FinWise Bancorp
Runs a Utah bank behind national lending, card, and payments programs.
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Profile
Operates one Utah-chartered bank that pairs local deposits and lending with nationwide Strategic Program, BaaS, card, and payments relationships. Revenue depends heavily on partner platforms, while compliance, vendor oversight, and bank-regulatory exams shape how those programs scale.
Combines traditional banking, banking as a service, and treasury & administration through FinWise Bank, a Utah-chartered bank with one full-service location in Sandy. The lending book spans Strategic Programs, SBA 7(a), residential and owner-occupied commercial real estate, equipment financing, deposits, BIN sponsorship, and MoneyRails payments.
Uses partner platforms to originate consumer and small-business loans nationally, while local banking remains tied to Utah and the Salt Lake City area. Execution centers on matching a bank charter, credit review, compliance oversight, and fintech distribution.
Strategic Program agreements are non-exclusive, and providers can work with competing banks. FDIC and Utah regulator exams, true-lender and state-usury rules, vendor-management expectations, and data-security controls shape how the business operates.
Company facts
Categories
Key statistics
Year to date −18.9% · Average volume (30d) 26.8K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 6, 2026 | Stephens | Target | $18 | $16 | |
| Jul 31, 2026 | Raymond James | Reiterate | Outperform | $21 | $16 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $0.24 | $0.15 | −37.5% | $47.1M | $54.3M | +15.4% | −2.77% |
| Apr 30, 2026Q1 FY26 | $0.33 | $0.20 | −39.4% | $50.5M | $42.7M | −15.4% | −3.79% |
| Jan 29, 2026Q4 FY25 | $0.35 | $0.27 | −22.9% | $42.3M | $46.9M | +10.7% | −5.09% |
| Oct 29, 2025Q3 FY25 | $0.30 | $0.34 | +14.6% | $28.2M | $36.4M | +29.1% | +4.71% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $26.3M | $30.1M | $41.8M | $52.5M | $48.2M | $59.6M | |
| Gross profit | $18.8M | $20.3M | $23.6M | $29.1M | $32.1M | $31.7M | |
| Operating income | $4.4M | $5.4M | $6.4M | $5.5M | $3.8M | $2.8M | |
| Net income | $3.2M | $4.1M | $4.9M | $3.9M | $2.7M | $2.1M | |
| Diluted EPS | $0.23 | $0.29 | $0.34 | $0.27 | $0.20 | $0.15 | |
| Gross margin | 71.2% | 67.6% | 56.5% | 55.5% | 66.7% | 53.2% | |
| Operating margin | 16.8% | 18.0% | 15.3% | 10.4% | 7.9% | 4.7% |
Fiscal years (4-quarter sums)FY21 $81.1M · FY22 $89.7M · FY23 $86.2M · FY24 $97.5M · FY25 $150.7M
Balance sheet, Jun 30, 2026Cash & short-term investments $6.1M · Total debt $0 · Total assets $925.3M · Shareholders' equity $199.2M
Dividends
No dividends on record.
Ownership
Shares outstanding 13.71M · Float 9.40M · 68.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Kent Landvatter · director, officer: EXECUTIVE CHAIRMAN | 986.3K | 7.20% | Form 4 | Jul 29, 2026 |
| AllianceBernstein L.P. | 799.9K | 5.84% | 13F | May 15, 2026 |
| Wasatch Advisors LP | 602.1K | 4.39% | 13F | Apr 21, 2026 |
| US Bancorp \DE\ | 469.0K | 3.42% | 13F | May 15, 2026 |
| James Noone · officer: CHIEF EXECUTIVE OFFICER | 466.4K | 3.40% | Form 4 | Jul 29, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Nov 3, 2025 | Robert Keil | other: See Remarks | −1,500 | $19.48 |
| Oct 31, 2025 | Howard I. Reynolds | director | +2,297 | $18.95 |
| Sep 5, 2025 | James N. Giordano | director | +2,500 | $19.32 |
Peers
- The Bancorp
Fintech sponsor bank with payments, deposits, and lending rails
- Pathward Financial
BaaS and payment partner bank across issuing, acquiring, and credit
- Coastal Financial
CCBX BaaS bank for fintech loans, cards, deposits, and partners
- LendingClub
Digital marketplace bank competing in consumer loans and deposits
- Live Oak Bancshares
Technology-focused national bank with leading SBA 7(a) lending
- NewtekOne
SMB financial holding company with SBA lending, banking, and payments
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| FinWise Bancorp | $14.11 | −0.21% | $193.4M | 14.7 | 17.5 | 1.0 | +116.8% |
| The Bancorp | $65.70 | −0.05% | $2.74B | 12.3 | 9.5 | 3.6 | −24.0% |
| Pathward Financial | $81.50 | +0.12% | $1.72B | 10.2 | 8.7 | 2.1 | −3.1% |
| Coastal Financial | $48.48 | +0.23% | $739.3M | — | 10.0 | 0.9 | +54.6% |
| LendingClub | $19.21 | +2.13% | $2.22B | 11.6 | 9.8 | 1.8 | −15.9% |
| Live Oak Bancshares | $40.13 | −0.04% | $1.86B | 14.1 | 11.1 | 1.7 | +10.0% |
| NewtekOne | $11.92 | +0.17% | $344.1M | 5.0 | 5.3 | 1.0 | −15.0% |
| Median | 11.6 | 9.6 | 1.8 | −9.1% |