Finwise Bancorp 2025 10-K: $92.478M Interest Income, EPS $1.13 diluted

Finwise Bancorp reported stronger 2025 results driven by higher interest and non‑interest income, with total interest income of $92.478 million and net income of $16.091 million. Diluted earnings per share improved to $1.13 as net interest income rose to $72.183 million. Growth in loan originations and expansion of BaaS/fintech partnerships supported the revenue and servicing gains.

Financial Highlights

• Total interest income: $92.478 million (up from $74.352 million in 2024)
• Net interest income: $72.183 million (primary earnings driver; up $13.3 million vs. 2024)
• Non‑interest income: $58.483 million (substantial increase from $22.485 million in 2024)
• Net income: $16.091 million (increased from $12.742 million in 2024)
• Earnings per share, basic: $1.20; Earnings per share, diluted: $1.13 (both improved vs. prior year)

Business Highlights

• Loan originations growth: Originations rose by $1.1 billion to $6.1 billion in 2025, driven by new strategic programs and increased third‑party volume.
• Channel and product shift: Expanded banking‑as‑a‑service and fintech partnerships (including Backd, DreamFi, Tallied, Plannery, PowerPay) to broaden nationwide lending, card, and payments services.
• Strategic program momentum: Scaled a credit‑enhanced portfolio to $108.1 million, increasing credit enhancement income and servicing activity.
• Operational buildout: Implemented segment reporting, launched the MoneyRails™ payments platform, issued co‑branded cards, and modernized technology and operations to support growth.
• Asset and funding deployment: Increased held‑for‑sale and held‑for‑investment loan holdings and adjusted reserve deposit practices to support program volume.

Original SEC Filing: Finwise Bancorp [ FINW ] - 10-K - Mar. 20, 2026