FinWise Bancorp (FINW) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

FinWise Bancorp

NasdaqGM•Financial Services•Banks - Regional

$13.85-0.14(-0.01%)Pre-market

Market Cap

$169.55M

P/E

12.4x

P/S

0.8x

P/B

0.9x

FinWise Bancorp operates as the bank holding company for FinWise Bank that provides various banking products and services to individual and corporate customers in Utah. The company operates in three segments: Traditional Banking; BaaS and Treasury; and Administration. The company provides various deposit products, including interest and noninterest-bearing demand accounts, health savings account demand deposits, NOW and money market accounts, and checking and savings accounts, as well as time deposits and certificates of deposits. It offers loans, including consumer, small business administration, commercial, commercial real estate, and residential real estate loans. In addition, the company offers debit cards, remote deposit capture, online banking, mobile banking, and direct deposit services; and business accounts and cash management services, such as business checking and savings accounts, and treasury services. The company was formerly known as All West Bancorp. FinWise Bancorp was founded in 1999 and is headquartered in Murray, Utah.

How this company scores

WeakMetricSide Score: 47/100

Grade capped at D — Interest coverage below 1× (0.5x) — earnings cannot cover interest. Strongest: Growth (19/25); weakest: Balance Sheet & Red Flags (8/25).

Profitability9/25

Growth19/25

Balance Sheet & Red Flags8/25

Cash & Earnings Quality11/25

Strengths

Growing revenueConsistent growthNet cash position

Grade capped at D

Interest coverage below 1× (0.5x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 12.4x5y range 4.7x – 17.6x

Currently near its 15-quarter median.

P/S · 0.8x5y range 0.8x – 2.2x

Currently below its 15-quarter median.

P/B · 0.9x5y range 0.7x – 1.8x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 43.5% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Red Flag

Free cash flow has been negative in 4 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $169.55M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $202.28M
Q. Revenue: $59.57M
TTM EBITDA: $25.49M
TTM Op. Income: $18.50M
Q. Op. Income: $2.80M
TTM Net Income: $13.67M
Q. Net Income: $2.13M
EPS: $0.16
Shares Out.: $13.11M

$202.28M in TTM revenue grew 89.2% YoY, reaching $59.57M last quarter. TTM EBITDA of $25.49M and TTM operating income of $18.50M show growth is flowing through to the bottom line. TTM net income of $13.67M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 91.2%
EBITDA Margin: 6.7%
Op. Margin: 4.7%
Net Margin: 3.6%

Op. margin of 4.7% is down 13.3% YoY — costs are rising relative to revenue. Net margin at 3.6% and gross margin of 91.2% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has fallen for 4 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 12.4x
P/S Ratio: 0.8x
P/B Ratio: 0.9x

At 12.4x P/E, the stock trades below typical market levels. P/S of 0.8x and P/B of 0.9x provide additional context. P/E sits below typical market levels while revenue is growing. Across the last 8 quarters, P/E has fallen for 3 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $925.31M
Cash: $93.64M
Long-Term Debt: N/A
Book Value: $199.19M
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-25.71M
TTM Free Cash Flow: $5.49M
FCF Margin: 2.7%
FCF / Net Income: 0.4

TTM FCF of $5.49M on $-25.71M in operating cash flow. The FCF / Net Income ratio of 0.4x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is up 111% — a weakening trend.