← Finwise Bancorp
| Annual Trend | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| Total interest income | $49.2m |
$52.3m
+6.27%
|
$64.5m
+23.32%
|
$74.4m
+15.21%
|
$92.5m
+24.38%
|
— | |
| Total non-interest income | $31.8m | $37.4m | $21.1m | $22.5m | $58.5m | — | |
| Net interest income | $48.0m |
$50.9m
+6.08%
|
$54.6m
+7.20%
|
$58.9m
+7.98%
|
$72.2m
+22.53%
|
$86.0m
+19.13%
|
|
| Salaries and employee benefits | $21.7m | $24.5m | $25.8m | $35.2m | $42.3m | — | |
| Other operating expenses | $4.4m | $4.9m | $6.5m | $8.6m | $12.8m | — | |
| Total non-interest expense | $29.5m | $38.8m | $40.2m | $52.8m | $70.3m | — | |
| Total interest expense | $1.3m | $1.4m | $10.0m | $15.4m | $20.3m | — | |
| Other interest income | $61k | $1.2m | $5.8m | $4.6m | $3.9m | — | |
| Net interest income after provision for credit losses | $39.9m |
$37.4m
-6.42%
|
$42.9m
+14.84%
|
$47.3m
+10.29%
|
$33.6m
-29.00%
|
$86.0m
+155.86%
|
|
| Gain on sale of loans, net | $9.7m | $13.6m | $1.7m | $2.0m | $6.4m | $7.0m | |
| Income before income taxes | $42.3m | $36.0m | $23.8m | $17.0m | $21.8m | $21.1m | |
| Provision for income taxes | $10.7m | $10.9m | $6.4m | $4.2m | $5.7m | — | |
| Net income | $31.6m |
$25.1m
-20.48%
|
$17.5m
-30.48%
|
$12.7m
-27.02%
|
$16.1m
+26.28%
|
$15.0m
-6.59%
|
|
| Earnings per share, basic (in dollars per share) | $3.44 | $1.96 | $1.38 | $0.98 | $1.20 | $1.17 | |
| Earnings per share, diluted (in dollars per share) | $3.27 | $1.87 | $1.33 | $0.93 | $1.13 | $1.10 | |
| Weighted average shares outstanding, basic (in shares) | 8.7m | 12.7m | 12.5m | 12.6m | 12.8m | — | |
| Weighted average number of shares outstanding, diluted (in shares) | 9.1m | 13.4m | 12.9m | 13.2m | 13.6m | 13.6m | |
| Interest and fees on loans | $49.1m | $50.9m | $58.4m | $68.9m | $87.1m | — | |
| Interest on securities | $47k | $208k | $338k | $897k | $1.5m | — | |
| Interest on deposits | $1.1m | $1.4m | $10.0m | $15.4m | $20.3m | — | |
| Provision for credit losses | — | $13.5m | $11.6m | $11.6m | $38.6m | — | |
| Strategic Program fees | $18.0m | $22.5m | $15.9m | $17.8m | $22.0m | — | |
| SBA loan servicing fees, net | — | — | $1.8m | $1.1m | ($156k) | — | |
| Change in fair value on investment in BFG | $3.0m | ($478k) | ($600k) | ($625k) | $1.3m | — | |
| Credit enhancement income | — | — | $0 | $111k | $23.9m | — | |
| Other miscellaneous income | $49k | $269k | $2.6m | $2.1m | $5.0m | — | |
| Professional services | $1.7m | $5.5m | $5.0m | $4.7m | $3.6m | — | |
| Occupancy and equipment expenses | $882k | $2.2m | $3.3m | $4.2m | $1.9m | $1.8m | |
| Credit enhancement servicing expense | — | — | — | $1k | $1.2m | — | |
| Credit enhancement guarantee expense | — | — | — | $8k | $8.5m | — |