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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	71.62	68.89	58.45	50.94	49.14	29.27
Interest Income on Investments	4.95	5.46	6.09	1.39	0.11	0.24
Total Interest Income	76.56	74.35	64.53	52.33	49.24	29.51
Interest Paid on Deposits	17.26	15.44	9.97	1.43	1.14	1.58
Interest Paid on Borrowings	-	-	0	0	0.13	0.17
Total Interest Expense	17.26	15.44	9.98	1.43	1.27	1.76
Net Interest Income	59.3	58.91	54.56	50.9	47.98	27.75
Net Interest Income Growth (YoY)	3.31%	7.98%	7.20%	6.08%	72.89%	39.13%
Gain (Loss) on Sale of Investments	0.4	-0.63	-0.6	-0.48	2.99	0.81
Other Non-Interest Income	26.13	21.07	20.37	24.34	19.16	10.67
Total Non-Interest Income	30.12	22.48	21.46	37.41	31.84	14.32
Non-Interest Income Growth (YoY)	36.05%	4.76%	-42.65%	17.48%	122.33%	3.32%
Revenues Before Loan Losses	89.42	81.39	76.02	88.31	79.82	42.07
Provision for Loan Losses	14.1	11.57	11.64	13.52	8.04	5.23
Revenue	75.33	69.82	64.38	74.79	71.78	36.84
Revenue Growth (YoY)	11.23%	8.45%	-13.92%	4.18%	94.86%	29.16%
Salaries and Employee Benefits	37.27	33.16	23.71	23.71	20.14	15.14
Occupancy Expenses	2.84	3.28	2.4	1.11	0.38	0.29
Selling, General & Administrative	6.54	7.74	7.92	7.33	3.77	2.1
Other Non-Interest Expense	10.18	8.65	6.54	4.88	3.92	4.07
Total Non-Interest Expense	56.83	52.83	40.56	37.03	28.71	21.7
EBT Excluding Unusual Items	18.49	16.99	23.81	37.76	43.07	15.14
Asset Writedown	-0.33	-	-	-1.73	-0.8	-
Pretax Income	18.17	16.99	23.81	36.03	42.27	15.14
Income Tax Expense	4.63	4.25	6.35	10.92	10.69	3.94
Net Income	13.53	12.74	17.46	25.12	31.58	11.2
Preferred Dividends & Other Adjustments	-0.39	-0.39	-0.29	0.19	1.78	0.84
Net Income to Common	13.93	13.13	17.75	24.92	29.8	10.36
Net Income Growth	-12.44%	-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)	4.11%	2.47%	-3.35%	46.65%	12.87%	14.41%
EPS (Basic)	1.10	1.04	1.42	1.96	3.44	1.29
EPS (Diluted)	0.96	0.93	1.33	1.87	3.27	1.28
EPS Growth	-18.48%	-30.08%	-28.88%	-42.81%	155.47%	-6.51%
Effective Tax Rate	25.50%	25.00%	26.68%	30.30%	25.29%	26.04%

Updated May 13, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q