Finwise Bancorp
For the period ended Jun 30, 2025. Filed Aug 11, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 11, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statement of Changes in Shareholders’ Equity
Consolidated Statements of Changes in Shareholders’ Equity (Unaudited)
(in thousands, except share amounts)
Three Months Ended June 30, 2025
| Common Stock | ||||||
|---|---|---|---|---|---|---|
| Shares | Amount | AdditionalPaid-InCapital | RetainedEarnings | Accumulated Other Comprehensive Income, Net of Tax | TotalShareholders’Equity | |
| Balance at March 31, 2025 | 13,216,903 | $13 | $57,548 | $119,781 | $19 | $177,361 |
| Stock-based compensation expense | 269,367 | — | 761 | — | — | 761 |
| Stock options exercised | 120 | — | — | — | — | — |
| Restricted stock surrendered for tax withholding upon vesting | (16,665) | — | (174) | (69) | — | (243) |
| Other comprehensive loss, net of tax | — | — | — | — | (17) | (17) |
| Net income | — | — | — | 4,097 | — | 4,097 |
| Balance at June 30, 2025 | 13,469,725 | $13 | $58,135 | $123,809 | $2 | $181,959 |
Three Months Ended June 30, 2024
| Common Stock | |||||
|---|---|---|---|---|---|
| Shares | Amount | AdditionalPaid-InCapital | RetainedEarnings | TotalShareholders’Equity | |
| Balance at March 31, 2024 | 12,793,555 | $13 | $55,304 | $107,165 | $162,482 |
| Stock-based compensation expense | 354,699 | — | 419 | — | 419 |
| Common stock repurchased and retired | (26,911) | — | (282) | (3) | (285) |
| Stock options exercised, net | 22,217 | — | — | — | — |
| Net income | — | — | — | 3,180 | 3,180 |
| Balance at June 30, 2024 | 13,143,560 | $13 | $55,441 | $110,342 | $165,796 |
Unaudited Consolidated Statements of Changes in Shareholders’ Equity (Continued)
(in thousands, except share amounts)
Six Months Ended June 30, 2025
| Common Stock | ||||||
|---|---|---|---|---|---|---|
| Shares | Amount | AdditionalPaid-InCapital | RetainedEarnings | Accumulated Other Comprehensive Income, Net of Tax | TotalShareholders’Equity | |
| Balance at December 31, 2024 | 13,211,640 | $13 | $56,926 | $116,594 | $187 | $173,720 |
| Stock-based compensation expense | 269,367 | — | 1,361 | — | — | 1,361 |
| Stock options exercised, net | 5,383 | — | 22 | (2) | — | 20 |
| Restricted stock surrendered for tax withholding upon vesting | (16,665) | — | (174) | (69) | — | (243) |
| Other comprehensive loss, net of tax | — | — | — | — | (185) | (185) |
| Net income | — | — | — | 7,286 | — | 7,286 |
| Balance at June 30, 2025 | 13,469,725 | $13 | $58,135 | $123,809 | $2 | $181,959 |
Six Months Ended June 30, 2024
| Common Stock | |||||
|---|---|---|---|---|---|
| Shares | Amount | AdditionalPaid-InCapital | RetainedEarnings | TotalShareholders’Equity | |
| Balance at December 31, 2023 | 12,493,565 | $12 | $51,200 | $103,844 | $155,056 |
| Stock-based compensation expense | 329,310 | — | 570 | — | 570 |
| Common stock repurchased and retired | (44,608) | — | (469) | 3 | (466) |
| Stock options exercised, net | 26,117 | — | 16 | — | 16 |
| BFG ownership purchase | 339,176 | 1 | 4,124 | — | 4,125 |
| Net income | — | — | — | 6,495 | 6,495 |
| Balance at June 30, 2024 | 13,143,560 | $13 | $55,441 | $110,342 | $165,796 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.