Start here if you're new
what it is
It runs a Utah bank that takes deposits, makes loans, and provides banking rails to business partners.
how it gets paid
Last year Finwise Bancorp made $74M in revenue. Payments & BIN sponsorship was the main engine at $32M, or 43% of sales.
what just happened
Revenue hit $62M, up 160% vs. prior year, while EPS rose to $0.86.
At a glance
B balance sheet — gets the job done, barely
16.9x trailing p/e — the market's not buying it — or you found a deal
$0.93 fy2024 eps est
$6M fy2024 rev est
0.95 beta
xvary composite: 53/100 — below average
What they do
It runs a Utah bank that takes deposits, makes loans, and provides banking rails to business partners.
FinWise generates $74M of annual revenue with 196 employees, or about $378,000 per employee using SEC figures. That is not a branch-heavy bank model. It looks more like a bank charter plus partner-driven fee income, which lets your small bank punch above its physical footprint.
How they make money
$74M
annual revenue
Payments & BIN sponsorship
$32M
SBA lending
$14M
Commercial & CRE loans
$12M
Consumer & residential loans
$8M
Deposits & treasury services
$8M
The products that matter
core lending and deposit banking
Banking Services
$92.1M trailing revenue · 17.5% net margin
this is the business as shown in the trailing data: $92.1M in revenue and a 17.5% net margin. Small banks do not get many places to hide when that margin slips.
profitability matters
originates guaranteed small-business loans
SBA 7(a) Lending
small-business niche · filing-driven story
this is one of the few strategic clues in the snapshot. It matters because a $215M bank does not need to win the whole market. It needs one niche that earns real money.
niche exposure
future earnings delivery
EPS Rebound
$1.80 next-year target
this is the real product investors are being sold right now: a jump to $1.80 next year after a quarter that printed $0.27. That gap is the thesis.
this is the thesis
Key numbers
$0.93
trailing eps
This is the earnings base you are buying today, and it is down 50.3% from the $1.87 FinWise earned in 2022.
$0M
long-term debt
Long-term debt is zero, which gives FinWise more balance-sheet room than a similarly sized lender carrying borrowed money.
16.9x
trailing p/e
You are paying 16.9 times trailing earnings, which is a full price for a bank whose EPS fell from $1.87 to $0.93 in two years.
$378K
revenue per employee
$74M of revenue across 196 employees suggests a lean model. Plain English: this bank makes more with fewer people than a branch-heavy lender.
Financial health
B
strength
- balance sheet grade B — adequate — nothing special
- risk rank 3 — safer than 50% of stocks
- price stability 40 / 100
- long-term debt $0M (0% of capital)
B — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for FINW right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Revenue hit $62M, up 160% vs. prior year, while EPS rose to $0.86.
The absurd part is simple: one quarter produced revenue equal to about 84% of the full-year $74M SEC figure. That tells you FinWise is not a smooth spread-income bank. It is a lumpy fee-and-partner story.
$62M
revenue
$0.86
eps
160%
revenue growth
the number that mattered
The 160% revenue jump matters most because it shows how much this model can surge when partner activity is working.
source: company earnings report, 2026
Get this snapshot in your inbox
This page, delivered free — plus weekly updates when the numbers change. plain english, no spam.
weekly updates
earnings alerts
plain english
no spam
What could go wrong
FINW is not facing abstract bank risk here. The specific problem is that the stock asks you to trust an earnings rebound before the numbers fully cooperate.
med
the rebound never really arrives
The setup leans on earnings jumping to $1.80 next year. The latest quarter printed $0.27 EPS against a $0.35 estimate. That is not a broken thesis yet. It is a thesis that now owes you proof.
$0.27 latest quarterly EPS versus a $1.80 next-year target is the gap you are underwriting.
med
profitability has less cushion than the story suggests
A 17.5% net margin keeps the bank profitable. It does not give you a huge buffer. If funding costs, credit costs, or operating expenses move the wrong way, a small bank feels that fast.
17.5% net margin is solid enough to survive, not high enough to ignore compression.
med
approval and transaction friction
The source risk file points to required regulatory approvals tied to an asset sale process in September 2024. The disclosure is thin. The implication is not. Small banks live inside approval regimes that can slow or complicate strategic moves.
We are not assigning a dollar figure here because the underlying source text is incomplete.
med
the revenue base is not perfectly clean
This page shows $74M annual revenue in one section and $92.1M trailing revenue in another. When the base inputs disagree, your valuation work gets wider error bars. Reality is already uncertain. The dataset does not need to add more.
That does not make the stock uninvestable. It does mean you should demand extra proof before paying up.
Here is the simple kill criterion: if EPS stays closer to the $0.27–$0.34 zone over the next few reports than to a clear path toward $1.80, the rebound thesis breaks.
source: institutional data · regulatory filings · risk analysis
Pay attention to
earnings
next earnings report
Estimated for Apr 29, 2026. Analysts project EPS of $0.34. That is the first checkpoint for the rebound case.
trend
the $1.80 thesis
A 75% jump to $1.80 is the story. If the next few quarters do not start building toward that number, the story changes before the stock does.
metric
revenue reconciliation
This page carries both $74M annual revenue and $92.1M trailing revenue. You want that gap explained before leaning too hard on valuation shortcuts.
risk
regulatory follow-through
The risk file points to approval-related language around an asset sale process. Thin disclosure is still something to monitor when the company is this small.
Analyst rankings
earnings outlook
$1.80
next-year EPS target in the dataset. in human-speak, analysts think the rough quarter was a detour rather than the new normal.
valuation
16.9x
Trailing P/E. You are paying a middle-of-the-road multiple for a bank that still has to prove the rebound case.
risk profile
0.95
Beta. The shares have moved roughly with the market, but your real variable here is whether earnings clean up.
source: institutional data
Institutional activity
institutional ownership data for FINW is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$18
current price
n/a
target midpoint · n/a from current
Want the deeper analysis?
The full deep dive: dcf model, scenario analysis, competitive moat breakdown, and quarterly tracking — everything on this page, taken further.
see plans from $5/moThe deep dive