FINW News & Events

Reports Q1 tangible book value per share $14.34. "FinWise delivered $1.7 billion in loan originations during the first quarter-up 38% year over year- and core expenses were held flat enabling us to grow tangible book value to $14.34 per share and maintaining a strong Bank Leverage Ratio of 16.8%, nearly double the current well capitalized minimum requirement," said Jim Noone, CEO of FinWise Bancorp. "Results this quarter included elevated net charge-offs, from both our credit enhanced portfolio-which are fully reimbursed to FinWise under the structure of the product-as well as a limited number of legacy SBA credits. We expect these SBA charge-offs to remain elevated over the next few quarters as those credits continue to be actively managed. Our partner pipeline continues to strengthen, the platform is scaling, and the long-term trajectory of the business is strong. We remain focused on disciplined execution and building long-term shareholder value."

FinWise Bancorp, the parent company of FinWise Bank, 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 Bank. 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. "Kent and Jim have worked in close partnership throughout this transition," said Howard Reynolds, Vice Chairman and Lead Independent Director of FinWise. "Jim has consistently delivered strong operational execution and sound judgment throughout his career at FinWise. The Board has complete confidence in his leadership and ability to continue executing the Company's strategy."

FinWise Bancorp announced a strategic program agreement with fintech Albert Corporation. Kent Landvatter, chairman and CEO of FinWise Bancorp commented, "We are thrilled that Albert chose FinWise as a key partner to augment their thriving business, which offers consumers access to financial products through their state-of-the-art app. Our shared vision for challenging the status quo of banking should provide a long-term opportunity to deliver financial innovation across multiple products that benefit all consumers. The trust that Albert has placed in FinWise to help enhance their growth opportunity is a testament to the benefits that our multi-product platform, including lending, deposit and payments products, provides our strategic partners."