FinWise Bancorp (FINW)

FinWise Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	70.01	68.89	58.45	50.94	49.14	29.27
Interest Income on Investments	5.23	5.46	6.09	1.39	0.11	0.24
Total Interest Income	75.24	74.35	64.53	52.33	49.24	29.51
Interest Paid on Deposits	16.06	15.44	9.97	1.43	1.14	1.58
Interest Paid on Borrowings	-	-	0	0	0.13	0.17
Total Interest Expense	16.06	15.44	9.98	1.43	1.27	1.76
Net Interest Income	59.19	58.91	54.56	50.9	47.98	27.75
Net Interest Income Growth (YoY)	4.83%	7.98%	7.20%	6.08%	72.89%	39.13%
Gain (Loss) on Sale of Investments	-0.1	-0.63	-0.6	-0.48	2.99	0.81
Other Non-Interest Income	22.26	21.07	20.37	24.34	19.16	10.67
Total Non-Interest Income	24.63	22.48	21.46	37.41	31.84	14.32
Non-Interest Income Growth (YoY)	9.00%	4.76%	-42.65%	17.48%	122.33%	3.32%
Revenues Before Loan Losses	83.81	81.39	76.02	88.31	79.82	42.07
Provision for Loan Losses	11.76	11.57	11.64	13.52	8.04	5.23
Revenue	72.06	69.82	64.38	74.79	71.78	36.84
Revenue Growth (YoY)	7.66%	8.45%	-13.92%	4.18%	94.86%	29.16%
Salaries and Employee Benefits	34.97	33.16	23.71	23.71	20.14	15.14
Occupancy Expenses	3.28	3.28	2.4	1.11	0.38	0.29
Selling, General & Administrative	7.53	7.74	7.92	7.33	3.77	2.1
Other Non-Interest Expense	9.36	8.65	6.54	4.88	3.92	4.07
Total Non-Interest Expense	55.14	52.83	40.56	37.03	28.71	21.7
EBT Excluding Unusual Items	16.92	16.99	23.81	37.76	43.07	15.14
Asset Writedown	-	-	-	-1.73	-0.8	-
Pretax Income	16.92	16.99	23.81	36.03	42.27	15.14
Income Tax Expense	4.3	4.25	6.35	10.92	10.69	3.94
Net Income	12.62	12.74	17.46	25.12	31.58	11.2
Preferred Dividends & Other Adjustments	-0.32	-0.39	-0.29	0.19	1.78	0.84
Net Income to Common	12.94	13.13	17.75	24.92	29.8	10.36
Net Income Growth	-25.41%	-27.02%	-30.48%	-20.48%	182.04%	15.93%
Basic Shares Outstanding	13	13	12	13	9	8
Diluted Shares Outstanding	13	13	13	13	9	8
Shares Change (YoY)	3.59%	2.47%	-3.35%	46.65%	12.87%	14.41%
EPS (Basic)	1.02	1.04	1.42	1.96	3.44	1.29
EPS (Diluted)	0.91	0.93	1.33	1.87	3.27	1.28
EPS Growth	-29.43%	-30.08%	-28.88%	-42.81%	155.47%	-6.51%
Effective Tax Rate	25.42%	25.00%	26.68%	30.30%	25.29%	26.04%

Updated Mar 26, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q