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FinWise Bancorp (FINW)

Company Profile

FinWise Bancorp is a bank holding company located in Murray, Utah. FinWise Bancorp is the sole owner of FinWise Bank.

Company profile

Ticker

FINW

Exchange

Website

www.finwisebancorp.com

Incorporated

Location

Fiscal year end

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

State Commercial Banks

Bank Of New York Mellon • Citizens Financial • Ally Financial • Northern Trust • M & T Bank • Fifth Third Bancorp • Associated Banc-Corp. • SVB Financial • Commerce Bancshares • First Citizens Bancshares, Inc ...

SEC CIK

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

FinWise Investments, LLC ...

IRS number

830356689

FINW stock data

1M 1Y 5Y

Latest filings (excl ownership)

View all

Quarterly report

15 May 23

1 Investor Presentation May 2023

Annual report to shareholders

Definitive proxy

28 Apr 23

Finwise Bancorp Reports First Quarter 2023 Results

Departure of Directors or Certain Officers

Departure of Directors or Certain Officers

Investor Presentation March 2023

Finwise Bancorp Reports Fourth Quarter and Full Year 2022 Results

Transcripts

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Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Latest ownership filings

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Wilenkin Menachem

Javvis O Jacobson

Kent Landvatter

Michael Christopher OBrien

Gerald Edwin Cunningham

Lisa Ann Nievaard

Howard I Reynolds

Financial summary

Financial statements Chart FINW financial data

Quarter (USD)	Mar 23	Dec 22	Sep 22	Jun 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	105.61 mm	105.61 mm	105.61 mm	105.61 mm	105.61 mm	105.61 mm
Cash burn (monthly)	(no burn)	919.75 k	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	2.16 mm	n/a	n/a	n/a	n/a
Cash remaining	n/a	103.45 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	112.5	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2022

FINW institutional ownership history Ownership history

23.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	23	24	-4.2%
Opened positions	3	3	–
Closed positions	4	3	+33.3%
Increased positions	7	7	–
Reduced positions	9	6	+50.0%

13F shares	Current	Prev Q	Change
Total value	19.80 bn	29.63 mm	+66743.4%
Total shares	3.09 mm	3.28 mm	-5.8%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Alliancebernstein	865.50 k	$0.00	+10.3%
Basswood Capital Management, L.L.C.	726.49 k	$6.73 bn	+34.0%
Emerald Mutual Fund Advisers Trust	449.21 k	$4.16 bn	-9.4%
Vanguard	353.97 k	$3.28 bn	+2.9%
Gilder Gagnon Howe & Co	350.45 k	$3.25 bn	-7.2%
GS Goldman Sachs	99.08 k	$917.45 mm	-77.5%
Geode Capital Management	74.13 k	$686.00 k	+0.3%
Bridgeway Capital Management	33.29 k	$308.28 mm	0.0%
ELCO Management	28.60 k	$264.83 mm	-28.5%
Smith, Moore & Co.	25.00 k	$231.50 mm	0.0%

Largest transactions	Shares	Bought/sold	Change
GS Goldman Sachs	99.08 k	-341.75 k	-77.5%
Basswood Capital Management, L.L.C.	726.49 k	+184.37 k	+34.0%
Alliancebernstein	865.50 k	+81.09 k	+10.3%
Emerald Mutual Fund Advisers Trust	449.21 k	-46.46 k	-9.4%
Cornercap Investment Counsel	0.00	-33.31 k	EXIT
Gilder Gagnon Howe & Co	350.45 k	-27.34 k	-7.2%
State of Tennessee, Treasury Department	0.00	-16.17 k	EXIT
STT State Street	13.49 k	+13.49 k	NEW
Citadel Advisors	12.28 k	+12.28 k	NEW
ELCO Management	28.60 k	-11.40 k	-28.5%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

FINW insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
18 Apr 23	Jeana Hutchings	Common Stock, par value $0.001 per share	Grant	Acquire A	No	No	0	4,803	0.00	19,330
18 Apr 23	Thomas Elmer Gibson Jr	Common Stock, par value $0.001 per share	Grant	Acquire A	No	No	0	4,803	0.00	23,630
18 Apr 23	James N Giordano	Common Stock, par value $0.001 per share	Grant	Acquire A	No	No	0	4,803	0.00	386,750
18 Apr 23	Alan Weichselbaum	Common Stock, par value $0.001 per share	Grant	Acquire A	No	No	0	4,803	0.00	49,385
18 Apr 23	Howard I Reynolds	Common Stock, par value $0.001 per share	Grant	Acquire A	No	No	0	4,803	0.00	29,130

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro

FinWise Q1 EPS $0.29 Misses $0.31 Estimate, Sales $16.63M Miss $18.69M Estimate

FinWise (NASDAQ:FINW) reported quarterly earnings of $0.29 per share which missed the analyst consensus estimate of $0.31 by 6.45 percent. This is a 61.84 percent decrease over earnings of $0.76 per share from the same

Earnings Scheduled For April 27, 2023

Companies Reporting Before The Bell • Cazoo Gr (NYSE:CZOO) is expected to report earnings for its first quarter.

FinWise Earnings Preview

8 Financials Stocks Moving In Monday's Pre-Market Session

Press releases

From Benzinga Pro

FinWise Bancorp Reports First Quarter 2023 Results

- Net Income of $3.9 million for First Quarter of 2023- - Diluted Earnings Per Share of $0.29 for First Quarter of 2023- MURRAY, Utah, April 27, 2023 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ:FINW) ("FinWise" or

FinWise Bancorp to Host First Quarter 2023 Webcast and Conference Call on Thursday, April 27, 2023

MURRAY, Utah, April 20, 2023 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ:FINW) ("FinWise" or the "Company"), the parent company of FinWise Bank, announced today that it will report its first quarter 2023 results after

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