FinWise Reports Q1 Tangible Book Value of $14.34 per Share
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 30 2026
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Should l Buy FINW?
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."
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About FINW
FinWise Bancorp is a bank holding company. The Company operates through its two subsidiaries, FinWise Bank and FinWise Investment, LLC (collectively, the Bank). The Bank provides a full range of banking services to individual and commercial customers. The Bank’s primary source of revenue is from loans including consumer, Small Business Administration (SBA), commercial, commercial real estate, and residential real estate. Its banking business offers a diverse range of commercial and retail banking products and services and consists primarily of originating loans in a variety of sectors. It also attracts nationwide deposits from the general public, businesses and other financial institutions, and invests those deposits, together with borrowings and other sources of funds. The Company’s lending focuses on four main lending areas: SBA 7(a) loans, Strategic Programs, residential and commercial real estate, and commercial leasing.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
FinWise (FINW) Q1 2026 Earnings Transcript
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FinWise Bancorp Q1 2026 Earnings Call Insights
- Management Transition: Jim Noone assumed the role of CEO of FinWise Bancorp this month while continuing as President of FinWise Bank, with Executive Chairman Kent Landvatter emphasizing that this transition will not alter the company's strategic direction, indicating stability during leadership changes.
- Financial Performance: The company reported a net income of $2.7 million for Q1 with diluted earnings per share of $0.20, adversely impacted by elevated charge-offs in the SBA loan portfolio, and management expects these charge-offs to remain high over the next few quarters, reflecting challenges in risk management.
- Credit Growth Outlook: Management reaffirmed expectations for organic growth in credit enhanced balances averaging $8 million to $10 million per month for 2026, despite Q1 net charge-offs reaching $9.4 million, highlighting the pressure on balancing credit quality and growth.
- Asset Quality Risks: Management warned of potentially up to $10 million in watch list loans that could migrate to nonperforming loans in Q2, indicating the potential risks in asset quality management that need close monitoring in future credit performance.
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FINWISE BANCORP REPORTS Q1 NET INTEREST INCOME OF USD 28.1 MILLION
- Financial Performance: Finwise Bancorp reported a net interest income of USD 28.1 million for Q1.
- Growth Indicators: The financial results indicate a strong performance in the banking sector for the quarter.
See More
First Horizon Reports Strong Quarterly Earnings Beat
- Earnings Beat: First Horizon reported quarterly earnings of $0.53 per share, exceeding the Zacks consensus estimate of $0.49, reflecting a 26.2% increase from last year's $0.42, which boosts investor confidence in the company's profitability.
- Revenue Miss: The company posted revenues of $862 million for the quarter, slightly missing the Zacks consensus estimate of $866 million, although this represents a 6.2% year-over-year growth, which may impact short-term stock performance due to unmet expectations.
- Consistent Outperformance: Over the last four quarters, First Horizon has surpassed consensus EPS estimates four times, indicating stable profitability, yet the current Zacks Rank of 3 (Hold) suggests that future performance may align with the market.
- Industry Outlook Impact: The Banks - Southwest industry ranks in the top 19% of Zacks industries, indicating strong overall performance, suggesting that First Horizon could benefit from industry trends, prompting investors to monitor future earnings estimate revisions.
See More
FinWise Bancorp Appoints New CEO
- Leadership Change: FinWise Bancorp has appointed Jim Noone as CEO effective April 6, 2026, following a multi-year succession plan executed by the board, aimed at ensuring the company's future stability and growth.
- Transition Arrangement: Current CEO Kent Landvatter will transition to executive chairman of both the company and the bank, ensuring continuity in leadership and alignment in strategic direction, thereby enhancing investor confidence.
- Noone's Background: Jim Noone previously served as president of the bank in 2023, president of the company in 2024, and CEO of the bank in 2025, bringing extensive management experience that will aid in driving the company's future growth.
- Future Outlook: FinWise projects a quarterly origination baseline of $1.4 billion for 2026 while expanding credit-enhanced balances, indicating the company's proactive expansion strategy and confidence in future performance.
See More
FinWise Bancorp Appoints New CEO
- Executive Appointment: FinWise Bancorp announced the appointment of Jim Noone as CEO, effective in April, aiming to drive strategic transformation and growth under new leadership.
- Leadership Experience: Jim Noone brings extensive experience in the financial sector, and is expected to leverage his expertise to enhance the company's market competitiveness and operational efficiency, thereby boosting shareholder confidence.
- Strategic Goals: The new CEO's appointment signifies FinWise Bancorp's commitment to innovation and business expansion, which may attract more investor interest in the company's future prospects.
- Market Reaction: The market response to this appointment has been positive, with investors generally optimistic about the new leadership's capabilities, potentially leading to a favorable impact on the company's stock price.
See More
FinWise (FINW) Q1 2026 Earnings Transcript
See More
FinWise Bancorp Q1 2026 Earnings Call Insights
- Management Transition: Jim Noone assumed the role of CEO of FinWise Bancorp this month while continuing as President of FinWise Bank, with Executive Chairman Kent Landvatter emphasizing that this transition will not alter the company's strategic direction, indicating stability during leadership changes.
- Financial Performance: The company reported a net income of $2.7 million for Q1 with diluted earnings per share of $0.20, adversely impacted by elevated charge-offs in the SBA loan portfolio, and management expects these charge-offs to remain high over the next few quarters, reflecting challenges in risk management.
- Credit Growth Outlook: Management reaffirmed expectations for organic growth in credit enhanced balances averaging $8 million to $10 million per month for 2026, despite Q1 net charge-offs reaching $9.4 million, highlighting the pressure on balancing credit quality and growth.
- Asset Quality Risks: Management warned of potentially up to $10 million in watch list loans that could migrate to nonperforming loans in Q2, indicating the potential risks in asset quality management that need close monitoring in future credit performance.
See More
FINWISE BANCORP REPORTS Q1 NET INTEREST INCOME OF USD 28.1 MILLION
- Financial Performance: Finwise Bancorp reported a net interest income of USD 28.1 million for Q1.
- Growth Indicators: The financial results indicate a strong performance in the banking sector for the quarter.
See More
First Horizon Reports Strong Quarterly Earnings Beat
- Earnings Beat: First Horizon reported quarterly earnings of $0.53 per share, exceeding the Zacks consensus estimate of $0.49, reflecting a 26.2% increase from last year's $0.42, which boosts investor confidence in the company's profitability.
- Revenue Miss: The company posted revenues of $862 million for the quarter, slightly missing the Zacks consensus estimate of $866 million, although this represents a 6.2% year-over-year growth, which may impact short-term stock performance due to unmet expectations.
- Consistent Outperformance: Over the last four quarters, First Horizon has surpassed consensus EPS estimates four times, indicating stable profitability, yet the current Zacks Rank of 3 (Hold) suggests that future performance may align with the market.
- Industry Outlook Impact: The Banks - Southwest industry ranks in the top 19% of Zacks industries, indicating strong overall performance, suggesting that First Horizon could benefit from industry trends, prompting investors to monitor future earnings estimate revisions.
See More
FinWise Bancorp Appoints New CEO
- Leadership Change: FinWise Bancorp has appointed Jim Noone as CEO effective April 6, 2026, following a multi-year succession plan executed by the board, aimed at ensuring the company's future stability and growth.
- Transition Arrangement: Current CEO Kent Landvatter will transition to executive chairman of both the company and the bank, ensuring continuity in leadership and alignment in strategic direction, thereby enhancing investor confidence.
- Noone's Background: Jim Noone previously served as president of the bank in 2023, president of the company in 2024, and CEO of the bank in 2025, bringing extensive management experience that will aid in driving the company's future growth.
- Future Outlook: FinWise projects a quarterly origination baseline of $1.4 billion for 2026 while expanding credit-enhanced balances, indicating the company's proactive expansion strategy and confidence in future performance.
See More
FinWise Bancorp Appoints New CEO
- Executive Appointment: FinWise Bancorp announced the appointment of Jim Noone as CEO, effective in April, aiming to drive strategic transformation and growth under new leadership.
- Leadership Experience: Jim Noone brings extensive experience in the financial sector, and is expected to leverage his expertise to enhance the company's market competitiveness and operational efficiency, thereby boosting shareholder confidence.
- Strategic Goals: The new CEO's appointment signifies FinWise Bancorp's commitment to innovation and business expansion, which may attract more investor interest in the company's future prospects.
- Market Reaction: The market response to this appointment has been positive, with investors generally optimistic about the new leadership's capabilities, potentially leading to a favorable impact on the company's stock price.
See More
