($126k) | $0 | $0 | |
| Repayment Of Debt | — | ($736k) | ($125k) | ($126k) | $0 | $0 | |
| Common stock repurchased | $0 | ($1.1m) | ($4.7m) | ($461k) | $0 | — | |
| Increase in BFG investment in exchange for shares of the Company's common stock | — | — | $0 | $4.1m | $0 | — | |
| Common Stock Issuance | $35.6m | $0 | — | — | — | $0 | |
| Common Stock Payments | — | ($1.1m) | ($4.7m) | ($461k) | $0 | $0 | |
| Issuance Of Capital Stock | $35.6m | $0 | — | — | — | $0 | |
| Net Common Stock Issuance | — | ($1.1m) | ($4.7m) | ($461k) | $0 | $0 | |
| Repurchase Of Capital Stock | — | ($1.1m) | ($4.7m) | ($461k) | $0 | $0 | |
| Dividends Received CFI | $861k | $622k | $0 | — | — | — | |
| Payment of taxes related to net share settlement of equity awards | — | — | — | $0 | ($516k) | — | |
| Net cash provided by financing activities | $23.3m |
($10.5m)
-145.00%
|
$157.0m
+1594.51%
|
$139.6m
-11.12%
|
$209.6m
+50.17%
|
$69.0m
-67.06%
|
|
| Cash, cash equivalents and restricted cash, beginning of the period | $85.8m | $100.6m | $117.0m | $109.2m | $163.4m | — | |
| Beginning Cash Position | — | $85.8m | $100.6m | $117.0m | $109.2m | $120.3m | |
| Net change in cash, cash equivalents and restricted cash | — | — | $16.4m | ($7.8m) | $54.2m | — | |
| Additional Supplementary Disclosures | |||||||
| Additional Supplementary Disclosures | |||||||
| Provision for credit losses | $8.0m | $13.5m | $11.6m | $11.6m | $38.6m | — | |
| Noncash operating lease cost | $0 | $2.3m | $748k | $729k | $601k | $12.9m | |
| Gain on sale of loans, net | ($9.7m) | ($13.6m) | ($1.7m) | ($2.0m) | ($6.4m) | — | |
| Originations of Strategic Program loans held-for-sale | ($6.3b) | ($7.0b) | ($4.1b) | ($4.8b) | ($5.7b) | — | |
| Proceeds from sale of Strategic Program loans held-for-sale | $6.3b | $7.0b | $4.1b | $4.8b | $5.7b | — | |
| Change in fair value of BFG | ($3.0m) | $478k | $600k | $625k | ($1.3m) | — | |
| Noncash change in credit enhancement asset | — | — | — | ($111k) | ($22.3m) | — | |
| Operating lease liabilities | $0 | ($360k) | ($724k) | ($994k) | ($894k) | — | |
| Net increase in loans receivable | $41.6m | ($17.3m) | ($114.9m) | ($65.0m) | ($188.2m) | — | |
| Purchase of lease pools | — | ($8.8m) | ($29.6m) | ($35.8m) | ($44.4m) | — | |
| Proceeds from sales of loans held-for-investment | — | — | — | $529k | $105.9m | — | |
| Proceeds from sales of assets subject to operating leases | — | — | — | $103k | $468k | — | |
| Purchase of investment securities available-for-sale | — | — | $0 | ($30.0m) | $0 | $0 | |
| Purchase of assets subject to operating leases | — | — | — | ($3.8m) | ($5.5m) | — | |
| Proceeds from maturities of securities available-for-sale | — | — | — | $0 | $2.5m | — | |
| Proceeds from maturities and paydowns of securities held-to-maturity | $678k | $2.0m | $1.8m | $2.8m | $2.7m | — | |
| (Purchase) redemption of FHLB stock | — | ($71k) | $210k | ($111k) | ($91k) | — | |
| Net increase in deposits | $87.4m | ($8.9m) | $161.8m | $140.1m | $209.6m | — | |
| Proceeds from exercise of stock options | $311k | $260k | $44k | $25k | $481k | — | |
| Repayment of PPP Liquidity Facility | ($105.5m) | ($736k) | ($125k) | ($126k) | $0 | — | |
| Cash paid for interest | $1.4m | $1.4m | $9.4m | $14.6m | $19.2m | — | |
| Cash Flow From Continuing Financing Activities | — | ($10.5m) | $157.0m | $139.6m | $209.6m | $69.0m | |
| Cash Flow From Continuing Investing Activities | — | ($35.8m) | ($152.9m) | ($132.4m) | ($126.9m) | ($105.3m) | |
| Change In Account Payable | — | $6k | $565k | $875k | $1.1m | $1.1m | |
| Change In Cash Supplemental As Reported | — | $14.8m | $16.4m | ($7.8m) | $54.2m | — | |
| Change In Payable | — | $6k | $565k | $875k | $1.1m | $1.1m | |
| Changes In Cash | — | $14.8m | $16.4m | ($7.8m) | $54.2m | ($23.3m) | |
| End Cash Position | — | $100.6m | $117.0m | $109.2m | $163.4m | $96.9m | |
| Financing Cash Flow | — | ($10.5m) |
$157.0m
+1594.51%
|
$139.6m
-11.12%
|
$209.6m
+50.17%
|
$69.0m
-67.06%
|
|
| Free Cash Flow | — | $53.9m | $4.8m | ($19.9m) | ($34.2m) | $8.7m | |
| Income Tax Paid Supplemental Data | — | $9.4m | $6.6m | $8.1m | $7.1m | $6.7m | |
| Investing Cash Flow | — | ($35.8m) | ($152.9m) | ($132.4m) | ($126.9m) | ($105.3m) | |
| Net Investment Purchase And Sale | — | ($3.1m) | ($1.1m) | ($26.6m) | $111.0m | $111.0m | |
| Net PPE Purchase And Sale | — | ($7.2m) | ($7.5m) | ($4.8m) | ($5.3m) | ($3.9m) | |
| Operating Gains Losses | — | ($13.1m) | ($1.1m) | ($1.4m) | ($7.7m) | ($7.7m) | |
| Other Non Cash Items | — | $33.1m | ($23.3m) | ($43.7m) | ($77.8m) | — | |
| Proceeds From Stock Option Exercised | — | $260k | $44k | $25k | $481k | $461k | |
| Purchase Of Investment | — | ($5.0m) | ($3.0m) | ($30.0m) | $0 | $0 | |
| Purchase Of PPE | — | ($7.2m) | ($7.5m) | ($4.9m) | ($5.8m) | ($4.1m) | |
| Sale Of Investment | — | $2.0m | $1.8m | $3.4m | $111.0m | $111.0m | |
| Sale Of PPE | — | — | — | $103k | $468k | $211k | |
| Stock Based Compensation | — | $778k | $2.0m | $2.0m | $3.6m | $3.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.