FinWise Bancorp Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Interest Income on Loans	66.7	58.45	50.94	49.14	29.27	20.73
Interest Income on Investments	6.34	6.09	1.39	0.11	0.24	0.68
Total Interest Income	73.04	64.53	52.33	49.24	29.51	21.41
Interest Paid on Deposits	15.29	9.97	1.43	1.14	1.58	1.46
Interest Paid on Borrowings	0	0	0	0.13	0.17	-
Total Interest Expense	15.29	9.98	1.43	1.27	1.76	1.46
Net Interest Income	57.75	54.56	50.9	47.98	27.75	19.95
Net Interest Income Growth (YoY)	9.30%	7.20%	6.08%	72.89%	39.13%	-
Gain (Loss) on Sale of Investments	-0.23	-0.6	-0.48	2.99	0.81	0.12
Other Non-Interest Income	21.01	20	24.34	19.16	10.67	9.57
Total Non-Interest Income	22.39	21.08	37.41	31.84	14.32	13.86
Non-Interest Income Growth (YoY)	-9.78%	-43.65%	17.48%	122.33%	3.32%	-
Revenues Before Loan Losses	80.14	75.64	88.31	79.82	42.07	33.81
Provision for Loan Losses	10.91	11.64	13.52	8.04	5.23	5.29
Revenue	69.24	64	74.79	71.78	36.84	28.52
Revenue Growth (YoY)	4.86%	-14.42%	4.18%	94.86%	29.16%	-
Salaries and Employee Benefits	34.21	25.75	24.49	20.14	15.14	10.19
Occupancy Expenses	3.36	2.4	1.11	0.38	0.29	0.23
Selling, General & Administrative	5.34	5.87	6.55	3.77	2.1	2
Other Non-Interest Expense	7.87	6.54	4.88	3.92	4.07	3.16
Total Non-Interest Expense	50.78	40.56	37.03	28.71	21.7	15.69
EBT Excluding Unusual Items	18.46	23.44	37.76	43.07	15.14	12.84
Asset Writedown	0.65	0.38	-1.73	-0.8	-	-
Pretax Income	19.11	23.81	36.03	42.27	15.14	12.84
Income Tax Expense	5	6.35	10.92	10.69	3.94	3.18
Net Income	14.11	17.46	25.12	31.58	11.2	9.66
Preferred Dividends & Other Adjustments	0.2	0.29	0.19	1.78	0.84	0.02
Net Income to Common	13.9	17.17	24.92	29.8	10.36	9.64
Net Income Growth	-28.93%	-30.48%	-20.48%	182.04%	15.93%	-
Basic Shares Outstanding	13	12	13	9	8	7
Diluted Shares Outstanding	13	13	13	9	8	7
Shares Change (YoY)	-0.48%	-3.35%	46.65%	12.87%	14.41%	-
EPS (Basic)	1.11	1.38	1.96	3.44	1.29	1.37
EPS (Diluted)	1.06	1.33	1.87	3.27	1.28	1.37
EPS Growth	-30.02%	-28.88%	-42.81%	155.47%	-6.51%	-
Effective Tax Rate	26.19%	26.68%	30.30%	25.29%	26.04%	24.75%

Source: S&P Capital IQ. Banks template. Financial Sources.