FinWise Bancorp reported significant financial growth for the fiscal year ending December 31, 2025, with net income rising to $16.1 million, a 26.5% increase from $12.7 million in 2024. The company's total assets increased by 31% to $977.1 million, driven primarily by a $93.7 million rise in loans held-for-investment and a $54.9 million increase in Strategic Program loans held-for-sale. The net interest income also saw a substantial increase, reaching $72.2 million, up from $58.9 million in the previous year, although the net interest margin decreased to 9.23% from 9.99%, reflecting a shift in the loan portfolio towards lower-risk borrowers with lower yields.
The company experienced a notable increase in its loan origination activities, with total loans originated rising by $1.1 billion to $6.1 billion in 2025. This growth was attributed to both new strategic programs and organic growth within established programs. The Strategic Program loans, which include credit-enhanced loans, accounted for a significant portion of the loan portfolio, with credit-enhanced loans increasing from $0.9 million in 2024 to $108.1 million in 2025. The allowance for credit losses also increased significantly, from $13.2 million to $36.8 million, primarily due to the growth in the credit-enhanced loan portfolio and higher net charge-offs.
Operationally, FinWise Bancorp has expanded its fintech partnerships, launching several new strategic lending programs aimed at underserved markets. These initiatives include partnerships with Backd Business Funding and DreamFi, among others, to enhance its product offerings and reach. The company also reported a total employee headcount of 198 as of December 31, 2025, reflecting its commitment to supporting its growth strategy through human capital.
Looking ahead, FinWise Bancorp anticipates continued growth in its Banking as a Service (BaaS) segment as it expands its fintech partnerships and product offerings. The company remains focused on optimizing its liquidity and capital resources to support its growth initiatives while navigating the evolving regulatory landscape. The management expressed confidence in its ability to manage credit risk effectively and maintain a strong capital position, with the bank categorized as well-capitalized under regulatory standards.
About Finwise Bancorp
FinWise Bancorp is a bank holding company that operates through its wholly-owned subsidiary, FinWise Bank, offering consumer and small business banking services nationwide. It specializes in digital lending, SBA loans, real estate, and equipment financing, leveraging technology and strategic partnerships to streamline loan origination and delivery. The company focuses on diversified loan portfolios, innovative funding sources, and competitive deposit products to serve its markets.
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