FinWise Bancorp (FINW) Revenue & Revenue Breakdown
FinWise Bancorp Revenue Highlights
Latest Revenue (Y)
$86.21M
Latest Revenue (Q)
$23.46M
Main Segment (Y)
Strategic Program Fees
FinWise Bancorp Revenue by Period
FinWise Bancorp Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $86.21M | 1480.75% |
| 2022-12-31 | $5.45M | -93.17% |
| 2021-12-31 | $79.82M | 89.72% |
| 2020-12-31 | $42.07M | 24.44% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $23.46M | 0.98% |
| 2024-03-31 | $23.23M | -2.74% |
| 2023-12-31 | $23.89M | 21.62% |
| 2023-09-30 | $19.64M | 3.57% |
| 2023-06-30 | $18.96M | 14.01% |
| 2023-03-31 | $16.63M | 933.75% |
| 2022-12-31 | $1.61M | -5.41% |
| 2022-09-30 | $1.70M | -91.98% |
| 2022-06-30 | $21.20M | 1794.55% |
| 2022-03-31 | $1.12M | -95.41% |
| 2021-12-31 | $24.40M | 12.49% |
| 2021-09-30 | $21.69M | 14.39% |
| 2021-06-30 | $18.96M | 30.66% |
| 2021-03-31 | $14.51M | 25.19% |
| 2020-12-31 | $11.59M | 0.67% |
| 2020-03-31 | $11.52M | - |
FinWise Bancorp generated $23.46M in revenue during Q2 2024, up 0.98% compared to the previous quarter, and up 141.04% compared to the same period a year ago.
FinWise Bancorp Revenue Breakdown
FinWise Bancorp Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 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/Service | Dec 22 | Sep 22 | Jun 22 | Mar 22 |
|---|---|---|---|---|
| Other Miscellaneous Income | $141.00K | $64.00K | $24.00K | $10.00K |
| 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 |
| Change in Fair Value on Investment | $430.00K | $65.00K | $-575.00K | $-398.00K |
| 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
| Country | Dec 22 | Sep 22 | Jun 22 | Mar 22 |
|---|---|---|---|---|
| Change in Fair Value on Investment | $430.00K | $65.00K | $-575.00K | $-398.00K |
| 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 |
| 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 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
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| CFBK | CF Bankshares | $112.31M | $29.99M |
| FNWB | First Northwest Bancorp | $104.92M | $28.10M |
| FINW | FinWise Bancorp | $86.21M | $23.46M |
| FFNW | First Financial Northwest | $80.93M | $20.02M |
| CWBC | Community West Bancshares | $61.39M | $27.26M |
| FCAP | First Capital | $51.24M | $14.24M |
| HMNF | HMN Financial | $43.48M | $14.79M |
| LSBK | Lake Shore Bancorp | $36.39M | $9.49M |
| HFBL | Home Federal Bancorp, Inc. of Louisiana | $33.45M | $8.40M |
| MGYR | Magyar Bancorp | $30.42M | $12.74M |
| HVBC | HV Bancorp | $25.74M | $6.58M |
| OFED | Oconee 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 Q2 2024 was $23.46M, a 0.98% increase from the previous quarter (Q1 2024), and a 23.71% increase year-over-year (Q2 2023). The company'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). FINW's quarterly revenue for Q4 2023 was $23.89M, a 21.62% increase from the previous quarter (Q3 2023), and a 1384.59% increase year-over-year (Q4 2022).
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.