| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 36.66 | 46.2% | 76.1% |
| Total Income | 36.66 | 46.2% | 76.1% |
| Expenditure | 30.25 | 54.0% | 86.6% |
| PBT | 6.41 | 18.1% | 39.0% |
| Net Profit | 4.89 | 19.3% | 41.7% |
| OPM | — | ||
| NPM | 13.34% | 3.00pp | 3.25pp |
| EPS | 0.36 | 16.1% | 38.5% |
FinWise Bancorp Reports Third Quarter 2025 Results: Loan Originations $1.8B
04 May 2026 · 4 May, 8:39 am
Summary
FinWise Bancorp reported strong third quarter 2025 results, with net income of $4.9 million, a 19% increase from the prior quarter and a 42% increase year-over-year. This performance was driven by robust loan originations, a significant increase in credit-enhanced balances, solid revenue growth and disciplined expense management. Total end-of-period assets also reached nearly $900 million for the first time in the Company’s history. The company announced two strategic program agreements with DreamFi Inc. and Tallied Technologies following the end of the quarter.
Key Highlights
- 1
Loan originations totaled $1.8 billion for the third quarter of 2025, compared to $1.4 billion for the third quarter of the prior year.
- 2
Net interest income was $18.6 million for the third quarter of 2025, compared to $14.8 million for the third quarter of the prior year.
- 3
Net income was $4.9 million for the third quarter of 2025, compared to $3.5 million for the third quarter of the prior year.
- 4
Diluted earnings per share were $0.34 for the third quarter of 2025, compared to $0.25 for the third quarter of the prior year.
- 5
The efficiency ratio was 47.6% for the third quarter of 2025, compared to 67.5% for the third quarter of the prior year.
- 6
Nonperforming loan balances were $42.8 million as of September 30, 2025, compared to $30.6 million as of September 30, 2024.
- 7
Total assets were $899.9 million as of September 30, 2025, an increase from $683.0 million as of September 30, 2024.
Management Comments
Kent Landvatter
Our strong third quarter results reflect the positive impact of the strategic investments we made over the past two years. We reported net income of $4.9 million, a 19% increase from the prior quarter and a 42% increase year-over-year. This performance was driven by robust loan originations, a significant increase in credit-enhanced balances, solid revenue growth and disciplined expense management. Total end-of-period assets also reached nearly $900 million for the first time in our Company’s history. Following the end of the quarter, we announced two strategic program agreements, with DreamFi Inc. and Tallied Technologies, and we remain actively engaged in discussions with several potential strategic partners to further expand our strategic initiatives. Overall, we remain confident that our focus on disciplined growth and operational excellence will continue to drive long-term progress and sustainable value creation for our shareholders.
Informational and educational content only. Not investment advice.