Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Independent Director Susan Ehrlich was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 29
FinWise Bancorp, Annual General Meeting, Jun 25, 2026 FinWise Bancorp, Annual General Meeting, Jun 25, 2026. Location: jordan commons megaplex theatres, capra room, 9335 south state street, ut 84070, sandy United States Announcement • Apr 08
Finwise Bancorp Announces Chief Executive Officer Changes, Effective April 6, 2026 FinWise Bancorp announced the appointment of Jim Noone as Chief Executive Officer of the Company, effective April 6, 2026. Kent Landvatter, who has served as Chief Executive Officer since 2010, will retain the role of Executive Chairman of the Company and FinWise Bank. Effective April 6, 2026, Jim Noone was appointed to the position of Chief Executive Officer of the Company. Mr. Noone was appointed President of FinWise Bank in 2023, to President of the Company in 2024, to Chief Executive Officer of the Bank in 2025, and now to Chief Executive Officer of the Company. He will continue as President and Chief Executive Officer of the Bank. Mr. Noone, 47, joined the Bank in February 2018 and was named Executive Vice President and Chief Credit Officer in June 2018 becoming Chief Strategy Officer in November 2022 and President of the Bank in March 2023. He was named as Chief Executive Officer of the Bank in March 2025. Mr. Noone has over 20 years of financial services experience including commercial and investment banking as well as private equity. Prior to joining the Bank, Mr. Noone served as Executive Vice President of Prudent Lenders, an SBA service provider from 2012 to 2018. Announcement • Apr 02
FinWise Bancorp to Report Q1, 2026 Results on Apr 30, 2026 FinWise Bancorp announced that they will report Q1, 2026 results After-Market on Apr 30, 2026 Announcement • Jan 30
FinWise Bancorp Reports Net Charge Offs for the Fourth Quarter Ended December 31, 2025 FinWise Bancorp reported net charge offs for the fourth quarter ended December 31, 2025. For the period, the company reported net charge offs of $6.7 million against $3.2 million reported a year ago. Announcement • Jan 06
FinWise Bancorp to Report Q4, 2025 Results on Jan 29, 2026 FinWise Bancorp announced that they will report Q4, 2025 results After-Market on Jan 29, 2026 Announcement • Oct 30
FinWise Bancorp Reports Net Charge Offs for the Third Quarter Ended September 30, 2025 FinWise Bancorp reported net charge offs for the third quarter ended September 30, 2025. For the period, the company reported net charge offs of $3,127,000 against $2,409,000 reported a year ago. Announcement • Oct 01
FinWise Bancorp to Report Q3, 2025 Results on Oct 29, 2025 FinWise Bancorp announced that they will report Q3, 2025 results After-Market on Oct 29, 2025 Announcement • Jul 02
FinWise Bancorp to Report Q2, 2025 Results on Jul 24, 2025 FinWise Bancorp announced that they will report Q2, 2025 results After-Market on Jul 24, 2025 Announcement • Apr 04
FinWise Bancorp to Report Q1, 2025 Results on Apr 30, 2025 FinWise Bancorp announced that they will report Q1, 2025 results After-Market on Apr 30, 2025 Announcement • Jan 03
FinWise Bancorp to Report Q4, 2024 Results on Jan 30, 2025 FinWise Bancorp announced that they will report Q4, 2024 results After-Market on Jan 30, 2025 Announcement • Oct 25
FinWise Bancorp Reports Net Charge-Offs for the Third Quarter Ended September 30, 2024 FinWise Bancorp reported net charge-offs for the third quarter ended September 30, 2024. For the month, the company reported net charge-offs were $2.409 million against $2.245 million a year ago. Announcement • Oct 01
FinWise Bancorp to Report Q3, 2024 Results on Oct 24, 2024 FinWise Bancorp announced that they will report Q3, 2024 results After-Market on Oct 24, 2024 Announcement • Jul 26
FinWise Bancorp Reports Net Charge Offs for the Second Quarter Ended June 30, 2024 FinWise Bancorp reported net charge offs for the second quarter ended June 30, 2024. For the quarter, the company reported net charge offs of $1,898,000 compared to $2,388,000 a year ago. Announcement • Jul 22
FinWise Bancorp Appoints Susan Ehrlich to the Board FinWise Bancorp announced the expansion of its board of directors by appointing Susan Ehrlich to the company’s board, effective immediately. Ms. Ehrlich brings over 25 years of experience and successful achievements in lending, banking and payments across fintech, financial services and retail. She has a proven record of scaling growth and improving profitability through product innovation and digital business transformation. She currently serves as Partner of Core Innovation Capital. Ms. Ehrlich has also served on the Board of Directors for the Boeing Employees Credit Union (BECU), and Petal Card. She has also served as the Board Chair of the Financial Health Network (formerly CFSI) and was a member of the Consumer Advisory Council of the Federal Reserve in Washington. Ms. Ehrlich holds a B. A. with honors from Brown University and an M.B.A. from the Harvard Business School. Announcement • Jul 02
FinWise Bancorp to Report Q2, 2024 Results on Jul 25, 2024 FinWise Bancorp announced that they will report Q2, 2024 results After-Market on Jul 25, 2024 Major Estimate Revision • May 06
Consensus EPS estimates fall by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$82.3m to US$79.5m. EPS estimate also fell from US$0.99 per share to US$0.805 per share. Net income forecast to shrink 36% next year vs 1.7% growth forecast for Banks industry in the US . Consensus price target of US$13.50 unchanged from last update. Share price was steady at US$10.74 over the past week. Announcement • May 01
FinWise Bancorp, Annual General Meeting, Jun 27, 2024 FinWise Bancorp, Annual General Meeting, Jun 27, 2024, at 10:00 Mountain Daylight. Location: Jordan Commons Megaplex Theatres, Capra Room, 9335 South State Street, Sandy, UT 84070 Sandy United States Agenda: To elect three directors to serve for a three-year term ending at the 2027 annual meeting of shareholders or until their successor is duly elected and qualified; to consider and approve the amendment to the FinWise Bancorp 2019 Stock Option Plan (the “2019 Plan”) to increase the number of shares of common stock available for issuance under such plan.; to consider and ratify the appointment of Moss Adams LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. Reported Earnings • Apr 30
First quarter 2024 earnings: EPS exceeds analyst expectations First quarter 2024 results: EPS: US$0.27 (down from US$0.30 in 1Q 2023). Revenue: US$16.3m (up 17% from 1Q 2023). Net income: US$3.32m (down 13% from 1Q 2023). Profit margin: 20% (down from 27% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.7%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Banks industry in the US. Announcement • Apr 30
FinWise Bancorp Reports Net Charge-Offs for the First Quarter Ended March 31, 2024 FinWise Bancorp reported net charge-offs for the first quarter ended March 31, 2024. For the quarter, the company reported net charge-offs were $3,401,000 as compared to $2,876,000 a year ago. Announcement • Apr 05
FinWise Bancorp to Report Q1, 2024 Results on Apr 29, 2024 FinWise Bancorp announced that they will report Q1, 2024 results After-Market on Apr 29, 2024 Announcement • Mar 28
FinWise Bancorp Announces Chief Financial Officer Changes FinWise Bancorp announced the appointment of Robert Wahlman as chief financial officer, effective immediately. Mr. Wahlman will succeed Javvis Jacobson, who will remain with the Bank as Treasurer. Mr. Wahlman joins FinWise with over 35 years of total experience in the banking industry, including nearly 20 years as Chief Financial Officer of both private and publicly listed bank holding companies. Most recently, Mr. Wahlman served as the Chief Financial Officer of Axiom Bank and Axiom Bancshares Inc., where he played a key role in restoring the bank to profitable operations. During his extensive banking career, Mr. Wahlman has helped lead growing organizations with public company reporting responsibilities, demonstrating a strength in building finance teams supportive of achieving the company’s vision while controlling its financial risks. Mr. Wahlman has also served on three bank boards of directors throughout his career. Price Target Changed • Mar 28
Price target decreased by 9.7% to US$14.00 Down from US$15.50, the current price target is an average from 2 analysts. New target price is 39% above last closing price of US$10.05. Stock is up 13% over the past year. The company is forecast to post earnings per share of US$0.98 for next year compared to US$1.38 last year. Announcement • Mar 28
FinWise Bancorp Appoints Jim Noone to President FinWise Bancorp announced the appointment of Jim Noone to president, effective immediately. Mr. Noone, currently President of FinWise Bank, has been appointed by the Board of Directors to the position of President of FinWise Bancorp. He joined the Bank in February 2018 and was named Executive Vice President and Chief Credit Officer in June of 2018. Mr. Noone has over 20 years of financial services experience including commercial banking, investment banking, and private equity. Reported Earnings • Mar 27
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: US$1.38 (down from US$1.96 in FY 2022). Revenue: US$64.0m (down 14% from FY 2022). Net income: US$17.2m (down 31% from FY 2022). Profit margin: 27% (down from 33% in FY 2022). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 11.65% (down from 14.04% in FY 2022). Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 2.7%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Banks industry in the US. Announcement • Feb 06
FinWise Bancorp Announces Two Senior Leadership Promotions FinWise Bancorp announced the promotions of Chief Fintech Officer Robert Keil and Chief Technology Officer Richard Thiessens to the added title of Executive Vice President. Mr. Keil joined FinWise in 2023 as Senior Vice President and Chief Fintech Officer, leading existing customers, business line strategy, and growth initiatives within the bank’s Strategic Programs line of business. Mr. Keil holds over 25 years of experience in Payments and the Banking as a Service (BaaS) industry. Prior to joining the Bank, Mr. Keil was SVP and Chief Payments Officer at Sutton Bank. Prior to that, he served as Vice President of Fintech and Emerging Payments at Fiserv as well as various roles with US Bank and Wells Fargo. Mr. Thiessens joined FinWise in 2019 and has served as Senior Vice President and Chief Technology Officer since 2021 and has been responsible for creating and utilizing various forms of technology to deliver on the Bank’s strategic plans. He oversees the Company’s Information Systems, Cyber Security, Data Services and Project Management. Mr. Thiessens’ career spans more than two decades in Information Technology. Prior to joining FinWise, he co-founded Array Technology, an IT services and security consulting company that was rebranded to become Braintrace and ultimately acquired by Sophos. He also led the infrastructure, data and cyber security teams at EnerBank USA through rapid growth and significant change. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to US$12.16, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Banks industry in the US. Total returns to shareholders of 34% over the past year. Major Estimate Revision • Feb 05
Consensus EPS estimates fall by 29% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from US$1.27 to US$0.90 per share. Revenue forecast steady at US$82.4m. Net income forecast to shrink 34% next year vs 3.7% decline forecast for Banks industry in the US. Consensus price target up from US$15.50 to US$16.50. Share price fell 13% to US$12.91 over the past week. Reported Earnings • Jan 31
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: US$1.40 (down from US$1.96 in FY 2022). Revenue: US$64.0m (down 14% from FY 2022). Net income: US$17.5m (down 30% from FY 2022). Profit margin: 27% (down from 33% in FY 2022). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 11.65% (down from 14.04% in FY 2022). Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 2.7%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Banks industry in the US. Announcement • Jan 12
FinWise Bancorp to Report Q4, 2023 Results on Jan 29, 2024 FinWise Bancorp announced that they will report Q4, 2023 results After-Market on Jan 29, 2024 Price Target Changed • Dec 15
Price target increased by 19% to US$12.50 Up from US$10.50, the current price target is an average from 2 analysts. New target price is 7.7% below last closing price of US$13.55. Stock is up 41% over the past year. The company is forecast to post earnings per share of US$1.30 for next year compared to US$1.96 last year. Reported Earnings • Nov 17
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: US$0.38 (up from US$0.28 in 3Q 2022). Revenue: US$16.6m (up 6.3% from 3Q 2022). Net income: US$4.72m (up 30% from 3Q 2022). Profit margin: 28% (up from 23% in 3Q 2022). Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 54%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Banks industry in the US. Board Change • Nov 15
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Director Alan Weichselbaum was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 13
FinWise Bancorp to Report Q3, 2023 Results on Oct 26, 2023 FinWise Bancorp announced that they will report Q3, 2023 results After-Market on Oct 26, 2023 Announcement • Aug 17
FinWise Bancorp announced delayed 10-Q filing On 08/15/2023, FinWise Bancorp announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Major Estimate Revision • Aug 03
Consensus revenue estimates increase by 10% The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from US$65.1m to US$71.7m. EPS estimate increased from US$0.76 to US$1.19 per share. Net income forecast to shrink 16% next year vs 11% decline forecast for Banks industry in the US. Consensus price target up from US$10.00 to US$10.50. Share price rose 14% to US$10.18 over the past week. Announcement • Jul 29
FinWise Bancorp (NasdaqGM:FINW) agreed to acquire 10 percent stake in Business Funding Group, LLC. FinWise Bancorp (NasdaqGM:FINW) agreed to acquire 10 percent stake in Business Funding Group, LLC on July 27, 2023. The transaction is subject to regulatory approval and other customary closing conditions. Consideration includes issuance of 372,132 shares of the Company’s common stock in exchange for an additional 10% equity interest in BFG upon closing. Reported Earnings • Jul 28
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: EPS: US$0.37 (down from US$0.43 in 2Q 2022). Revenue: US$16.3m (down 11% from 2Q 2022). Net income: US$4.64m (down 15% from 2Q 2022). Profit margin: 28% (down from 30% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 21%. Earnings per share (EPS) also surpassed analyst estimates by 100%. Revenue is forecast to grow 7.5% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Banks industry in the US. Announcement • Jul 14
FinWise Bancorp to Report Q2, 2023 Results on Jul 27, 2023 FinWise Bancorp announced that they will report Q2, 2023 results After-Market on Jul 27, 2023 Price Target Changed • May 10
Price target decreased by 13% to US$10.00 Down from US$11.50, the current price target is an average from 2 analysts. New target price is 24% above last closing price of US$8.06. Stock is down 41% over the past year. The company is forecast to post earnings per share of US$0.76 for next year compared to US$1.96 last year. Major Estimate Revision • May 04
Consensus revenue estimates decrease by 18% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from US$76.1m to US$62.6m. EPS estimate unchanged from US$0.95 per share at last update. Banks industry in the US expected to see average net income decline 5.7% next year. Consensus price target of US$10.75 unchanged from last update. Share price fell 9.1% to US$8.00 over the past week. Reported Earnings • Apr 02
Full year 2022 earnings: EPS in line with analyst expectations despite revenue beat Full year 2022 results: EPS: US$1.96 (down from US$3.44 in FY 2021). Revenue: US$74.8m (up 4.2% from FY 2021). Net income: US$24.9m (down 16% from FY 2021). Profit margin: 33% (down from 42% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Banks industry in the US. Price Target Changed • Mar 30
Price target decreased by 10% to US$10.75 Down from US$12.00, the current price target is an average from 2 analysts. New target price is 21% above last closing price of US$8.90. Stock is down 48% over the past year. The company is forecast to post earnings per share of US$1.22 for next year compared to US$1.97 last year. Major Estimate Revision • Feb 01
Consensus EPS estimates fall by 24% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$79.3m to US$78.3m. EPS estimate also fell from US$1.81 per share to US$1.37 per share. Net income forecast to shrink 30% next year vs 9.9% growth forecast for Banks industry in the US . Consensus price target down from US$12.00 to US$11.50. Share price fell 3.4% to US$8.69 over the past week. Announcement • Jan 28
FinWise Bancorp Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2022 FinWise Bancorp reported net charge-offs for the fourth quarter ended December 31, 2022. For the fourth quarter of 2022, the company’s net charge-offs were $3.2 million, compared to $3.1 million for the third quarter of 2022 and $2.3 million for the fourth quarter of 2021. Reported Earnings • Jan 26
Full year 2022 earnings: EPS in line with analyst expectations despite revenue beat Full year 2022 results: EPS: US$1.97 (down from US$3.44 in FY 2021). Revenue: US$74.8m (up 4.2% from FY 2021). Net income: US$25.1m (down 16% from FY 2021). Profit margin: 34% (down from 42% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Banks industry in the US. Announcement • Jan 14
FinWise Bancorp to Report Q4, 2022 Results on Jan 25, 2023 FinWise Bancorp announced that they will report Q4, 2022 results After-Market on Jan 25, 2023 Reported Earnings • Oct 27
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: EPS: US$0.29 (down from US$1.02 in 3Q 2021). Revenue: US$15.6m (down 16% from 3Q 2021). Net income: US$3.65m (down 57% from 3Q 2021). Profit margin: 23% (down from 45% in 3Q 2021). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) missed analyst estimates by 25%. Revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Banks industry in the US. Announcement • Oct 14
FinWise Bancorp Announces Board Changes FinWise Bancorp announced the retirement of Chairman of the Board of Directors, Russell Fred Healey, Jr. effective as of October 6, 2022. Mr. Healey steps down after nearly two decades of service to the bank, and 12 years as Chairman. Kent Landvatter, CEO and President, has been named as Chairman of both FinWise Bancorp and FinWise Bank. Mr. Healey was appointed to the FinWise board of directors in April 2003 and has served as the Chairman of the board of directors since October 2010. Mr. Healey served from April 1993 to September 2010 as the Chief Financial Officer and Chief Operating Officer of Feature Films for Families and is the sole owner and operator of The Healey Company which manages over $100 million in real estate assets. Healey also served as the director of real estate and development of the Challenger School Foundation. During that time, he supervised the construction of over $60 million in buildings and remodeling projects. Mr. Healey received his Master of Finance summa cum laude from the University of Utah in 1980. On October 6, 2022, Mr. Healey, who served as Chairman of the Board, resigned from the Board, including the Audit, Compensation and Nominating & Corporate Governance Committees of the Board, for health reasons. On October 6, 2022, the Board elected Mr. Alan Weichselbaum as a Class I director to fill the vacancy created as a result of Mr. Healey’s resignation. Mr. Weichselbaum previously served as a member of the Board from May 19, 2015 through May 7, 2021. Following Mr. Weichselbaum’s resignation from the Board on May 7, 2021, the Company and Mr. Weichselbaum entered into a secured promissory note, dated as of August 6, 2021 (the “2021 Note”), pursuant to which Mr. Weichselbaum borrowed $143,410 in principal amount from the Company to pay an aggregate exercise price of the same amount for his exercise of stock options to purchase an aggregate of 30,000 shares of the Company’s common stock on August 6, 2021. On October 6, 2022, the Board appointed Mr. Kent Landvatter, the Company’s President and Chief Executive Officer, as Chairman of the Board and Mr. Howard I. Reynolds, the Vice Chairman of the Board, as Lead Independent Director, in each case in addition to their respective current positions with the Company. Announcement • Sep 30
FinWise Bancorp to Report Q3, 2022 Results on Oct 26, 2022 FinWise Bancorp announced that they will report Q3, 2022 results After-Market on Oct 26, 2022 Major Estimate Revision • Aug 03
Consensus revenue estimates fall by 11% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from US$102.4m to US$90.9m. EPS estimate fell from US$2.75 to US$2.10 per share. Net income forecast to shrink 8.9% next year vs 9.5% growth forecast for Banks industry in the US . Consensus price target down from US$15.00 to US$14.00. Share price rose 5.8% to US$9.93 over the past week. Recent Insider Transactions • Aug 02
EVP, Chief Compliance & Risk Officer recently bought US$51k worth of stock On the 29th of July, Michael O'Brien bought around 5k shares on-market at roughly US$10.12 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$162k more in shares than they have sold in the last 12 months. Reported Earnings • Jul 28
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: EPS: US$0.43. Revenue: US$18.3m (up 32% from 2Q 2021). Net income: US$5.48m (up 11% from 2Q 2021). Profit margin: 30% (down from 36% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.6%. Earnings per share (EPS) also missed analyst estimates by 28%. Over the next year, revenue is forecast to grow 48%, compared to a 15% growth forecast for the industry in the US. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment deteriorated over the past week After last week's 15% share price decline to US$9.33, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 10x in the Banks industry in the US. Announcement • Jun 29
FinWise Bancorp to Report Q2, 2022 Results on Jul 27, 2022 FinWise Bancorp announced that they will report Q2, 2022 results After-Market on Jul 27, 2022 Announcement • Jun 26
FinWise Bancorp(NasdaqGM:FINW) dropped from Russell Microcap Value Index FinWise Bancorp(NasdaqGM:FINW) dropped from Russell Microcap Value Index Announcement • Jun 23
FinWise Bancorp Announces Management Changes FinWise Bancorp announced the appointment of Simon Darchis as Vice President, Director of Specialty Lending. Mr. Darchis will replace David Tilis effective immediately. Mr. Tilis has decided to leave the Company, but has agreed to stay on as a consultant for a period of one year to facilitate a seamless transition. Mr. Darchis has been with FinWise for over four years and has been instrumental in the buildout and management of the Company’s Strategic Lending Program. Announcement • May 17
FinWise Bancorp Reports Net Charge Off for the First Quarter Ended March 31, 2022 FinWise Bancorp reported net charge off for the first quarter ended March 31, 2022. For the quarter, the company reported net charge-offs were $2.8 million, compared to $2.3 million during the fourth quarter of 2021 and $0.6 million during the first quarter of 2021. Announcement • May 02
FinWise Bancorp, Annual General Meeting, Jun 09, 2022 FinWise Bancorp, Annual General Meeting, Jun 09, 2022, at 10:00 Mountain Daylight. Location: Jordan Commons Megaplex Theatres Capra Room, 9400 South State Street Sandy Utah United States Agenda: To elect three directors to serve for a three-year term ending at the 2025 annual meeting of shareholders or until their successor is duly elected and qualified; to approve the amendment to the All West Bancorporation 2019 Stock Option Plan to change the name to FinWise Bancorp 2019 Stock Option Plan"and to increase the number of shares available for grant under such plan; and to ratify the appointment of Moss Adams LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2022. Reported Earnings • Apr 29
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: US$0.80 (up from US$0.61 in 1Q 2021). Revenue: US$22.9m (up 65% from 1Q 2021). Net income: US$10.3m (up 108% from 1Q 2021). Profit margin: 45% (up from 36% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 9.3%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Over the next year, revenue is forecast to grow 48%, compared to a 11% growth forecast for the industry in the US. Announcement • Apr 13
FinWise Bancorp to Report Q1, 2022 Results on Apr 28, 2022 FinWise Bancorp announced that they will report Q1, 2022 results After-Market on Apr 28, 2022 Reported Earnings • Apr 04
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: US$3.64 (up from US$1.29 in FY 2020). Revenue: US$71.8m (up 95% from FY 2020). Net income: US$31.6m (up 205% from FY 2020). Profit margin: 44% (up from 28% in FY 2020). The increase in margin was driven by higher revenue. Net interest margin (NIM): 15.10% (up from 11.00% in FY 2020). Non-performing loans: 0.25% (down from 0.32% in FY 2020). Revenue exceeded analyst estimates by 7.2%. Earnings per share (EPS) also surpassed analyst estimates by 9.0%. Over the next year, revenue is forecast to grow 56%, compared to a 7.1% growth forecast for the banks industry in the US. Announcement • Feb 01
FinWise Bancorp to Report Q4, 2021 Results on Feb 23, 2022 FinWise Bancorp announced that they will report Q4, 2021 results After-Market on Feb 23, 2022 Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 15% share price gain to US$15.55, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 13x in the Banks industry in the US. 
