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FinWise Bancorp (FINW) Revenue & Revenue Breakdown

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FinWise Bancorp Revenue Highlights

Latest Revenue (Y)

$86.21M

Latest Revenue (Q)

$25.08M

Main Segment (Y)

Strategic Program Fees

FinWise Bancorp Revenue by Period

FinWise Bancorp Revenue by Year

DateRevenueChange
2023-12-31$86.21M1480.75%
2022-12-31$5.45M-93.17%
2021-12-31$79.82M89.72%
2020-12-31$42.07M24.44%
2019-12-31$33.81M-

FinWise Bancorp generated $86.21M in revenue during NA 2023, up 1480.75% compared to the previous quarter, and up 0.00% compared to the same period a year ago.

FinWise Bancorp Revenue by Quarter

DateRevenueChange
2024-09-30$25.08M4.88%
2024-06-30$23.91M2.92%
2024-03-31$23.23M-2.74%
2023-12-31$23.89M21.62%
2023-09-30$19.64M3.57%
2023-06-30$18.96M14.01%
2023-03-31$16.63M933.75%
2022-12-31$1.61M-5.41%
2022-09-30$1.70M-91.98%
2022-06-30$21.20M1794.55%
2022-03-31$1.12M-95.41%
2021-12-31$24.40M12.49%
2021-09-30$21.69M14.39%
2021-06-30$18.96M30.66%
2021-03-31$14.51M25.19%
2020-12-31$11.59M0.67%
2020-03-31$11.52M-

FinWise Bancorp generated $25.08M in revenue during Q3 2024, up 4.88% compared to the previous quarter, and up 132.25% compared to the same period a year ago.

FinWise Bancorp Revenue Breakdown

FinWise Bancorp Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22
Strategic Program Set Up Fees$223.00K-
Change in Fair Value on Investment$-600.00K$-478.00K
Financial Service, Other$2.59M-
Gain (Loss) on Sales of Loans, Net$1.68M$13.55M
Small Business Administration Loan Servicing Fees$1.47M$1.60M
Strategic Program Fees$15.36M-
Strategic Program Service Charges$329.00K$834.00K
Deposit Account$26.00K-
Other Miscellaneous Income-$239.00K

FinWise Bancorp's latest annual revenue breakdown by segment (product or service), as of Dec 23: Strategic Program Fees (72.87%), Financial Service, Other (12.29%), Gain (Loss) on Sales of Loans, Net (7.99%), Small Business Administration Loan Servicing Fees (6.95%), Strategic Program Service Charges (1.56%), Strategic Program Set Up Fees (1.06%), Deposit Account (0.12%), and Change in Fair Value on Investment (-2.85%).

Quarterly Revenue by Product

Product/ServiceDec 22Sep 22Jun 22Mar 22
Other Miscellaneous Income$141.00K$64.00K$24.00K$10.00K
Strategic Program Service Charges$67.00K$64.00K$295.00K$408.00K
Change in Fair Value on Investment$430.00K$65.00K$-575.00K$-398.00K
Small Business Administration Loan Servicing Fees$547.00K$327.00K$342.00K$387.00K
Gain (Loss) on Sales of Loans, Net$4.16M$1.92M$2.41M$5.05M
Strategic Program Fees-$5.02M$5.88M$6.17M

FinWise Bancorp's latest quarterly revenue breakdown by segment (product or service), as of Dec 22: Gain (Loss) on Sales of Loans, Net (77.84%), Small Business Administration Loan Servicing Fees (10.23%), Change in Fair Value on Investment (8.04%), Other Miscellaneous Income (2.64%), and Strategic Program Service Charges (1.25%).

FinWise Bancorp Revenue Breakdown by Country

Quarterly Revenue by Country

CountryDec 22Sep 22Jun 22Mar 22
Gain (Loss) on Sales of Loans, Net$4.16M$1.92M$2.41M$5.05M
Strategic Program Service Charges$67.00K$64.00K$295.00K$408.00K
Small Business Administration Loan Servicing Fees$547.00K$327.00K$342.00K$387.00K
Other Miscellaneous Income$141.00K$64.00K$24.00K$10.00K
Change in Fair Value on Investment$430.00K$65.00K$-575.00K$-398.00K
Strategic Program Fees-$5.02M$5.88M$6.17M

FinWise Bancorp's latest quarterly revenue breakdown by geography, as of Dec 22: Gain (Loss) on Sales of Loans, Net (77.84%), Small Business Administration Loan Servicing Fees (10.23%), Change in Fair Value on Investment (8.04%), Other Miscellaneous Income (2.64%), and Strategic Program Service Charges (1.25%).

FinWise Bancorp Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
CFBKCF Bankshares$112.31M$30.00M
FNWBFirst Northwest Bancorp$104.92M$28.21M
FINWFinWise Bancorp$86.21M$25.08M
FFNWFirst Financial Northwest$80.93M$20.09M
CWBCCommunity West Bancshares$61.39M$27.26M
FCAPFirst Capital$51.24M$15.02M
HMNFHMN Financial$43.48M$14.79M
LSBKLake Shore Bancorp$36.39M$9.64M
HFBLHome Federal Bancorp, Inc. of Louisiana$33.45M$8.04M
MGYRMagyar Bancorp$30.42M$12.74M
HVBCHV Bancorp$25.74M$6.58M
OFEDOconee Federal Financial$16.61M$3.21M

FINW Revenue FAQ

What is FinWise Bancorp’s yearly revenue?

FinWise Bancorp's yearly revenue for 2023 was $86.21M, representing an increase of 1480.75% compared to 2022. The company's yearly revenue for 2022 was $5.45M, representing a decrease of -93.17% compared to 2021. FINW's yearly revenue for 2021 was $79.82M, representing an increase of 89.72% compared to 2020.

What is FinWise Bancorp’s quarterly revenue?

FinWise Bancorp's quarterly revenue for Q3 2024 was $25.08M, a 4.88% increase from the previous quarter (Q2 2024), and a 27.69% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $23.91M, a 2.92% increase from the previous quarter (Q1 2024), and a 26.10% increase year-over-year (Q2 2023). FINW's quarterly revenue for Q1 2024 was $23.23M, a -2.74% decrease from the previous quarter (Q4 2023), and a 39.68% increase year-over-year (Q1 2023).

What is FinWise Bancorp’s revenue growth rate?

FinWise Bancorp's revenue growth rate for the last 3 years (2021-2023) was 8.01%, and for the last 5 years (2019-2023) was 155.00%.

What are FinWise Bancorp’s revenue streams?

FinWise Bancorp's revenue streams in c 23 are Strategic Program Set Up Fees, Change in Fair Value on Investment, Financial Service, Other, Gain (Loss) on Sales of Loans, Net, Small Business Administration Loan Servicing Fees, Strategic Program Fees, Strategic Program Service Charges, and Deposit Account. Strategic Program Set Up Fees generated $223K in revenue, accounting 1.06% of the company's total revenue Change in Fair Value on Investment generated $-600K in revenue, accounting -2.85% of the company's total revenue, up 25.52% year-over-year. Financial Service, Other generated $2.59M in revenue, accounting 12.29% of the company's total revenue Gain (Loss) on Sales of Loans, Net generated $1.68M in revenue, accounting 7.99% of the company's total revenue, down -87.57% year-over-year. Small Business Administration Loan Servicing Fees generated $1.47M in revenue, accounting 6.95% of the company's total revenue, down -8.55% year-over-year. Strategic Program Fees generated $15.36M in revenue, accounting 72.87% of the company's total revenue Strategic Program Service Charges generated $329K in revenue, accounting 1.56% of the company's total revenue, down -60.55% year-over-year. Deposit Account generated $26K in revenue, accounting 0.12% of the company's total revenue

What is FinWise Bancorp’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of FinWise Bancorp was Strategic Program Fees. This segment made a revenue of $15.36M, representing 72.87% of the company's total revenue.