BuybackMay 21, 2026, 08:33 AM
Finwise Bancorp Authorizes Share Repurchase Program for 5% of Shares
AI Summary
Finwise Bancorp announced that its Board of Directors has authorized a common stock repurchase program to acquire up to 685,000 shares, representing approximately 5% of its outstanding shares. The program is set to expire on May 31, 2028, and reflects the company's strong capital position and confidence in its long-term business trajectory. Finwise Bancorp reported a Bank Leverage Ratio of 16.8% and a tangible book value of $14.34 per share at the end of the first quarter.
Key Highlights
- Finwise Bancorp authorized a share repurchase program for up to 685,000 shares.
- The program represents approximately 5% of issued and outstanding shares as of May 19, 2026.
- The share repurchase program is authorized until May 31, 2028.
- The company ended the first quarter with a Bank Leverage Ratio of 16.8%.
- Tangible book value was reported at $14.34 per share.
- Repurchases will be funded with available cash balances.
Price Impact
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