FinWise Bancorp reported a notable increase in financial performance for the second quarter of 2025, with net income rising to $4.1 million, up 28.8% from $3.2 million in the same period last year. For the first half of 2025, net income reached $7.3 million, a 12.2% increase compared to $6.5 million in the first half of 2024. The company's total interest income also saw a 7.2% increase year-over-year, totaling $19.7 million for the quarter, driven by higher loan originations and strategic program fees, which increased by 33.9% to $5.4 million.
Total assets for FinWise Bancorp increased by $96.5 million to $842.5 million as of June 30, 2025, primarily due to growth in loans held-for-investment and strategic program loans held-for-sale. Loans held-for-investment rose to $506.5 million, a 13.1% increase from $447.8 million at the end of 2024. The company’s deposit base also expanded significantly, with total deposits increasing by 16.6% to $635.2 million, largely attributed to brokered time deposits.
The company experienced a significant rise in its provision for credit losses, which increased by 98.2% to $4.7 million for the quarter, reflecting the growth in its strategic program loans and higher net charge-offs. Non-interest income surged by 100.1% to $10.3 million, bolstered by gains on loan sales and credit enhancement income. However, non-interest expenses also rose by 12.8% to $14.9 million, primarily due to increased salaries and employee benefits associated with a growing workforce.
Strategically, FinWise Bancorp has focused on expanding its product offerings and enhancing its infrastructure to support growth. The company has also maintained a strong capital position, with total shareholders' equity increasing to $182.0 million, representing 21.6% of total assets. Looking ahead, FinWise Bancorp anticipates continued growth in its loan origination activities and remains committed to managing credit risk effectively, particularly in light of the evolving economic landscape and potential impacts on borrower repayment capabilities.
About Finwise Bancorp
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