Finwise Bancorp
FINW · State Commercial Banks · 13.7M shares · +13%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: -$2M (gross $461K, SBC $2M)
Reference price $19.48 · est. market cap ~$267M — last insider sale, 2025-11-03 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B70FinWise Bancorp — high-ROA banking-as-a-service / SBA-lending bank.
Strengths
- ROA 92nd pct; long cash runway; fast-growing fintech-program model
Risks
- ROE 8.3% (32nd); program-partner credit and compliance risk
- Negative reported FCF (loan growth)
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Cash burnNegative free cash flow (-28.6M)
- Chronic dilutionShare count +13%/yr over 3y (dilution, book value/share -5%)
- Strong balance sheetStrong balance sheet — $163M cash & investments, ~23 quarters of runway
Key metrics
Return on equity
8.3%
Return on assets
1.6%
Net-income growth
26.3%
Free cash flow
-$29M
Tangible book value
$193M
Cash & investments
$163M
Cash runway
23q
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-28 | Arias Juan Carlos | Tax withheld | 285 | $14.24 |
| 2026-05-28 | Clayton Natasha Laurette | Tax withheld | 1.7K | $14.24 |
| 2026-05-28 | Thiessens Richard | Tax withheld | 1.8K | $14.24 |
| 2026-05-28 | Wahlman Robert E. | Tax withheld | 3.1K | $14.24 |
| 2026-05-27 | Wahlman Robert E. | Tax withheld | 3.9K | $14.00 |
| 2026-05-27 | Arias Juan Carlos | Tax withheld | 348 | $14.00 |
| 2026-05-27 | Clayton Natasha Laurette | Tax withheld | 2.0K | $14.00 |
| 2026-05-27 | Thiessens Richard | Tax withheld | 2.0K | $14.00 |
| 2026-03-31 | Stines Andrew G | Grant | 19K | $15.73 |
| 2026-03-31 | Weichselbaum Alan | Grant | 3.2K | $15.73 |
| 2026-03-31 | Ehrlich Susan | Grant | 1.6K | $15.73 |
| 2026-03-31 | Reynolds Howard I | Grant | 3.2K | $15.73 |
| 2026-03-31 | Nievaard Lisa Ann | Grant | 3.2K | $15.73 |
| 2026-03-31 | Hutchings Jeana | Grant | 3.2K | $15.73 |
| 2026-03-31 | Giordano James N | Grant | 3.2K | $15.73 |
| 2026-03-31 | Cunningham Gerald Edwin | Grant | 3.2K | $15.73 |
| 2025-11-03 | Keil Robert | Sell | 1.5K | $19.48 |
| 2025-10-31 | Reynolds Howard I | Buy | 2.3K | $18.95 |
| 2025-09-05 | Giordano James N | Buy | 2.5K | $19.32 |
| 2025-08-26 | Noone James | Grant | 10K | $19.49 |
| 2025-06-26 | Wahlman Robert E. | Grant | 2.0K | $13.98 |
| 2025-06-09 | Noone James | Tax withheld | 1.2K | $14.44 |
| 2025-05-28 | Clayton Natasha Laurette | Tax withheld | 1.7K | $14.49 |
| 2025-05-28 | Noone James | Tax withheld | 4.0K | $14.49 |
| 2025-05-28 | Thiessens Richard | Tax withheld | 1.7K | $14.49 |
| 2025-05-28 | Keil Robert | Tax withheld | 2.1K | $14.49 |
| 2025-05-27 | Clayton Natasha Laurette | Grant | 21K | $14.70 |
| 2025-05-27 | OBrien Michael Christopher | Grant | 21K | $14.70 |
| 2025-05-27 | Noone James | Grant | 75K | $14.70 |
| 2025-05-27 | Landvatter Kent | Grant | 62K | $14.70 |
| 2025-05-27 | Cunningham Gerald Edwin | Grant | 2.7K | $14.70 |
| 2025-05-27 | Reynolds Howard I | Grant | 2.7K | $14.70 |
| 2025-05-27 | Giordano James N | Grant | 2.7K | $14.70 |
| 2025-05-27 | Hutchings Jeana | Grant | 2.7K | $14.70 |
| 2025-05-27 | Gibson Thomas Elmer Jr | Grant | 1.4K | $14.70 |
| 2025-05-27 | Nievaard Lisa Ann | Grant | 2.7K | $14.70 |
| 2025-05-27 | Wahlman Robert E. | Grant | 24K | $14.70 |
| 2025-05-27 | Thiessens Richard | Grant | 21K | $14.70 |
| 2025-05-27 | Keil Robert | Grant | 24K | $14.70 |
| 2025-05-27 | Ehrlich Susan | Grant | 2.7K | $14.70 |
| 2025-05-27 | Weichselbaum Alan | Grant | 2.7K | $14.70 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-25 | Exec/director changeShareholder voteExhibits | filing ↗ |
| 2026-05-21 | Reg FDExhibits | filing ↗ |
| 2026-04-30 | ResultsReg FDExhibits | filing ↗ |
| 2026-04-08 | Exec/director changeReg FDExhibits | filing ↗ |
| 2026-03-26 | Reg FDExhibits | filing ↗ |
| 2026-01-29 | ResultsReg FDExhibits | filing ↗ |
| 2025-10-29 | ResultsReg FDExhibits | filing ↗ |
| 2025-07-24 | ResultsReg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-25 | 2026-06-25 | 0001856365-26-000080 ↗ |
| 8-K | 2026-05-21 | 2026-05-19 | 0001856365-26-000054 ↗ |
| 10-Q | 2026-05-12 | 2026-03-31 | 0001856365-26-000051 ↗ |
| 8-K | 2026-04-30 | 2026-04-30 | 0001856365-26-000048 ↗ |
| 8-K | 2026-04-08 | 2026-04-02 | 0001856365-26-000028 ↗ |
| 8-K | 2026-03-26 | 2026-03-26 | 0001856365-26-000008 ↗ |
| 10-K | 2026-03-23 | 2025-12-31 | 0001856365-26-000006 ↗ |
| 8-K | 2026-01-29 | 2026-01-29 | 0001856365-26-000004 ↗ |
| 10-Q | 2025-11-10 | 2025-09-30 | 0001856365-25-000045 ↗ |
| 8-K | 2025-10-29 | 2025-10-29 | 0001856365-25-000042 ↗ |
| 10-Q | 2025-08-11 | 2025-06-30 | 0001628280-25-039618 ↗ |
| 8-K | 2025-07-24 | 2025-07-24 | 0001628280-25-035927 ↗ |